Tag Archives: inflation

LAST year Clare County Councillors voted to keep the Local Property Tax at the maximum that can legally be charged, but pressure for a reduction is likely to be high in 2023, as the worst inflation seen in decades is eroding people’s standard of living. Last year Shannon Independent councillor Gerry Flynn was one of just two members who were against keeping the amount paid by Clare householders at 15% above the standard rate, and at this week’s meeting of the local authority he called for a reduction in 2023. Prior to last week’s meeting he put a motion on the agenda in which he stated, “I am calling on the Councillors in Clare County Council to reduce the Local Property Tax by 15% when they are making a decision on the new rate. “Currently homeowners in Clare are paying 15% above the Government’s recommended standard rate as a result of a decision taken by local councillors. “This unjust tax …

INFLATION was a reality before the invasion of Ukraine, but the war is going to exacerbate it significantly, says Tommy Corbett of Ennis based Carey Corbett Financial Solutions. “We’ve had inflation for the last 12 months, mainly driven by supply chain side and the disruption of supply chains on goods coming from afar. There was also pent up demand. “People hadn’t spent money during Covid, and when it was finished they had a lot more money in their pockets and tended to spend a bit more. But from now on what’s happening in Ukraine is going to drive it even further. Things like wheat will come into play and the supply of gas and oil is going to dry up and that’ll drive things even further.” The rise in petrol and diesel prices is one of the starkest reminders, he feels. “It’s hitting home when you got to the pumps and see it’s €2 or even €2.14 or €2.15 a …

INFLATION was a reality before the invasion of Ukraine, but the war is going to exacerbate it significantly, says Tommy Corbett of Ennis based Carey Corbett Financial Solutions. “We’ve had inflation for the last 12 months, mainly driven by supply chain side and the disruption of supply chains on goods coming from afar. There was also pent up demand. “People hadn’t spent money during Covid, and when it was finished they had a lot more money in their pockets and tended to spend a bit more. But from now on what’s happening in Ukraine is going to drive it even further. Things like wheat will come into play and the supply of gas and oil is going to dry up and that’ll drive things even further.” The rise in petrol and diesel prices is one of the starkest reminders, he feels. “It’s hitting home when you got to the pumps and see it’s €2 or even €2.14 or €2.15 a …

Rents for residential property in Clare increased by 4.4% last year compared to 2013. However, with the average advertised rent at €566, there is overall decrease of 25% since the peak of the market, according to property website, Daft.ie. In Munster, rents rose by an average of 4.2% in the year to December 2014, compared to static rents a year previously. Year-on-year inflation in rents nationwide eased in the final three months of 2014, according to the latest quarterly rental report by Daft.ie. The national average rent between October and December was just under €950, that’s 9.7% higher than last year. However, this is down from a 10.8% annual increase in the second and third quarters and marks the first time since mid-2009 that rental inflation has eased. This national trend is being driven by a moderation in Dublin’s rental inflation, which has eased from 16.5% in April to below 10% by January. In the other city centres, rents continue …