Fall in Irish producer prices accelerates in December

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Ireland’s decline in producer prices sped up in December, data published by the Central Statistics Office showed Thursday.

Irish producer prices fell 6.4% on-year in December, following a 5.3% decline in November.

Monthly, producer prices were 0.6% lower in December, after no change in November.

Notably, electricity prices were 21% lower on-year in December, sped up from a 16% fall in November. Monthly, Irish electricity prices dropped 12% in December after a 22% price jump in November.

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