Manufacturing prices fall by 1.7% in year to June

Wednesday 23 July 2014 12.20
During the year, there were decreases in basic pharmaceutical products and pharmaceutical preparations
During the year, there were decreases in basic pharmaceutical products and pharmaceutical preparations

Annual manufacturing prices fell by 1.7% in June, according to the Wholesale Price Index released by the CSO, compared with a decrease of 3.1% in the year to May 2014.

Over the year there were decreases in basic pharmaceutical products and pharmaceutical preparations, certain food products including bread and confectionery, and computer, electronic and optical products.

In the month of June itself, monthly factory gate prices increased by 0.3%, compared with a decrease of 1.2% recorded during the same period last year. 

The most significant increases during the month were in printing and reproduction of recorded media, computer, electronic and optical products, and basic pharmaceutical products and pharmaceutical preparations. 

The price index for export sales increased by 0.3% in June, while the index for home sales increased by 0.1%.  

In the year to June, there was a decrease of 2.1% in the price index for export sales and an increase of 0.3% in respect of the price index for home sales.  

The yearly price index for mining and quarrying increased by 1.6%, while the monthly index decreased by 1.6%.  

In the building and construction sector, all materials prices increased by 1.3% in the year since June 2013, with the most notable increase in sand and gravel.

Year-on-year, the price of capital goods increased by 1.1%, while the monthly price index increased by 0.1%.  

The price of energy products decreased by 5.3% in the year since June 2013, while petroleum fuels increased by 0.7%. 

In June 2014, the monthly price index for energy products decreased by 1.1%, while petroleum fuels increased by 1.1%.