Wholesale prices in Ireland fell 5.3% year on year in November, further deepening from 3.5% in October, the biggest year-on-year decline since July 2023. The accelerated decline was mainly driven by a sharp 6.0% drop in export producer prices and a significant 16.0% drop in wholesale electricity prices. Overall manufacturing prices also fell by 5.3 per cent, while mining and quarrying prices fell by 2.6 per cent. The decline was partially offset by a 3.0% increase in food producer prices, with dairy products, meat and fish leading the way; chemical prices surged 30.8%. Prices of construction products rose 1.0%, with the construction and construction index rising 2.0%. Looking at monthly data, wholesale prices remained flat month-on-month, with a 0.7% month-on-month increase in the previous month.

Wholesale prices in Ireland fell 5.3% year on year in November, further deepening from 3.5% in October, the biggest year-on-year decline since July 2023. The accelerated decline was mainly driven by a sharp 6.0% drop in export producer prices and a significant 16.0% drop in wholesale electricity prices. Overall manufacturing prices also fell by 5.3 per cent, while mining and quarrying prices fell by 2.6 per cent. The decline was partially offset by a 3.0% increase in food producer prices, with dairy products, meat and fish leading the way; chemical prices surged 30.8%. Prices of construction products rose 1.0%, with the construction and construction index rising 2.0%. Looking at monthly data, wholesale prices remained flat month-on-month, with a 0.7% month-on-month increase in the previous month.