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Agricultural Price Indices February 2022

Agricultural input price index shows fertiliser prices up more than 134% in the year to February 2022

Online ISSN: 2009-5163

CSO statistical release, 12 April 2022, 11am

Key Findings

Agricultural input price index up by over 28% in the year from February 2021.
Agricultural output price index up by just over 19% in the year from February 2021.
The annual terms of trade was down 7.1%.
On a monthly basis, the agricultural output price index is up by almost 3% when compared with January 2022.
The agricultural input price index is also up almost 3% in the same time period.
The monthly terms of trade remained the same in the month of February 2022.

Statistician's Comment

The Central Statistics Office (CSO) has today (12 April 2022) released Agricultural Price Indices February 2022.

Commenting on the release, Anthony Dawson, Statistician, said: "Today's release details price indices for February 2022. The most significant change is in the price of fertilisers where the price index is up 7.5% in the month from January 2022 and has increased by more than 134% in the year from February 2021. This trend of input price increases is also seen in energy and feed prices which are up 33.3% and 19.3% respectively in the year.

Increases can also been seen in the output price sub indices where the monthly price of milk has risen by 4.9% in the month from January 2022 and is up 28% in the year while cattle prices are up more than 18% annually.

More generally, the monthly agricultural output and input price indices were both up by 2.9% in the month from January 2022 to February 2022. A more detailed look at the monthly output sub-indices shows increases in cattle prices (+3%), while the monthly input sub-indices saw a growth in energy prices (+4%) and feed prices (+2.3%). As a result, there was no change in the terms of trade for February 2022.

Annually, the agricultural output prices index is up 19.2% while the input price index is up 28.3%. The resulting annual change in the terms of trade was down 7.1%."

Agricultural Price Indices - February 2020
	Output	Input	Terms of Trade
	Base year 2015=100
February 2021	108.5	104.8	103.5
January 2022	125.6	130.7	96.1
February 2022	129.3	134.5	96.1
Monthly % Change	2.9%	2.9%	0.0%
Annual % Change	19.2%	28.3%	-7.1%

Open in Excel: P-ALP2022M02 Headline Table (XLS 9KB)

	Total outputs	Total inputs
Jan 2019	104.101	105.654
Feb 2019	104.274	105.649
Mar 2019	103.945	105.929
Apr 2019	104.302	106.033
May 2019	107.743	105.774
Jun 2019	107.416	105.489
Jul 2019	102.366	105.173
Aug 2019	97.619	104.931
Sep 2019	99.458	104.454
Oct 2019	100.807	104.264
Nov 2019	101.401	103.66
Dec 2019	103.969	103.481
Jan 2020	105.565	104.307
Feb 2020	106.971	102.954
Mar 2020	103.906	102.481
Apr 2020	100.15	101.965
May 2020	102.35	101.575
Jun 2020	102.853	101.768
Jul 2020	104.228	101.815
Aug 2020	103.694	101.728
Sep 2020	105.292	101.44
Oct 2020	105.112	101.709
Nov 2020	104.791	102.156
Dec 2020	105.91	102.424
Jan 2021	106.502	103.407
Feb 2021	108.461	104.843
Mar 2021	111.102	106.397
Apr 2021	113.791	107.715
May 2021	116.124	109.121
Jun 2021	116.499	110.247
Jul 2021	115.991	111.187
Aug 2021	116.471	111.983
Sep 2021	119.413	113.561
Oct 2021	119.927	117.724
Nov 2021	119.846	119.43
Dec 2021	124.576	123.849
Jan 2022	125.593	130.686
Feb 2022	129.278	134.483

Table 1 Agricultural Output Price Index (excluding VAT)

Table 1 Agricultural Output Price Index (excluding VAT)
														Base Year 2015 = 100
Category	Index													Monthly Change	Annual Change
	Feb-21	Mar-21	Apr-21	May-21	Jun-21	Jul-21	Aug-21	Sep-21	Oct-21	Nov-21	Dec-21	Jan-22	Feb-22	Feb-22 / Jan-22	Feb-22 / Feb-21
	Feb-21	Mar-21	Apr-21	May-21	Jun-21	Jul-21	Aug-21	Sep-21	Oct-21	Nov-21	Dec-21	Jan-22	Feb-22	Feb-22 / Jan-22	Feb-22 / Feb-21
Agricultural Output Price Index	108.5	111.1	113.8	116.1	116.5	116.0	116.5	119.4	119.9	119.8	124.6	125.6¹	129.3	2.9%	19.2%

