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Wholesale Price Index May 2025

Producer prices for food products rose by over 6% in the 12 months to May 2025

Online ISSN: 2009-5198

CSO statistical release, 23 June 2025, 11am

Key Findings

Wholesale electricity prices fell by 2.3% in the month to May 2025 but were 0.8% higher than May 2024.
Domestic producer prices for manufactured goods were on average 0.9% higher in May 2025 compared with a year earlier, while producer prices for exported goods were down by 2.0%. Overall, manufacturing producer prices were 1.8% lower in the year.
Producer prices for food products increased by 6.3% in the 12 months to May 2025, while the Food Products, Beverages & Tobacco Index was up by 5.1%.
Some of the most notable changes in producer prices for food products over the 12 months to May 2025 were: Dairy Products (+22.0%), Meat & Meat Products (+7.9%), and Vegetables & Animal Oils & Fats (-16.2%).
The most noteworthy changes in other producer prices in the year to May 2025 were: Chemicals & Chemical Products (+17.4%), Furniture (+3.6%), Rubber & Plastic Products (-2.6%), and Mining & Quarrying (-2.6%).
Wholesale prices for construction products grew by 0.1% in the month to May 2025 and rose by 0.9% in the 12 months since May 2024.

Statistician's Comment

The Central Statistics Office (CSO) has today (23 June 2025) published the Wholesale Price Index (WPI) for May 2025.

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

“Wholesale price inflation showed an increase in May 2025 with a 0.8% growth in the overall Producer Price Index for manufacturing industries in the month.

The price index for export sales was up by 1.0% since April 2025, while the index for home sales was up by 0.1% in the month.

Producer prices for products sold on the domestic market were 0.9% higher in May 2025 compared with May 2024. In the 12 months to May 2025, export producer prices fell by 2.0%, while overall producer prices were down by 1.8%.

Food Products

Producer prices in the Food Products Index rose by 0.3% in the month to May 2025 and was 6.3% higher than in May 2024.

Specific categories of food products that saw notable movement in prices in the year to May 2025 were Dairy Products with an increase of 22.0% and Vegetable & Animal Oils & Fats which was down by 16.2%. However, these categories were unchanged from April 2025 to May 2025.  Some other food categories were higher in May 2025 compared with the same month in 2024, including, Meat & Meat Products (+7.9%) and Other Food Products (3.3%) (See Table 2).

Construction Products

The All Materials Index for construction products increased by 0.1% in May 2025 and rose by 0.9% in the 12 months since May 2024. The Building & Construction Index (i.e. Materials and Wages) was up by 0.1% in the month and was 2.0% higher than the same month last year (See Tables 3 and 4).”

Key Figures

Wholesale Price Index- May 2025
	Price index (Year ‘21=100)	% monthly change	% annual change
Mar 2025	106.9	-2.4%	-1.9%
Apr 2025	105.4	-1.4%	-3.6%
May 2025	106.2	0.8%	-1.8%

Open in Excel: Wholesale Price Index May 2025 Headline Table (XLS 10KB)

Wholesale prices for construction products increased by 0.9% over the 12 months to May 2025

Notable annual increases and decreases in construction products as shown in Table 3 include:

All Other Metal Fittings: (+7.4%)
Cement: (+5.7%)
Sand & Gravel: (+5.4%)
Ready Mixed Mortar & Concrete: (+4.8%)
Bituminous Emulsions: (+4.8%)
Reinforcing Metal: (-8.0%)

The Building & Construction Index (i.e. Materials and Wages) rose by 0.1% in the month to May 2025 and was up by 2.0% in the 12 months to May 2025. 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 increased by 0.8% annually

There was a fall of 2.3% in the price of wholesale electricity in May 2025. The price of electricity was 0.8% higher than in May 2024 but was 72.0% lower when compared with the peak that occurred in August 2022.

The price index for all energy fuels fell by 4.2% in May 2025 and was down by 9.6% in the year since May 2024.

