Dr Martin Daly TDMiddle income earners facing "cost-of-living squeeze", warns DalyRoscommon-Galway Fianna Fáil TD, Dr Martin Daly TD, has warned that middle-income households are facing an intensifying cost-of-living squeeze, with rising global energy prices set to drive a further wave of inflation across food, transport and everyday essentials. When energy prices rise, they affect everything, from transport and production to food prices and household bills," Dr Daly said. Dr Daly said the situation is being driven by instability in global energy markets linked to the conflict in the Middle East and disruption to key supply routes. That is how energy inflation becomes food inflation, and ultimately a higher cost of living for every household," Dr Daly continued. “With global energy markets under pressure and uncertainty increasing, there is a real risk that the cost-of-living challenge will intensify again.

Source: Irish Independent April 08, 2026 03:23 UTC