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Irish wholesale prices rise in September, slowing annual deflation

31st Oct 2024 11:23

(Alliance News) - Wholesale prices in Ireland saw a slight month-on-month increase in September, slowing their annual decline, data published by the Central Statistics Office showed on Thursday.

Wholesale prices declined 1.6% on-year in September, slowing from 1.7% annual fall in August.

On a monthly basis, overall wholesale prices grew 0.2% in September from August, after a fall of 4.3% in August from July.

Wholesale electricity prices were 1.0% higher on-year in September, having fallen by 5.6% in August.

This was as wholesale electricity prices rose 12% in September from August, after a 9.5% decrease in August from July.

However, wholesale electricity prices were 71% lower than the peak hit in August 2022, the CSO noted.

By Emily Parsons, Alliance News reporter

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Copyright 2024 Alliance News Ltd. All Rights Reserved.

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