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Information Note - Wholesale Price Index Revision September 2023

CSO publication, 23 November 2023, 11am

Information Note - Wholesale Price Index Revision September 2023

The Wholesale Price Index (WPI) for September 2023 was published on 20 October 2023. An error in the application of currency exchange rates for the WPI was recently discovered where August 2023 exchange rates were applied to the export manufacturing data instead of exchange rates for September 2023.

As of 23 November 2023, all the necessary corrections have been made to September 2023 data on export sales. The analysis and outputs of the WPI data for September 2023 including all of the relevant tables, graphs, and text of the September 2023 WPI release have been updated to reflect these corrections. The following PxStat tables were also updated: WPM24 and WPM25. Users should note that the data in Tables 3, 4, and 5 of the WPI release were not impacted.

The error resulted in an under-estimation of the WPI for September 2023. The overall producer price index for manufacturing for September 2023 was 86.1 when it should have been 87.0.

For more details on the impact of the correction please see Tables 1, 2, and 2a below which show the values from the WPI release originally published on 20 October 2023 with the revised estimates published today, 23 November 2023.

We apologise for any inconvenience this error may have caused.

Table 1 Manufacturing Industries Output Price Indices (excluding VAT): Comparison of September 2023 WPI results published on 20 October 2023 with revised results published on 23 November 2023

Table 2 Industrial Producer Price Indices (excluding VAT): Comparison of September 2023 WPI results published on 20 October 2023 with revised results published on 23 November 2023

Table 2 Industrial Producer Price Indices (excluding VAT): Comparison of September 2023 WPI results published on 20 October 2023 with revised results published on 23 November 2023
Base: Year 2015 as 100
Industrial sector	NACE code¹	Published 20 October 2023			Revised 23 November 2023
		Index	Monthly % Change	Annual % Change	Index	Monthly % Change	Annual % Change
		Index	Monthly % Change	Annual % Change	Index	Monthly % Change	Annual % Change
		Sep 2023	Sep 2023	Sep 2023	Sep 2023	Sep 2023	Sep 2023
		Sep 2023	Sep 2023	Sep 2023	Sep 2023	Sep 2023	Sep 2023
Food Products	10	101.3	-0.5	-8.1	102.0	0.2	-7.4
Meat and meat products	101	117.1	-0.1	-0.1	117.2	0.0	0.0
Fish and fish products	102	153.0	0.0	-0.5	153.4	0.3	-0.3
Fruit and vegetables	103	116.0	0.0	13.4	116.0	0.0	13.4
Vegetable and animal oils and fats	104	92.9	0.0	-7.6	93.0	0.1	-7.5
Dairy products	105	134.3	-4.5	-25.6	134.3	-4.5	-25.6
Grain milling, starches and animal feeds	106,109	119.9	-0.1	-2.0	119.9	-0.1	-2.0
Bakery and farinaceous products	107	98.8	-0.1	1.6	98.9	0.0	1.7
Other food products	108	84.0	0.4	-8.5	85.3	1.9	-7.1
Beverages	11	118.0	-0.3	8.1	118.8	0.3	8.8
Tobacco products	12	..	..	..	..	..	..
Textiles	13	106.1	0.0	-5.1	106.1	0.0	-5.1
Wearing apparel	14	118.9	0.0	6.7	118.9	0.0	6.7
Leather and leather products (incl. footwear); dressing and dyeing of fur	15	102.7	0.0	0.0	102.7	0.0	0.0
Wood and wood products	16	153.6	-0.1	-8.5	153.6	-0.1	-8.5
Pulp, paper and paper products	17	102.7	-1.4	1.6	102.7	-1.4	1.6
Printing and reproduction of recorded media	18	107.4	1.4	4.5	107.4	1.4	4.5
Coke and refined petroleum products	19	..	..	..	..	..	..
Chemicals and chemical products	20	100.9	0.0	-0.1	101.0	0.1	0.0
Basic pharmaceutical products and pharmaceutical preparations	21	..	..	..	..	..	..
Rubber and plastic products	22	121.2	1.3	3.6	121.3	1.4	3.7
Other non-metallic mineral products	23	144.7	-0.3	7.7	144.8	-0.2	7.8
Basic metals	24	122.3	-0.3	-6.5	122.3	-0.3	-6.5
Fabricated metal products, except machinery and equipment	25	116.1	0.0	2.4	116.2	0.1	2.5
Computer, electronic and optical products	26	..	..	..	..	..	..
Electrical equipment	27	103.2	0.0	3.6	103.4	0.2	3.8
Machinery and Equipment n.e.c.	28	..	..	..	..	..	..
Motor vehicles, trailers and semi-trailers	29	107.9	0.0	0.0	107.9	0.0	0.0
Other transport equipment	30	115.4	0.0	0.3	115.4	0.0	0.3
Furniture	31	129.7	0.0	2.3	129.7	0.0	2.3
Other Manufacturing	32	..	..	..	..	..	..
Repair and installation of machinery and equipment	33	..	..	..	..	..	..
Mining and quarrying	05-09	124.3	-0.2	-2.8	125.1	0.5	-2.2

Total transportable goods industries		86.3	-0.8	-2.5	87.1	0.1	-1.6

Food products, Beverages and Tobacco Products	10-12	101.8	-0.5	-7.3	102.6	0.3	-6.6
Manufacturing Industries excluding Food Products		83.9	-1.1	-1.5	84.8	0.0	-0.5
Manufacturing Industries excluding Food Products, Beverages and Tobacco Products		83.6	-0.9	-1.5	84.4	0.0	-0.6
Intermediate goods industries (except energy)		..	..	..	..	..	..
Capital goods industries		..	..	..	..	..	..
Durable consumer goods industries		..	..	..	..	..	..
Non-durable consumer goods industries		..	..	..	..	..	..

