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Business service costs creeping up

Higher fuel costs passed on to business customers
Higher fuel costs passed on to business customers

Figures from the Central Statistics Office show that the prices businesses are charged for a range of services crept up in the second quarter of this year.

The CSO's services producer price index was up 0.5% from the first three months of the year, which meant prices were 0.1% higher compared with a year earlier. That was the first annual increase in service costs since 2008.

The CSO says prices for architecture, engineering and technical testing services were down by 8.8% over the year, while prices charged for employment and human resources services dropped by almost 10%. But air transport costs for businesses jumped 10.6%, while sea transport costs were up 7.7%, mainly due to higher fuel prices being passed on.