Many Irish households have been left reeling in recent months amid the soaring cost of living and rising inflation.
Energy, electricity, fuel and food prices have all been on the rise, meaning people's pockets are becoming increasingly lighter at the end of each month.
The latest analysis released on Wednesday shows that inflation could peak at 8.5% this summer.
READ MORE: Bord Gais Energy customers to see huge annual increase even if usage cut to zero
According to the ESRI, inflation will eventually average at 6.7% for the year which represents the highest annual rate since 1984.
People have been noticing this surge reflected in their bills, with many seeing a stark difference in recent months compared to the past few years.
Bord Gais became the most recent supplier to announce it will be rising prices for electricity and gas customers.
From April 15, the average electricity bill will go up by 27% and the average gas bill will go up by 39%.
The announcement left customers of other suppliers questioning whether they can expect similar increases.
In response to queries from the Irish Mirror, three energy suppliers provided updates on whether they are planning to raise prices.
SSE Airtricity, Flogas and Pinergy said they were keeping prices under review but they are dependent on the current "volatile" market forces.
A spokesperson for Flogas said: "Flogas is keeping prices under review, but like all the other energy companies, Flogas is dependent upon outside market forces that include the rising global wholesale energy costs and general market volatility highlighted in recent times.
"Flogas is keenly aware of how increased energy costs have affected our customers and we have put supports and plans in place for vulnerable customers and others who may need it."
A statement from SSE Airtricity said: "As part of regular business operations, SSE Airtricity keeps its prices under constant review."
While a spokesperson from Pigergy said that the wholesale energy markets are "volatile" at the moment, with consumers now seeing further price increases in light of recent announcements from both Bord Gais and PrepayPower.
Pinergy is keeping its prices "under constant review" but does not have any announcements to make about changes at present.
READ MORE: Would Ireland be able to survive a world war or collapse of civilisation? Expert explains if country would be doomed
READ MORE: Taoiseach warns Government can only do so much to help spiralling energy costs
Get breaking news to your inbox by signing up to our newsletter.