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Wholesale Price Index January 2025

Wholesale electricity prices rose by almost 68% in the 12 months to January 2025

Online ISSN: 2009-5198

CSO statistical publication, 21 February 2025, 11am

Key Findings

Wholesale electricity prices rose by 22.3% in the month to January 2025 and were 67.7% higher than January 2024.
Domestic producer prices for manufactured goods were on average 1.4% higher in January 2025 when compared with a year earlier, while producer prices for exported goods were up by 2.1%. Overall, manufacturing producer prices were 2.1% higher in the year.
Producer prices for food products increased by 7.6% in the 12 months to January 2025, while the Food Products, Beverages & Tobacco Index was up by 6.4%.
Some of the most notable changes in producer prices for food products over the 12 months to January 2025 were: Dairy Products (+18.6%), Other Food Products (+8.6%), Meat & Meat Products (+4.1%), and Grain Milling, Starches & Animal Feeds (-2.9%).
The most notable changes in other producer prices in the year to January 2025 were: Mining & Quarrying (+4.0%), Furniture (+3.5%), Chemicals & Chemical Products (-13.7%), and Rubber & Plastic Products (-3.3%).
Wholesale prices for construction products grew by 0.1% in the month to January 2025 and rose by 1.3% in the 12 months since January 2024.

Statistician's Comment

The Central Statistics Office (CSO) has today (21 February 2025) published the Wholesale Price Index (WPI) for January 2025.

Commenting on the release, Deirdre Toher, Statistician in the Prices Division, said:

“Wholesale price inflation showed an increase in January 2025 with a 0.1% growth in the overall Producer Price Index for manufacturing industries in the month. The price index for export sales was up by 0.1% since December 2024, while the index for home sales was up 0.5% in the month. Producer prices for products sold on the domestic market were 1.4% higher in January 2025 compared with January 2024. In the 12 months to January 2025, export producer prices rose by 2.1% while overall producer prices were up by 2.1%.

Electricity Prices

Wholesale electricity prices rose by 22.3% in January 2025 when compared with December 2024 and were 67.7% higher than January 2024. They have fallen by 56.8% when compared with the peak that occurred in August 2022.

Construction Products

The All Materials Index for construction products increased by 0.1% in January 2025 and rose by 1.3% in the 12 months since January 2024. The Building & Construction Index (i.e. Materials and Wages) was up by 0.1% in the month and was 2.2% higher than the same month last year (See Tables 3 and 4)."

Key Figures

Wholesale Price Index- January 2025
	Price index (Year ‘21=100)	% monthly change	% annual change
Nov 2024	109.7	1.9%	2.1%
Dec 2024	110.4	0.6%	3.3%
Jan 2025	110.5	0.1%	2.1%

Open in Excel: Wholesale Price Index January 2025 Headline Table (XLS 10KB)

Wholesale prices for construction products increased by 1.3% over the 12 months to January 2025

Notable annual increases and decreases in construction products as shown in Table 3 include:

Concrete Blocks & Bricks: +8.0%
Sand & Gravel: +7.7%
Other Structural Steel: +6.1%
Cement: +5.7%
Reinforcing Metal: -8.8%

The Building & Construction Index (i.e. Materials and Wages) rose by 0.1% in the month to January 2025 and was up by 2.2% in the 12 months to January 2025. This index combines the All Materials Index with a measure of the change in wages in the Construction sector to provide an overall index for input construction costs (See Table 4).

Wholesale electricity prices increased by 67.7% annually

There was an increase of 22.3% in the price of wholesale electricity in January 2025. The price of electricity was 67.7% higher than in January 2024 and was 56.8% lower when compared with the peak that occurred in August 2022.

The price index for all energy fuels rose by 6.3% in January 2025 and was up by 2.0% in the year since January 2024.

The overall Energy Products Index was up by 18.6% since December 2024 and was 48.0% higher when compared with January 2024 (See Figure 3 and Table 5).

