22nd Jan 2025 11:17
(Alliance News) - Irish producer price index inflation sped up annually but slowed monthly in December, data published by the Central Statistics Office showed Wednesday.
The producer price index rose 3.3% in December from a year before, the pace of PPI inflation stepping up from 2.1% in November.
This was driven by a 54% on-year surge in wholesale electricity prices. For November, the CSO had reported a 19% on-year increase.
Further, producer prices for food products grew by 4.2% on-year in December, accelerated from 3.0% in November.
On a monthly basis, producer price inflation slowed to 0.6% in December from 1.9% in November.
Notably, wholesale electricity prices fell 6.2% monthly in December, compared to an 18% monthly increase in November.
By Tom Budszus, Alliance News slot editor
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