Factory Gate Prices Rose 0.9% in November
Monthly factory gate prices increased by 0.9% in November 2016, according to data released by the CSO on Thursday. This compares to an increase of 2.9% for November of last year. The annual percentage change showed a decrease of 0.3% in November 2016, compared with an increase of 1.6% in the year to October 2016.
Price index for export sales increased by 0.8%, while the index for home sales increased by 1.5% for November. In the year there was a decrease of 0.4% in the price index for export sales (this can be influenced by currency fluctuations) and an increase of 0.8% in respect of the price index for home sales.
In the month, the most significant changes were increases in Computer, electronic and optical products (+1.4%), Dairy products (+1.4%) and Basic pharmaceutical products and pharmaceutical preparations (+1.3%) while there was a decrease in Other manufacturing including medical and dental instruments and supplies (-2.0%).
Contributing to the annual change were decreases in Printing and reproduction of recorded media (-11.5%), Meat and meat products (-2.4%) and Basic pharmaceutical products and pharmaceutical preparations (-1.0%) while there were increases in Dairy products (+5.9%), Other manufacturing including medical and dental instruments and supplies (+4.5%) and Computer, electronic and optical products (+1.8%).
The yearly price index for Mining and quarrying increased by 10.7% while the monthly index increased by 5.2%.
Building and Construction All materials prices increased by 1.7% in the year since November 2015. The most notable yearly changes were increases in Sand and gravel (+28.1%), Fabricated metal (+6.7%) and Lighting equipment (+6.6%) while there were decreases in Hardwood (-7.3%), Glass (-4.1%) and Copper pipes and fittings (-2.5%). Building and Construction All materials prices increased by 0.3% in the month.
Year on year, the price of Capital goods increased by 0.9%, while the monthly price index increased by 0.1%. The price of Energy products increased by 5.6% in the year since November 2015, while Petroleum fuels increased by 0.9%. In November 2016, the monthly price index for Energy products increased by 0.7%, while Petroleum fuels decreased by 3.4%.