Ireland’s current inflation rates are affecting thousands of people’s pockets across the country as prices rise.
From petrol to household fuel and grocery hikes, people have been crying out for assistance from the government.
Later today, officials will confirm what measures will be taken to support the nation in the midst of these price increases.
However, people can expect a continued rise in prices across the next few months.
Speaking on RTÉ's News at One, Professor of Agriculture and Food Economics at UCD Michael Wallace said costs have been increasing "right across the board" in the food production and processing industries.
He explained that this is due to energy prices that have led to "substantial increases" in fertiliser costs.
"We’ve seen remarkable increases in raw material costs and packaging costs, and there are also issues with labour shortages and supply chain bottlenecks in terms like availability of parts and equipment," he said.
"On top of that, we’ve been dealing with some weather-related factors which have led to some poor harvests in some of the major exporters, which have further contributed to some of the inflation we’ve seen in specific product areas.
"So those price increases are really starting now to feed through into prices that we’re seeing on supermarket shelves."
The weekly grocery shop is one area where these price changes will be extremely unwelcomed, however three products are likely to see the highest rise, and they are milk, meat and cheese.
"Some things are really going to become more evident, particularly meat prices or milk and dairy prices, because rising fertiliser and energy costs are now starting to increase production costs dramatically on farms,” Mr Wallace said.
"I think with milk production costs we’re probably looking at around 15-20% increase now coming through.”
