FX.co ★ Ireland Wholesale Prices Extend Downward Streak

Wholesale prices in Ireland saw a year-on-year decrease of 1.9% in March 2025, following a 0.5% decline recorded the previous month. This reduction was largely influenced by a notable drop in non-food item prices, which fell by 2.9% compared to a 1.2% decrease in February. Specifically, there were significant declines in the prices of chemicals, which plummeted by 13.6%, and rubber, which decreased by 2.7%. Additionally, the cost increase of pulp, paper, and paper products slowed to 0.9% from 2.2%, while furniture prices rose at a reduced rate of 3.3% down from 4.1%, and mining and quarrying costs increased by 2.4% compared to 3.1% previously. Conversely, there was accelerated price growth in the sectors of fabricated metal products, excluding machinery and equipment, which rose by 3.5% compared to 1.6%, as well as in food, beverages, and tobacco, which saw a rise of 5.9% compared to 5.8% in February. On a monthly scale, wholesale prices dropped by 2.4% in March, following a 0.9% decline in the preceding month.