Manufacturing industries (home sales)²		111.3	-0.6	-1.9	111.3	-0.6	-1.9
Manufacturing industries (export sales)²		85.0	-0.9	-2.6	85.9	0.1	-1.6
Total manufacturing industries²		86.1	-0.9	-2.6	87.0	0.1	-1.6
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: Table 2 Industrial Producer Price Indices (excluding VAT): Comparison of September 2023 WPI results published on 20 October 2023 with revised results published on 23 November 2023 (XLS 17KB)

Table 2A Contribution to changes in the Manufacturing Output Price Index, September 2023 (Table 2): Comparison of September 2023 WPI results published on 20 October 2023 with revised results published on 23 November 2023

Table 2A Contribution to changes in the Manufacturing Output Price Index, September 2023 (Table 2): Comparison of September 2023 WPI results published on 20 October 2023 with revised results published on 23 November 2023
Industrial sector	NACE code 1	Published 20 October 2023		Revised 23 November 2023
		Contribution to overall % change²		Contribution to overall % change²
		One month	Twelve months	One month	Twelve months
Food Products	10	-0.08	-1.34	0.04	-1.22
Meat and meat products	101	0.00	0.00	0.00	0.00
Fish and fish products	102	0.00	0.00	0.00	0.00
Fruit and vegetables	103	0.00	-0.02	0.00	-0.02
Vegetable and animal oils and fats	104	0.00	0.00	0.00	0.00
Dairy products	105	-0.10	-0.70	-0.10	-0.70
Grain milling, starches and animal feeds	106,109	0.00	0.04	0.00	0.04
Bakery and farinaceous products	107	0.00	0.00	0.00	0.00
Other food products	108	0.02	-0.66	0.14	-0.54
Beverages	11	0.00	0.09	0.00	0.10
Tobacco Products	12	..	..	..	..
Textiles	13	0.00	-0.01	0.00	-0.01
Wearing apparel	14	0.00	0.00	0.00	0.00
Leather and leather products (incl. footwear); dressing and dyeing of fur	15	0.00	0.00	0.00	0.00
Wood and wood products	16	0.00	-0.06	0.00	-0.06
Pulp, paper and paper products	17	0.00	0.00	0.00	0.00
Printing and reproduction of recorded media	18	0.01	0.02	0.01	0.02
Coke and refined petroleum products	19	..	..	..	..
Chemicals and chemical products	20	0.00	0.00	0.00	0.00
Basic pharmaceutical products and pharmaceutical preparations	21	..	..	..	..
Rubber and plastic products	22	0.01	0.04	0.01	0.04
Other non-metallic mineral products	23	0.00	0.07	0.00	0.07
Basic metals	24	0.00	-0.03	0.00	-0.03
Fabricated metal products, except Machinery and equipment	25	0.00	0.02	0.00	0.02
Computer, electronic and optical products	26	..	..	..	..
Electrical equipment	27	0.00	-0.02	0.00	-0.02
Machinery and equipment n.e.c.	28	..	..	..	..
Motor vehicles, trailers and semi-trailers	29	0.00	0.00	0.00	0.00
Other transport equipment	30	0.00	0.00	0.00	0.00
Furniture	31	0.00	0.01	0.00	0.01
Other Manufacturing	32	..	..	..	..
Repair and Installation of machinery and equipment	33	..	..	..	..
Mining and quarrying	05-09	0.00	-0.02	0.00	-0.01
¹ Nave Rev. 2 Statistical classification of economic activities in the European Community
² See Background Notes
.. Data suppresed for confidentiality reasons

Open in Excel: Table 2A Contribution to changes in the Manufacturing Output Price Index, September 2023 (Table 2): Comparison of September 2023 WPI results published on 20 October 2023 with revised results published on 23 November 2023 (XLS 13KB)

For further information please contact

Jillian Delaney (+353) 21 453 5258
Ronan O'Sullivan (+353) 21 453 5216
Email: wpi@cso.ie

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Information Note - Wholesale Price Index Revision September 2023

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Information Note - Wholesale Price Index Revision September 2023

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Table 1 Manufacturing Industries Output Price Indices (excluding VAT): Comparison of September 2023 WPI results published on 20 October 2023 with revised results published on 23 November 2023
Base: Year 2015 as 100
	Manufacturing Industries Output Price Index			Manufacturing Industries Output Price Index (Home Sales)		Manufacturing Industries Output Price Index (Export Sales)
	Price Index	% Change on Preceding Period	Annual % change	Price Index	% Change on Preceding Period	Price Index	% Change on Preceding Period
Published 20 October 2023	86.1	-0.9	-2.6	111.3	-0.6	85.0	-0.9
Revised 23 November 2023	87.0	0.1	-1.6	111.3	-0.6	85.9	0.1