Housing costs overtake grocery bills for first time ever

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%.

 

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