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For more information on this release:
E-mail: wpi@cso.ie Tony Kelleher (+353) 21 453 5096 Chris Moriarty (+353) 21 453 5447 Deirdre Dalton (+353) 21 453 5450
For general information on CSO statistics:
information@cso.ie (+353) 21 453 5000 Visit StatCentral.ie, the portal to Ireland's official statistics On-line ISSN 2009-5198
CSO statistical release, 22 November 2017, 11am

Wholesale Price Index

October 2017

 Price index (Year ‘10=100)% monthly change% annual change
Aug 2017102.4-1.1%-2.4%
Sep 2017101.9-0.5%-2.7%
Oct 2017103.21.3%-2.3%

Annual Manufacturing Prices decrease by 2.3% in October

Figure 1: Manufacturing Industries Output Price Index
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Monthly factory gate prices increased by 1.3% in October 2017. This compares to an increase of 0.9% for October of last year. The annual percentage change showed a decrease of 2.3% in October 2017, compared to a decrease of 2.7% in the year to September 2017.  See graph across and table 1.

In the month, the price index for export sales increased by 1.2%, while the index for home sales increased by 1.5%. In the year there was a decrease of 3.3% in the price index for export sales (this can be influenced by currency fluctuations) and an increase of 4.4% in respect of the price index for home sales.  See table 2 and Figure 2.

In the month, the most significant changes were increases in Basic metals (+8.0%), Computer, electronic and optical products (+5.7%) while there were decreases in Printing and reproduction of recorded media (-4.4%), Meat and meat products (-1.0%) and Other food products including bread and confectionery (-0.4%), See tables 2 and 2A.

Contributing to the annual change were decreases in Basic pharmaceutical products and pharmaceutical preparations (-8.2%), Other manufacturing including medical and dental instruments and supplies (-5.9%) and Beverages (-2.6%) while there were increases in Dairy products (+19.1%), Meat and meat products (+3.2%) and Computer, electronic and optical products (+2.2%).  See tables 2 and 2A.

The yearly price index for Mining and quarrying increased by 6.7% while the monthly index increased by 3.6%.  See table 2.

Building and Construction All materials prices increased by 3.2% in the year since October 2016. The most notable yearly changes were increases in Glass (+21.7%), Fabricated metal (+7.6%) and Stone (+7.3%) while there was a decrease in Other concrete products excluding precast concrete (-0.8%).  See table 3.

Year on year, the price of Capital goods increased by 1.7%, while the monthly price remained the same.  See table 4.

The price of Energy products decreased by 5.1% in the year since October 2016, while Petroleum fuels increased by 1.9%. In October 2017, the monthly price index for Energy products increased by 5.3%, while Petroleum fuels increased by 0.1%.  See table 5.

