Tomorrow is July 1st and most of us will begin to feel a little poorer as IVA goes up, natural gas prices go up and the price of butane gas bottles also increases. Electricity prices are not going up tomorrow, but it won’t be long.
IVA
Standard rate goes from 16% to 18%, affecting everything from buying a car to buying a camera to going on holiday.
Reduced rate goes from 7% to 8%, affecting all food, non-VPO housing, transport, catering and entertainment shows.
Super rate remains at 4%, this covering such things as school books and materials, newspapers and magazines, bread, fruit, eggs and medicines.
Natural Gas
The T1 rate goers up by 7% + IVA
The T2 rate goes up by 8% + IVA
The T3 rate goes up by 9% + IVA
Butane Gas
The standard butane gas bottle will cost €12.23 + IVA