Wholesale electricity prices decreased by 1.8% since January 2023 and were 9.2% lower in February 2023 when compared with February 2022.
Domestic producer prices for manufactured goods were on average 10.6% higher in February 2023 compared with a year earlier, while producer prices for exported goods increased by 3.1%.
Producer prices for food products rose by 6.2% in the 12 months to February 2023, while the Food Products, Beverages & Tobacco index also saw an increase of 6.2%.
Some of the most notable changes in producer prices for food products over the 12 months to February 2023 were: Dairy Products (+23.8%), Fish & Fish Products (+18.2%), Fruit & Vegetables (+18.2%) and Grain, Milling, Starches & Animal Feeds (+12.2%).
The most notable changes in other producer prices in the year were: Wood & Wood Products (+22.4%), Other Non-Metallic Mineral Products (such as glass, ceramics, cement, concrete and stone) (+12.0%), Furniture (+9.4%) and Wearing Apparel (+8.8%).
Wholesale prices for construction products increased by 0.2% in the month and by 14.7% in the 12 months since February 2022.
Notable annual increases in construction products as shown in Table 3 include:
The Building and Construction Index (i.e. Materials and Wages) increased by 1.3% in the month and rose by 9.2% in the 12 months to February 2023. This index combines the All Materials Index with a measure of the change in wages in the construction sector to provide an overall index for input construction costs. (See Table 4).
There was a decrease in the price of wholesale electricity in February 2023 with prices 1.8% lower than the previous month. The price of electricity was 9.2% lower than in February 2022. The overall Energy Products Index decreased by 1.7% since January 2023 and by 7.1% when compared with February 2022 (See Figure 3 and Table 5).
Wholesale Price Index- February 2023 | |||
Price index (Year ‘15=100) | % monthly change | % annual change | |
Dec 2022 | 85.6 | -1.3% | 2.5% |
Jan 2023 | 86.7 | 1.3% | 3.7% |
Feb 2023 | 86.7 | 0.0% | 3.6% |
Output Price Index | |
Jan 2016 | 3.3 |
Feb 2016 | 1 |
Mar 2016 | -2.2 |
Apr 2016 | -4.1 |
May 2016 | -1.2 |
Jun 2016 | -1.9 |
Jul 2016 | -1.6 |
Aug 2016 | -1.5 |
Sep 2016 | -2.4 |
Oct 2016 | 0.9 |
Nov 2016 | -1.3 |
Dec 2016 | -0.1 |
Jan 2017 | 0.6 |
Feb 2017 | 0.3 |
Mar 2017 | 3.5 |
Apr 2017 | 5.4 |
May 2017 | 4.5 |
Jun 2017 | 2.5 |
Jul 2017 | 1 |
Aug 2017 | -0.7 |
Sep 2017 | 0.8 |
Oct 2017 | -7.3 |
Nov 2017 | -9.1 |
Dec 2017 | -4.7 |
Jan 2018 | -4.4 |
Feb 2018 | -4.3 |
Mar 2018 | -6.1 |
Apr 2018 | -7.4 |
May 2018 | -5.6 |
June 2018 | -1.3 |
Jul 2018 | -1.2 |
Aug 2018 | -0.3 |
Sep 2018 | 0.3 |
Oct 2018 | 1.9 |
Nov 2018 | 3.1 |
Dec 2018 | -2.3 |
Jan 2019 | 0.1 |
Feb 2019 | 0.1 |
Mar 2019 | 0.4 |
