Irish Independent : Independent | Slowing wage growth and rising inflation triggers decline in ‘real incomes’
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Irish families are set to feel greater financial strain because inflation is expected to outstrip wage growth this year. AIB forecasts overall wage increases of about 3.7%, while inflation is projected at roughly 4% and could climb to 6‑7% if the Strait of Hormuz remains blocked, eroding real incomes and household buying power.
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