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Factory gate prices still falling

Factory gate prices fell by 0.5% in March, according to figures from the Central Statistics Office. Wholesale prices fell by 7.1% in the year to March.

The index for export sales fell by 0.8% in March, while the home sales index rose by 0.6%.

Prices of building materials rose by 0.2% in the month, bringing the annual rate of increase to 1.3%. Prices of energy products were up 1.5% in the month and 6.6% on an annual basis. Petrol fuel prices jumped by 5.2% in the month and are now running 24% ahead of the same month last year.

But prices of radio, television and communication equipment dropped by 2.5% in March, while computer and chemical prices were also lower.