Crop Output	111.3	111.0	112.9	113.9	114.5	112.3	123.7	140.6	137.2	135.5	132.8	132.7¹	132.6	-0.0%	19.2%
Cereals (including seeds)	115.3	115.3	115.3	115.3	115.3	115.3	154.5	154.5	154.5	154.5	154.5	154.5	154.5	0.0%	34.0%
Vegetables	101.9	101.2	105.3	108.6	108.3	108.1	109.0	108.9	111.0	111.0	104.5	103.4¹	103.3	..	1.4%
Potatoes (including seeds)	124.6	124.6	125.9	123.4	127.9	115.4	87.3	185.4	160.9	151.0	151.0	153.0	153.0	..	22.8%

Animal Output	108.1	111.1	113.9	116.4	116.8	116.5	115.5	116.6	117.7	117.8	123.5	124.7¹	128.8	3.3%	19.2%
Animals	99.5	102.5	107.5	110.2	110.9	110.7	108.5	108.4	107.8	107.7	110.0	109.7¹	111.9	2.1%	12.4%
Cattle	96.6	98.5	103.1	105.3	107.0	109.2	107.1	107.8	107.0	106.2	108.6	111.0¹	114.3	3.0%	18.3%
Cattle excluding calves	96.8	98.7	103.2	105.4	107.0	109.2	107.0	107.5	106.8	106.2	108.6	111.2¹	114.6	3.1%	18.4%
Calves	64.7	67.4	89.6	86.6	101.6	109.5	122.6	145.5	143.8	121.6	109.0	86.2	60.1	..	-7.1%
Pigs	104.5	106.6	111.9	114.3	115.8	111.9	108.1	104.8	101.5	99.0	99.1	97.1¹	97.0	-0.1%	-7.2%
Sheep	115.5	131.2	141.8	151.8	142.8	129.3	126.4	126.7	130.9	142.2	147.5	125.2	124.0	..	7.3%
Poultry	100.5	100.5	100.6	100.8	100.3	99.2	101.0	100.3	101.0	101.2	103.9	104.4¹	104.9	0.5%	4.4%

Animal Products	121.0	124.1	123.6	125.8	125.6	125.2	126.2	129.0	132.6	133.0	143.9	147.3	154.4	4.8%	27.6%
Milk	122.1	125.3	124.8	127.0	126.7	126.2	127.3	130.2	133.9	134.3	145.5	149.0	156.3	4.9%	28.0%
Eggs	100.1	100.1	101.0	103.7	104.4	104.6	104.6	104.6	105.1	105.6	107.4	109.5	109.5	0.0%	9.3%
Wool	11.9	11.9	11.9	13.6	13.6	13.6	13.6	13.6	13.6	13.6	13.6	13.6	13.6	0.0%	13.7%
.. Comparison not valid as different basket of products are included each month.
¹ Revised

Open in Excel: P-ALP2022M02 Table 1 (XLS 13KB)

Table 2 Agricultural Input Price Index (excluding VAT)

Table 2 Agricultural Input Price Index (excluding VAT)
													Base Year 2015 = 100
Category	Index													Monthly Change	Annual Change
	Feb-21	Mar-21	Apr-21	May-21	Jun-21	Jul-21	Aug-21	Sep-21	Oct-21	Nov-21	Dec-21	Jan-22	Feb-22	Feb-22 / Jan-22	Feb-22 / Feb-21
	Feb-21	Mar-21	Apr-21	May-21	Jun-21	Jul-21	Aug-21	Sep-21	Oct-21	Nov-21	Dec-21	Jan-22	Feb-22	Feb-22 / Jan-22	Feb-22 / Feb-21
Agricultural Input Price Index	104.8	106.4	107.7	109.1	110.2	111.2	112.0	113.6	117.7	119.4	123.8	130.7	134.5	2.9%	28.3%

Seeds	100.9	110.5	110.5	110.5	110.5	110.5	110.5	110.5	112.6	112.6	112.6	112.6	112.6	0.0%	11.6%

