Firms have a year to put the revised code in place, and so the provisions will apply for the public from March 2026.

A total of 22,347 people contacted the Competition and Consumer Protection Commission between January and June.

Almost four in 10 (39 per cent) of adults in Ireland believe that their financial situation has worsened in the last year, according to the research

Overall consumer prices in Ireland were 46 per cent above the EU average in 2022

The EY Future Consumer Index found 94 per cent of global respondents are concerned about rising living costs

Prices have been increasing since April 2021 with rises of at least 5 per cent recorded for 17 straight months, CSO figures showed

The Credit Union Consumer Sentiment index rose to 55.6 in February

Grocery inflation in Ireland is also set to hit a record high of 12.4 per cent with 32 per cent of shoppers in the country admitting they are ‘struggling’ to make ends meet.