An Ennis political economist has claimed that consumers will see an increase in buying power this year and into 2025.
The Economic and Social Research Institute is predicting earnings should rise by more than 4% this year and almost 5% next year while inflation is forecasted to fall to 2.3% this year and 1.9% in 2025.
As a result The ESRI is forecasting an increase in workers earnings of 2.2% in 2024 and 3.1% next year.
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Ennis native and Assistant Professor of Social Policy at UCD, Dr Micheál Collins says although its a modest increase, its a big difference to what has been experienced by consumers in recent years.
You can listen to the full interview here:
