The Agricultural Output Price Index for May 2026 decreased by 1.2% in the month since April 2026 while the Output Price Index fell slightly by 0.3%.
In the 12 months to May 2026, the Agricultural Output Price Index decreased by 14.9% while the Agricultural Input Price Index rose by 8.0%.
The most significant Output Price reductions in the 12 months to May 2026 were in Milk (-23.7%), Pigs (-17.7%), and Cattle (-11.5%), while Wool (+175.5%), Eggs (+12.6%), Sheep (+11.4%), and Poultry (+5.5%) were all up.
Over the 12 months to May 2026, increases in Input Prices were recorded for Motor Fuels (+33.3%), Fertilisers (+22.7%) and Veterinary Expenses (+7.1%).
Terms of Trade fell marginally by 0.9% in May 2026 when compared with April 2026 and was 21.2% lower when compared with May 2025.
| Agricultural Price Indices - May 2026 | |||
| Output | Input | Terms of Trade | |
| Base year 2020=100 | |||
| May 2025 | 170.2 | 128.0 | 132.9 |
| April 2026 | 146.6 | 138.6 | 105.7 |
| May 2026 | 144.9 | 138.3 | 104.8 |
| Monthly % Change | -1.2% | -0.3% | -0.9% |
| Annual % Change | -14.9% | 8.0% | -21.2% |
The overall monthly Agricultural Output and Input Price Indices are presented in Figure 1. Table 1 and Table 2 contain detailed indices listed from May 2025 to May 2026.
Figure 2 displays a selection of input price indices from May 2025 to May 2026.
Figure 3 shows the main components of the output price index of agricultural products from May 2025 to May 2026.
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Statistician's Comment
The Central Statistics Office (CSO) has today (15 July 2026) published Agricultural Price Indices May 2026. Commenting on the release, Cian O'Riordan, Statistician in the Agriculture Division, said: "In May 2026, the Agricultural Input Price Index decreased by 0.3% when compared with the previous month. This can be largely attributed to a decrease in the Motor Fuels Index (-10.5%). The Agricultural Output Price Index fell by 1.2% when compared with the previous month.
Compared with May 2025, the Output Price Index decreased by 14.9% while the Input Price Index rose by 8.0%. The most significant changes in the output price indices in the 12 months to May 2026 were in Milk (-23.7%) and Pigs (-17.7%), while the largest changes in input price indices when compared with May 2025 were in Motor Fuels (+33.3%) and Fertilisers (+22.7%).”