Wholesale prices in Ireland fell 5.9 percent year-on-year in July of 2019, below a 6.8 percent decline in the previous month. Cost dropped at a softer pace for chemicals & chemical products (-0.4 percent from -0.5 percent in June) and motor vehicles, trailers & semi-trailers (-2.5 percent from -2.6 percent). On the other hand, prices fell further for basic metals (-4.5 percent from -3.1 percent) and printing & reproduction of recorded media (-0.5 percent from -0.2 percent). Meantime, food products prices rose further (4 percent from 2.6 percent). On a monthly basis, wholesale prices decreased 0.7 percent, following a 0.3 percent fall in June. Producer Prices Change in Ireland averaged 3.06 percent from 1976 until 2019, reaching an all time high of 22.13 percent in January of 1977 and a record low of -10.61 percent in June of 2003.
Producer Prices Change in Ireland is expected to be -0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Ireland to stand at 1.50 in 12 months time. In the long-term, the Ireland Wholesale Prices Change is projected to trend around 1.70 percent in 2020, according to our econometric models.