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Wholesale Price Index January 2026

Wholesale electricity prices fell by over 24% in the 12 months to January 2026

Online ISSN: 2009-5198

CSO statistical release, 23 February 2026, 11am

Key Findings

Wholesale electricity prices rose by 17.1% in the month to January 2026 but were 24.2% lower than January 2025.
Domestic producer prices for manufactured goods were on average 0.6% higher in January 2026 compared with January 2025, while producer prices for exported goods were down by 5.9%. Overall, manufacturing producer prices were 5.2% lower in the year.
Producer prices for food products decreased by 2.3% in the 12 months to January 2026, while the Food Products, Beverages & Tobacco Index was down by 2.4%.
Some of the most notable changes in producer prices for food products over the 12 months to January 2026 were: Fish & Fish Products (+5.4%), Vegetables & Animal Oils & Fats (-16.2%), and Other Food Products (-6.0%).
The most noteworthy changes in other producer prices in the year to January 2026 were: Chemicals & Chemical Products (+21.0%), Pulp, Paper & Paper Products (+4.0%), Fabricated Metal Products, except Machinery & Equipment (+3.1%), Beverages (-3.3%), and Mining & Quarrying (-3.1%).
Wholesale prices for Construction Products increased by 0.7% in the month to January 2026 and rose by 1.5% in the 12 months since January 2025.

Statistician's Comment

The Central Statistics Office (CSO) has today (23 February 2026) published the Wholesale Price Index (WPI) for January 2026.

Commenting on the release, Deirdre Toher, Statistician in the Prices Division, said:

“Wholesale price inflation showed an increase in January 2026 with a 1.4% growth in the overall Producer Price Index for manufacturing industries in the month.

The price index for export sales was up by 1.5% since December 2025, while the index for home sales was up by 0.3% in the month.

Producer prices for products sold on the domestic market were 0.6% higher in January 2026 compared with January 2025. In the 12 months to January 2026, export producer prices fell by 5.9%, while overall producer prices were down by 5.2%.

Electricity and Food Prices

Wholesale electricity prices rose by 17.1% in January 2026 when compared with December 2025 but were 24.2% lower than January 2025. They have fallen by 67.2% when compared with the peak that occurred in August 2022.

Producer prices for food products declined by 0.2% since December 2025 and fell by 2.3% in the year since January 2025. Some of the most notable changes in producer prices for food products over the 12 months to January 2026 were for Fish & Fish Products (+5.4%), Vegetables & Animal Oils & Fats (-16.2%), and Other Food Products (-6.0%) (See Table 2).

Construction Products

The All Materials Index for Construction Products increased by 0.7% in January 2026 and rose by 1.5% in the 12 months since January 2025. The Building & Construction Index (i.e. Materials and Wages) was up by 0.4% in January 2026 and was 2.3% higher than January 2025 (See Tables 3 and 4).”

Key Figures

Wholesale Price Index- January 2026
	Price index Base Year 2021=100	% monthly change	% annual change
Nov 2025	103.9	0.0%	-5.3%
Dec 2025	103.3	-0.6%	-6.4%
Jan 2026	104.7	1.4%	-5.2%

Open in Excel: Wholesale Price Index January 2026 Headline Table (XLS 10KB)

Wholesale prices for Construction Products increased by 1.5% over the 12 months to January 2026

Notable annual increases and decreases in Construction Products as shown in Table 3 include:

Copper Pipes & Fittings: (+8.6%)
Ready Mixed Mortar & Concrete: (+5.8%)
Rough Timber (Hardwood): (+4.6%)
Other Steel Products: (+4.3%)
Stone: (+4.2%)
Bituminous Emulsions: (-5.5%)

The Building & Construction Index (i.e. Materials and Wages) rose by 0.4% in the month to January 2026 and was up by 2.3% in the 12 months to January 2026. This index combines the All Materials Index with a measure of the change of wages in the Construction sector to provide an overall index for input construction costs (See Table 4).

Wholesale electricity prices decreased by 24.2% annually

There was a rise of 17.1% in the price of wholesale electricity in January 2026 compared with December 2025. The price of electricity was 24.2% lower than in January 2025 and was 67.2% lower when compared with the peak that occurred in August 2022.

The price index for all energy fuels rose by 0.7% in January 2026 but was down by 8.2% in the year since January 2025.

