FX.co ★ Ireland Wholesale Prices Fall the Most in 18 Months

Wholesale prices in Ireland experienced a 3.6% reduction year-on-year in April 2025, following a 1.9% drop in March. This represents the third straight month of declining wholesale prices, with the April decrease being the most significant since October 2023. The downturn was driven by a notable 4.5% fall in non-food item prices, compared to a 2.9% decrease previously, particularly affecting rubber and plastic products, which saw a 3.1% drop, and the mining and quarrying sector, down by 2.3%. Meanwhile, costs for food products eased to a 4% increase from the previous 5.9%, influenced by a significant reduction in prices for vegetable and animal oils and fats, which fell by 16.2%, as well as a 1.1% decline in grain milling, starches, and animal feeds. On a month-to-month basis, wholesale prices decreased by 1.4% in April, marking a slower decline than the 2.4% reduction reported in March.