New figures from the Central Statistics Office show that the Agricultural Output Price Index was up 24.2% in the 12 months to January while the Agricultural Input Price Index rose by 20.6%.
On a monthly basis, the Agricultural Output Price Index decreased by 3.6% when compared with December 2022, while the Agricultural Input Price Index was down just 0.1% on December.
Today's CSO figures show that the most significant annual output price increases were seen in cereal prices, which jumped by 47.5% while pig prices rose by 43.3%.
Milk prices were up 29.5% and cattle prices increased by 19.7% over the last 12 months, the CSO added.
Meanwhile, input price increases were recorded in fertiliser prices, which rose by 29%, while feed prices grew by 27.7% and energy prices were 24.1% higher in January of this year on the same month last year.
Both indices had been rising steadily through the first half of 2021, but rose more sharply from the start of 2022 before levelling off somewhat since the middle of last year.