The overall Energy Products Index rose by 12.7% since December 2025 but was 20.9% lower when compared with January 2025 (See Figure 3 and Table 5).

Table 1 Manufacturing Industries Output Price Indices (excluding VAT)

Table 1 Manufacturing Industries Output Price Indices (excluding VAT)
Base Year 2021=100
		Manufacturing Industries Output Price Index			Manufacturing Industries Output Price Index (Home Sales)		Manufacturing Industries Output Price Index (Export Sales)
		Manufacturing Industries Output Price Index			Manufacturing Industries Output Price Index (Home Sales)		Manufacturing Industries Output Price Index (Export Sales)
Period		Price Index	% Change on Preceding Period	Annual % change	Price Index	% Change on Preceding Period	Price Index	% Change on Preceding Period
Period		Price Index	% Change on Preceding Period	Annual % change	Price Index	% Change on Preceding Period	Price Index	% Change on Preceding Period
2021	Year	100.0			100.0		100.0
2022	Year	109.0	9.0	9.0	110.7	10.7	108.8	8.8
2023	Year	107.5	-1.4	-1.4	115.1	4.0	106.8	-1.8
2024	Year	108.5	0.9	0.9	115.4	0.3	107.8	0.9
2025	Year	105.3	-2.9	-2.9	116.6	1.0	104.2	-3.3

2021	Quarter 1	98.7			98.2		98.7
	Quarter 2	98.4	-0.3		99.3	1.1	98.4	-0.3
	Quarter 3	100.2	1.8		100.6	1.3	100.2	1.8
	Quarter 4	102.6	2.4		101.9	1.3	102.7	2.5

2022	Quarter 1	103.8	1.2	5.2	104.7	2.7	103.7	1.0
	Quarter 2	108.9	4.9	10.7	109.5	4.6	108.8	4.9
	Quarter 3	112.2	3.0	12.0	113.4	3.6	112.0	2.9
	Quarter 4	111.2	-0.9	8.4	115.2	1.6	110.8	-1.1

2023	Quarter 1	108.6	-2.3	4.6	116.1	0.8	107.8	-2.7
	Quarter 2	106.8	-1.7	-1.9	115.5	-0.5	105.9	-1.8
	Quarter 3	106.8	0.0	-4.8	114.2	-1.1	106.1	0.2
	Quarter 4	108.0	1.1	-2.9	114.4	0.2	107.3	1.1

2024	Quarter 1	109.1	1.0	0.5	115.0	0.5	108.5	1.1
	Quarter 2	108.8	-0.3	1.9	115.3	0.3	108.2	-0.3
	Quarter 3	106.7	-1.9	-0.1	115.4	0.1	105.9	-2.1
	Quarter 4	109.3	2.4	1.2	115.8	0.3	108.6	2.5

2025	Quarter 1	109.0	-0.3	-0.1	116.5	0.6	108.3	-0.3
	Quarter 2	105.2	-3.5	-3.3	116.2	-0.3	104.2	-3.8
	Quarter 3	103.5	-1.6	-3.0	116.8	0.5	102.2	-1.9
	Quarter 4	103.7	0.2	-5.1	117.0	0.2	102.4	0.2

2021	January	97.8			97.3		97.8
	February	99.2	1.4		98.5		99.2
	March	99.1	-0.1		98.7		99.2
	April	98.8	-0.3		98.9		98.8
	May	98.2	-0.6		99.4		98.1
	June	98.3	0.1		99.6		98.2
	July	100.1	1.8		100.4		100.1
	August	100.4	0.3		100.6		100.4
	September	100.2	-0.2		100.7		100.2
	October	101.6	1.4		101.3		101.7
	November	102.6	1.0		101.5		102.7
	December	103.5	0.9		102.9		103.6

2022	January	103.2	-0.3	5.5	103.4	0.5	103.2	-0.4
	February	102.7	-0.5	3.5	104.7	1.3	102.5	-0.7
	March	105.4	2.6	6.4	106.1	1.3	105.4	2.8
	April	106.6	1.1	7.9	108.7	2.5	106.4	0.9
	May	109.9	3.1	11.9	109.5	0.7	110.0	3.4
	June	110.1	0.2	12.0	110.2	0.6	110.1	0.1
	July	112.5	2.2	12.4	112.1	1.7	112.5	2.2
	August	111.2	-1.2	10.8	113.0	0.8	111.0	-1.3
	September	112.8	1.4	12.6	115.1	1.9	112.6	1.4
	October	115.4	2.3	13.6	115.4	0.3	115.4	2.5
	November	109.9	-4.8	7.1	115.1	-0.3	109.4	-5.2
	December	108.2	-1.5	4.5	115.1	0.0	107.5	-1.7

