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CSO statistical release, , 11am

Agricultural Price Indices

May 2021

OutputInputTerms of Trade
Base year 2015=100
May 2020102.4101.6100.7
April 2021113.7107.8105.5
May 2021116.1109.2106.3
Monthly % Change2.1%1.3%0.8%
Annual % Change13.4%7.4%5.6%

Agricultural output price index up 13.4% in the year to May 2021

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The agricultural output price index increased by 2.1% in May 2021 compared with April 2021. The agricultural input price index increased by 1.3% over the same period. Thus, the resulting terms of trade index was up 0.8% in this period. See Tables 1, 2 and graph.

On an annual basis, the agricultural input price index increased by 7.4% in May 2021 compared with May 2020. The agricultural output price index increased by 13.4% in May 2021 compared with May 2020. See Tables 1 and 2.

A further comparison of the May 2021 output sub-indices with the May 2020 sub-indices shows that sheep and milk increased by 29.8% and 20.3% respectively.

On the input side, the May 2021 sub-indices show that energy and fertilisers were up 18.2% and 14.6% respectively on May 2020 prices.