The Finance Minister says he believes the cost of living crisis will ease this year.

Households across the country have seen dramatic increases in their everyday living costs in the last two years.

Although energy prices have started to come down, as have prices for other goods such as groceries with a number of supermarkets announcing cuts in recent days.

Minister Michael McGrath says he cannot be certain, but he is hopeful that cost of living will come down for people in 2024.