2023	January	108.3	0.1	4.9	116.3	1.0	107.5	0.0
	February	108.3	0.0	5.5	116.4	0.1	107.5	0.0
	March	109.1	0.7	3.5	115.7	-0.6	108.5	0.9
	April	105.8	-3.0	-0.8	115.6	-0.1	104.8	-3.4
	May	107.1	1.2	-2.5	115.5	-0.1	106.2	1.3
	June	107.5	0.4	-2.4	115.4	-0.1	106.7	0.5
	July	104.7	-2.6	-6.9	113.9	-1.3	103.8	-2.7
	August	106.9	2.1	-3.9	114.2	0.3	106.2	2.3
	September	108.8	1.8	-3.5	114.5	0.3	108.3	2.0
	October	109.6	0.7	-5.0	114.5	0.0	109.1	0.7
	November	107.4	-2.0	-2.3	114.2	-0.3	106.7	-2.2
	December	106.9	-0.5	-1.2	114.5	0.3	106.1	-0.6

2024	January	108.2	1.2	-0.1	115.1	0.5	107.6	1.4
	February	110.0	1.7	1.6	115.2	0.1	109.5	1.8
	March	109.0	-0.9	-0.1	114.8	-0.3	108.4	-1.0
	April	109.3	0.3	3.3	115.2	0.3	108.7	0.3
	May	108.1	-1.1	0.9	115.3	0.1	107.4	-1.2
	June	109.1	0.9	1.5	115.5	0.2	108.5	1.0
	July	107.4	-1.6	2.6	115.5	0.0	106.6	-1.8
	August	106.8	-0.6	-0.1	115.4	-0.1	105.9	-0.7
	September	106.0	-0.7	-2.6	115.4	0.0	105.1	-0.8
	October	107.7	1.6	-1.7	115.6	0.2	106.9	1.7
	November	109.7	1.9	2.1	115.6	0.0	109.2	2.2
	December	110.4	0.6	3.3	116.1	0.4	109.8	0.5

2025	January	110.5	0.1	2.1	116.7	0.5	109.9	0.1
	February	109.5	-0.9	-0.5	116.4	-0.3	108.9	-0.9
	March	106.9	-2.4	-1.9	116.3	-0.1	106.0	-2.7
	April	105.4	-1.4	-3.6	116.2	-0.1	104.3	-1.6
	May	106.2	0.8	-1.8	116.3	0.1	105.3	1.0
	June	104.1	-2.0	-4.6	116.1	-0.2	102.9	-2.3
	July	103.6	-0.5	-3.5	116.7	0.5	102.4	-0.5
	August	103.6	0.0	-3.0	116.8	0.1	102.3	-0.1
	September	103.2	-0.4	-2.6	116.8	0.0	101.8	-0.5
	October	103.9	0.7	-3.5	117.0	0.2	102.6	0.8
	November	103.9	0.0	-5.3	116.9	-0.1	102.6	0.0
	December	103.3	-0.6	-6.4	117.0	0.1	101.9	-0.7

2026	January	104.7	1.4	-5.2	117.4	0.3	103.4	1.5

Open in Excel: Wholesale Price Index January 2026 Table 1 (XLS 22KB)

Table 2 Industrial Producer Price Indices (excluding VAT)

