Irish producer prices decline in September but annual deflation slows

Producer prices in Ireland fell in September after seeing no change in August, but declined at a slower pace on-year, according to data released Wednesday.

Ireland’s Central Statistics Office said producer prices decreased by 0.4% in September from August, when they had held steady from July.

Compared to a year ago, the rate of deflation slowed to 2.6% in September from 3.0% in August.

Wholesale electricity prices were 2.0% lower in September than they were the previous month, and about 16% lower on-year.

Food prices fell by 0.2% on a monthly basis, but rose 4.5% from September 2024.

The all-materials index for construction products saw a 0.5% uptick during the month, with prices rising 1.0% on-year. The building and construction index, which measures materials and wages, was up 0.2% in September and 2.0% higher than a year ago.

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