REVEALED: Popular bin collection company hits customers with almost 10% price hike

One of Ireland's most popular bin collection companies has revelaed it will be hitting customers with an almost 10% hike in prices. 

Panda Recycling will raise prices by 9%, which is more than triple the rate of inflation, according to the Irish Independent. 

It''s not the forst time the company has raised prices, with an increase happening last year and in the years before that. 

Panda has hit customers with an increase in its service charge as well as the charge per lift of general waste bins.

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No chnage to the price of compost bins will be made.

The company says that customers will be informed of price changes when they renew next. 

The half-yearly service charge will rise from €70 to €75, an increase of 7.14pc, while charges for the general waste bin are increasing from €13.50 per lift to €14.75, an increase of 9.26pc.

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Those figures only apply to customers in the Fingal area of Dublin, with everyone else not yet having been informed of changes. 

"The change in pricing reflects increases in a range of costs that have affected the business over the past 12 months. These include increased labour costs due to the higher minimum wage and the cost of auto-enrolment pensions. The industry is also facing increased recycling and waste disposal charges, which have also contributed to total costs," Panda said in a statement.