Workers' Incomes Predicted To Rise This Year And Next As Wages Rise And Inflation Falls

Clare FM

It's predicted Irish workers will be seeing their incomes rise in real terms this year and in 2025. The Economic and Social Research Institute's (ESRI)’s Summer Quarterly Economic Commentary is putting this down to falling inflation and ongoing increases in wages. The ESRI is forecasting that on average earnings should rise by more than 4% this year and closer to 5% next year. But this will be offset by inflation which will drop this year to 2.3%, before decreasing further to 1.9% in 2025. To discuss this further, Alan Morrissey was joined by Dr Micheál Collins, who is an Assistant Professor of Social Policy at UCD. Photo (c) jordan_rusev from Getty via Canva.com