HomeExport
Jan 201097.1100.2
Feb 201098.4100.6
Mar 201097.8100.1
Apr 2010100101.1
May 2010101.5100.7
Jun 201099.7100.5
Jul 2010100.1100.1
Aug 2010100.5100.2
Sep 2010101100.2
Oct 2010100.497.8
Nov 201010299.2
Dec 2010101.599
Jan 2011102.8100.1
Feb 201110499.8
Mar 2011105.299.6
Apr 2011106.998.7
May 2011108.699.8
Jun 2011106.699.2
Jul 2011106.799.1
Aug 2011106.998.6
Sep 201110799.9
Oct 2011106.199.7
Nov 2011106.8100.7
Dec 2011107100.5
Jan 2012108.3102
Feb 2012108.7101.2
Mar 2012109101.2
Apr 2012110.399.8
May 2012110.5100.5
Jun 2012109.1101.1
Jul 2012107.7102.8
Aug 2012109.3103.1
Sep 2012109.3100.5
Oct 2012109.1100.8
Nov 2012110101.6
Dec 2012109.3100.7
Jan 2013108.6100.5
Feb 2013109.6100.3
Mar 2013111.4101.1
Apr 2013110.9101.3
May 2013110.4101.9
Jun 2013110.5100.6
Jul 2013110.7101.3
Aug 2013112.2100.9
Sep 2013111.5100.7
Oct 2013110.9100.3
Nov 2013110.8100.4
Dec 2013110.698
Jan 2014110.698.4
Feb 2014110.498.3
Mar 2014110.297.5
Apr 2014110.298.2
May 2014110.798.2
Jun 2014110.898.5
Jul 2014110.998.4
Aug 2014110.698.8
Sep 2014110.5100.2
Oct 2014110.4100.8
Nov 2014108.7101.4
Dec 2014107.5101.1
Jan 2015104.7104.1
Feb 2015103.7105.4
Mar 2015106.6109.1
Apr 2015106.4109.2
May 2015106.1106.2
Jun 2015106.4106.5
Jul 2015107.8106.7
Aug 2015106.8105.7
Sep 2015104.8104.6
Oct 2015103.4104
Nov 2015103.7107.3
Dec 2015103.4106
Jan 2016102106.2
Feb 2016100.5105.5
Mar 2016100.6105.8
Apr 2016102105.1
May 2016102.7104.8
June 2016103.7105.3
July 2016103.8105.7
Aug 2016102.7105.3
Sep 2016102.7105
Oct 2016103106
Nov 2016104.5106.9
Dec 2016103.9107.6
Jan 2017105107.7
Feb 2017106107.5
Mar 2017107107.4
Apr 2017105.9106.8
May 2017107.1105.5
Jun 2017105.9104.5
July 2017105.3103.2
August 2017105.6101.9
Sep 2017105.9101.3
Oct 2017107.5102.5
Table 1 Manufacturing Industries Output Price Indices (excluding VAT)
 Base: Year 2010 as 100
PeriodManufacturing Industries Output Price Index Manufacturing Industries Output Price Index (Home Sales) Manufacturing Industries Output Price Index (Export Sales)
Price Index% Change on preceding periodAnnual % change Price Index% Change on Preceding Period Price Index% Change on Preceding Period
2010Year100.0--100.0-100.0-
2011Year100.50.50.5106.26.299.6-0.4
2012Year102.41.91.9109.22.8101.31.7
2013Year102.0-0.4-0.4110.71.4100.6-0.7
2014Year100.7-1.3-1.3110.1-0.599.2-1.4
2015Year106.15.45.4105.3-4.4106.27.1
2016Year105.4-0.7-0.7102.7-2.5105.8-0.4
           
2013Quarter 1101.9-0.3-0.5 109.90.4 100.6-0.4
 Quarter 2102.50.60.7 110.60.6 101.30.7
 Quarter 3102.4-0.1-0.6 111.50.8 101.0-0.3
 Quarter 4101.1-1.3-1.1 110.8-0.6 99.6-1.4
           
2014Quarter 199.8-1.3-2.1 110.4-0.4 98.1-1.5
 Quarter 2100.00.2-2.4 110.60.2 98.30.2
 Quarter 3100.70.7-1.7 110.70.1 99.10.8
 Quarter 4102.21.51.1 108.9-1.6 101.12.0
           
2015Quarter 1106.03.76.2 105.0-3.6 106.25.0
 Quarter 2107.21.17.2 106.31.2 107.31.0
 Quarter 3105.8-1.35.1106.50.2105.7-1.5
 Quarter 4105.5-0.33.2103.5-2.8105.80.1
           
2016Quarter 1105.2-0.3-0.8 101.0-2.4 105.80.0
 Quarter 2104.8-0.4-2.2 102.81.8 105.1-0.7
 Quarter 3105.00.2-0.8 103.10.3 105.30.2
 Quarter 4106.41.30.9 103.80.7 106.81.4
           
2017Quarter 1107.30.82.0 106.02.1 107.50.7
 Quarter 2105.7-1.50.9 106.30.3 105.6-1.8
 Quarter 3102.6-2.9-2.3 105.6-0.7 102.1-3.3
           
2013January101.6-0.3-1.2 108.6-0.6 100.5-0.2
 February101.60.0-0.6 109.60.9 100.3-0.2
 March102.50.90.2 111.41.6 101.10.8
 April102.60.11.3 110.9-0.4 101.30.2
 May103.10.51.2110.4-0.5101.90.6
 June101.9-1.2-0.3110.50.1100.6-1.3
 July102.60.7-0.9110.70.2101.30.7
August102.4-0.2-1.4 112.21.4 100.9-0.4
September102.2-0.20.5 111.5-0.6 100.7-0.2
 October101.8-0.4-0.1110.9-0.5100.3-0.4
 November101.80.0-0.9 110.8-0.1 100.40.1
 December99.7-2.1-2.2 110.6-0.2 98.0-2.4
           