The overall Energy Products Index was down by 2.8% since April 2025 and was 2.1% lower when compared with May 2024 (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 as 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

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

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

Open in Excel: Wholesale Price Index May 2025 Table 1 (XLS 21KB)

Table 2 Industrial Producer Price Indices (excluding VAT)

Table 2 Industrial Producer Price Indices (excluding VAT)
Base: Year 2021 as 100
Industrial Sector		NACE code¹	Index		Monthly % Change			Annual % Change
			Apr 2025	May 2025	Mar 2025	Apr 2025	May 2025	May 2025
			Apr 2025	May 2025	Mar 2025	Apr 2025	May 2025	May 2025
Food Products		10	118.6	119.0	-0.3	-0.8	0.3	6.3
	Meat and meat products	101	138.2	138.4	-0.1	1.5	0.1	7.9
	Fish and fish products	102	127.2	127.2	0.0	0.0	0.0	1.0
	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	2.8	0.0	0.0	22.0
	Grain milling, starches and animal feeds	106,109	112.4	112.2	0.3	0.2	-0.2	0.2
	Bakery and farinaceous products	107	113.5	113.8	-0.2	-0.3	0.3	1.0
	Other food products	108	110.0	110.6	-1.2	-2.5	0.5	3.3
Beverages		11	114.3	114.8	-1.2	-1.3	0.4	-2.2
Tobacco		12	..	..	..	..	..	..
Textiles		13	109.1	109.2	-0.1	-0.1	0.1	1.4
Wearing apparel		14	108.0	108.1	0.0	-0.1	0.1	0.4
Leather and leather products (incl. footwear); dressing and dyeing of fur		15	113.4	113.9	-0.3	-0.4	0.4	0.5
Wood and wood products		16	118.3	118.9	0.3	-0.4	0.5	2.0
Pulp, paper and paper products		17	107.2	107.5	-1.3	1.2	0.3	2.4
Printing and reproduction of recorded media		18	102.0	102.0	0.0	0.0	0.0	0.0
Coke and refined petroleum products		19	..	..	..	..	..	..
Chemicals and chemical products		20	118.0	118.0	0.2	16.5	0.0	17.4
Basic pharmaceutical products and pharmaceutical preparations		21	..	..	..	..	..	..
Rubber and plastic products		22	113.9	114.4	0.4	-0.3	0.4	-2.6
Other non-metallic mineral products		23	125.9	126.2	0.1	0.9	0.2	1.3
Basic metals		24	114.8	115.6	-0.7	-0.8	0.7	0.6
Fabricated metal products, except machinery and equipment		25	124.8	125.0	0.4	-0.2	0.2	1.8
Computer, electronic and optical products		26	..	..	..	..	..	..
Electrical equipment		27	120.0	120.2	-0.2	-0.3	0.2	1.2
Machinery and equipment n.e.c.		28	..	..	..	..	..	..
Motor vehicles, trailers and semi-trailers		29	104.3	103.2	0.1	0.0	-1.1	-0.7
Other transport equipment		30	100.0	100.0	0.0	0.0	0.0	0.0
Furniture		31	117.4	117.5	-0.8	-0.1	0.1	3.6
Other Manufacturing		32	..	..	..	..	..	..
Repair and installation of machinery and equipment		33	..	..	..	..	..	..
Mining and quarrying		05-09	101.3	101.6	-1.0	-1.0	0.3	-2.6

Total transportable goods industries			105.4	106.2	-2.4	-1.4	0.8	-1.8

Food products, Beverages and Tobacco Products		10-12	118.0	118.4	-0.4	-0.9	0.3	5.1
Manufacturing industries excluding Food Products			104.0	104.9	-2.6	-1.5	0.9	-2.6
Manufacturing industries excluding Food Products, Beverages and Tobacco Products			103.9	104.8	-2.7	-1.4	0.9	-2.6
Intermediate goods industries (except energy)			..	..	..	..	..	..
Capital goods industries			..	..	..	..	..	..
Durable consumer goods industries			..	..	..	..	..	..
Non-durable consumer goods industries			..	..	..	..	..	..

