Consumer confidence falls as inflation surges to 5.1% high

New Red C poll shows consumers are preparing for food and energy costs to rise and are cutting back on discretionary spending. A third of Irish consumers are already struggling to make ends meet

14th November, 2021
Hitting the shops: but a lot of consumers may be cutting back as inflation takes its toll . Picture: Getty

Consumer confidence continues to fall in the face of higher household costs and rising Covid-19 cases, according to a new poll from Red C Research.

The findings come as the inflation rate in Ireland stood at 5.1 per cent in October, which is among the highest for any European member state and the first time it has broken the 5 per cent mark in Ireland since 2002.

The sharp rise means that over half (54 per cent) of...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Dan O’Brien: Our national inferiority complex fuels the move towards angry populism

Aidan Regan: ‘One size fits all’ doesn’t work for Europe’s many varieties of capitalism

Average salary expected to rise 5-10% this year as Great Resignation continues

Analysis: Why the coming months are critical to assessing Europe’s economic direction