The Central Statistics Office (CSO) released the June 2022 Wholesale Price Index on 22 July, 2022.
Commenting on the release, Jillian Delaney, Statistician in the Prices Division, said: “Prices in several food categories produced by Irish manufacturers were significantly higher in June 2022 compared to the same month last year. Some of the most notable annual increases were:
- Dairy products 49.1%
- Meat and meat products 14.5%
- Grain milling, starches and animal feeds 11.7%
- Food products 10.2%
- Food products, beverages and tobacco products 9.9%.”
Outputs from Irish manufacturers also increased in price in several other categories. Wood and wood products were 38.1% more expensive than this time last year. Basic metals were up 33.0% and Other non-metallic mineral products such as glass, ceramics, cement, concrete, and stone rose by 23.2%. Mining and quarrying prices also had a large annual increase of 23.7%.
The Producer Price Index for the Manufacturing sector was 6.2% higher in June 2022 than in the same month in 2021. Products sold on the domestic market increased by 8.0%, while exported products were 6.0% more expensive.
In the month, prices charged for Irish manufactured products on the domestic market increased by 0.6%. Manufactured products for export decreased in price by 0.1% on May 2022, while the total producer price index for manufacturing was also down 0.1%.