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Notice of Revisions: The Wholesale Price Index (WPI) was revised on 22 October 2020. See here for further information  
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CSO statistical release, , 11am

Wholesale Price Index

January 2022

 Price index (Year ‘15=100)% monthly change% annual change
Nov 202183.50.0%0.2%
Dec 202183.50.0%4.5%
Jan 202283.60.1%3.5%

Annual Manufacturing Prices increase by 3.5% in January

Figure 1 – Manufacturing Industries Output Price Index
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Monthly factory gate prices increased by 0.1% in January 2022. This compares to an increase of 1.1% for January of last year. The annual percentage change showed an increase of 3.5% in January 2022, compared to an increase of 4.5% in the year to December 2021.  See Table 1 and Figure 1.

In the month, the price index for export sales remains unchanged, while the index for home sales increased 2.3%. In the year there was an increase of 3.3% in the price index for export sales (this can be influenced by currency fluctuations) and an increase of 7.9% in respect of the price index for home sales.  See Table 2 and Figure 2.

This release was updated on 8th March 2022.
Five indices for December 2021 included in Table 2 of the January 2022 release published on February 22nd were different from the figures contained elsewhere in the release, and also from those published in the December 2021 release. These alternative figures were based on a development version of the data with minor changes to the sample. The revised release is consistent with the previously published versions. The associated Monthly % Change figures for January 2022 in Table 2 were also impacted.

