Wholesale prices in Ireland decreased 4.4 percent year-on-year in August 2019, following a 5.9 percent fall in the previous month. The biggest declines were recorded for chemicals & chemical products (-0.4 percent, the same as in July); printing & reproduction of recorded media (-0.9 percent from -0.5 percent); paper & paper products (-0.4 percent from -0.1 percent); basic metals (-5.7 percent from -4.5 percent); motor vehicles, trailers & semi-trailers (-2.6 percent from -2.5 percent); and furniture (-0.2 percent, the same as in July). On a monthly basis, wholesale prices rose 0.3 percent, rebounding from a 0.7 percent fall in the prior month. Producer Prices Change in Ireland averaged 3.04 percent from 1976 until 2019, reaching an all time high of 22.13 percent in January of 1977 and a record low of -10.61 percent in June of 2003.
Producer Prices Change in Ireland is expected to be -0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Ireland to stand at 1.50 in 12 months time. In the long-term, the Ireland Wholesale Prices Change is projected to trend around 1.70 percent in 2020, according to our econometric models.