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E-mail: wpi@cso.ie Tony Kelleher (+353) 21 453 5096 Ken Kennedy (+353) 21 453 5447 Susan Kelleher (+353) 21 453 5779
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information@cso.ie (+353) 21 453 5000 On-line ISSN 2009-5198
CSO statistical release, , 11am

Wholesale Price Index

January 2013

 Price index (Year ‘05=100)% monthly change% annual change
Nov 2012101.70.8%2.7%
Dec 2012100.8-0.9%1.3%
Jan 2013100.5-0.3%-0.4%

Annual Manufacturing Prices decrease by 0.4% in January

Figure 1 Manufacturing Industries Output Price Index
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Monthly factory gate prices decreased by 0.3% in January 2013. This compares to an increase of 1.4% recorded for January of last year.  As a result, the annual percentage change showed a decrease of 0.4% in January 2013, compared with an increase of 1.3% in the year to December 2012.  See graph across and table 1.

In the month, the price index for export sales decreased by 0.4%, while the index for home sales decreased by 0.3%.  In the year there was a decrease of 0.7% in the price index for export sales (this can be influenced by currency fluctuations) and an increase of 0.6% in respect of the price index for home sales.  See table 2 and Figure 2.

In the month, the most significant changes were increases in Dairy products (+5.2%), Machinery and equipment n.e.c. (+1.2%) and Meat and meat products (+0.5%), while there were decreases in Computer, electronic and optical products (-1.2%), Other food products including bread and confectionary (-0.7%) and Basic pharmaceutical products and pharmaceutical preparations (-0.1%).  See tables 2 and 2A.

Contributing to the annual change were increases in Grain milling, starches and animal feeds (+12.0%), Other food products including bread and confectionary (+1.7%) and Computer, electronic and optical products. (+1.6%), while there were decreases in Basic pharmaceutical products and pharmaceutical preparations (-3.7%), Chemicals and chemical products (-3.1%) and Wood and wood products (-3.1%).  See tables 2 and 2A.

The yearly price index for Mining and quarrying increased by 6.5% while the monthly index decreased by 0.8%.  See table 2.


A further analysis shows:

  • Building and Construction All materials prices increased by 1.9% in the year since January 2012.  The most notable yearly changes were increases in Glass (+14.1%), PVC pipes and fittings (+9.8%) and Stone (+8.2%) while there were decreases in Sand and gravel (-4.0%), All other metal fittings (-2.5%) and Hardwood excluding other rough timber (-2.4%). Building and Construction All material prices showed a decrease of 0.2% for the month.  See table 3.
  • Year on year, the price of Capital Goods increased by 1.3%, while the monthly price index showed no change.   See table 4.
  • The price of Energy products decreased by 0.8% in the year since January 2012, while Petroleum fuels decreased by 1.8%.  In January 2013, the monthly price index for Energy products increased by 0.5%, while Petroleum fuels increased by 1.4%.  See table 5.
Table 1 Manufacturing Industries Output Price Indices (excluding VAT) Rebased Series 2005=100 
         Base: Year 2005 as 100
  Manufacturing Industries Output Price Index Manufacturing Industries Output Price Index (Home Sales) Manufacturing Industries Output Price Index (Export Sales)
  
PeriodPrice index% Change on preceding periodAnnual % change Price index% Change on preceding period Price index% Change on preceding period
           
2005Year100.0-- 100.0- 100.0-
2006Year100.40.40.4 103.53.5 99.8-0.2
2007Year98.1-2.3-2.3 105.82.2 96.6-3.2
2008Year96.8-1.3-1.3 112.05.9 94.0-2.7
2009Year97.50.70.7 108.0-3.6 95.51.6
2010Year97.60.10.1 109.61.5 95.3-0.2
2011Year98.10.50.5 114.64.6 95.0-0.3
2012Year101.03.03.0 117.42.4 97.93.1
           
2010Quarter 197.10.5-1.1 107.90.0 95.00.6
 Quarter 298.51.40.9 110.01.9 96.31.4
 Quarter 398.1-0.40.5 110.10.1 95.9-0.4
 Quarter 496.7-1.40.1 110.50.4 94.1-1.9
           
