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CSO statistical release, , 11am

Agricultural Price Indices

November 2021

OutputInputTerms of Trade
Base year 2015=100
November 2020104.8102.2102.6
October 2021120.0117.7102.0
November 2021119.9119.4100.4
Monthly % Change-0.0%1.5%-1.5%
Annual % Change14.4%16.9%-2.1%

Agricultural output price index up 14.4% in the year to November 2021

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The agricultural output price index shows no change in November 2021 compared with October 2021. The agricultural input price index increased by 1.5% over the same period. Thus, the resulting terms of trade index was down 1.5% in this period. See Tables 1, 2 and graph.

On an annual basis, the agricultural input price index increased by 16.9% in November 2021 compared with November 2020. The agricultural output price index increased by 14.4% in November 2021 compared with November 2020. See Tables 1 and 2.

A further comparison of the November 2021 output sub-indices with the November 2020 sub-indices shows that sheep and milk increased by 27.3% and 16.9% respectively.

On the input side, the November 2021 sub-indices show that fertilisers and motor fuels were up 55.2% and 39.5% respectively on November 2020 prices.