Table 2 Industrial Producer Price Indices (excluding VAT)
Base Year 2021=100
Industrial Sector		NACE code¹	Index		Monthly % Change			Annual % Change
			Dec 2025	Jan 2026	Nov 2025	Dec 2025	Jan 2026	Jan 2026
			Dec 2025	Jan 2026	Nov 2025	Dec 2025	Jan 2026	Jan 2026
Food Products		10	117.5	117.3	-0.1	0.0	-0.2	-2.3
	Meat and meat products	101	138.4	135.5	0.1	1.0	-2.1	1.7
	Fish and fish products	102	133.1	133.5	1.1	0.0	0.3	5.4
	Fruit and vegetables	103	100.5	100.5	0.0	0.0	0.0	0.0
	Vegetable and animal oils and fats	104	78.1	78.1	0.0	0.0	0.0	-16.2
	Dairy products	105	125.0	125.0	0.0	0.0	0.0	2.8
	Grain milling, starches and animal feeds	106,109	111.7	111.7	0.0	0.0	0.0	-0.2
	Bakery and farinaceous products	107	113.1	113.2	-0.3	0.2	0.1	0.2
	Other food products	108	107.8	108.5	-0.2	-0.5	0.6	-6.0
Beverages		11	112.3	112.8	-0.2	-0.2	0.4	-3.3
Tobacco		12	..	..	..	..	..	..
Textiles		13	108.3	108.4	-0.1	0.2	0.1	-0.8
Wearing apparel		14	107.9	108.0	-0.1	0.0	0.1	-0.1
Leather and leather products (incl. footwear); dressing and dyeing of fur		15	112.6	113.0	-0.4	0.3	0.4	-0.8
Wood and wood products		16	118.9	119.0	0.0	0.3	0.1	0.8
Pulp, paper and paper products		17	109.4	111.7	-0.1	1.4	2.1	4.0
Printing and reproduction of recorded media		18	103.0	103.0	0.0	0.0	0.0	1.0
Coke and refined petroleum products		19	..	..	..	..	..	..
Chemicals and chemical products		20	118.9	122.3	0.0	0.0	2.9	21.0
Basic pharmaceutical products and pharmaceutical preparations		21	..	..	..	..	..	..
Rubber and plastic products		22	113.5	113.8	-0.4	0.2	0.3	0.4
Other non-metallic mineral products		23	127.6	127.9	0.2	0.6	0.2	2.4
Basic metals		24	113.7	114.6	-0.7	0.3	0.8	-1.1
Fabricated metal products, except machinery and equipment		25	126.8	127.9	-0.2	0.1	0.9	3.1
Computer, electronic and optical products		26	..	..	..	..	..	..
Electrical equipment		27	119.7	119.9	-0.1	0.0	0.2	-0.7
Machinery and equipment n.e.c.		28	..	..	..	..	..	..
Motor vehicles, trailers and semi-trailers		29	104.5	104.5	0.0	0.0	0.0	0.3
Other transport equipment		30	100.0	100.0	0.0	0.0	0.0	0.0
Furniture		31	118.8	118.8	-0.1	0.1	0.0	0.3
Other Manufacturing		32	..	..	..	..	..	..
Repair and installation of machinery and equipment		33	..	..	..	..	..	..
Mining and quarrying		05-09	100.3	100.6	0.0	-0.3	0.3	-3.1

Total transportable goods industries			103.3	104.7	0.0	-0.6	1.4	-5.2

Food products, Beverages and Tobacco Products		10-12	116.8	116.7	-0.1	-0.1	-0.1	-2.4
Manufacturing industries excluding Food Products			101.8	103.4	0.1	-0.7	1.6	-5.6
Manufacturing industries excluding Food Products, Beverages and Tobacco Products			101.6	103.2	0.0	-0.7	1.6	-5.7
Intermediate goods industries (except energy)			..	..	..	..	..	..
Capital goods industries			..	..	..	..	..	..
Durable consumer goods industries			..	..	..	..	..	..
Non-durable consumer goods industries			..	..	..	..	..	..

Manufacturing industries (home sales)²			117.0	117.4	-0.1	0.1	0.3	0.6
Manufacturing industries (export sales)²			101.9	103.4	0.0	-0.7	1.5	-5.9
Total manufacturing industries²			103.3	104.7	0.0	-0.6	1.4	-5.2
¹ Nace Rev. 2 Statistical classification of economic activities in the European Community.
² Excludes Mining and quarrying.
.. Data suppressed for confidentiality reasons.

