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Prices

+59.6%
The price increase of a packet of 20 cigarettes between 2010 and 2020

This chapter contains annual averages from the monthly Consumer Price Index and the Wholesale Price Index reports. We have also included data on the National Average Price (NAP) for some of the items in the CPI basket of goods and services.

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 in Ireland. 

GoodsServicesAll Items
2003108.570.285.2
2004109.572.687.1
2005110.375.489.2
2006111.780.192.7
2007112.986.897.3
2008116.291.1101.2
2009111.186.996.7
2010108.78795.8
2011110.190.298.3
2012111.59299.9
2013110.493.6100.4
2014108.195.5100.6
2015104.197.7100.3
201610199.9100.3
201798.9102100.7
201898.2103.4101.2
201997.1105.9102.1
202095107101.8

Figure 20.1 shows the annual average indices (Base: Dec 2016=100) for All Items, Goods and Services for the period 2003 to 2020. Over the period 2003 to 2020, the CPI All Items increased by 19.5%. During this period, the cost of Services increased by 52.4% and the rate for Goods decreased by 12.4%.

Every month, the CSO publishes a national average price (NAP) for some of the items in the CPI basket of goods and services.  Figures 20.2 and 20.3 show the annual national average prices for some of these items for the period 2010 to 2020. 

20102011201220132014201520162017201820192020
Potatoes 2.5KG3.263253.1833.387253.8313.0722.9453.1573.181753.308166666666673.643.56
Brown sliced pan 800g1.650166666666671.7151.523251.547751.5171.354583333333331.357751.390333333333331.395751.461.46
Milk - full fat 2 litres1.795166666666671.8261.772251.801833333333331.7451.720583333333331.705416666666671.694751.698751.691.69
Stout draught - bar 1 pt3.956333333333333.9523.99554.183666666666674.2984.3084.331583333333334.432333333333334.5494.654.8
Petrol unleaded 1 litre1.314251.4941.631416666666671.581251.5251.3691.280583333333331.363916666666671.431916666666671.421.37
Diesel 1 litre1.231666666666671.431.562333333333331.505751.4481.260166666666671.1461.249916666666671.335333333333331.335333333333331.27

It can be seen from Figure 20.2 that in the ten-year period from 2010 to 2020, the national average price for unleaded petrol increased by 4.6%, from €1.31 to €1.37 per litre, peaking in 2012 at €1.63 per litre. The corresponding national average price for diesel increased by 3.3%, from €1.23 to €1.27 per litre, also peaking in 2012 at €1.56 per litre. In the period 2010 to 2020, the lowest national average price for both unleaded petrol and diesel in Ireland was in 2016 when they cost on average €1.28 and €1.15 per litre respectively.

The average price for a pint of stout in a bar has increased from €3.96 in 2010 to €4.80 in 2020, a rise of 21.2%.

The average price of the humble potato increased by 9.2% between 2010 and 2020 from €3.26 to €3.56 for a 2.5 kg bag. Potato prices peaked at €3.83 in 2013 and were at their lowest at €2.95 in 2015.

Visit table CPM12 on PxStat

Link to release: Consumer Price Index

20102011201220132014201520162017201820192020
Roast Beef - topside/rib 1KG10.50911.02211.838416666666712.817083333333312.94113.046108333333313.294333333333313.256083333333313.497514.1113.51
Cod Fillets 1KG15.625666666666716.11616.12215.707583333333316.09915.948583333333315.955515.998333333333316.101666666666716.2417.18
Cheddar cheese 1 KG11.4022511.57311.120511.012916666666710.98410.4962510.280759.881916666666679.829259.849.05
Whiskey - take home bottle 70cl22.644666666666722.05221.505583333333323.625333333333324.84524.9297525.281333333333324.745524.583916666666724.0825.88
Gent's dry cut12.716666666666712.27511.921666666666711.765666666666711.84611.856511.937166666666712.11512.679416666666713.6915.57
Cigarettes - filtered 20 pk8.417416666666678.5269.072759.330259.63110.092916666666710.767666666666711.431333333333312.106833333333312.8713.44

Figure 20.3 shows that the national average price of a packet of 20 cigarettes has steadily risen from €8.42 in 2010 to €13.44 in 2020, an increase of 59.6%.

The average price for a 70cl bottle of whiskey has increased from €22.64 in 2010 to €25.88 in 2020.