Apr 2019 | 0.9 |
May 2019 | -0.7 |
Jun 2019 | -2.4 |
Jul 2019 | -2 |
Aug 2019 | -1.2 |
Sep 2019 | -0.7 |
Oct 2019 | -2.2 |
Nov 2019 | -1.9 |
Dec 2019 | -2 |
Jan 2020 | -4.2 |
Feb 2020 | -1.4 |
Mar 2020 | -5.4 |
Apr 2020 | -8.3 |
May 2020 | -9.3 |
Jun 2020 | -10.4 |
Jul 2020 | -10.6 |
Aug 2020 | -12.4 |
Sep 2020 | -12.4 |
Oct 2020 | -5.1 |
Nov 2020 | -10.7 |
Dec 2020 | -14.5 |
Jan 2021 | -12.6 |
Feb 2021 | -14 |
Mar 2021 | -10.1 |
Apr 2021 | -7 |
May 2021 | -7.6 |
Jun 2021 | -5.3 |
Jul 2021 | -2.1 |
Aug 2021 | -1.4 |
Sep 2021 | -1.9 |
Oct 2021 | -2.6 |
Nov 2021 | 0.2 |
Dec 2021 | 4.5 |
Jan 2022 | 3.5 |
Feb 2022 | 2.8 |
Mar 2022 | 4.4 |
Apr 2022 | 5.2 |
May 2022 | 7.3 |
Jun 2022 | 6.2 |
Jul 2022 | 6.2 |
Aug 2022 | 4.7 |
Sep 2022 | 6.1 |
Oct 2022 | 8 |
Nov 2022 | 3.8 |
Dec 2022 | 2.5 |
Jan 2023 | 3.7 |
Feb 2023 | 3.6 |
Home | Export | |
Jan 2015 | 100.2 | 96.8 |
Feb 2015 | 99.6 | 98.8 |
Mar 2015 | 99.9 | 101.1 |
Apr 2015 | 99.8 | 102.6 |
May 2015 | 100 | 100.2 |
Jun 2015 | 99.9 | 99.8 |
Jul 2015 | 100 | 99.8 |
Aug 2015 | 100.3 | 100.2 |
Sep 2015 | 100.2 | 98.9 |
Oct 2015 | 100 | 96.6 |
Nov 2015 | 100 | 102.8 |
Dec 2015 | 100 | 102.5 |
Jan 2016 | 100 | 100.2 |
Feb 2016 | 99.1 | 99.9 |
Mar 2016 | 99.5 | 98.9 |
Apr 2016 | 100.8 | 98.1 |
May 2016 | 100.9 | 98.9 |
Jun 2016 | 101 | 97.7 |
Jul 2016 | 101 | 98.1 |
Aug 2016 | 100.1 | 98.7 |
Sep 2016 | 100 | 96.4 |
Oct 2016 | 100 | 97.6 |
Nov 2016 | 100.1 | 101.5 |
Dec 2016 | 100.1 | 102.4 |
Jan 2017 | 100.4 | 100.8 |
Feb 2017 | 99.2 | 100.1 |
Mar 2017 | 99.5 | 102.6 |
Apr 2017 | 99.5 | 103.7 |
May 2017 | 99.4 | 103.7 |
Jun 2017 | 99.5 | 100.3 |
Jul 2017 | 99.6 | 99.2 |
Aug 2017 | 99.5 | 97.9 |
Sep 2017 | 99.8 | 97.2 |
Oct 2017 | 99.7 | 90.2 |
Nov 2017 | 97.7 | 91.9 |
Dec 2017 | 97.7 | 97.5 |
Jan 2018 | 98 | 96.4 |
Feb 2018 | 98.1 | 95.7 |
Mar 2018 | 98.4 | 96.1 |
Apr 2018 | 98.8 | 95.6 |
May 2018 | 98.6 | 97.7 |
Jun 2018 | 98.9 | 99 |
Jul 2018 | 99 | 98 |
Aug 2018 | 99 | 97.6 |
Sep 2018 | 99.4 | 97.5 |
Oct 2018 | 99.4 | 92 |
Nov 2018 | 99.4 | 94.9 |
Dec 2018 | 99.7 | 95.2 |
Jan 2019 | 100.6 | 96.4 |
Feb 2019 | 101.3 | 95.6 |
Mar 2019 | 101.2 | 96.4 |
Apr 2019 | 101.1 | 96.5 |
May 2019 | 101.1 | 96.8 |
Jun 2019 | 101.1 | 96.4 |
Jul 2019 | 101.3 | 95.8 |
Aug 2019 | 101.4 | 96.3 |
Sep 2019 | 101.3 | 96.8 |
Oct 2019 | 101.1 | 89.8 |
Nov 2019 | 101.3 | 93 |
Dec 2019 | 101 | 93 |
Jan 2020 | 99.7 | 92.1 |
Feb 2020 | 100 | 94.4 |
Mar 2020 | 100.1 | 91.1 |
Apr 2020 | 99.7 | 88.2 |
May 2020 | 99.6 | 87.5 |
Jun 2020 | 99.7 | 86.1 |
Jul 2020 | 99.7 | 85.2 |
Aug 2020 | 99.6 | 83.9 |
Sep 2020 | 99.9 | 84.3 |
Oct 2020 | 99.9 | 85 |
Nov 2020 | 99.5 | 82.6 |
Dec 2020 | 99.6 | 79.1 |
Jan 2021 | 100 | 79.9 |
Feb 2021 | 99.5 | 80.7 |
Mar 2021 | 99.8 | 81.4 |
Apr 2021 | 100.2 | 81.7 |