Open in Excel: Wholesale Price Index January 2026 Table 2 (XLS 13KB)

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Table 3 Detailed Wholesale Price Indices (excluding VAT) for Building and Construction Materials

Table 3 Detailed Wholesale Price Indices (excluding VAT) for Building and Construction Materials
Base Year 2021=100
Materials			Index		Monthly % Change			Annual % Change
			Dec 2025	Jan 2026	Nov 2025	Dec 2025	Jan 2026	Jan 2026
			Dec 2025	Jan 2026	Nov 2025	Dec 2025	Jan 2026	Jan 2026
Stone, sand and gravel			133.7	135.4	-0.1	-0.3	1.3	3.8
	Stone		131.8	134.0	-0.1	-0.5	1.7	4.2
	Sand and gravel		142.7	142.0	0.3	-0.1	-0.5	1.9
Cement			155.5	155.5	0.0	0.0	0.0	2.7
Ready mixed mortar and concrete			151.7	153.2	0.0	0.0	1.0	5.8
Concrete blocks and bricks			130.4	133.3	0.2	-0.3	2.2	-0.8
Other concrete products including precast¹			146.3	146.3	0.0	-0.4	0.0	0.6
Structural steel and reinforcing metal			128.3	130.2	-0.2	0.0	1.5	0.6
	Structural steel		172.3	172.4	0.0	0.0	0.1	0.2
		Structural steel fabricated metal	179.6	179.6	0.0	0.0	0.0	0.0
		Other Structural steel	115.6	116.5	0.0	0.0	0.8	2.6
	Reinforcing metal		76.0	80.0	-0.5	0.0	5.3	1.7
	Other steel products		128.0	128.0	0.0	0.0	0.0	4.3
Rough timber (including plain sawn)			90.8	91.9	-0.2	0.0	1.2	3.6
	Rough timber (hardwood)		111.4	111.4	0.0	0.0	0.0	4.6
	Rough timber (softwood)		88.5	89.7	-0.2	0.0	1.4	3.5
Machined, treated engineered timber			142.4	143.2	0.0	0.6	0.6	3.2
	Wooden windows and doors		141.2	141.2	0.0	1.1	0.0	2.5
	Other treated timber		143.7	145.4	0.0	0.0	1.2	3.9
Bituminous macadam, asphalt and bituminous emulsions			123.2	123.8	1.2	0.5	0.5	0.2
	Bituminous macadam and asphalt		123.6	124.3	1.3	0.5	0.6	0.5
	Bituminous emulsions		112.4	112.4	0.0	0.0	0.0	-5.5
Electrical fittings			106.4	106.7	0.1	0.0	0.3	-3.4
	Lighting equipment		100.0	100.0	0.0	0.0	0.0	0.0
	Protection & communication equipment		118.0	119.3	0.3	0.0	1.1	-3.8
All other materials			126.0	126.4	0.2	-0.2	0.3	1.8
	Plumbing materials incl. sanitary ware		128.3	128.3	0.0	0.0	0.0	3.7
	HVAC (heating & ventilation equipment)		109.6	110.9	0.0	0.0	1.2	-2.0
	Insulating materials		126.4	126.4	0.0	0.0	0.0	0.4
	Pipes and fittings		144.0	145.4	0.1	0.3	1.0	6.3
		PVC pipes and fittings	136.1	136.1	0.0	0.0	0.0	-0.8
		Copper pipes and fittings	146.5	148.4	0.2	0.4	1.3	8.6
	Plaster		145.5	145.7	0.3	-0.3	0.1	2.7
	Paints, oils and varnishes		134.8	134.8	0.0	0.6	0.0	2.4
	Glass		111.5	111.5	0.0	0.0	0.0	0.0
	All other metal fittings		107.0	107.0	0.0	0.0	0.0	0.0
	All other products		119.6	119.6	0.3	-0.6	0.0	-0.1
All materials			127.4	128.3	0.1	-0.1	0.7	1.5
¹ This table was updated on 23rd March 2023. The subcategories Precast Concrete and Other Concrete Products (excluding precast concrete) will no longer be maintained from February 2023. The higher-level category Other Concrete Products Including Precast includes products from both these subcategories and this index can be used as an approximation to the obsolete subcategories.

Open in Excel: Wholesale Price Index January 2026 Table 3 (XLS 12KB)

Visit Table WPM39 on PxStat

For more information on the categories of products in Table 3 see Description of Products for Building and Construction.

Table 4 Capital Goods Price Indices (excluding VAT)

Table 5 Wholesale Price Indices (excluding VAT) for Energy Products (i.e. Fuels purchased by Manufacturing Industry)

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Wholesale Price Index January 2026