2014January100.10.4-1.5 110.60.0 98.40.4
 February99.9-0.2-1.7 110.4-0.2 98.3-0.1
March99.3-0.6-3.1110.2-0.297.5-0.8
April99.80.5-2.7110.20.098.20.7
 May99.90.1-3.1 110.70.5 98.20.0
June100.20.3-1.7110.80.198.50.3
 July100.1-0.1-2.4 110.90.1 98.4-0.1
August100.40.3-2.0110.6-0.398.80.4
 September101.61.2-0.6 110.5-0.1 100.21.4
October102.10.50.3 110.4-0.1 100.80.6
November102.40.30.6 108.7-1.5 101.40.6
 December102.0-0.42.3 107.5-1.1 101.1-0.3
  
2015January104.22.24.1 104.7-2.6 104.13.0
 February105.10.95.2 103.7-1.0 105.41.2
 March108.73.49.5 106.62.8 109.13.5
 April108.80.19.0 106.4-0.2 109.20.1
 May106.2-2.46.3 106.1-0.3 106.2-2.7
 June106.50.36.3 106.40.3 106.50.3
 July106.90.46.8 107.81.3 106.70.2
 August105.8-1.05.4 106.8-0.9 105.7-0.9
 September104.6-1.13.0 104.8-1.9 104.6-1.0
 October103.9-0.71.8 103.4-1.3 104.0-0.6
November106.92.94.4 103.70.3 107.33.2
 December105.7-1.13.6 103.4-0.3 106.0-1.2
           
2016January105.6-0.11.3 102.0-1.4 106.20.2
 February104.8-0.8-0.3 100.5-1.5 105.5-0.7
 March105.10.3-3.3 100.60.1 105.80.3
 April104.7-0.4-3.8 102.01.4 105.1-0.7
 May104.5-0.2-1.6 102.70.7 104.8-0.3
 June105.10.6-1.3 103.71.0 105.30.5
 July105.50.4-1.3 103.80.1 105.70.4
 August104.9-0.6-0.9 102.7-1.1 105.3-0.4
 September104.7-0.20.1 102.70.0 105.0-0.3
October105.60.91.6 103.00.3 106.01.0
November106.60.9-0.3 104.51.5 106.90.8
 December107.10.51.3 103.9-0.6 107.60.7
         
2017January107.30.21.6 105.01.1 107.70.1
February107.30.02.4106.01.0107.5-0.2
March107.30.02.1107.00.9107.4-0.1
 April 106.6-0.71.8 105.9-1.0 106.8-0.6
 May105.7-0.81.1 107.11.1 105.5-1.2
 June104.7-0.9-0.4 105.9-1.1 104.5-0.9
 July103.5-1.1-1.9 105.3-0.6 103.2-1.2
 August102.4-1.1-2.4 105.60.3 101.9-1.3
 September101.9-0.5-2.7 105.90.3 101.3-0.6
 October103.21.3-2.3 107.51.5 102.51.2
Table 2 Industrial Producer Price Indices (excluding VAT)
Base: Year 2010 as 100
Industrial sector         Index Monthly % Change Annual % Change
NACE code1  
Sep 2017Oct 2017 Aug 2017Sep 2017Oct 2017 Oct 2017
  
