Ireland Wholesale Inflation Rises to Highest in 4 Years

Ireland’s wholesale prices rose 7.3% year-on-year in July 2026, accelerating sharply from a 3.5% increase in June and reaching the highest level since October 2022. Domestic prices increased 4.5%, while export producer prices rose 7.6%. The acceleration was mainly driven by higher food prices (2.7%), while additional upward pressure came from chemicals and chemical products (16.5%), other non-metallic mineral products (6.4%), electrical equipment (6.2%), basic metals (5.6%), fabricated metal products excluding machinery and equipment (4.8%), and pulp, paper and paper products (4.2%). Meanwhile, electricity price inflation accelerated to 56.2% from 42.2%, although overall energy inflation eased to 19.1% from 24.5%. On a monthly basis, wholesale prices rose 3.2%, the largest increase since November 2019, reversing a 0.2% decline in June.

Wholesale prices in Ireland rose 3.5% year-on-year in June 2026, following a 1.6% increase in the previous month and marking the highest level since March 2023. Producer prices recorded notable year-on-year increases in chemicals and chemical products (11.9%), other non-metallic mineral products (5.9%), fabricated metal products, excluding machinery and equipment (5.7%), pulp, paper and paper products (4.1%), and basic metals (3.8%). Food products also rose 2.9%, driven by fish and fish products (8.6%) and other food products (5.4%), while food products, beverages, and tobacco increased 2.4%. Moreover, energy fuels surged 24.5%, electricity prices climbed 42.2%, overall manufactured goods rose 3.5%, and construction products increased 3.1%. On a monthly basis, wholesale prices fell 0.2% in June, reversing a 0.9% increase in May and marking the first monthly decline after three consecutive months of increases.

Wholesale prices in Ireland rose 1.6% year-on-year in May 2026, following a 1.4% increase in the previous month and marking the second consecutive month of gain after fourteen months of contraction. Producer prices recorded notable increases in chemical and chemical products (11.9%), fabricated metal products excluding machinery and equipment (4.8%), other non-metallic mineral products (4.5%), and basic metals (4.2%). Food products rose 1.3%, driven by an 8.9% increase in fish and fish products, while food products, beverages, and tobacco prices increased 1% from a year earlier. Meanwhile, energy fuel costs surged 37% and wholesale electricity prices jumped 33.1%. Overall manufacturing prices rose 1.6%, while construction products increased 3.1% compared with the same month last year. On a monthly basis, wholesale prices edged up 0.9% in May from a 0.2% increase in the prior month.