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Major hike in bread and cereal prices-O Snodaigh

17 August, 2010 - by Aengus Ó Snodaigh TD

Sinn Fein spokesman on social protection Aengus O Snodaigh T.D. has demanded that the government act now to protect low and middle income earners who are facing a major hike in bread prices along with escalating electricity prices.

O Snodaigh said
“Russia's ban on grain exports is in effect this week and may be extended into 2011. The ban is likely to further exacerbate the soaring cost of wheat which has rocketed by around 50% since late June. The inflated costs will be passed onto consumers. According to Eurostat research published earlier this summer Ireland already has the second highest prices for bread and cereals in the EU. As it stands the price of bread here is already 50% more expensive than it is in Britain.

“Coupled with the government’s decision this month to increase electricity prices by 5% Irish consumers are coming under enormous pressure to pay even the most basic of bills. Yet just yesterday the head of the Central Bank claimed that the taxpayer bail out of Anglo Irish Bank was “costly but manageable”. This bailout is funded by the same taxpayers who are having electricity to their homes cut off at a rate of 39 homes a day.

“This government is shamefully standing by while people have their electricity shut off. I want to know now what, if anything, they will do in anticipation of a major hike in the price of bread and other staple cereals.” ENDS

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