Food Products10114.1114.1 -0.90.00.0 3.9
       Meat and meat products101122.5121.3 -1.20.3-1.0 3.2
       Fish and fish products102128.9135.6 0.4-0.35.2 3.6
       Fruit and vegetables10398.598.1 -0.90.0-0.4 -3.6
       Vegetable and animal oils and fats104112.1112.1 0.0-1.20.0 2.8
       Dairy products105123.2125.1 0.70.01.5 19.1
       Grain milling, starches and animal feeds106,109111.4112.0 -0.60.60.5 0.9
       Bakery and farinaceous products107100.7100.6 -0.20.0-0.1 0.5
       Other food products108108.2107.8 -1.4-0.4-0.4 0.0
Beverages11104.8104.8 -0.40.20.0 -2.6
Textiles13103.2103.1 -0.20.2-0.1 0.3
Wearing apparel14106.2106.6 -0.10.20.4 2.2
Leather and leather products (incl. footwear); dressing and dyeing of fur15106.1106.1 -0.10.10.0 0.0
Wood and wood products16121.5121.4 -0.72.1-0.1 2.3
Pulp, paper and paper products1799.699.1 -0.60.6-0.5 0.1
Printing and reproduction of recorded media18107.5102.8 -2.02.0-4.4 -3.6
Chemicals and chemical products20101.9101.7 -0.5-0.2-0.2 -1.9
Basic pharmaceutical products and pharmaceutical preparations2188.188.8 -1.5-1.10.8 -8.2
Rubber and plastic products22102.6102.4 -0.20.3-0.2 0.2
Other non-metallic mineral products23104.8104.9 0.20.10.1 1.5
Basic metals24118.4127.9 -1.1-0.18.0 22.0
Fabricated metal products, except machinery and equipment25107.6107.1 -0.10.3-0.5 0.8
Computer, electronic and optical products26124.8131.9 -1.4-1.25.7 2.2
Electrical equipment27106.5106.3 -0.71.7-0.2 1.7
Machinery and equipment n.e.c.28109.7109.8 -0.70.00.1 0.0
Motor vehicles, trailers and semi-trailers2995.595.7 -0.5-0.20.2 1.3
Furniture 31109.2109.1 -0.63.6-0.1 2.9
Other Manufacturing32106.1106.2 0.00.00.1 -5.9
Mining and quarrying05-09122.1126.5 0.70.03.6 6.7
  
Total transportable goods industries 102.2103.5 -1.1-0.41.3 -2.1
  
Food products, Beverages and Tobacco Products10-12113.2113.1 -0.90.0-0.1 2.9
Manufacturing industries excluding Food Products  98.9100.5 -1.1-0.51.6 -3.8
Manufacturing Industries excluding Food Products, Beverages and Tobacco Products 98.6100.3 -1.1-0.61.7 -3.8
Intermediate goods industries (except energy) 110.3111.0 0.10.40.6 2.3
Capital goods industries 115.5119.8 -1.2-0.83.7 -1.2
Durable consumer goods industries 107.1107.0 -0.41.5-0.1 -0.5
Non-durable consumer goods industries 97.197.4 -1.3-0.60.3 -3.9
          
Manufacturing industries (home sales)2 105.9107.5 0.30.31.5 4.4
Manufacturing industries (export sales)2 101.3102.5 -1.3-0.61.2 -3.3
Total manufacturing industries2 101.9103.2 -1.1-0.51.3 -2.3
1 Nace Rev. 2 Statistical classification of economic activities in the European Community.
2 Excludes Mining and quarrying.
Table 2A Contribution to changes in the Manufacturing Output Price Index, October 2017 (Table 2)
Industrial sectorNACE code 1 Contribution to overall % change2
One monthTwelve months
Food Products10 -0.010.87
       Meat and meat products101 -0.060.17
       Fish and fish products102 0.030.02
       Fruit and vegetables103 0.00-0.01
       Vegetable and animal oils and fats104 0.000.00
       Dairy products105 0.060.67
       Grain milling, starches and animal feeds106,109 0.010.01
       Bakery and farinaceous products107 0.000.00
       Other food products108 -0.050.00
Beverages11 0.00-0.07
Tobacco Products12 0.000.00
Textiles13 0.000.00
Wearing apparel14 0.000.00
Leather and leather products (incl. footwear); dressing and dyeing of fur15 0.000.00
Wood and wood products16 0.000.02
Pulp, paper and paper products17 0.000.00
Printing and reproduction of recorded media18 -0.07-0.05
Coke and refined petroleum products19 0.240.25
Chemicals and chemical products20 -0.01-0.05
Basic pharmaceutical products and pharmaceutical preparations21 0.27-3.05
Rubber and plastic products22 0.000.00
Other non-metallic mineral products23 0.000.02
Basic metals24 0.070.16
Fabricated metal products, except Machinery and equipment25 -0.010.01
Computer, electronic and optical products26 0.790.30
Electrical equipment27 0.000.01
Machinery and Equipment n.e.c.28 0.000.00
Motor vehicles, trailers and semi-trailers29 0.000.01
Other transport equipment30 0.000.00
Furniture 31 0.000.01
Other Manufacturing32 0.01-0.55
Repair and Installation of machinery and equipment33 0.000.00
Mining and quarrying05-09 0.050.08
1 Nace Rev. 2 Statistical classification of economic activities in the European Community.
2 See Background Notes.
Table 3 Detailed Wholesale Price Indices (excluding VAT) for Building and Construction Materials
Base: Year 2010 as 100
MaterialsIndex Monthly % Change  Annual % Change
   
