Wholesale prices in Ireland fell 6.8 percent year-on-year in March 2019, after declining 9.4 percent in the previous month. The biggest price decreases were recorded for grain milling, starches and animal feeds (-18.7 percent vs -26.6 percent), dairy products (-7.9 percent vs -11.5 percent), furniture (-8.8 percent vs -13.5 percent), and motor vehicles, trailers and semi-trailers (-2.5 percent vs -2.6 percent). On a monthly basis, wholesale prices rose 1.4 percent, reversing a 1.2 percent drop in February. Producer Prices Change in Ireland averaged 3.13 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 -2.60 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 1.00 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.