Wholesale prices - or factory gate prices - increased by 0.9% in February compared to January, new figures from the Central Statistics Office show. 

On an annual basis, factory gate prices rose by 5.2% in February compared to the same time in 2014. 

The CSO said that the most significant monthly changes were increases in meat and meat products, which rose by 2.7%.

Basic pharmaceutical products and pharmaceutical preparations grew by 1.7% and computer, electronic and optical products increased by 1.5%.

February saw decreases in furniture - down 1.7% - while wood and wood products fell 1.4% and dairy products eased by 0.7% .

The CSO noted that the price of energy products decreased by 2.7% in the year since February 2014, while petroleum fuels decreased by 12.1%. 

In February 2015, the monthly price index for energy products increased by 11.7%, and petroleum fuels increased by 7.7%.  

Commenting on today's figures, Merrion economist Alan McQuaid said that the performance of the euro will be important in determining what happens to manufacturing output prices in 2015.

He predicted that the weak euro is set to push them up in the short-term.