Table 1 Manufacturing Industries Output Price Indices (excluding VAT)

Table 1 Manufacturing Industries Output Price Indices (excluding VAT)
Base: Year 2021 as 100
		Manufacturing Industries Output Price Index			Manufacturing Industries Output Price Index (Home Sales)		Manufacturing Industries Output Price Index (Export Sales)
		Manufacturing Industries Output Price Index			Manufacturing Industries Output Price Index (Home Sales)		Manufacturing Industries Output Price Index (Export Sales)
Period		Price Index	% Change on preceding period	Annual % change	Price Index	% Change on Preceding Period	Price Index	% Change on Preceding Period
Period		Price Index	% Change on preceding period	Annual % change	Price Index	% Change on Preceding Period	Price Index	% Change on Preceding Period
2021	Year	100.0			100.0		100.0
2022	Year	109.0	9.0	9.0	110.7	10.7	108.8	8.8
2023	Year	107.5	-1.4	-1.4	115.1	4.0	106.8	-1.8
2024	Year	108.5	0.9	0.9	115.4	0.3	107.8	0.9

2021	Quarter 1	98.7			98.2		98.7
	Quarter 2	98.4	-0.3		99.3	1.1	98.4	-0.3
	Quarter 3	100.2	1.8		100.6	1.3	100.2	1.8
	Quarter 4	102.6	2.4		101.9	1.3	102.7	2.5

2022	Quarter 1	103.8	1.2	5.2	104.7	2.7	103.7	1.0
	Quarter 2	108.9	4.9	10.7	109.5	4.6	108.8	4.9
	Quarter 3	112.2	3.0	12.0	113.4	3.6	112.0	2.9
	Quarter 4	111.2	-0.9	8.4	115.2	1.6	110.8	-1.1

2023	Quarter 1	108.6	-2.3	4.6	116.1	0.8	107.8	-2.7
	Quarter 2	106.8	-1.7	-1.9	115.5	-0.5	105.9	-1.8
	Quarter 3	106.8	0.0	-4.8	114.2	-1.1	106.1	0.2
	Quarter 4	108.0	1.1	-2.9	114.4	0.2	107.3	1.1

2024	Quarter 1	109.1	1.0	0.5	115.0	0.5	108.5	1.1
	Quarter 2	108.8	-0.3	1.9	115.3	0.3	108.2	-0.3
	Quarter 3	106.7	-1.9	-0.1	115.4	0.1	105.9	-2.1
	Quarter 4	109.3	2.4	1.2	115.8	0.3	108.6	2.5

2021	January	97.8			97.3		97.8
	February	99.2	1.4		98.5		99.2
	March	99.1	-0.1		98.7		99.2
	April	98.8	-0.3		98.9		98.8
	May	98.2	-0.6		99.4		98.1
	June	98.3	0.1		99.6		98.2
	July	100.1	1.8		100.4		100.1
	August	100.4	0.3		100.6		100.4
	September	100.2	-0.2		100.7		100.2
	October	101.6	1.4		101.3		101.7
	November	102.6	1.0		101.5		102.7
	December	103.5	0.9		102.9		103.6

2022	January	103.2	-0.3	5.5	103.4	0.5	103.2	-0.4
	February	102.7	-0.5	3.5	104.7	1.3	102.5	-0.7
	March	105.4	2.6	6.4	106.1	1.3	105.4	2.8
	April	106.6	1.1	7.9	108.7	2.5	106.4	0.9
	May	109.9	3.1	11.9	109.5	0.7	110.0	3.4
	June	110.1	0.2	12.0	110.2	0.6	110.1	0.1
	July	112.5	2.2	12.4	112.1	1.7	112.5	2.2
	August	111.2	-1.2	10.8	113.0	0.8	111.0	-1.3
	September	112.8	1.4	12.6	115.1	1.9	112.6	1.4
	October	115.4	2.3	13.6	115.4	0.3	115.4	2.5
	November	109.9	-4.8	7.1	115.1	-0.3	109.4	-5.2
	December	108.2	-1.5	4.5	115.1	0.0	107.5	-1.7

2023	January	108.3	0.1	4.9	116.3	1.0	107.5	0.0
	February	108.3	0.0	5.5	116.4	0.1	107.5	0.0
	March	109.1	0.7	3.5	115.7	-0.6	108.5	0.9
	April	105.8	-3.0	-0.8	115.6	-0.1	104.8	-3.4
	May	107.1	1.2	-2.5	115.5	-0.1	106.2	1.3
	June	107.5	0.4	-2.4	115.4	-0.1	106.7	0.5
	July	104.7	-2.6	-6.9	113.9	-1.3	103.8	-2.7
	August	106.9	2.1	-3.9	114.2	0.3	106.2	2.3
	September	108.8	1.8	-3.5	114.5	0.3	108.3	2.0
	October	109.6	0.7	-5.0	114.5	0.0	109.1	0.7
	November	107.4	-2.0	-2.3	114.2	-0.3	106.7	-2.2
	December	106.9	-0.5	-1.2	114.5	0.3	106.1	-0.6

