Agricultural input price index up by over 28% in the year from February 2021.
Agricultural output price index up by just over 19% in the year from February 2021.
The annual terms of trade was down 7.1%.
On a monthly basis, the agricultural output price index is up by almost 3% when compared with January 2022.
The agricultural input price index is also up almost 3% in the same time period.
The monthly terms of trade remained the same in the month of February 2022.
Agricultural Price Indices - February 2020 | |||
Output | Input | Terms of Trade | |
Base year 2015=100 | |||
February 2021 | 108.5 | 104.8 | 103.5 |
January 2022 | 125.6 | 130.7 | 96.1 |
February 2022 | 129.3 | 134.5 | 96.1 |
Monthly % Change | 2.9% | 2.9% | 0.0% |
Annual % Change | 19.2% | 28.3% | -7.1% |
Total outputs | Total inputs | |
Jan 2019 | 104.101 | 105.654 |
Feb 2019 | 104.274 | 105.649 |
Mar 2019 | 103.945 | 105.929 |
Apr 2019 | 104.302 | 106.033 |
May 2019 | 107.743 | 105.774 |
Jun 2019 | 107.416 | 105.489 |
Jul 2019 | 102.366 | 105.173 |
Aug 2019 | 97.619 | 104.931 |
Sep 2019 | 99.458 | 104.454 |
Oct 2019 | 100.807 | 104.264 |
Nov 2019 | 101.401 | 103.66 |
Dec 2019 | 103.969 | 103.481 |
Jan 2020 | 105.565 | 104.307 |
Feb 2020 | 106.971 | 102.954 |
Mar 2020 | 103.906 | 102.481 |
Apr 2020 | 100.15 | 101.965 |
May 2020 | 102.35 | 101.575 |
Jun 2020 | 102.853 | 101.768 |
Jul 2020 | 104.228 | 101.815 |
Aug 2020 | 103.694 | 101.728 |
Sep 2020 | 105.292 | 101.44 |
Oct 2020 | 105.112 | 101.709 |
Nov 2020 | 104.791 | 102.156 |
Dec 2020 | 105.91 | 102.424 |
Jan 2021 | 106.502 | 103.407 |
Feb 2021 | 108.461 | 104.843 |
Mar 2021 | 111.102 | 106.397 |
Apr 2021 | 113.791 | 107.715 |
May 2021 | 116.124 | 109.121 |
Jun 2021 | 116.499 | 110.247 |
Jul 2021 | 115.991 | 111.187 |
Aug 2021 | 116.471 | 111.983 |
Sep 2021 | 119.413 | 113.561 |
Oct 2021 | 119.927 | 117.724 |
Nov 2021 | 119.846 | 119.43 |
Dec 2021 | 124.576 | 123.849 |
Jan 2022 | 125.593 | 130.686 |
Feb 2022 | 129.278 | 134.483 |
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Statistician's Comment
The Central Statistics Office (CSO) has today (12 April 2022) released Agricultural Price Indices February 2022.
Commenting on the release, Anthony Dawson, Statistician, said: "Today's release details price indices for February 2022. The most significant change is in the price of fertilisers where the price index is up 7.5% in the month from January 2022 and has increased by more than 134% in the year from February 2021. This trend of input price increases is also seen in energy and feed prices which are up 33.3% and 19.3% respectively in the year.
Increases can also been seen in the output price sub indices where the monthly price of milk has risen by 4.9% in the month from January 2022 and is up 28% in the year while cattle prices are up more than 18% annually.
More generally, the monthly agricultural output and input price indices were both up by 2.9% in the month from January 2022 to February 2022. A more detailed look at the monthly output sub-indices shows increases in cattle prices (+3%), while the monthly input sub-indices saw a growth in energy prices (+4%) and feed prices (+2.3%). As a result, there was no change in the terms of trade for February 2022.
Annually, the agricultural output prices index is up 19.2% while the input price index is up 28.3%. The resulting annual change in the terms of trade was down 7.1%."