Ministers have been told by the coalition leaders to come up with a list of proposals in the next fortnight to ease the pressure on households.
The Taoiseach and Tánaiste held talks with employers and unions yesterday evening.
Other measures being looked at include cutting car tax, passport fees, VAT on some bills and doubling next month's 100 euro energy credit.
Dr Seán Healy from Social Justice Ireland says ministers need to change their priorities:
"Millionaires are getting back 100 euro, the exact same amount as people who are the poorest, with due respects to them, they need they need to realize that this particular pressure that is currently being experienced by everybody is being especially badly hitting the 660,000 people who are living in poverty."
