FX.co ★ Ireland Wholesale Prices Fall at Softer Pace

In May 2025, Ireland's wholesale prices experienced a year-on-year decrease of 1.8%, improving from a 3.6% decline observed in April. This decline marks the fourth consecutive month of falling wholesale prices, albeit at a moderated rate. The cost of food products saw a faster increase (5.1% compared to 4% in April), with notable rises in dairy products (22%) and meat & meat products (7.9%). Meanwhile, the decline in prices for non-food items slowed (-2.6% versus -4.5%), largely due to a significant price increase in chemicals and chemical products (17.4%). On a monthly scale, wholesale prices rose by 0.8% in May, marking the first increase in four months, reversing from a 1.4% decline in the prior period.