October 15, 2021
Annualised inflation wipes out increase in minimum wage – Louise O’Reilly TD

Speaking following the Central Statistics Office release for the Consumer Price Index, Sinn Féin spokesperson on Workers’ Rights, Louise O’Reilly TD, said annualised inflation has effectively wiped out the increase in the minimum wage announced two days ago.
 
Teachta O’Reilly said:
 
“Yesterday the Central Statistics Office (CSO) released Consumer Price Index (CPI) figures for annualised inflation this year.
 
“CPI measures the overall change in the prices of goods and services that people typically buy over time. It does this by collecting over 50,000 prices every month and comparing these to the corresponding prices from the previous month.
 
“The data shows that annualised inflation up to September 2022 was 3.7%. 
 
“This is a significant increase which means the prices people pay for goods and services has risen significantly.
 
“By comparison, the increase in the minimum wage announced on Tuesday was from €10.20 to €10.50, an increase of 2.9%.
 
“Therefore, the increase in the minimum wage has not kept pace with inflation, with a deficit of 0.8%. 
 
“The only way to overcome the hardship this situation represents for workers is the introduction of a living wage to ensure workers can meet their needs and afford an acceptable standard of living.”

Follow us online

Latest Tweets

I was honoured to attend the opening of a new parkway in Lower Shankill.

This bright new space will be a key asset to the local community, providing families and young people with a place to play, socialise and enjoy. 1/3

Government and Regulator must get to grips with Ireland’s soaring network costs that put upward pressure on electricity bills from October 1st - Darren O’Rourke TD and Senator Lynn Boylan

https://vote.sinnfein.ie/government-and-regulator-must-get-to-grips-with-irelands-soaring-network-costs-darren-orourke-td-and-senator-lynn-boylan/

@orourke_darren @LNBDublin

Archibald calls on Department of Health to continue Women’s Aid funding https://vote.sinnfein.ie/archibald-calls-on-department-of-health-to-continue-womens-aid-funding/ @CArchibald_SF

The longer Fianna Fáil and Fine Gael are in government the worse the housing crisis gets – record child homelessness, record high rents, rising house prices and families under increasing pressure from rising mortgage interest rates. @EOBroin

#HousingCrisis

Load More