Your feedback can help us improve and enhance our services to the public. Tell us what matters to you in our online Customer Satisfaction Survey.
The projected increase of 34.7% in the Input Price Index is mainly due to rises in Fertilisers (121.3%) and Energy prices (42.9%).
Estimated increases are seen in all categories of the Agricultural Input Price Index, with the lowest estimated rise of 2.8% in Veterinary Expenses.
Output Price Indices are estimated to increase by 26.4% in 2022.
The estimated increase in the Output Price Index of 26.4% is mainly due to increases in milk prices of 43.3% and cereal prices of 40.7%.
Estimated increases are seen in all categories of the Output Price Index, with the lowest rise of 1.3% in Fruit and Vegetables.
The annual Terms of Trade fell by 6.2% when compared with the year 2021.
| Agricultural Price Indices - Preliminary Estimates 2022 | |||
| Output | Input | Terms of Trade | |
| Base year 2015=100 | |||
| 2021 | 116.0 | 111.6 | 103.9 |
| 2022 | 146.7 | 150.3 | 97.5 |
| % change | 26.4% | 34.7% | -6.2% |
| Total inputs | Total outputs | |
| 2017 | 98.219 | 106.458 |
| 2018 | 102.742 | 104.424 |
| 2019 | 105.041 | 103.298 |
| 2020 | 102.194 | 103.965 |
| 2021 | 111.622 | 116.022 |
| 2022 | 150.338 | 146.652 |
| Milk | Cattle | Cereals | |
| 2022 | 43.3 | 17.6 | 40.7 |
| Feeding Stuffs | Energy | Fertilisers | |
| 2022 | 28.8 | 42.9 | 121.3 |
Learn about our data and confidentiality safeguards, and the steps we take to produce statistics that can be trusted by all.
Statistician's Comment
The Central Statistics Office (CSO) has today (3 November 2022) released Agricultural Price Indices - Preliminary Estimates 2022.
Commenting on the publication, Dr Grzegorz Głaczyński, Statistician in the Agriculture Section of the CSO said:
"Today's release details Annual Preliminary Estimates in the Agricultural Input and Output Price Indices 2022.
Preliminary estimates of the Terms of Trade show a decrease of 6.2% when compared with the previous year.
Estimations for both Input and Output Price Indices show increases when compared with 2021, 34.7% and 26.4% respectively.
The preliminary Agricultural Input Price Index grew in all categories, with significant increases in Fertilisers (121.3%) and Energy where costs increased by 42.9% when compared with 2021. The lowest rise in preliminary estimates was observed in Veterinary Expenses (2.8%).
The preliminary estimates show increases across all categories in the Output Price Indices when compared with 2021, the most notable being Milk (43.3%) and Cereals (40.7%). The smallest changes are estimated for Fruit and Vegetables (1.3%) and Sheep (2.4%)."