DUBLIN, Ireland - This Christmas shopping season, figures show that Ireland is set to pay significantly more for some products when compared to the U.K.
Marks and Spencer, which recently launched its Christmas food catalogue, has said that the 40 percent price difference for Irish shoppers is being blamed on the cost of doing business in Ireland.
According to reports, the retailer’s Christmas food catalogue is showing prices that are significantly higher than in the U.K.
Reports noted that a free-range turkey will cost around 30 percent more in Ireland, mini mince pies are a third more, while dauphinoise potatoes are 40 percent more.
The retailer also blames the price difference on issues like higher employment, rental and operational costs.
According to Kieran Rumley of Love Irish Food, many retailers aren't passing on savings that should result from a weaker pound "certainly since Brexit there is a 15-20 percent differential in currency."
He said, “To what extent are we seeing that being passed on? Certainly, there is a lag.”
A spokeswoman for Marks and Spencer said, “We work hard to ensure we offer our customers in Ireland great quality products that are competitively priced. Like any business, we have to take into consideration a number of factors specific to the Irish market when setting our prices, such as higher employment, rental and operational costs.”