Sep 2017Oct 2017 Aug 2017Sep 2017Oct 2017  Oct 2017
   
Stone, sand and gravel160.3161.4 -2.00.30.7  6.8
       Stone156.0156.8 -2.31.20.5  7.3
       Sand and gravel183.6186.4 -0.5-3.11.5  4.9
Cement105.0105.0 0.00.00.0  4.4
Ready mixed mortar and concrete104.5103.4 0.9-0.2-1.1  1.4
Concrete blocks and bricks111.7111.1 1.80.4-0.5  0.5
Other concrete products100.3101.1 -0.40.00.8  0.8
       Precast concrete99.4101.8 0.00.02.4  6.9
       Other concrete products (Excluding precast concrete)99.199.1 -0.80.00.0  -0.8
Structural steel and reinforcing metal114.3114.8 0.40.00.4  6.5
       Structural steel117.5117.8 0.40.00.3  7.4
              Fabricated metal119.9120.2 0.00.00.3  7.6
              Other Structural steel98.9100.0 4.10.01.1  5.5
       Reinforcing metal109.1110.0 0.50.00.8  5.1
       Other steel products102.6102.6 0.00.00.0  0.2
Rough timber (including plain sawn)116.9116.9 0.33.60.0  4.3
       Hardwood145.7145.7 0.00.00.0  0.1
       Other114.2114.2 0.34.10.0  4.8
Other timber100.4100.4 0.00.00.0  1.1
       Windows and doors102.5102.6 0.00.00.1  2.1
       Other97.897.8 0.00.00.0  0.0
Bituminous macadam, asphalt and bituminous emulsions160.3154.2 0.14.8-3.8  1.3
       Bituminous macadam and asphalt163.7157.3 0.14.9-3.9  1.3
       Bituminous emulsions92.993.9 0.30.01.1  3.8
Electrical fittings109.7110.2 -0.50.50.5  1.1
       Lighting equipment116.6116.6 0.00.00.0  0.0
       Protection & communication equipment 97.497.6 -0.50.00.2  0.8
All other materials114.9115.0 0.20.00.1  3.7
       Plumbing materials incl. sanitary ware102.7102.7 0.00.00.0  0.0
       HVAC (heating & ventilation equipment) 101.8101.8 -0.10.00.0  1.6
       Insulating materials123.2123.2 0.0-1.20.0  0.0
       Pipes and fittings124.6124.7 0.60.40.1  5.6
              PVC110.1109.9 0.50.0-0.2  2.4
              Copper130.1130.4 0.60.50.2  6.6
       Plaster117.0117.0 0.3-0.10.0  6.3
       Paints, oils and varnishes105.9105.9 0.0-0.20.0  1.0
       Glass149.8149.8 0.00.00.0  21.7
       All other metal fittings106.0106.0 0.00.00.0  0.8
       All other products113.7113.9 0.00.00.2  4.1
All materials114.7114.8 0.00.30.1  3.2
Table 4 Capital Goods Price Indices (excluding VAT)
Base: Year 2010 as 100
Capital goodsIndex Monthly % Change Annual % Change
Sep 2017Oct 2017 Aug 2017Sep 2017Oct 2017  Oct 2017 
    
Transportable capital for use in          
              Agriculture112.2112.0 0.10.1-0.2  0.5 
              Industry105.7105.7 0.00.00.0  1.4 
        of which:          
              Private vehicles1103.2103.2 0.00.40.0  1.1 
              Commercial vehicles101.4101.4 0.00.00.0  0.9 
Agriculture and industry106.8106.8 0.10.00.0  1.3 
Other sectors104.9104.9 0.00.10.0  1.7 
Total transportable capital105.9105.9 0.00.10.0  1.5 
Building and construction103.8103.8 0.00.20.0  1.7 
(i.e. materials and wages)          
           
