Factory gate prices decreased by 3.4 per cent in May compared to a decrease of 0.7 per cent for the same period last year, according to Central Statistics Office figures this morning.
As a result of the monthly fall, the annual percentage change shows a decrease of 10 per cent in May compared to a decrease of 7.5 per cent in April.
In the year, the index for export sales decreased by 12.6 per cent, while the index for home sales increased by 0.1 per cent.
Contributing to the annual change were decreases in office machinery and computers and electronics equipment while the cost of tobocco rose.