The government of Ireland has announced a series of measures to relieve the effects of energy price inflation that is expected to continue well into the year 2022, British public broadcaster BBC reports.
The European Commission has recently predicted the Ireland’s inflation rate to be at 4.6% in 2022 as rising prices of energy resources have affected the cost of living in the EU country.
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Irish Finance Minister Paschal Donohoe and Public Expenditure Minister Michael McGrath unveiled the package on Thursday, February 10. The coalition government had already stated it would give EUR 100 credit to pay towards electricity bills regardless of the household income.
Additionally, ministers agreed to double the energy credit and cut public transport fares by 20% from April till the end of 2022. The support package also includes measures to help those in fuel poverty and who may be struggling with bills, including medical ones. More support measures have been planned earlier in the state budget of the Republic of Ireland, BBC reports.
Ireland to relieve inflation effects with support package worth EUR 500 million
