FX.co ★ Ireland Wholesale Prices Drop Most Since 2023

In November 2025, Ireland witnessed a notable 5.3% decrease in wholesale prices compared to the same period the previous year, marking the most significant decline since July 2023. This downward trend intensified from the 3.5% fall recorded in October. The reduction was primarily influenced by a significant drop in export producer prices, which fell by 6.0%, and a substantial 16.0% decrease in wholesale electricity prices. The overall manufacturing sector experienced a similar 5.3% reduction, while prices in the mining and quarrying sectors decreased by 2.6%. Counterbalancing these declines to some extent, food producer prices saw a 3.0% increase, buoyed by significant rises in dairy (11.1%), meat (6.7%), and fish (5.1%) prices, with chemical prices surging by 30.8%. Additionally, the cost of construction products went up by 1.0%, accompanied by a 2.0% increase in the building and construction index. On a month-to-month basis, wholesale prices remained stable, following a 0.7% rise in October.