Manufacturing prices rise in July

Irish manufacturing prices rose by 0.7 per cent in July, according to the Central Statistics Office, but were 0.2 per cent lower than a year ago.

Factory gate prices - which measure the price of goods charged for by manufacturers, excluding transport costs – fell 0.2 per cent in the 12 months to July.

In the month of July, the most significant changes were increases in dairy products (up 2.9 per cent), and computer, electronic and optical products (up 1.6 per cent).

On an annualised basis, the biggest price increases were seen in dairy products (up 17.5 per cent); meat (up 3.5 per cent) and computer, electronic and optical products (up 1.9 per cent).

Chemicals and chemical products fell 5.7 per cent on a year-on-year basis, while other food products including bread and confectionary were down 4.8 per cent.

The yearly price index for mining and quarrying increased by 3.2 per cent while the monthly index increased by 2.5 per cent.

The price of energy products decreased by 0.5 per cent in the year since July 2012, while petroleum fuels decreased by 1.5 per cent.