FX.co ★ Ireland Wholesale Price Deflation Slows in August

In August 2025, Ireland experienced a 3% year-on-year decline in wholesale prices, easing from the 3.5% decrease observed in the prior month. This represents the seventh straight month of deflation, albeit the mildest decline since May. The data highlights an increase in prices for food products, rising to 4.4% from 4% in July, with notable increases in the meat and meat products sector at 7.3% compared to 6.7%, and a slight rise in bakery and farinaceous products, at 0.6% versus 0.2%. The rate of price decline also slowed for the mining and quarrying sector, from -3.6% to -1.7%, and for basic metals, from -1.1% to -0.1%. In contrast, the pace of price increases for pulp, paper, and paper products moderated slightly to 0.8% from 1.1%. On a month-to-month basis, wholesale prices remained stable in August, following a 0.5% reduction from the month before.