Why is Ireland such a high-cost country?

In Ireland, the price level of consumer goods and services are 40% above the EU average. Why is this the case?

Our high prices are almost entirely due to the high cost of services (which includes renting a home) rather than goods (figure below). The price of goods in Ireland is largely in line with other European countries, with the exception of alcohol and tobacco. Since 2003, goods prices have improved …

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