Wholesale prices in Ireland rose 2.1% in November, driven by a surge in electricity costs.

Wholesale prices in Ireland rose by 2.1% in November, ending a four-month decline, with electricity prices surging 18.9%. Despite this, electricity prices are 62.3% lower than their August 2022 peak, contributing to a drop in inflation to 1%. Food product prices increased 3.0%, driven by higher dairy costs, while prices for chemicals fell 13.4%.

3 months ago
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