21st Mar 2025 11:25
(Alliance News) - Irish producer prices declined both monthly and annually last month, numbers on Friday showed.
According to the Central Statistics Office, producer prices fell 0.5% on-year in February, the first annual decline since October. Prices had risen 2.1% annually in January.
On a monthly basis, prices declined 0.9%. They had edged up 0.1% in January from December.
"Producer prices for products sold on the domestic market were 1.0% higher in February 2025 compared with February 2024. In the 12 months to February 2025, export producer prices fell by 0.5%," CSO analyst Deirdre Toher said.
By Eric Cunha, Alliance News news editor
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