Manufacturing prices rise 0.3% in June as export sales increase

Lates CSO figures give mixed picture of industrial inflation

Prices paid for goods leaving Irish factories rose by 0.3 per cent last month, figures from the Central Statistics Office (CSO) show.

However, on an monthly basis, manufacturing prices fell by 1.7 per cent in June, compared with an increase of 3.1 per cent in the year to May.

The price index for export sales increased by 0.3 per cent in June, while the index for home sales increased by 0.1 per cent.

On a yearly basis, there was a decrease of 2.1 per cent in the price index for export sales - which is heavily influenced by currency fluctuations - and an increase of 0.3 per cent in respect of the price index for home sales.

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According to the CSO, the most significant changes in June were increases in printing and reproduction of recorded media (+1.4 per cent), computer, electronic and optical products (+0.6 per cent) and basic pharmaceutical products and pharmaceutical preparations (+0.5 per cent).

On the downside, there were decreases in dairy products (-0.5 per cent), meat and meat products (-0.3 per cent) and other manufacturing including medical and dental supplies (-0.1 per cent).

Contributing to the annual change were increases in wood and wood products (+8.3 per cent), dairy products (+7.8 per cent) and other manufacturing including medical and dental supplies (+1.2 per cent).

There were, however, decreases in basic pharmaceutical products and pharmaceutical preparations (-4.9 per cent), other food products including bread and confectionery (-2.9 per cent) and computer, electronic and optical products (-0.2 per cent).