Car insurance and rent costs just keep rising

As most other prices fall...

It is becoming more and more expensive to insure a car and rent a home in Ireland, in contrast to falling prices elsewhere.

According to a new Central Statistics Office (CSO) report, these two areas continued to experience huge rises in costs for the month of March.

Car insurance shot up by 32.6% in the year to March.

The cost of private rental accommodation jumped 9.2% in the year to March.

Motor insurance hikes are being attributed to increased personal injuries awards, under-pricing by insurers and new rules on reserves, while the nation's shortage of properties continues to severely hurt renters.

Meanwhile, overall consumer prices dipped by 0.3% in the year to March.