Domestic producer prices for Dairy Products showed a 53.2% increase in October, according to the latest figures from the Central Statistics Office (CSO).
Aside form dairy, some other notable changes in producer prices for food products over the 12 months to September 2022 were: Fish & Fish Products rose by 21.1%, Grain Milling, Starches, & Animal Feeds were up by 14.5%, and Meat & Meat Products by 8.3%.
Commenting on the release, Jillian Delaney, statistician in the Prices Division, said, "Producer prices in several food categories were significantly higher in September 2022 compared with the same month last year.
Producer prices for food products rose by 8.9%, while the Food Products, Beverages & Tobacco index also saw an increase of 8.9%, during the period.
Prices for manufactured goods were on average 10.4% higher in September 2022 compared with a year earlier, while producer prices for exported goods increased by 5.9%.
"Outputs from Irish manufacturers also increased in price in several other categories," she noted.
Notable Changes
According to the CSO research, wholesale electricity prices were 44.9% higher than in September 2021 but were down by 26.9% since August 2022.
"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," Delaney added.
"In the month, the price index for export sales was up 1.4%, while the index for home sales was up by 0.3%."
© 2022 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. For more fresh news, click here. Click sign up to subscribe to Checkout.