2011Quarter 198.01.30.9 112.72.0 95.21.2
 Quarter 297.7-0.3-0.8 115.52.5 94.4-0.8
 Quarter 397.70.0-0.4 115.2-0.3 94.40.0
 Quarter 498.91.22.3 115.1-0.1 95.81.5
           
2012Quarter 1100.51.62.6 116.91.6 97.41.7
 Quarter 2100.3-0.22.7 118.00.9 97.0-0.4
 Quarter 3101.91.64.3 117.0-0.8 99.02.1
 Quarter 4101.1-0.82.2 117.70.6 98.0-1.0
           
2011January98.21.01.3 111.60.8 95.61.0
 February98.0-0.20.6 112.71.0 95.3-0.3
 March97.8-0.20.9 113.81.0 94.8-0.5
 April97.1-0.7-0.8 115.11.1 93.7-1.2
 May98.41.3-0.6 116.51.2 95.01.4
 June97.6-0.8-1.0 115.0-1.3 94.4-0.6
 July97.60.0-0.4 115.10.1 94.3-0.1
 August97.2-0.4-1.0 115.20.1 93.8-0.5
 September98.41.20.2 115.30.1 95.21.5
 October98.1-0.32.5 114.6-0.6 95.0-0.2
 November99.00.91.9 115.30.6 96.01.1
 December99.50.52.4 115.50.2 96.50.5
           
2012January100.91.42.7 116.61.0 98.01.6
 February100.3-0.62.3 116.90.3 97.1-0.9
 March100.30.02.6 117.20.3 97.10.0
 April99.8-0.52.8 118.30.9 96.3-0.8
 May100.40.62.0 118.40.1 97.00.7
 June100.70.33.2 117.3-0.9 97.60.6
 July102.01.34.5 116.2-0.9 99.31.7
 August103.01.06.0 117.51.1 100.31.0
 September100.6-2.32.2 117.4-0.1 97.5-2.8
 October100.90.32.9 117.3-0.1 97.80.3
 November101.70.82.7 118.00.6 98.60.8
 December100.8-0.91.3 117.7-0.3 97.7-0.9
           
2013January100.5-0.3-0.4 117.3-0.3 97.3-0.4
Table 2 Industrial Producer Price Indices (excluding VAT)       
      Base Year 2005 as 100
          Index Monthly % change Annual % change
 NACE code1  
 Dec 2012Jan 2013 Nov 2012Dec 2012Jan 2013 Jan 2013
    
Food Products10125.3126.3 0.70.00.8 2.2
      Meat and meat products101133.1133.8 0.20.60.5 1.6
      Fish and fish products102147.4152.3 10.20.73.3 11.6
      Fruit and vegetables103106.8105.8 0.0-0.1-0.9 2.4
      Vegetables and animal oils and fats104151.6151.6 7.90.00.0 7.9
      Dairy products105118.3124.4 -0.10.85.2 0.0
      Grain milling, starches and animal feeds106,109138.0141.3 0.20.42.4 12.0
      Bakery and farinaceous products107127.8127.5 0.4-0.2-0.2 0.8
      Other food products108122.0121.2 0.9-0.6-0.7 1.7
Beverages11106.8107.8 0.03.60.9 4.2
Textiles13110.9110.9 -0.10.00.0 0.5
Wearing apparel14103.5103.2 0.0-0.1-0.3 0.8
Leather and leather products (incl. footwear); dressing and dyeing of fur1599.699.3 0.0-0.1-0.3 4.0
Wood and wood products16109.6109.3 -0.3-0.2-0.3 -3.1
Pulp, paper and paper products1798.498.1 -0.4-0.1-0.3 -0.8
Printing and reproduction of recorded media18101.9100.6 0.0-0.6-1.3 -0.3
Chemicals and chemical products20104.6102.7 0.6-1.1-1.8 -3.1
Basic pharmaceutical products and pharmaceutical preparations2186.986.8 0.8-1.2-0.1 -3.7
Rubber and plastic products22109.8109.8 0.00.00.0 1.9
Other non-metallic mineral products23115.6115.3 -0.2-0.1-0.3 1.2
Basic metals24132.5131.1 1.0-1.6-1.1 -2.5
Fabricated metal products, except machinery and equipment25104.0103.9 -0.41.4-0.1 0.7
Computer, electronic and optical products2688.187.0 1.1-1.7-1.2 1.6
Electrical equipment27139.2138.4 0.1-0.2-0.6 -0.6
Machinery and Equipment n.e.c.28107.6108.9 0.5-0.31.2 0.9
Motor vehicles, trailers and semi-trailers2993.192.9 0.2-0.3-0.2 -2.1
Furniture 31100.9100.6 0.1-0.1-0.3 0.6
Other Manufacturing32109.1109.6 0.30.00.5 0.4
Mining and quarrying05-09113.8112.9 -1.6-0.3-0.8 6.5
          
