Ireland Wholesale Price Inflation Rises To 3.3%
Ireland's wholesale prices increased for the third straight month in February to the highest level in one year, data from the Central Statistics Office showed on Friday.
Output prices in the manufacturing industry rose 3.3 percent year-over-year in February, faster than the 2.2 percent increase in January.
Further, this was the quickest rate of increase since February 2023, when prices had risen 3.6 percent.
Factory gate prices for chemicals and chemical products alone grew by 22.2 percent annually in February, and those for beverages rose by 11.0 percent. Prices for fish and fish products were 7.0 percent higher.
Meanwhile, prices for dairy products plunged by 28.5 percent, and those for total food products slid by 9.3 percent.
Prices for domestic sales decreased 3.3 percent in February from a year ago, while those for the export market rose by 3.7 percent.
Data also showed that wholesale electricity prices plunged 46.8 percent annually in February, and those for construction products dropped by 0.7 percent.
On a monthly basis, wholesale prices climbed 1.1 percent versus a 1.4 percent rise in January.
Economic News
Reprinted from RTTNews,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.