Consumers are facing into a costly Christmas as groceries, energy bills and even pints are all rising in price.
Figures from the Central Statistics Office (CSO) show that inflation is now at its highest level in a year-and-a-half.
A survey shows that most consumers are planning to cut back on their spending this festive season as the cost-of-living crisis continues to bite.
Economist Austin Hughes joined us on The Agenda this morning to talk to us some more about this.
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