Manufacturing industries (home sales)²			116.2	116.3	-0.1	-0.1	0.1	0.9
Manufacturing industries (export sales)²			104.3	105.3	-2.7	-1.6	1.0	-2.0
Total manufacturing industries²			105.4	106.2	-2.4	-1.4	0.8	-1.8
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 May 2025 Table 2 (XLS 13KB)

Visit Table WPM35 on PxStat

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 as 100
Materials			Index		Monthly % Change			Annual % Change
			Apr 2025	May 2025	Mar 2025	Apr 2025	May 2025	May 2025
			Apr 2025	May 2025	Mar 2025	Apr 2025	May 2025	May 2025
Stone, sand and gravel			132.2	133.1	0.4	0.5	0.7	2.5
	Stone		130.4	131.4	0.6	0.1	0.8	1.9
	Sand and gravel		140.9	141.5	-0.8	2.1	0.4	5.4
Cement			151.4	151.4	0.0	0.0	0.0	5.7
Ready mixed mortar and concrete			148.8	149.4	0.6	1.0	0.4	4.8
Concrete blocks and bricks			134.4	134.9	0.0	-0.3	0.4	3.6
Other concrete products including precast¹			145.4	145.4	0.0	0.0	0.0	0.8
Structural steel and reinforcing metal			129.3	128.8	-0.1	0.0	-0.4	-2.4
	Structural steel		172.0	172.0	0.0	-0.1	0.0	-0.1
		Structural steel fabricated metal	179.6	179.6	0.0	0.0	0.0	0.0
		Other Structural steel	113.1	113.1	0.0	-0.4	0.0	-0.6
	Reinforcing metal		78.7	77.4	-0.3	0.3	-1.7	-8.0
	Other steel products		122.7	122.7	0.0	0.0	0.0	0.0
Rough timber (including plain sawn)			88.7	89.0	0.0	0.0	0.3	-1.1
	Rough timber (hardwood)		106.5	106.5	0.0	0.0	0.0	0.0
	Rough timber (softwood)		86.7	87.1	0.0	0.0	0.5	-1.2
Machined, treated engineered timber			138.9	138.9	0.1	0.0	0.0	-0.1
	Wooden windows and doors		137.9	137.9	0.1	0.0	0.0	-0.3
	Other treated timber		139.9	139.9	0.0	0.0	0.0	-0.1
Bituminous macadam, asphalt and bituminous emulsions			123.0	122.6	0.2	-0.8	-0.3	-1.9
	Bituminous macadam and asphalt		123.2	122.8	0.2	-0.9	-0.3	-2.1
	Bituminous emulsions		118.9	118.9	-0.1	0.0	0.0	4.8
Electrical fittings			110.4	110.4	-0.4	0.1	0.0	-0.5
	Lighting equipment		100.0	100.0	0.0	0.0	0.0	0.0
	Protection & communication equipment		124.5	124.5	-0.2	0.0	0.0	0.6
All other materials			124.6	124.5	0.2	-0.1	-0.1	0.2
	Plumbing materials incl. sanitary ware		127.2	127.2	0.1	0.0	0.0	2.5
	HVAC (heating & ventilation equipment)		113.2	113.2	0.0	0.0	0.0	1.5
	Insulating materials		125.9	126.4	0.0	0.0	0.4	-0.2
	Pipes and fittings		138.9	138.6	0.1	0.1	-0.2	1.0
		PVC pipes and fittings	137.2	136.1	0.0	0.0	-0.8	-0.8
		Copper pipes and fittings	139.5	139.5	0.1	0.1	0.0	1.6
	Plaster		145.4	143.9	0.7	0.8	-1.0	3.8
	Paints, oils and varnishes		133.6	133.8	0.0	0.0	0.1	2.0
	Glass		111.5	111.5	0.0	0.0	0.0	-1.5
	All other metal fittings		107.0	107.0	-2.7	0.0	0.0	7.4
	All other products		118.7	118.7	0.4	-0.3	0.0	-1.1
All materials			127.1	127.2	0.2	0.2	0.1	0.9
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 May 2025 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 May 2025