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CSO Releases Wholesale Price Index For September

By Dave Simpson

The Central Statistics Office (CSO) has released the Wholesale Price Index for September 2022.

Details

According to a statement published on CSO.ie, domestic producer prices for manufactured goods were 10.4% higher on average, year on year, last month, with exported-goods producer prices rising by 5.9%.

Meanwhile, food product producer prices increased by 8.9% during the 12 months to September of this year, and the Food Products, Beverages & Tobacco index experienced an 8.9% rise. Among the most notable changes in food product producer prices during the year to September 2022 were dairy products (+53.2%), fish and fish products (+21.1%), grain milling, starches and animal feeds (+14.5%), and meat and meat products (+8.3%). The most notable changes in other producer prices during the period were wood and wood products (+32.4%), other non-metallic mineral products, such as glass, ceramics, cement, concrete and stone (+21.5%), basic metals (+18.2%), and mining and quarrying (+15.2%), according to the statement published on CSO.ie.

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Additionally, the statement also noted that construction products’ wholesale prices decreased by 0.6% last month, but have increased by 16.6% during the 12 months since September of last year. Wholesale electricity prices were 44.9% higher than in September of last year, but have been down by 26.9% since August of this year.

Statement By Statistician

The statement published on CSO.ie quoted a statistician in the prices division, Jillian Delaney, as saying, “Producer prices in several food categories were significantly higher in September 2022, compared with the same month last year. Outputs from Irish manufacturers also increased in price in several other categories.

“Manufacturing factory-gate prices rose by 6.1% in the 12 months to September 2022, compared with an increase of 4.7% in the 12 months to August 2022. There was an increase in manufacturing factory-gate prices of 1.4% between August 2022 and September 2022, compared with no change for the same period last year.

“In the 12 months to September 2022, there was a rise of 10.4% in the price index for home sales, and an increase of 5.9% in the price index for export sales, which can be influenced by currency fluctuations. In the month, the price index for export sales was up 1.4%, while the index for home sales was up by 0.3%.

“The All Materials Index for construction products fell by 0.6% in the month, but has increased by 16.6% in the year.’’

Table

© 2022 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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