2024	January	108.2	1.2	-0.1	115.1	0.5	107.6	1.4
	February	110.0	1.7	1.6	115.2	0.1	109.5	1.8
	March	109.0	-0.9	-0.1	114.8	-0.3	108.4	-1.0
	April	109.3	0.3	3.3	115.2	0.3	108.7	0.3
	May	108.1	-1.1	0.9	115.3	0.1	107.4	-1.2
	June	109.1	0.9	1.5	115.5	0.2	108.5	1.0
	July	107.4	-1.6	2.6	115.5	0.0	106.6	-1.8
	August	106.8	-0.6	-0.1	115.4	-0.1	105.9	-0.7
	September	106.0	-0.7	-2.6	115.4	0.0	105.1	-0.8
	October	107.7	1.6	-1.7	115.6	0.2	106.9	1.7
	November	109.7	1.9	2.1	115.6	0.0	109.2	2.2
	December	110.4	0.6	3.3	116.1	0.4	109.8	0.5

2025	January	110.5	0.1	2.1	116.7	0.5	109.9	0.1

Open in Excel: Wholesale Price Index January 2025 Table 1 (XLS 21KB)

Table 2 Industrial Producer Price Indices (excluding VAT)

Table 2 Industrial Producer Price Indices (excluding VAT)
Base: Year 2021 as 100
Industrial Sector		NACE code¹	Index		Monthly % Change			Annual % Change
			Dec 2024	Jan 2025	Nov 2024	Dec 2024	Jan 2025	Jan 2025
			Dec 2024	Jan 2025	Nov 2024	Dec 2024	Jan 2025	Jan 2025
Food Products		10	115.5	120.0	1.0	1.2	3.9	7.6
	Meat and meat products	101	133.3	133.3	0.0	3.8	0.0	4.1
	Fish and fish products	102	126.6	126.7	0.0	0.0	0.1	0.5
	Fruit and vegetables	103	100.5	100.5	0.0	0.0	0.0	0.0
	Vegetable and animal oils and fats	104	93.2	93.2	0.0	0.0	0.0	0.0
	Dairy products	105	112.5	121.6	0.0	0.0	8.1	18.6
	Grain milling, starches and animal feeds	106,109	111.7	111.9	-0.1	0.0	0.2	-2.9
	Bakery and farinaceous products	107	113.3	113.0	0.0	0.1	-0.3	2.4
	Other food products	108	109.1	115.4	1.9	0.5	5.8	8.6
Beverages		11	116.1	116.6	0.9	-2.0	0.4	-1.6
Tobacco		12	..	..	..	..	..	..
Textiles		13	108.4	109.3	0.0	0.0	0.8	1.5
Wearing apparel		14	107.8	108.1	0.0	0.0	0.3	2.3
Leather and leather products (incl. footwear); dressing and dyeing of fur		15	114.4	113.9	-0.1	0.2	-0.4	0.6
Wood and wood products		16	118.7	118.0	0.0	0.3	-0.6	1.0
Pulp, paper and paper products		17	106.2	107.4	-0.1	0.1	1.1	2.4
Printing and reproduction of recorded media		18	102.0	102.0	0.0	0.0	0.0	0.0
Coke and refined petroleum products		19	..	..	..	..	..	..
Chemicals and chemical products		20	90.9	101.1	0.0	0.0	11.2	-13.7
Basic pharmaceutical products and pharmaceutical preparations		21	..	..	..	..	..	..
Rubber and plastic products		22	113.5	113.3	0.0	0.1	-0.2	-3.3
Other non-metallic mineral products		23	124.2	124.9	-1.0	-0.2	0.6	1.1
Basic metals		24	116.5	115.9	0.0	0.3	-0.5	0.3
Fabricated metal products, except machinery and equipment		25	124.2	124.0	0.0	0.1	-0.2	2.1
Computer, electronic and optical products		26	..	..	..	..	..	..
Electrical equipment		27	120.3	120.7	0.2	0.1	0.3	1.7
Machinery and equipment n.e.c.		28	..	..	..	..	..	..
Motor vehicles, trailers and semi-trailers		29	104.6	104.2	0.0	0.0	-0.4	0.3
Other transport equipment		30	100.0	100.0	0.0	0.0	0.0	0.0
Furniture		31	116.1	118.4	0.0	0.1	2.0	3.5
Other Manufacturing		32	..	..	..	..	..	..
Repair and installation of machinery and equipment		33	..	..	..	..	..	..
Mining and quarrying		05-09	103.5	103.8	0.8	0.2	0.3	4.0

Total transportable goods industries			110.3	110.4	2.0	0.5	0.1	2.0

Food products, Beverages and Tobacco Products		10-12	115.6	119.6	1.0	0.9	3.5	6.4
Manufacturing industries excluding Food Products			109.8	109.5	2.1	0.5	-0.3	1.5
Manufacturing industries excluding Food Products, Beverages and Tobacco Products			109.7	109.4	2.0	0.5	-0.3	1.6
Intermediate goods industries (except energy)			..	..	..	..	..	..
Capital goods industries			..	..	..	..	..	..
Durable consumer goods industries			..	..	..	..	..	..
Non-durable consumer goods industries			..	..	..	..	..	..

