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    Ireland producer prices rise in October but electricity prices tumble


    November 22, 2022 - By Eric Cunha; ericcunha@alliancenews.com

     

      (Alliance News) - Producer prices in Ireland surged last month, figures on Tuesday showed, though electricity prices fell markedly on a monthly basis.

      According to the Central Statistics Office, Ireland's producer prices rose 8.0% in October, quickening from a 6.1% hike in September.

      On a monthly basis, prices grew 2.0% in October from September. They had risen 1.4% in September from August.

      However, wholesale electricity prices dropped sharply in October, the CSO noted.

      Wholesale electricity prices fell 37% in yearly and 52% monthly.

      "Electricity costs on the wholesale market are now lower than any time during the past 12 months," CSO analyst Jillian Delaney said.

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