Jan 2015100.296.8
Feb 201599.698.8
Mar 201599.9101.1
Apr 201599.8102.6
May 2015100100.2
Jun 201599.999.8
Jul 201510099.8
Aug 2015100.3100.2
Sep 2015100.298.9
Oct 201510096.6
Nov 2015100102.8
Dec 2015100102.5
Jan 2016100100.2
Feb 201699.199.9
Mar 201699.598.9
Apr 2016100.898.1
May 2016100.998.9
Jun 201610197.7
Jul 201610198.1
Aug 2016100.198.7
Sep 201610096.4
Oct 201610097.6
Nov 2016100.1101.5
Dec 2016100.1102.4
Jan 2017100.4100.8
Feb 201799.2100.1
Mar 201799.5102.6
Apr 201799.5103.7
May 201799.4103.7
Jun 201799.5100.3
Jul 201799.699.2
Aug 201799.597.9
Sep 201799.897.2
Oct 201799.790.2
Nov 201797.791.9
Dec 201797.797.5
Jan 20189896.4
Feb 201898.195.7
Mar 201898.496.1
Apr 201898.895.6
May 201898.697.7
Jun 201898.999
Jul 20189998
Aug 20189997.6
Sep 201899.497.5
Oct 201899.492
Nov 201899.494.9
Dec 201899.795.2
Jan 2019100.696.4
Feb 2019101.395.6
Mar 2019101.296.4
Apr 2019101.196.5
May 2019101.196.8
Jun 2019101.196.4
Jul 2019101.395.8
Aug 2019101.496.3
Sep 2019101.396.8
Oct 2019101.189.8
Nov 2019101.393
Dec 201910193
Jan 202099.792.1
Feb 202010094.4
Mar 2020100.191.1
Apr 202099.788.2
May 202099.687.5
Jun 202099.786.1
Jul 202099.785.2
Aug 202099.683.9
Sep 202099.984.3
Oct 202099.985
Nov 202099.582.6
Dec 202099.679.1
Jan 202110079.9
Feb 202199.580.7
Mar 202199.881.4
Apr 2021100.281.7
May 2021100.980.4
Jun 2021101.581.2
Jul 2021102.583.2
Aug 2021102.482.5
Sep 2021102.882.4
Oct 2021103.982.7
Nov 2021104.582.5
Dec 2021105.582.5
Jan 2022107.982.5
Table 1 Manufacturing Industries Output Price Indices (excluding VAT)
 Base: Year 2015 as 100
PeriodManufacturing Industries Output Price IndexManufacturing Industries Output Price Index (Home Sales)Manufacturing Industries Output Price Index (Export Sales)
Price Index% Change on preceding periodAnnual % changePrice Index% Change on Preceding PeriodPrice Index% Change on Preceding Period
2015Quarter 199.0--99.9-98.9-
 Quarter 2100.81.8-99.90.0100.92.0
 Quarter 399.6-1.2-100.20.399.6-1.3
 Quarter 4100.61.0-100.0-0.2100.61.0
2016Quarter 199.6-1.00.699.5-0.599.7-0.9
 Quarter 298.4-1.2-2.4100.91.498.2-1.5
 Quarter 397.8-0.6-1.8100.4-0.597.7-0.5
 Quarter 4100.52.8-0.1100.1-0.3100.52.9
2017Quarter 1101.10.61.599.7-0.4101.20.7
 Quarter 2102.
 Quarter 398.2-4.10.499.60.198.1-4.4
 Quarter 493.4-4.9-7.198.4-1.293.2-5.0
2018Quarter 196.12.9-4.998.2-
 Quarter 297.51.5-4.898.80.697.41.4
 Quarter 397.80.3-0.499.10.397.70.3
 Quarter 494.2-3.70.999.50.494.0-3.8
 Quarter 296.80.5-0.7101.
 Quarter 396.5-0.3-1.3101.30.296.3-0.3
 Quarter 492.3-4.4-2.0101.1-0.291.9-4.6
2020Quarter 192.80.5-3.699.9-
 Quarter 287.8-5.4-9.399.7-0.287.3-5.6
 Quarter 385.1-3.1-11.899.70.084.5-3.2
 Quarter 483.0-2.5-
2021Quarter 181.5-1.8-
 Quarter 281.90.5-6.7100.
 Quarter 383.52.0-1.9102.61.782.72.0
 Quarter 483.50.00.6104.61.982.6-0.1
 April 95.8-0.4-7.498.80.495.6-0.5
Table 2 Industrial Producer Price Indices (excluding VAT)
Base: Year 2015 = 100
Industrial sector         IndexMonthly % ChangeAnnual % Change
NACE code1
Dec 2021Jan 2022Nov 2021Dec 2021Jan 2022Jan 2022
Food Products1098.1103.80.3-
       Meat and meat products101112.7117.
       Fish and fish products102131.8132.
       Fruit and vegetables10397.497.4-
       Vegetable and animal oils and fats104101.1102.6-
       Dairy products105131.7137.
       Grain milling, starches and animal feeds106,109108.3108.
       Bakery and farinaceous products10794.595.2-0.1-
       Other food products10882.990.0-1.6-8.68.6-5.2
Tobacco Products12******
Wearing apparel14109.1109.
Leather and leather products (incl. footwear); dressing and dyeing of fur15102.3102.
Wood and wood products16130.2130.81.0-0.20.524.1
Pulp, paper and paper products1797.
Printing and reproduction of recorded media18100.3102.3-
Coke and refined petroleum products19******
Chemicals and chemical products2098.999.
Basic pharmaceutical products and pharmaceutical preparations21******
Rubber and plastic products22106.1106.
Other non-metallic mineral products23115.7118.
Basic metals24123.1124.
Fabricated metal products, except machinery and equipment25107.3107.6-
Computer, electronic and optical products26******
Electrical equipment2791.
Machinery and equipment n.e.c.28******
Motor vehicles, trailers and semi-trailers29107.1107.
Other transport equipment30112.8113.
Furniture 31116.6117.
Other Manufacturing32******
Repair and Installation of machinery and equipment33******
Mining and quarrying05-09115.3118.3-
Total transportable goods industries3 83.683.7-
Food products, Beverages and Tobacco Products10-1297.7103.20.3-
Manufacturing industries excluding Food Products3 81.480.6-0.21.0-1.02.9
Manufacturing Industries excluding Food Products, Beverages and Tobacco Products3 81.280.4-0.10.9-1.02.9
Intermediate goods industries (except energy) ******
Capital goods industries ******
Durable consumer goods industries ******
Non-durable consumer goods industries ******
