FX.co ★ Ireland Wholesale Prices Drop Faster in June

In June 2025, wholesale prices in Ireland experienced a 4.6% year-on-year decrease, compared to a 1.8% reduction in May, marking the steepest decline in a series of five consecutive months of falling prices. This trend was largely influenced by moderated costs in the food sector, with prices for food products dropping by 4.2%, down from 6.3% in May, and particularly affecting meat and meat products, which saw a 6.4% decrease from 7.9%. Additionally, there was a slowdown in price growth for paper and paper products, with a rise of just 1.2% compared to 2.4% in the prior month. Mining and quarrying prices declined further, from -2.6% to -3.7%, and transportable goods saw a more significant decrease, from -1.8% to -4.6%. Conversely, producer price deflation slightly eased for motor vehicles, trailers, and semi-trailers, improving marginally from -0.7% to -0.6%. On a month-to-month basis, wholesale prices fell by 2% in June, counteracting a 0.8% increase in the previous month.