27th Sep 2024 11:21
(Alliance News) - Wholesale prices in Ireland declined in August, data published by the Central Statistics Office showed Friday.
Wholesale prices fell by 1.7% on-year in August, compared to a rise of 5.4% in July.
Notably, wholesale electricity prices fell by 5.6% year-on-year in August, after rising by 15% in July.
Monthly, overall wholesale prices declined by 4.3% in August after a 0.2% uptick in July.
Wholesale electricity prices contracted by 9.5% monthly in August after a 3.0% increase in July.
"Wholesale electricity prices have seen significant changes over the last two years, with prices down by 74% when compared with the peak that occurred in August 2022," the CSO highlighted.
By Tom Budszus, Alliance News slot editor
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