Annualised manufacturing prices in Ireland reach 7.3 percent
Conor Trindle
23 Jun 2022, 06:28 GMT+10
- Monthly factory gate prices in Ireland increased by 0.5% last month, the CSO said Wednesday.
- In the month, the price index for export sales increased 0.3%, while the index for home sales increased 1.5%. .
- In the year there was an increase of 7.2% in the price index for export sales.
DUBLIN, Ireland - Monthly factory gate prices in Ireland increased by 0.5% last month, the CSO said Wednesday. This compares to a decrease of 1.5% for May of last year. The annual percentage change showed an increase of 7.3% in May 2022, compared to an increase of 5.2% in the year to April 2022.
In the month, the price index for export sales increased 0.3%, while the index for home sales increased 1.5%.
In the year there was an increase of 7.2% in the price index for export sales (this can be influenced by currency fluctuations) and an increase of 7.9% in respect of the price index for home sales.
Wholesale energy product prices decreased by 28.5% compared to April 2022, mainly driven by the decrease in wholesale electricity prices.
Subscribe and Follow
Get a daily dose of Dublin News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Dublin News.
More Information
15
℃
IKEA says store inventories return to pre-Covid levels
DELFT, Netherlands: IKEA officials said this week that the furniture retailer's warehouses in Europe are as full as they were ...
21 percent six-month loss strips S&P 500 of $8 trillion in value
NEW YORK CITY, New York: After the first six months of 2022, the S&P 500 recorded a loss of 20.6 ...
Washington reports US economy falls 1.6 percent in Q1 2022
WASHINGTON D.C.: Due to the record high trade deficit and a resurgence in COVID-19 infections that curbed spending on services, ...
Chip design center to be built by MediaTek, Indiana Purdue University
TAIPEI, Taiwan: The world's fourth largest chip designer by revenue, Taiwan's MediaTek, has told Reuters that it plans to create ...
Stock markets in U.S. revive after sharp sell-off, dollar forges ahead
NEW YORK, New York - U.S. stocks rebounded on Friday, a day after major across-the-board sell-offs."Consensus estimates for 2022 and ...
Swiss pharma Novartis to cut 7.4% of global workforce
GENEVA, Switzerland: Swiss pharmaceutical group Novartis has said, as part of its previously announced restructuring program, that it could cut ...
US sanctions causes 90 percent drop in chips sent to Russia
WASHINGTON D.C.: U.S. Commerce Secretary Gina Raimondo has said that since the U.S. and its allies imposed sanctions on Moscow ...
Brexit seen as driving force behind Scotland independence vote
LONDON, England: A second referendum on Scottish independence is set to be held in October 2023. The Scottish government, led ...
Unable to staff airports, Germany to bring in foreign workers
BERLIN, Germany: A German Interior Ministry spokesperson has said that in a bid to relieve airports overwhelmed by staff shortages ...
France expects to reopen coal-fired power plant in Lorraine
PARIS, France: In a written statement made this week confirming a report from broadcaster RTL, France's energy ministry said the ...
Watford FC bans Qatar friendly due to fans' human rights concerns
WATFORD, UK: Watford F.C. has cancelled a friendly match against the Qatar national team due to the Gulf country's human ...
Indonesian president seeks immediate ceasefire in Ukraine
JAKARTA, Indonesia: Indonesian President Joko Widodo has said that he will urge his Russian and Ukrainian counterparts to open peace ...