All capital goods104.1104.1 0.00.20.0  1.7 
1 Private vehicles are inclusive of VAT which is non-deductible for industry and agriculture.
Table 5 Wholesale Price Indices (excluding VAT) for Energy Products
(i.e. Fuels purchased by Manufacturing Industry)
Base: Year 2010 as 100
Energy fuelsIndex Monthly % Change Annual % Change
Sep 2017Oct 2017 Aug 2017Sep 2017Oct 2017  Oct 2017 
    
Petrol103.1102.0 0.81.0-1.1  1.4 
Autodiesel101.2101.4 1.01.60.2  1.3 
Gas oil (other than autodiesel)101.2100.6 1.23.5-0.6  1.5 
Fuel oil99.099.4 0.42.50.4  2.4 
Electricity83.290.2 5.68.28.4  -8.5 
           
Petroleum fuels1100.0100.1 0.72.40.1  1.9 
Energy products88.893.5 3.66.05.3  -5.1 
1 Energy products excluding electricity.

Background Notes

Wholesale Price Index        

The term Industrial Producer Price Index refers to a family of indices that measure the average change over time in the selling prices received by domestic producers of goods and services. The other three wholesale price index series incorporate imported and home produced goods sold by manufacturers and wholesale outlets.

Coverage

The output price indices for sectors of Manufacturing Industries cover both home sales and export sales.  The Indices for Total transportable goods industries; Food, drink and tobacco; Manufacturing industries excluding food; Manufacturing industries excluding food, drink and tobacco; Intermediate goods industries (except energy); Capital goods industries; Durable consumer goods industries; Non-durable consumer goods industries; Manufacturing industries (home sales); Manufacturing industries (export sales) and Total manufacturing industries are all calculated on a net sector basis, i.e. the weights used to combine the sectoral indices (including those for sectors not distinguished in Table 2) exclude sales to other sectors of Manufacturing Industry.

Table 2A gives the percentage contribution of each sector (including those not published on Table 2) to the overall percentage change on Table 2. The percentage contributions on Table 2A may not add up to the Total Manufacturing industries percentage change on Table 2 due to rounding and other adjustments for presentational purposes.  In comparing these contributions against these percentage changes in indices presented on Table 2 caution should be exercised as the former is calculated on a net sector basis.

The Building Materials, Capital Goods and Energy Products indices (Tables 3, 4 and 5) cover home production and imports of these commodities.  Table 3, the Wholesale Price Index for Building and Construction Materials, provides only a general indication of price trends in that sector.  Actual transaction prices are collected for materials purchased by construction and civil engineering firms. The price indices reflect an ‘average’ over a mixture of products from many companies throughout the country.  They also reflect prices for both long-term and short-term contracts and for high and low volume civil engineering works. It should be noted that long-term, high volume fixed contracts for major works might dilute in the short-term the impact of emerging price changes on the index.  Furthermore, industry sources have confirmed that price increases notified by companies may not always be achieved in practice following negotiations. Much depends on the prevailing market conditions. Therefore changes over the short-term in the indices derived from these transaction prices will not always coincide with price changes notified by companies.

Prices

All indices in the series are based on prices at the 15th of the month. Quarterly and annual indices are simple averages of the corresponding monthly indices.

Prices used in the compilation of the indices are:

  • excluding delivery charges itemised on the invoice separately
  • after discounts or surcharges are applied
  • before addition of direct subsidies
  • exclusive of VAT (except for private vehicles used in Table 4)
  • inclusive of excise duty

Every effort is made by the Wholesale Prices Section to collect all prices for the relevant month. Where this is not possible late prices are included in the following month’s calculations.

Methodology

This Wholesale Price Index series is compiled to base 2010 as 100. A methodological description of this updated series is given in the Wholesale Price Index Introduction of Updated Series base 2010 as 100.

Calculating percentage changes in the index

The movement of the output price indices is expressed as percentage change, rather than a change in index points, because index point changes are affected by the level of the index in relation to its base period, whereas percentage changes are not.

The example below illustrates the computation of a percentage change:

Percentage change calculation  
Current index  105.6
Less previous index  102.1
Equals in index points   3.5
Divided by the previous index   102.1
Equals   0.0343
Results multiplied by 100   0.0343 x 100
Equals percentage change   3.4

Alternatively, users may calculate a percentage change by dividing the current index by the previous index, multiplying by 100 and then subtracting 100.

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