How was the post-pandemic inflation for you? Not too good, I suspect, especially if you are a heavy user of energy, or if food is a big part of your spending, for example, or if your savings were in long-term bonds or in bank deposits. There was considerable variation in the degree to which the big surge in inflation between 2021 and 2023 impacted Irish households. Soon, however, pay started to catch up, and by now average earnings in real terms have outstripped the pre-pandemic levels, though the changing composition of the workforce limits the usefulness of averages in making such…
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