Doherty: ‘Inflation in Ireland is substantially higher than the average in Europe’

Donegal TD and Sinn Féin spokesperson on Finance, Pearse Doherty, has said that inflation is running far above where the government said it would be on budget day.

Inflation is coming in at 2.7% for 2025, when it was meant to drop to 2%. The Donegal TD said that the government pulled cost-of-living supports on the claim that inflation would be below the target, when speaking after the publication of the CSO flash HICP inflation data.

“This data just confirms what everyone already knows,” Teachta Doherty said. “The government has failed to end the rip-off and get prices under control. And workers and families are being left worse off. The government said inflation would be below target for 2025 when they decided to scrap cost-of-living supports and give all the tax cuts to those at the top instead of workers.

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“Today’s data release shows that the projection was wrong, and exposes the fact that the government has no plan to protect workers and families. Pretending the cost-of-living crisis is over is not a plan the public will accept.

“Food inflation is still running at 4%. That is completely unsustainable for people on modest incomes. Families are getting hit hard by the unrelenting increase in food prices.  Inflation in Ireland is substantially higher than the average across Europe. Despite that, the government is refusing to take seriously the most obvious cause, which is price gouging and profiteering.

“The government can’t continue to ignore the cost-of-living crisis in 2026. The public needs to see a government that is able and willing to stand up for them.”