Wholesale prices up 0.3 per cent

Irish wholesale prices rose by 0

Irish wholesale prices rose by 0.3 per cent in June, according to new figures published by the Central Statistics Office (CSO).

This compares to a 0.8 per cent decline for the same month a year earlier.

On an annual basis, wholesale prices showed an increase of 3.2 per cent last month as against a 2 per cent increase in the year to May.

The price index for export sales in June increased by 0.6 per cent, while the index for home sales declined by 0.9 per cent.

READ MORE

In the year there was an increase of 3.4 per cent in the price index for export sales and an increase of 2 per cent for home sales.

The most significant changes recorded last month were increases in computer, electronic and optical products, which were up 1.3 per cent and basic pharmaceutical products and preparations, up 0.9 per cent. Prices for other food products, which include bread and confectionary, were up 0.7 per cent.

The biggest decreases in prices were in fish and fish products, down 3.5 per cent, dairy products, down 2.8 per cent and electrical equipment, down 1.2 per cent.

The yearly price index for mining and quarrying increased by 7.5 per cent while the monthly index decreased by 0.7 per cent, the figures show.

In the building and construction segment materials prices increased by 2.8 per cent on an annual basis with the biggest rises in stone, glass and Paints, oils and varnishes.

The CSO figures show the price of capital goods rose by 1.3 per cent, while the monthly price index showed no change.

In addition, the price of energy products increased by 0.8 per cent in the year since June 2011, while petroleum fuels were up by 2 per cent.

Charlie Taylor

Charlie Taylor

Charlie Taylor is a former Irish Times business journalist