Energy	100.5	105.4	106.7	108.7	109.9	113.2	115.1	116.5	125.0	128.8	127.4	128.9	134.0	4.0%	33.3%
Electricity	110.1	110.1	113.3	113.3	113.3	115.1	122.9	124.6	127.0	133.1	134.7	134.7	134.7	0.0%	22.4%
Motor Fuels	97.4	103.9	104.5	107.3	108.9	112.7	112.7	114.1	124.9	128.3	125.8	127.9	134.9	5.5%	38.5%
Lubricants	103.4	106.3	107.6	108.3	108.7	110.2	111.0	112.6	112.6	112.6	112.3	111.8	111.3	-0.4%	7.6%

Fertilisers	82.5	86.8	90.3	94.2	95.1	96.9	100.2	104.3	120.8	123.2	147.7	179.9	193.4	7.5%	134.4%
Straight Fertilisers	78.2	84.6	89.5	94.0	95.1	97.0	100.0	102.7	122.7	127.0	159.8	200.8	218.8	9.0%	179.7%
Compound Fertilisers	83.5	86.9	89.8	93.5	94.5	96.2	100.0	104.7	120.1	121.5	142.7	171.9	183.5	6.7%	119.7%
PK Fertilisers	90.0	92.4	94.0	95.1	96.9	97.5	104.1	108.1	120.5	124.8	137.2	160.9	179.1	11.4%	99.1%
NPK Fertilisers	83.4	86.7	89.6	93.5	94.5	96.2	99.9	104.6	120.1	121.4	142.8	172.1	183.6	6.6%	120.2%
Other Fertilisers	105.7	105.7	105.7	105.7	105.7	105.7	105.7	114.3	114.3	114.3	114.3	114.3	114.3	0.0%	8.1%

Plant Protection Products	104.1	104.4	104.8	105.1	105.1	105.3	105.3	105.3	105.3	105.3	105.3	105.3	105.3	0.0%	1.1%

Veterinary Expenses	110.3	110.3	110.3	110.3	110.3	110.3	110.3	110.3	110.3	110.3	110.3	113.4	113.4	0.0%	2.8%

Feeding Stuffs	113.7	114.1	115.7	117.3	119.3	120.2	120.3	122.4	124.1	126.1	128.4	132.6	135.7	2.3%	19.3%
Straight Feeding Stuffs	123.3	122.1	123.0	124.6	126.5	127.0	127.4	129.9	133.3	138.2	141.9	145.6	149.0	2.3%	20.9%
Compound Feeding Stuffs	113.2	113.7	115.3	116.9	118.9	119.8	119.9	122.0	123.6	125.5	127.8	132.0	135.0	2.3%	19.2%
Feeding Stuffs for Calves	114.4	115.5	116.3	117.7	117.5	120.7	120.8	122.7	124.4	126.1	127.2	131.5	134.5	2.3%	17.6%
Feeding Stuffs for Cattle excl. Calves	113.1	114.5	116.2	117.9	118.9	119.9	120.0	122.8	124.8	126.7	130.0	134.2	137.6	2.5%	21.6%
Feeding Stuffs for Pigs	119.8	116.4	118.7	120.1	125.6	126.6	126.6	129.2	130.5	134.6	136.0	140.4	144.2	2.7%	20.4%
Feeding Stuffs for Poultry	106.5	107.9	108.9	110.9	113.0	113.0	113.1	112.5	112.9	112.9	113.2	117.0	118.2	1.0%	10.9%
Other Compound Feeding Stuffs	112.0	113.3	114.7	116.1	116.9	117.8	117.8	121.0	123.3	124.3	127.1	132.0	135.4	2.5%	20.9%

Maintenance of Materials and Buildings	106.5	106.6	106.6	106.7	107.1	107.1	107.6	107.9	107.9	108.7	108.8	108.8	109.7	0.9%	3.1%
Other Goods and Services	105.5	105.7	106.2	106.0	106.5	106.4	106.2	106.2	106.8	107.4	107.6	108.1	107.8	-0.2%	2.2%
¹ Revised

Open in Excel: P-ALP2022M02 Table 2 (XLS 14KB)

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Agricultural Price Indices February 2022