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Prices

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This chapter contains the principal price indices (annual averages) for the non-agricultural sectors and the residential property sector. The details are drawn from the monthly reports on the Consumer Price Index, EU Harmonised Index of Consumer Prices, the Wholesale Price Index and the Residential Property Price Index.

16.1 Consumer Price COICOP Division Indices      Base Mid-December 2011=100
 2004200520062007200820092010201120122013
          
01Food and Non-Alcoholic Beverages97.196.497.7100.5107.1103.398.699.8100.3101.4
02Alcoholic Beverages and Tobacco85.986.487.492.196.4102.699.999.8103.3108.7
03Clothing and Footwear141.5137.6134.9130.5124.2109.699.297.597.394.4
04Housing, Water, Electricity, Gas and Other Fuels66.373.285.0102.3112.187.588.697.297.898.5
05Furnishings, Household Equipment and Routine Household Maintenance117.4115.6114.2112.2110.4107.0102.6100.397.894.4
06Health76.881.685.287.792.996.296.8100.0100.5101.4
07Transport87.190.193.295.298.494.597.4100.7106.5105.2
08Communications95.094.894.394.895.796.297.599.898.394.7
09Recreation and Culture99.299.2100.5102.0103.4103.0101.3100.499.299.2
10Education66.170.173.577.382.087.292.793.4101.2105.9
11Restaurants and Hotels90.693.697.2101.3104.5104.4101.7101.0101.4103.4
12Miscellaneous Goods and Services81.781.582.983.785.692.293.299.2104.0106.0
 ALL ITEMS88.290.393.998.5102.497.996.999.4101.1101.6
 Of which:        
   Goods99.4100.0101.3102.4105.4100.898.699.9101.1100.2
   Services79.782.988.095.3100.195.595.699.1101.1102.8
   Energy Products62.069.875.579.086.079.286.897.1106.2106.1
   CPI excluding Mortgage Interest90.992.795.197.6100.799.598.299.6101.9102.8
   CPI excluding Energy Products91.192.695.9100.6104.399.998.199.7100.5101.0
   CPI excluding Tobacco88.991.194.899.2103.198.097.099.5101.1101.5
            
Source: CSO

Interactive table: StatBank link

 

The Consumer Price Index (CPI) is designed to measure the change in the average level of prices of goods and services bought for the purpose of consumption by all private and institutional households in Ireland and by foreign tourists while on holiday within Ireland. 

 

Over the period 2004 to 2013, the All Items CPI increased by 15.2%.  The most notable changes were increases in Education (+60.2%), Housing, Water, Electricity, Gas & Other Fuels (+48.6%), Health (+32.0%), Miscellaneous Goods & Services (+29.7%) and Alcoholic Beverages & Tobacco (+26.5%).  There were decreases in Clothing & Footwear (-33.3%) and Furnishings, Household Equipment & Routine Household Maintenance (-19.6%).  

 

The cost of Services increased by 29.0% in the period 2004 to 2013 while the corresponding rate for Goods was just 0.8%.

16.2 EU Harmonised Index of Consumer Prices - annual average rate of change   Base year 2005=100
 2004200520062007200820092010201120122013
         
Belgium1.92.52.31.84.50.02.33.42.61.2
Germany1.81.91.82.32.80.21.22.52.11.6
Estonia3.04.14.46.710.60.22.75.14.23.2
Ireland2.32.22.72.93.1-1.7-1.61.21.90.5
Greece3.03.53.33.04.21.34.73.11.0-0.9
Spain3.13.43.62.84.1-0.22.03.12.41.5
France2.31.91.91.63.20.11.72.32.21.0
Italy2.32.22.22.03.50.81.62.93.31.3
Cyprus1.92.02.22.24.40.22.63.53.10.4
Latvia6.26.96.610.115.33.3-1.24.22.30.0
Luxembourg3.23.83.02.74.10.02.83.72.91.7
Malta2.72.52.60.74.71.82.02.53.21.0
Netherlands1.41.51.71.62.21.00.92.52.82.6
Austria2.02.11.72.23.20.41.73.62.62.1
Portugal2.52.13.02.42.7-0.91.43.62.80.4
Slovenia3.72.52.53.85.50.92.12.12.81.9
Slovakia7.52.84.31.93.90.90.74.13.71.5
Finland0.10.81.31.63.91.61.73.33.22.2
Euro area12.12.22.22.13.30.31.62.72.51.4
Bulgaria6.16.07.47.612.02.53.03.42.40.4
Czech Republic2.61.62.13.06.30.61.22.13.51.4
Denmark0.91.71.91.73.61.12.22.72.40.5
Croatia2.13.03.32.75.82.21.12.23.42.3
Lithuania1.22.73.85.811.14.21.24.13.21.2
Hungary6.83.54.07.96.04.04.73.95.71.7
Poland3.62.21.32.64.24.02.73.93.70.8
Romania11.99.16.64.97.95.66.15.83.43.2
Sweden1.00.81.51.73.31.91.91.40.90.4
United Kingdom1.32.12.32.33.62.23.34.52.82.6
European Union22.02.22.22.33.71.02.13.12.61.5
           
