Wholesale prices in Ireland dropped 8.4 percent year-on-year in July 2020, after falling 8.2 percent in the previous month. It was the biggest decline in wholesale prices since February 2019, mostly due to food products (-1.3 percent vs 0.4 percent in June). Also, cost continued to fall for rubber & plastic (-1.9 percent vs -1.1 percent); printing and reproduction of recorded media (-0.2 percent vs -0.1 percent); basic metals (-3.2 percent vs -4.8 percent); wood & wood products, except furniture (-1.2 percent vs -2.1 percent); other non-metallic mineral products (-1 percent vs -1.9 percent); paper (-0.6 percent, the same as in June); and electrical equipment (-0.2 percent vs -0.3 percent). On a monthly basis, wholesale prices went down 0.9 percent, following a 1.2 percent decrease in the prior month.
Producer Prices Change in Ireland averaged 2.88 percent from 1976 until 2020, 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. This page provides - Ireland Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland Wholesale Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Central Statistics Office Ireland
Producer Prices Change in Ireland is expected to be -3.80 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 1.00 in 12 months time. In the long-term, the Ireland Wholesale Prices Change is projected to trend around 1.40 percent in 2021 and 1.70 percent in 2022, according to our econometric models.