Housing costs overtake grocery bills for first time ever

October 10, 2012 The MyHome Newsdesk by The MyHome Newsdesk
Housing costs overtake grocery bills for first time ever

Families are spending more money on housing than on food for the first time ever, according to a new report from the Central Statistics Office.

The new findings show that housing costs have soared by 50% in five years. That means that households are now spending 18% of their money on housing, up from 12% in 2005.

By contrast, just 16% of peoples’ weekly budget is going on groceries, down from 18% in 2005.

The Household Budget Survey also found that fuel and light costs have soared by 15%.

 

Advertisement
Tags:
Uncategorized Budget Central Statistics Office CSO families findings

Related articles

Woman using mortgage calculator

Mortgage calculator

Ready to start house hunting but need to know how much you'll be paying on your mortgage? Our Irish mortgage repayments calculator will get you the answers you're looking for.

Start now →

Powered by doddl logo