1 From 2013, the Euro area comprises 18 member states.
2 From 2013, the European Union comprises 28 member states.
Source: Eurostat

Interactive table: StatBank link

 

The EU Harmonised Index of Consumer Prices (EU-HICP) is calculated in each member state of the European Union to allow the comparison of consumer price trends in the different member states.

 

16.2 shows the annual average percentage changes (Base: Year 2005=100) for the EU, the Euro area and the individual members states for the period 2004 to 2013.

 

In 2013, the HICP in the Euro Area increased by 1.4% and by 1.5% for the EU.  The highest rate of inflation in the EU was in Estonia and Romania, both at +3.2%.  Greece had the lowest rate of inflation in the EU in 2013 at -0.9%. In Ireland the HICP showed an annual average increase of 0.5%.  

16.3 Industrial Producer Price Indices (excluding VAT)     Base year 2010 = 100
Industrial sectorNACE Code2010201120122013
Food Products10100.0104.2108.5110.4
       Meat and meat products101100.0109.0114.6118.1
       Fish and fish products102100.0104.4108.6117.6
       Fruit and vegetables103100.099.8102.8102.6
       Vegetable and animal oils and fats104100.0136.4131.4138.2
       Dairy products105100.0110.6105.9117.4    
       Grain milling, starches and animal feeds106,109100.0107.5114.7123.3
       Bakery and farinaceous products107100.099.999.6100.5
       Other food products108100.0100.0106.4103.5
Beverages 11100.099.099.7102.5
Textiles 13100.0100.6101.9101.9
Wearing apparel 14100.0100.9102.8103.6
Leather and leather products (incl. footwear); dressing and dyeing of fur15100.0101.7104.6105.8
Wood and wood products16100.0100.0102.6104.3
Pulp, paper and paper products 17100.0101.2102.5100.7
Printing and reproduction of recorded media 18100.0101.0104.2100.9
Chemicals and chemical products20100.0101.8103.5101.1
Basic pharmaceutical products and pharmaceutical preparations21100.096.294.993.3
Rubber and plastic products 22100.0101.8103.4103.8
Other non-metallic mineral products 23100.0100.9104.5105.5
Basic metals24100.0108.6111.3108.8
Fabricated metal products, except machinery and equipment25100.0101.5102.2103.0
Computer, electronic and optical products 26100.0100.3107.2108.9
Electrical equipment 27100.0109.3107.0104.4
Machinery and Equipment n.e.c. 28100.099.1102.7103.9
Motor vehicles, trailers and semi-trailers29100.098.298.095.2
Furniture 31100.098.699.999.1
Other Manufacturing 32100.0103.3102.6103.6
      
Mining and quarrying 05-09100.0116.2121.6119.4
      
Total manufacturing industries  100.0100.5102.4102.0
Manufacturing industries (home sales) 100.0106.2109.2110.7
Manufacturing industries (export sales) 100.099.6101.3100.6
      
Total transportable goods industries  100.0100.7102.5102.1
Source: CSO

Interactive table: StatBank link

 

16.3 shows the index numbers for the Producer Price Indices and the major sectors of the manufacturing industry for the period 2010 to 2013. Increases were recorded in all but three of the published sectors over this period. The most notable increases were in Vegetable and animal oils and fats (+38.2%) and Grain milling, starches and animal feeds (+23.3%). The most notable decrease was in Basic pharmaceutical products and pharmaceutical preparations (-6.7%). Between 2010 and 2013, the index for Total manufacturing industries increased by 2.0%, while the index for Total transportable goods industries increased by 2.1%