Total transportable goods industries 101.0100.6 0.8-0.8-0.4 -0.3
          
Food products, Beverages and Tobacco Products10-13123.1124.0 0.70.30.7 2.2
Manufacturing industries excluding Food Products  95.895.1 0.8-1.0-0.7 -1.1
Manufacturing Industries excluding Food Products,          
Beverages and Tobacco Products 95.394.6 0.8-1.2-0.7 -1.4
Intermediate goods industries (except energy) 114.7114.5 0.00.0-0.2 1.5
Capital goods industries 89.889.0 1.0-1.3-0.9 1.0
Durable consumer goods industries 108.9108.5 0.4-0.3-0.4 0.9
Non-durable consumer goods industries 100.6100.7 0.7-0.50.1 -1.3
          
Manufacturing industries (home sales)2 117.7117.3 0.6-0.3-0.3 0.6
Manufacturing industries (export sales)2 97.797.3 0.8-0.9-0.4 -0.7
Total manufacturing industries2 100.8100.5 0.8-0.9-0.3 -0.4
1 Nace Rev. 2 Statistical classification of economic activities in the European Community.    
2 Excludes Mining and quarrying.         
Table 2A Contribution to changes in the Manufacturing Output Price Index, January 2013 (Table 2)
     
Industrial sectorNACE code1 Contribution to overall % change2
  One monthTwelve months
Food Products10 0.160.43
Meat and meat products101 0.030.08
Fish and fish products102 0.020.05
Fruit and vegetables103 -0.000.00
Vegetables and animal oils and fats104 0.000.00
Dairy products105 0.17-0.01
Grain milling, starches and animal feeds106,109 0.020.11
      Bakery and farinaceous products107 -0.000.00
      Other food products108 -0.080.18
Beverages11 0.020.09
Tobacco Products12 0.000.01
Textiles13 -0.000.00
Wearing apparel14 -0.000.00
Leather and leather products (incl. footwear); dressing and dyeing of fur15 -0.000.00
Wood and wood products16 -0.00-0.04
Pulp, paper and paper products17 -0.00-0.00
Printing and reproduction of recorded media18 -0.02-0.00
Coke and refined petroleum products19 -0.21-0.28
Chemicals and chemical products20 -0.05-0.08
Basic pharmaceutical products and pharmaceutical preparations21 -0.05-1.02
Rubber and plastic products22 0.000.04
Other non-metallic mineral products23 -0.010.03
Basic metals24 -0.01-0.02
Fabricated metal products, except Machinery and equipment25 -0.000.01
Computer, electronic and optical products26 -0.280.34
Electrical equipment27 -0.01-0.01
Machinery and Equipment n.e.c.28 0.030.03
Motor vehicles, trailers and semi-trailers29 -0.00-0.02
Other transport equipment30 -0.00-0.01
Furniture 31 -0.000.00
Other Manufacturing32 0.030.02
Repair and Installation of machinery and equipment33 0.00-0.01
Mining and quarrying05-09 -0.010.10
1 Nace Rev. 2 Statistical classification of economic activities in the European Community. 
2 See Background Notes.    
Table 3 Detailed Wholesale Price Indices (excluding VAT) for Building and Construction Materials
      Base: Year 2005 as 100
MaterialsIndex Monthly % change  Annual % change
   
