Irish annual producer price decline slows to 1.8% in May? CSO

Ireland’s annual fall in producer prices slowed in May, data published by the Central Statistics Office showed Monday.

The country’s producer price deflation decelerated to 1.8% in May from 3.6% in April.

The annual increase in wholesale electricity prices slowed to 0.8% in May from nearly 26% in April.

Monthly, producer prices rose 0.8% in May, after a decline of 1.4% in April.

Notably, the monthly fall in wholesale electricity prices slowed to 2.3% in May from nearly 16% in April.

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