16.4 Wholesale Price Indices (excluding VAT) for Building and Construction MaterialsBase year 2010 = 100
Materials2010201120122013
Stone, sand and gravel100.096.8104.4111.0
of which    
       Stone100.096.6105.5112.5
       Sand and gravel100.097.798.3103.1
Cement100.0100.6100.5100.5
Ready mixed mortar and concrete100.097.5101.6103.9
Concrete blocks and bricks100.099.8105.0106.6
Other concrete products100.097.399.098.6
of which    
       Precast concrete100.092.892.592.1
       Other concrete products (Excluding precast concrete)100.099.4100.7100.1
Structural steel and reinforcing metal100.0106.7106.9106.0
of which    
       Structural steel100.0103.9103.6102.7
of which    
              Fabricated metal100.0103.8103.5103.0
              Other Structural steel100.0104.7104.1100.6
       Reinforcing metal100.0111.2112.2111.3
       Other steel products100.0101.9101.2101.4
Rough timber (including plain sawn)100.0104.1105.4106.7
of which    
       Hardwood100.0107.7115.2113.2
       Other100.0103.7104.5106.0
Other timber100.0102.6103.9103.5
of which    
       Windows and doors100.0100.1100.2100.2
       Other100.0105.6108.3107.5
Bituminous macadam, asphalt and bituminous emulsions100.0111.6129.6137.8
of which     
       Bituminous macadam and asphalt100.0111.5130.0138.8
       Bituminous emulsions100.0112.6121.6117.8
Electrical fittings100.0100.1100.9102.4
of which    
       Lighting equipment100.0104.1101.5101.8
       Protection & communication equipment 100.095.694.694.7
All other materials100.0105.7107.2108.2
of which    
       Plumbing materials incl. sanitary ware100.0100.1100.499.5
       HVAC (heating & ventilation equipment) 100.099.3102.4100.1
       Insulating materials100.0109.5112.8116.8
       Pipes and fittings100.0113.8116.8118.3
of which    
              PVC100.094.095.1102.0
              Copper100.0121.4125.1124.5
       Plaster100.099.898.4100.1
       Paints, oils and varnishes100.0103.8108.6105.3
       Glass100.0102.1110.1117.6
       All other metal fittings100.0100.699.299.8
       All other products100.0104.7105.4106.3
All materials100.0102.3104.6106.0
Source: CSO    

Interactive table: StatBank link

 

16.4 shows the index numbers for Building and Construction materials. The most notable increases here were in Bituminous macadam and asphalt (+38.8%), Copper pipes and fittings (+24.5%) and Glass (+17.6%). The most notable decreases were in Precast concrete (-7.9%) and Protection and communication equipment (-5.3%). Between 2010 and 2013 the index for All materials increased by 6.0%.

16.5 Residential Property Price Index  Base January 2005=100
YearNational - All residential propertiesNational - housesNational - apartmentsNational excluding Dublin - all residential propertiesNational excluding Dublin - housesDublin - all residential propertiesDublin - housesDublin - apartments
         
2005105.6106.0102.9104.9105.4106.7107.4104.7
2006121.1121.9116.1118.4118.9126.1128.5118.7
2007130.0131.3122.1128.3129.1133.0136.0124.0
2008120.9122.7110.5120.8121.7120.7124.9110.8
200998.2101.083.0101.2102.691.695.881.9
201086.089.368.389.791.378.383.067.2
201174.177.156.878.079.566.570.656.6
201265.668.547.569.170.658.462.048.4
201367.069.750.767.468.963.467.153.2
Source: CSO

Interactive table: StatBank link

 

The Residential Property Price Index (RPPI) measures the change in the average level of prices paid for residential properties sold in Ireland.  The  index is mix-adjusted to allow for the fact that different types of property are sold in different periods.  The index comprises various sub-indices, covering properties in Dublin and outside the capital, houses and apartments.

16.5 shows the index numbers (Base: January 2005 = 100) for the RPPI and its sub-indices from 2005 to 2013.  Within this period, the overall National index peaked in 2007 and fell to its lowest level in 2012 declining by 49.5% over these five years.   The index showed its greatest annual increase between 2005 and 2006 (+14.7%) and its greatest annual fall between 2008 and 2009 (-18.8%). 

