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.
Services Producer Prices were on average 2.8% lower in Quarter 1 (Q1) 2025 when compared with the same period in 2024. This marks the first time there has been a negative annual change in the current series of 2021=100.
The most notable negative change in the 12 months to Q1 2025 was in the Real Estate & Rental (-10.6%) sector. Notable increases were recorded in Employment & Human Resource Activities (+6.3%), Architecture & Engineering (+6.1%), and Security & Building (+5.8%) sectors.
Services Producer Prices recorded a quarterly decrease of 5.6% in Q1 2025, compared with a quarterly decrease of 2.1% in Q4 2024 (See Table 1).
The most notable negative changes in the 3 months to Q1 2025 were in the Real Estate & Rental (-12.3%), and Information & Communication (-5.8%) sectors. The most notable increase was recorded in Architecture & Engineering (+5.3%) (See Table 2b).
Figure 1 presents the annual change for the Services Producer Price Index (SPPI) from Q1 2023 through to Q1 2025.
| Period | Annual % change |
|---|---|
| Q1 2023 | 3.4 |
| Q2 2023 | 3.1 |
| Q3 2023 | 2.5 |
| Q4 2023 | 4.9 |
| Q1 2024 | 4.3 |
| Q2 2024 | 5.1 |
| Q3 2024 | 7.4 |
| Q4 2024 | 4.3 |
| Q1 2025 | -2.8 |
Figure 2 shows the annual price changes for several NACE sectors in Q1 2025.
| X-axis label | Annual % change |
|---|---|
| Transport | 2.9 |
| Warehousing & Transportation Support | 1.7 |
| Postal & Courier | 0.5 |
| Hospitality | 1.3 |
| Information & Communication | -2.9 |
| Legal, Accounting, Public Relations & Business Management Consultancy | 1.7 |
| Architecture & Engineering | 6.1 |
| Advertising & Other Professional Activities | 4.8 |
| Employment & Human Resource Activities | 6.3 |
| Security & Building | 5.8 |
| Travel & Office Admin | 1.1 |
| Real Estate & Rental | -10.6 |
| X-axis label | Annual % change |
|---|---|
| Freight and Removal by Road | 10.1 |
| Sea and Coastal Transport | 23.1 |
| Air Transport | 24.8 |
| Warehousing, Storage and Cargo Handling | 17 |
| Postal and Courier | 16.4 |
| Computer Programming and Consultancy | 0.7 |
| Legal, Accounting, PR and Business Consultancy | 3 |
| Architecture, Engineering and Technical Testing | -0.5 |
| Advertising, Media Rep. and Market Research | 0 |
| Employment and Human Resource Activities | 7.2 |
| Security and Investigation | 8.9 |
| Industrial and Building Cleaning | 4.8 |
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 (13 June 2025) published the Services Producer Price Index Quarter 1 (Q1) 2025.
The Services Producer Price Index (SPPI) is a business cycle indicator which provides information on the development of prices for numerous services sectors. This information is used for the analysis of inflation and its sources, but also for the deflation of value measures in the service industry (See Background Notes).
Commenting on the release, Diarmuid Martin, Statistician in the Prices Division, said: "Services Prices charged to businesses in January, February, and March (Q1) 2025 were on average 2.8% lower when compared with the same quarter in 2024 (See Table 1 & Figure 1). This marks the first time there has been a negative annual change in the current series of 2021=100. In comparison, for Q1 2024 the Services Producer Price Index reported an annual percentage change of 4.3% (See Table 1).
A decrease of 10.6% was recorded in the Real Estate & Rental sector, however this change was contrasted with a price growth in a range of services sectors including Employment & Human Resource Activities (+6.3%), Architecture & Engineering (+6.1%), and Security & Building (+5.8%), when compared with the same quarter in 2024 (See Table 2b & Figure 2)."