Manufacturing industries (home sales)2 105.5107.
Manufacturing industries (export sales)2, 3 82.582.5-
Total manufacturing industries2, 3 83.583.
1 Nace Rev. 2 Statistical classification of economic activities in the European Community.
2 Excludes Mining and quarrying.
3 Revised on 8/3/2022
* Data suppressed for confidentiality reasons.
Table 2A Contribution to changes in the Manufacturing Output Price Index, January 2022 (Table 2)
Industrial sectorNACE code 1Contribution to overall % change2
One monthTwelve months
Food Products100.921.06
       Meat and meat products1010.190.90
       Fish and fish products1020.000.02
       Fruit and vegetables1030.000.00
       Vegetable and animal oils and fats1040.000.00
       Dairy products1050.090.54
       Grain milling, starches and animal feeds106,1090.000.04
       Bakery and farinaceous products1070.000.00
       Other food products1080.63-0.45
Tobacco Products12**
Wearing apparel140.000.00
Leather and leather products (incl. footwear); dressing and dyeing of fur150.000.00
Wood and wood products160.000.11
Pulp, paper and paper products170.000.01
Printing and reproduction of recorded media180.010.02
Coke and refined petroleum products19**
Chemicals and chemical products200.020.04
Basic pharmaceutical products and pharmaceutical preparations21**
Rubber and plastic products220.010.10
Other non-metallic mineral products230.020.11
Basic metals240.010.14
Fabricated metal products, except Machinery and equipment250.000.06
Computer, electronic and optical products26**
Electrical equipment270.050.07
Machinery and Equipment n.e.c.28**
Motor vehicles, trailers and semi-trailers290.000.01
Other transport equipment300.000.00
Furniture 310.000.01
Other Manufacturing32**
Repair and Installation of machinery and equipment33**
Mining and quarrying05-090.010.09
1 Nace Rev. 2 Statistical classification of economic activities in the European Community.
2 See Background Notes.
* Data suppressed for confidentiality reasons
Table 3 Detailed Wholesale Price Indices (excluding VAT) for Building and Construction Materials
Base: Year 2015 = 100
MaterialsIndexMonthly % ChangeAnnual % Change
Dec 2021Jan 2022Nov 2021Dec 2021Jan 2022Jan 2022
Stone, sand and gravel109.6107.61.0-1.4-1.83.6
       Sand and gravel113.1113.6-1.2-
Ready mixed mortar and concrete110.1111.
Concrete blocks and bricks107.7107.
Other concrete products115.4118.
       Precast concrete126.1136.
       Other concrete products (Excluding precast concrete)117.2117.
Structural steel and reinforcing metal147.4150.1-0.1-0.11.828.2
       Structural steel135.6137.
              Fabricated metal132.2132.
              Other Structural steel163.5174.
       Reinforcing metal165.5169.4-0.1-0.32.456.7
       Other steel products110.5110.
Rough timber (including plain sawn)182.4184.
Other timber157.2157.10.20.1-0.149.3
       Windows and doors123.1123.
Bituminous macadam, asphalt and bituminous emulsions102.7104.
       Bituminous macadam and asphalt102.5104.
       Bituminous emulsions108.8109.11.0-0.20.312.4
Electrical fittings127.0127.
       Lighting equipment107.3107.
       Protection & communication equipment 106.3106.20.80.0-0.13.0
All other materials115.4117.
       Plumbing materials incl. sanitary ware114.2114.
       HVAC (heating & ventilation equipment) 110.0110.
       Insulating materials114.6116.
       Pipes and fittings118.1123.
       Paints, oils and varnishes126.2126.
       All other metal fittings115.4115.
       All other products112.5113.
All materials123.0124.
Table 4 Capital Goods Price Indices (excluding VAT)
Base: Year 2015 = 100
Capital goodsIndexMonthly % ChangeAnnual % Change
Dec 2021Jan 2022Nov 2021Dec 2021Jan 2022Jan 2022
Transportable capital for use in      
        of which:      
              Private vehicles1105.0105.
              Commercial vehicles106.9106.
Agriculture and industry111.0111.
Other sectors110.1110.
Total transportable capital110.6111.
Building and construction119.7120.
(i.e. materials and wages)      
All capital goods118.5119.
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 2015 = 100
Energy productsIndexMonthly % ChangeAnnual % Change
Dec 2021Jan 2022Nov 2021Dec 2021Jan 2022Jan 2022
Gas oil (other than autodiesel)112.9118.3-0.7-2.54.823.4
Fuel oil114.7120.7-0.6-
All energy fuels1115.3120.4-0.3-2.34.419.9
All energy products347.5288.7-4.019.0-16.9122.1
1 Energy products excluding electricity.

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.


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.


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.


This Wholesale Price Index series is compiled to base 2015 = 100. A methodological description of this updated series is given in the Wholesale Price Index Introduction to Series 2015=100 (1) (PDF 468KB)

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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