Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Ireland’s wholesale prices increased in January, with electricity costs rising sharply on both a monthly and annual basis, according to data from the Central Statistics Office on Friday.
The wholesale price index edged up 0.1% in January from December, with prices 2.1% higher compared to a year earlier.
Wholesale electricity prices surged over 22% in January from the prior month and were about 68% higher than in January 2024. Despite the annual increase, prices remained 57% below their peak in August 2022.
Producer prices for manufactured goods sold domestically rose 1.4% year-on-year in January, while export producer prices increased 2.1%. Overall, manufacturing producer prices were 2.1% higher than a year earlier, slowed from an increase of 3.3% in December.
Food product prices rose 7.6% on an annual basis, with dairy products seeing the largest gain at around 19%. Other notable increases were recorded in meat & meat products (+4.1%) and other food products (+8.6%), while grain milling, starches & animal feeds declined 2.9%.
Wholesale construction product prices rose 1.3% year-on-year, with increases in concrete blocks & bricks (+8.0%) and cement (+5.7%), while reinforcing metal fell 8.8%.
Copyright 2025 Alliance News Ltd. All Rights reserved.