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CSO statistical release, , 11am

Agricultural Price Indices

August 2020

OutputInputTerms of Trade
Base year 2015=100
August 201997.6104.993.0
July 2020104.1101.9102.2
August 2020103.2101.8101.4
Monthly % Change-0.9%-0.1%-0.8%
Annual % Change5.8%-3.0%9.1%

Agricultural input price index down 3% in the year to August 2020

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The agricultural output price index decreased by 0.9% in August 2020 compared with July 2020. The agricultural input price index decreased by 0.1% over the same period. Thus, the resulting terms of trade index was down 0.8% in this period. See Tables 1, 2 and graph.

On an annual basis, the agricultural input price index decreased by 3% in August 2020 compared with August 2019. The agricultural output price index increased by 5.8% in August 2020 compared with August 2019. See Tables 1 and 2.

A further comparison of the August 2020 output sub-indices with the August 2019 sub-indices shows that sheep and cattle increased by 12.8% and 11.7% respectively.

On the input side, the August 2020 sub-indices show that  fertilisers and energy were down 11.8% and 9.3% respectively on August 2019 prices.