Wholesale prices in Ireland fell by 5.5% year-on-year in February 2026, following a 5.2% decline in January, marking the 13th consecutive month of deflation. The overall drop was driven by further decreases in electricity prices (-23.3%) and food products (-2.9%), with notable reductions in other food products (-6.2%), partially offset by an increase in fish and fish products (6.1%).
Manufacturing prices also declined (-5.5%), as did prices in mining and quarrying (-3.1%), beverages (-4.4%), and basic metals (-3.3%). In contrast, significant price growth was recorded in chemicals and chemical products (21%), alongside more moderate increases in fabricated metal products, except machinery and equipment (3.7%), and other non-metallic mineral products (3.5%). Construction products also became more expensive, rising by 1.8%.
On a monthly basis, wholesale prices decreased by 1.1% in February, reversing the 1.4% increase recorded in the previous month.