In the 12 months to March 2025, the Agricultural Output Price Index rose by 20.8%, while the Agricultural Input Price Index fell by 1.5%.
The Agricultural Output Price Index for March 2025 was up by 2.2% in the month since February 2025, while the Input Price Index was up by 0.8%.
The most significant Output Price increases in the 12 months to March 2025 were in Cattle (+40.4%), Milk (+17.6%), and Sheep (+4.3%), while decreases were recorded in Potatoes (-9.3%) and Vegetables (-1.6%).
Over the 12 months to March 2025, reductions in the Input prices were recorded for Feed (-5.5%), and Seeds (-1.9%), while Veterinary Expenses increased by 4.7% and Fertilisers went up by 3.6%.
Terms of Trade rose by 1.4% in March 2025 when compared with the previous month and was 22.7% higher when compared with March 2024.
| Agricultural Price Indices - March 2025 | |||
| Output | Input | Terms of Trade | |
| Base year 2020=100 | |||
| March 2024 | 138.3 | 128.9 | 107.2 |
| February 2025 | 163.4 | 125.9 | 129.7 |
| March 2025 | 167.0 | 127.0 | 131.5 |
| Monthly % Change | 2.2% | 0.8% | 1.4% |
| Annual % Change | 20.8% | -1.5% | 22.7% |
The overall monthly Agricultural Output and Input Price Indices are presented in Figure 1. Table 1 and Table 2 contain detailed indices listed from March 2024 to March 2025.
Figure 2 displays a selection of input price indices from March 2024 to March 2025.
Figure 3 shows the main components of the output price index of agricultural products from March 2024 to March 2025.
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Statistician's Comment
The Central Statistics Office (CSO) has today (14 May 2025) published Agricultural Price Indices March 2025.
Commenting on the release, Sam Scriven, Senior Statistician in the Agriculture Division, said: "Agricultural prices rose in the month to March 2025 with the Agricultural Output Price Index increasing by 2.2% and the Input Price Index rising by 0.8%.
Compared with March 2024, the Output Price Index has risen by 20.8%, while the Input Price Index has fallen by 1.5%.
The Output Price Indices for Cattle (+40.4%), Milk (+17.6%), and Sheep (+4.3%) all rose over the 12 months to March 2025 while the Indices for Potatoes (-9.3%) and Vegetables (-1.6%) were both lower than in March 2024.
Within the Input Price Index, Feeding Stuffs (-5.5%), and Seeds (-1.9%) were lower than in March 2024."