10/07/2009

Travel More Expensive Despite Falling Costs

Figures published today have revealed that despite a drop in the cost of living in Ireland the price of public transport and car insurance continues to rise.

Central Statistics Office (CSO) figures released today show that despite the fall in the prices of petrol and diesel, the overall cost of running a car has increased due to hikes in motor tax, up 4.4%, and motor insurance, up 13.2%.

The report showed the rising costs of public transport with bus prices having increased by almost 11% in the year. Taxi and rail fares are also up 8.2% and 9% respectively.

It's not all bad news however as an escalating supermarket price war also meant food prices fell by 3.3% in the last year, with discounting at retailers accounting for a 12.4% and 12.2% drop in clothing and shoe prices respectively.

The survey also revealed that employees in Ireland earned an average of just over €20 an hour in October 2007. The statistics agency says men were earning an average of more than €21 an hour, while women were earning an average of less than €19 an hour.

The new figures also show that half of all employees earned less than €16.29. Average hourly earnings in the public sector were €26.67, almost 50% higher than those in the private sector (€18.07)

(DW/BmcC)

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