Irish wholesale prices unchanged in November; electricity jumps

Irish wholesale prices showed no month-on-month change in November, as a sharp monthly jump in electricity prices was offset by stable manufacturing prices, data from the Central Statistics Office showed on Monday.

The wholesale price index was unchanged in November compared with October, following a 0.7% increase the previous month. On an annual basis, the index was 5.3% lower, indicating continued wholesale price deflation.

Wholesale electricity prices rose 22% in November compared with October, but were still 16% lower than in November 2024. The CSO said electricity prices have fallen 68% from their peak in August 2022.

Domestic producer prices for manufactured goods were 1.1% higher than a year earlier, while prices for exported manufactured goods fell 6.0%. Overall, manufacturing producer prices were down 5.3% year-on-year.

Producer prices for food products rose 3.0% in the year to November, despite edging down 0.1% on the month. Within food, dairy products rose 11% year-on-year, meat and meat products increased 6.7%, and fish and fish products rose 5.1%.

By contrast, prices for vegetables and animal oils and fats fell 16%.

Among other categories, chemicals and chemical products recorded a 31% annual increase, while beverage prices declined 5.1% and mining and quarrying prices fell 2.6%.

Wholesale prices for construction products rose 0.1% in November and were 1.0% higher than a year earlier.

The building & construction index, which combines materials and wages, was unchanged on the month but up 2.0% year-on-year.

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