Dublin residential property prices rose faster than property prices outside the capital between 2005 and 2007.  However, Dublin residential property prices also registered a greater fall, declining 56.1% from 2007 to 2012, before recovering 8.4% of their value again in 2013.  In contrast, residential property prices outside the capital declined just 46.1% from 2007 to 2012, but fell a further 2.5% in 2013.

YearNationalExcluding DublinDublin
Jan 2005100100100
Feb 2005100.4100.1101.1
Mar 2005100.6100.3101.2
Apr 2005101.3100.9102.2
May 2005102101.5102.8
Jun 2005102.9102.6103.5
Jul 2005104.3104104.7
Aug 2005105.9105.6106.4
Sep 2005107.2106.5108.5
Oct 2005109107.9111.1
Nov 2005110108.6112.6
Dec 2005111.5110.3113.7
Jan 2006111.8110.7113.9
Feb 2006112.6111.2114.9
Mar 2006113.1111.6116
Apr 2006114.6112.7117.9
May 2006116.8114.7120.5
Jun 2006119116.4123.6
Jul 2006121.3118.1127
Aug 2006123.5119.8130.3
Sep 2006125.1121.5131.6
Oct 2006126122.5132.4
Nov 2006126.1122.9131.9
Dec 2006127.3124133.1
Jan 2007128.4125.6133.4
Feb 2007129.6126.9134.5
Mar 2007129.9127.7133.9
Apr 2007130.3128.1134
May 2007130.2128.7132.7
Jun 2007130.2128.4133.4
Jul 2007130.2128.5133.3
Aug 2007130.4128.5133.6
Sep 2007130.5128.8133.5
Oct 2007130.1128.3133.1
Nov 2007130.1128.6132.7
Dec 2007129.5128.4131.2
Jan 2008128.7128.5128.6
Feb 2008127.6127.3127.7
Mar 2008126.6126.3126.9
Apr 2008125.7124.8127.4
May 2008124.6123.3126.9
Jun 2008123.4122.1125.9
Jul 2008122.5121.4124.4
Aug 2008121.5120.8122.5
Sep 2008120.1120.2119.5
Oct 2008117.7118.4116
Nov 2008115.7117112.5
Dec 2008113.5114.7110.6
Jan 2009111.3112.7108.1
Feb 2009108.5110.4104.1
Mar 2009105.6108.2100
Apr 2009103.3106.696.1
May 2009101.1104.494.1
Jun 200999.2102.492.4
Jul 200997.5100.491.4
Aug 200996.298.790.7
Sep 200995.598.189.8
Oct 200994.497.388.2
Nov 200993.997.686.2
Dec 200992.496.284.2
Jan 201091.695.982.7
Feb 201090.194.181.8
Mar 201089.793.481.6
Apr 201089.192.981
May 20108891.880
Jun 201086.990.679.1
Jul 201085.889.278.4
Aug 201085.889.478.1
Sep 201084.988.577.1
Oct 201083.987.476.5
Nov 201083.186.775.5
Dec 201082.786.375.2
Jan 201181.885.773.9
Feb 201180.484.472.3
Mar 20117983.171
Apr 201178.28270.5
May 201177.380.370.8
Jun 201175.778.869.1
Jul 201175.177.869.1
Aug 201173.977.666.5
Sep 201172.876.865.1
Oct 201171.275.363.1
Nov 201170.174.162.2
Dec 201168.973.360.7
Jan 201267.672.858.3
Feb 201266.170.657.6
Mar 201266.170.258
Apr 201265.468.858.3
May 201265.568.958.4
Jun 201264.868.257.8
Jul 201264.968.457.6
Aug 201265.269.357.3
Sep 201265.869.258.7
Oct 201265.468.658.6
Nov 201266.168.860
Dec 201265.868.859.2
Jan 201365.467.759.5
Feb 201364.466.359.3
Mar 201364.166.158.8
Apr 201364.666.958.9
May 201364.86759.2
Jun 201365.667.560.2
Jul 201366.467.462.2
Aug 20136767.563.4
Sep 201368.267.465.9
Oct 201369.468.467.4
Nov 201369.868.468.3
Dec 20137068.568.5

 

 

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