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%.