Dec 2012Jan 2013 Nov 2012Dec 2012Jan 2013  Jan 2013
   
Stone, sand and gravel136.2135.2 -0.30.5-0.7  6.2
Stone136.8134.9 0.71.5-1.4  8.2
Sand and gravel168.9174.8 -6.0-5.03.5  -4.0
Cement127.8127.8 0.00.00.0  -0.6
Ready mixed mortar and concrete112.0110.1 1.30.9-1.7  2.5
Concrete blocks and bricks122.4122.2 0.3-0.2-0.2  2.8
Other concrete products98.698.1 0.00.8-0.5  -0.9
Precast concrete97.596.9 0.03.0-0.6  -2.1
Other concrete products         
(Excluding precast concrete)98.397.7 0.00.0-0.6  -0.4
Structural steel and reinforcing metal115.8116.8 -0.10.00.9  1.4
Structural steel115.7116.0 0.00.00.3  1.5
          Fabricated metal112.0112.3 0.10.10.3  1.7
          Other Structural steel95.895.8 0.00.00.0  0.1
Reinforcing metal115.8118.1 -0.4-0.12.0  1.2
Other steel products100.0100.0 0.00.00.0  0.9
Rough timber (including plain sawn)115.7116.0 0.41.50.3  2.3
Hardwood102.2102.2 0.0-1.50.0  -2.4
Other117.4117.8 0.31.70.3  2.8
Other timber107.7107.7 0.00.00.0  -0.7
Windows and doors114.4114.4 0.00.00.0  0.1
Other102.0102.0 0.00.00.0  -1.8
Bituminous macadam, asphalt and          
bituminous emulsions181.8183.4 -0.80.90.9  13.4
Bituminous macadam and asphalt182.0183.9 -0.81.11.0  14.2
Bituminous emulsions177.0172.1 -2.2-3.2-2.8  -2.5
Electrical fittings121.1121.1 0.00.00.0  0.9
Lighting equipment131.8131.8 0.00.00.0  -0.2
Protection & communication equipment 112.5112.3 0.00.0-0.2  -0.2
All other materials136.2136.5 0.10.10.2  1.9
Plumbing materials incl. sanitary ware113.9113.9 0.00.00.0  -1.2
HVAC (heating & ventilation equipment) 117.2116.3 0.00.0-0.8  0.5
Insulating materials139.8139.8 1.20.00.0  2.3
Pipes and fittings190.7192.6 -0.10.01.0  3.1
       PVC105.4110.2 0.00.04.6  9.8
       Copper364.8364.4 -0.10.0-0.1  1.2
Plaster120.2123.5 0.6-1.52.7  1.1
Paints, oils and varnishes101.399.8 0.00.0-1.5  -1.1
Glass135.7135.7 5.70.00.0  14.1
All other metal fittings115.9115.9 0.00.40.0  -2.5
All other products130.4130.4 0.00.40.0  2.2
All materials123.6123.4 0.20.2-0.2  1.9
Table 4 Capital Goods Price Indices (excluding VAT)       
        Base: Year 2005 as 100
Capital goodsIndex Monthly % change Annual % change
Dec 2012Jan 2013 Nov 2012Dec 2012Jan 2013  Jan 2013 
Transportable capital for use in          
               Agriculture114.0114.5 0.00.00.4  2.1 
               Industry99.499.4 0.11.40.0  2.7 
         of which:          
               Private vehicles1104.5105.0 0.00.00.5  0.8 
               Commercial vehicles99.498.7 0.00.0-0.7  1.9 
Agriculture and industry101.7101.7 0.11.30.0  2.6 
Other sectors101.2101.2 0.01.30.0  2.5 
Total transportable capital101.5101.5 0.11.30.0  2.6 
Building and construction112.9112.9 0.10.20.0  1.1 
      (i.e. materials and wages)          
           
All capital goods111.2111.2 0.10.30.0  1.3 
1 Private vehicles are inclusive of VAT which is non-deductible for industry and agriculture.
Table 5 Wholesale Price Indices (excluding VAT) for Energy Products     
(i.e. Fuels purchased by Manufacturing Industry)      
        Base: Year 2005 as 100
Energy fuelsIndex Monthly % change Annual % change
Dec 2012Jan 2013 Nov 2012Dec 2012Jan 2013  Jan 2013 
           
