Overall prices of goods and services 20pc to 25pc higher than before CovidMotor insurance premiums have been rising for 14 months in a row. Stock imageMotor insurance premiums are now rising at 15 times the rate of general inflation, with above-average rises in the cost of eating out, going to the cinema and package holidays too, new figures reveal. The cost of insuring a vehicle was up by 11pc in the year to October, according to the latest inflation figures from the Central Statistics Office (CSO). Mr Walsh said that at 10.9pc, motor insurance premiums have risen at 15 times the rate of inflation. Over the last year, the CSO said consumers have been hit with higher prices for alcoholic drinks and food consumed in licensed premises, restaurants and cafes.

Source: Irish Independent November 08, 2024 11:30 UTC