Visit table CPM12 on PxStat

Link to release: Consumer Price Index

Table 20.1 Industrial Producer Price Indices (excluding VAT)
     Base: Year 2015 = 100
Industrial sectorNACE Code201520162017201820192020
Food products (10)10100.099.1102.597.5101.199.2
       Meat and meat products101100.097.198.696.695.794.0
       Fish and fish products102100.0111.0116.7120.4130.6128.4
       Fruit and vegetables103100.096.492.193.896.696.1
       Vegetable and animal oils and fats104100.0100.595.693.793.993.7
       Dairy products105100.097.7117.6116.0109.4106.4
       Grain milling, starches and animal feeds106,109100.099.899.1102.9104.2103.2
       Bakery and farinaceous products107100.094.292.493.394.494.1
       Other food products108100.0100.0101.893.4100.999.1
Beverages 11100.0101.296.293.194.196.3
Tobacco products (12)12******
Textiles 13100.0100.5100.3100.7101.4107.4
Wearing apparel 14100.0100.3101.6106.5109.2109.3
Leather and leather products (incl. footwear); dressing and dyeing of fur15100.099.999.999.9100.4101.5
Wood and wood products16100.098.496.5103.2105.6104.1
Pulp, paper and paper products 17100.097.393.593.493.993.4
Printing and reproduction of recorded media 18100.097.395.096.096.496.1
Coke and refined petroleum products (19)19******
Chemicals and chemical products20100.099.098.898.798.598.5
Basic pharmaceutical products and pharmaceutical preparations21******
Rubber and plastic products 22100.097.095.096.497.496.4
Other non-metallic mineral products 23100.095.694.597.8102.9103.3
Basic metals24100.089.196.899.496.792.3
Fabricated metal products, except machinery and equipment25100.096.195.097.499.999.7
Computer, electronic and optical products 26******
Electrical equipment 27100.089.982.479.785.885.8
Machinery and equipment n.e.c. 28******
Motor vehicles, trailers and semi-trailers29100.0100.0104.3107.7104.8104.8
Furniture 31100.0102.3104.4108.8108.4109.2
Other manufacturing 32******
     
Mining and quarrying 05 - 09100.0100.1107.8104.8103.197.3
     
Total manufacturing industries  100.099.198.896.495.587.2
Manufacturing industries (home sales) 100.0100.299.398.9101.299.7
Manufacturing industries (export sales) 100.099.098.896.395.286.6
     
Total transportable goods industries  100.099.198.896.495.587.2
Source: CSO
* Data suppressed for confidentiality reasons

Table 20.1 shows the Industrial Producer Price Indices for the period 2015 to 2020. Between 2015 and 2020, the indices for Total manufacturing industries and Total transportable goods industries both decreased by 12.8%, while Manufacturing industries (export sales) decreased further, by 13.4%.

Some sub-indices in this table are suppressed to protect data confidentiality. Of the non-confidential sub-indices, the most notable decreases were in Electrical equipment (-14.2%), Basic metals (-7.7%), and Pulp, paper and paper products (-6.6%). The most notable increases over this time period were in Fish and fish products (+28.4%), Wearing apparel (+9.3%) and Furniture (+9.2%).

Between 2019 and 2020, the overall manufacturing index decreased between 2019 and 2020 by 8.7%. The largest decreases in the non-confidential producer price sub-indices were in Mining and quarrying (-5.6%), Basic metals (-4.6%) and Dairy products (-2.7%), while the largest increases were in Textiles (+5.9%), Beverages (+2.3%) and Leather and leather products (+1.1%).

Visit table WPA11 on PxStat   

Link to release: Wholesale Price Index

Table 20.2 Wholesale Price Indices (excluding VAT) for Energy Products1
Base: Year 2015 = 100
Energy productsIndex
2015 2016 2017 2018 2019 2020
Petrol100.095.8100.2103.3103.896.5
Autodiesel100.095.4100.2105.8106.397.8
Gas oil (other than autodiesel)100.093.099.2106.1105.391.1
Fuel oil100.094.8103.3110.6110.196.0
Electricity100.082.689.2117.492.869.4
       
All energy fuels2100.094.7101.9108.5108.395.6
All energy products100.086.693.4114.597.978.1
Source:CSO
1Fuels purchased by Manufacturing Industry.
2 Energy products excluding electricity.

Table 20.2 shows the index numbers for Wholesale Price Indices for Energy Products for the period 2015 to 2020. In 2020, the COVID-19 pandemic resulted in record low energy demand. This in turn meant large reductions in wholesale energy prices. The most notable decreases between 2019 and 2020 were in Electricity (-25.2%), Gas oil (other than autodiesel) (-13.5%) and Fuel oil (-12.8%). Between 2019 and 2020, the index for All energy fuels decreased by 11.7% while the index for All energy products decreased by 20.2%.

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Link to release: Wholesale Price Index

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