Petrol147.5149.3 -3.7-1.41.2  0.3 
Autodiesel141.9143.3 -2.6-1.71.0  -1.5 
Gas oil (other than autodiesel)149.1150.2 -3.4-1.50.7  -0.3 
Fuel oil176.2179.4 -2.8-1.71.8  -2.5 
           
Petroleum fuels162.4164.7 -2.8-1.61.4  -1.8 
Energy products1130.0130.7 -1.1-0.60.5  -0.8 
1 Energy products including an estimated subindex for electricity.
Figure 2 Manufacturing Industries: Output Price Indices for Home and Export Sales

Background Notes

Wholesale Price Index        

The term Industrial Producer Price Index refers to a family of indices that measure the average change over time in the selling prices received by domestic producers of goods and services. The other three wholesale price index series incorporate imported and home produced goods sold by manufacturers and wholesale outlets.

Coverage

The output price indices for sectors of Manufacturing Industries cover both home sales and export sales.  The Indices for Total transportable goods industries; Food, drink and tobacco; Manufacturing industries excluding food; Manufacturing industries excluding food, drink and tobacco; Intermediate goods industries (except energy); Capital goods industries; Durable consumer goods industries; Non-durable consumer goods industries; Manufacturing industries (home sales); Manufacturing industries (export sales) and Total manufacturing industries are all calculated on a net sector basis, i.e. the weights used to combine the sectoral indices (including those for sectors not distinguished in Table 2) exclude sales to other sectors of Manufacturing Industry.

Table 2A gives the percentage contribution of each sector (including those not published on Table 2) to the overall percentage change on Table 2. The percentage contributions on Table 2A may not add up to the Total Manufacturing industries percentage change on Table 2 due to rounding and other adjustments for presentational purposes.  In comparing these contributions against these percentage changes in indices presented on Table 2 caution should be exercised as the former is calculated on a net sector basis.

The Building Materials, Capital Goods and Energy Products indices (Tables 3, 4 and 5) cover home production and imports of these commodities.  Table 3, the Wholesale Price Index for Building and Construction Materials, provides only a general indication of price trends in that sector.  Actual transaction prices are collected for materials purchased by construction and civil engineering firms. The price indices reflect an ‘average’ over a mixture of products from many companies throughout the country.  They also reflect prices for both long-term and short-term contracts and for high and low volume civil engineering works. It should be noted that long-term, high volume fixed contracts for major works might dilute in the short-term the impact of emerging price changes on the index.  Furthermore, industry sources have confirmed that price increases notified by companies may not always be achieved in practice following negotiations. Much depends on the prevailing market conditions. Therefore changes over the short-term in the indices derived from these transaction prices will not always coincide with price changes notified by companies.

Prices

All indices in the series are based on prices at the 15th of the month. Quarterly and annual indices are simple averages of the corresponding monthly indices.

Prices used in the compilation of the indices are:

  • excluding delivery charges itemised on the invoice separately after discounts or surcharges are applied
  • before addition of direct subsidies
  • exclusive of VAT (except for private vehicles used in Table 4)
  • inclusive of excise duty

Every effort is made by the Wholesale Prices Section to collect all prices for the relevant month. Where this is not possible late prices are included in the following month’s calculations.

Methodology

This Wholesale Price Index series is compiled to base 2005 as 100. A methodological description of this updated series is given in the Wholesale Price Index Introduction of Updated Series base 2005 as 100.

Calculating percentage changes in the index

The movement of the output price indices is expressed as percentage change, rather than a change in index points, because index point changes are affected by the level of the index in relation to its base period, whereas percentage changes are not.

The example below illustrates the computation of a percentage change:

Percentage change calculation  
Current index  105.6
Less previous index  102.1
Equals in index points   3.5
Divided by the previous index   102.1
Equals   0.0343
Results multiplied by 100   0.0343 x 100
Equals percentage change   3.4

Alternatively, users may calculate a percentage change by dividing the current index by the previous index, multiplying by 100 and then subtracting 100.

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