May 2021 | 100.9 | 80.4 |
Jun 2021 | 101.5 | 81.2 |
Jul 2021 | 102.5 | 83.2 |
Aug 2021 | 102.4 | 82.5 |
Sep 2021 | 102.8 | 82.4 |
Oct 2021 | 103.9 | 82.7 |
Nov 2021 | 104.5 | 82.5 |
Dec 2021 | 105.5 | 82.5 |
Jan 2022 | 107.9 | 82.5 |
Feb 2022 | 105.7 | 82.8 |
Mar 2022 | 106.1 | 84.9 |
Apr 2022 | 107.3 | 85.9 |
May 2022 | 108.9 | 86.2 |
Jun 2022 | 109.6 | 86.1 |
Jul 2022 | 112.2 | 88.2 |
Aug 2022 | 113.2 | 86.1 |
Sep 2022 | 113.5 | 87.3 |
Oct 2022 | 114.6 | 89.1 |
Nov 2022 | 114.8 | 85.5 |
Dec 2022 | 114.9 | 84.4 |
Jan 2023 | 116.8 | 85.4 |
Feb 2023 | 116.9 | 85.4 |
Wholesale Price Index - Electricity | |
Jan 2021 | 144.7 |
Feb 2021 | 106.2 |
Mar 2021 | 134.5 |
Apr 2021 | 157.7 |
May 2021 | 178.5 |
Jun 2021 | 175.4 |
Jul 2021 | 264.7 |
Aug 2021 | 242.6 |
Sep 2021 | 360.9 |
Oct 2021 | 396.1 |
Nov 2021 | 377.8 |
Dec 2021 | 462.2 |
Jan 2022 | 371.8 |
Feb 2022 | 323.5 |
Mar 2022 | 541.3 |
Apr 2022 | 402.9 |
May 2022 | 264.5 |
Jun 2022 | 335.6 |
Jul 2022 | 493.2 |
Aug 2022 | 715.5 |
Sep 2022 | 522.9 |
Oct 2022 | 251.2 |
Nov 2022 | 264.2 |
Dec 2022 | 510.4 |
Jan 2023 | 299.3 |
Feb 2023 | 293.8 |
For more information on the categories of products in Table 3 see Description of Products for Building and Construction.
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Statistician's Comment
Commenting on the release, Jillian Delaney, Statistician in the Prices Division, said: ''Wholesale price inflation showed signs of levelling off in February 2023 with no change to the overall producer price index for the manufacturing industries in the month. The price index for export sales was the same as for January 2023, while the index for home sales rose by 0.1% in the month. Producer prices for products sold on the domestic market are now 10.6% higher than they were in February 2022, with export producer prices rising by 3.1% and overall producer prices by 3.6% higher in the year.
While producer prices in the Food Products index showed no change in the month, this overall index was still 6.2% higher than in February 2022. Several food categories were also still significantly higher in February 2023 compared with the same month in 2022, including Dairy Products (+23.8%), Fish & Fish Products (+18.2%) and Fruit & Vegetables (+18.2%) (See Table 2).
Wholesale electricity prices decreased by 1.8% in February 2023 and were 9.2% lower than in February 2022. The changes in electricity prices over the last two years can be seen in Figure 3 (See also Table 5).
The All Materials Index for construction products rose by 0.2% in the month and by 14.7% in the year, while the Building and Construction (i.e. Materials and Wages) index increased by 1.3% in the month and 9.2% on the same month last year (See Tables 3 and 4).''