The Irish Times – Business

Food Prices in Ireland at Risk of Rising ‘Dramatically’ Due to War in Gulf, Minister Warns

Irish Minister of State Thomas Byrne warned that the war in the Gulf could cause food prices to rise dramatically, adding to already higher energy costs. He indicated the government will assess support measures within the next week, focusing on vulnerable households rather than broad VAT cuts. While extending the fuel‑allowance season is under consideration, energy credits are ruled out and planned carbon‑tax hikes will proceed. The government is also reviewing fuel‑sector competition and consulting EU fiscal rules before any intervention.