Cost Of Living Increase 2024 Estimated Cost. The temporary reductions in vat on gas and electricity, from 13.5% to 9%, will be extended to 31 october 2023 at an estimated cost of โฌ115 million; The cost of living has risen in the uk and across the world since 2022.
Ireland is the 4th most expensive country in western europe (4 out of 17) cost of living in ireland is more expensive than in 86%. The cola is adjusted annually to help retirees.