Cost of Living in Ireland 2025

 The cost of living in Ireland is influenced by various factors, including housing, utilities, transportation, and daily expenses. Recent measures announced in Budget 2025 aim to address these costs and provide financial relief to residents.

Key Measures from Budget 2025:

  • Energy Credits: Households will receive a €250 energy credit, disbursed in two equal payments, to alleviate utility expenses.


  • VAT Reduction on Energy: The reduced VAT rate of 9% for gas and electricity is extended for an additional six months until April 2025, aiming to lower energy bills.


  • Fuel Allowance: A lump sum payment of €300 will be provided to fuel allowance recipients in November, assisting with heating costs during the colder months.


  • Minimum Wage Increase: The national minimum wage will rise by 80 cents, bringing it to €13.50 per hour, effective January 2025, enhancing income for low-wage workers.


  • Social Welfare Payments: An increase of €12 per week for those receiving weekly social protection payments, along with double payments for certain recipients, is planned to support vulnerable populations.


  • Childcare and Education Support: Initiatives include a one-off 'baby boost' payment of €420 for each newborn from January 1, free public transport extended to children aged five to eight, and the expansion of the free schoolbooks initiative up to Leaving Certificate students, reducing expenses for families.


  • Healthcare Savings: Hormone Replacement Therapy (HRT) for menopause will be made free, potentially saving women between €360 and €840 annually.


These measures are designed to mitigate the impact of living expenses and provide financial relief to various segments of the population. For a comprehensive overview of Budget 2025 and its implications, you can refer to the official government publication.

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