Manufacturing industries (home sales)²			116.1	116.7	0.0	0.4	0.5	1.4
Manufacturing industries (export sales)²			109.8	109.9	2.2	0.5	0.1	2.1
Total manufacturing industries²			110.4	110.5	1.9	0.6	0.1	2.1
¹ Nace Rev. 2 Statistical classification of economic activities in the European Community.
² Excludes Mining and quarrying.
.. Data suppressed for confidentiality reasons

Open in Excel: Wholesale Price Index January 2025 Table 2 (XLS 13KB)

Visit Table WPM35 on PxStat

Table 3 Detailed Wholesale Price Indices (excluding VAT) for Building and Construction Materials

Table 3 Detailed Wholesale Price Indices (excluding VAT) for Building and Construction Materials
Base: Year 2021 as 100
Materials			Index		Monthly % Change			Annual % Change
			Dec 2024	Jan 2025	Nov 2024	Dec 2024	Jan 2025	Jan 2025
			Dec 2024	Jan 2025	Nov 2024	Dec 2024	Jan 2025	Jan 2025
Stone, sand and gravel			130.5	130.4	-0.1	0.0	-0.1	4.7
	Stone		128.6	128.6	0.0	0.1	0.0	4.0
	Sand and gravel		139.6	139.3	-0.4	-0.6	-0.2	7.7
Cement			151.4	151.4	0.0	0.0	0.0	5.7
Ready mixed mortar and concrete			144.8	144.8	-0.1	0.0	0.0	4.8
Concrete blocks and bricks			134.6	134.4	-0.1	0.8	-0.1	8.0
Other concrete products including precast¹			145.5	145.4	0.0	0.0	-0.1	0.8
Structural steel and reinforcing metal			129.4	129.4	0.1	-0.1	0.0	-2.3
	Structural steel		172.1	172.1	0.0	0.0	0.0	0.5
		Structural steel fabricated metal	179.6	179.6	0.0	0.0	0.0	0.0
		Other Structural steel	113.7	113.6	0.0	0.0	-0.1	6.1
	Reinforcing metal		78.7	78.7	0.4	-0.4	0.0	-8.8
	Other steel products		122.7	122.7	0.0	0.0	0.0	1.5
Rough timber (including plain sawn)			88.8	88.7	-0.2	0.0	-0.1	-0.3
	Rough timber (hardwood)		106.5	106.5	0.0	0.0	0.0	0.0
	Rough timber (softwood)		86.8	86.7	-0.2	0.0	-0.1	-0.3
Machined, treated engineered timber			139.1	138.8	0.0	0.0	-0.2	0.8
	Wooden windows and doors		138.3	137.8	0.0	0.0	-0.4	1.7
	Other treated timber		140.0	140.0	0.0	0.0	0.0	0.0
Bituminous macadam, asphalt and bituminous emulsions			123.4	123.5	-0.5	0.7	0.1	-1.0
	Bituminous macadam and asphalt		123.6	123.7	-0.5	0.7	0.1	-1.0
	Bituminous emulsions		119.3	119.0	0.0	0.0	-0.3	-2.5
Electrical fittings			110.5	110.5	-0.4	0.0	0.0	-3.6
	Lighting equipment		100.0	100.0	0.0	0.0	0.0	0.0
	Protection & communication equipment		124.0	124.0	0.2	0.0	0.0	2.9
All other materials			124.0	124.2	0.1	0.1	0.2	1.4
	Plumbing materials incl. sanitary ware		123.7	123.7	0.0	0.0	0.0	-0.3
	HVAC (heating & ventilation equipment)		113.1	113.2	0.0	0.0	0.1	1.9
	Insulating materials		125.9	125.9	0.7	0.0	0.0	3.9
	Pipes and fittings		136.7	136.8	-0.1	0.0	0.1	1.2
		PVC pipes and fittings	137.2	137.2	0.0	0.0	0.0	0.0
		Copper pipes and fittings	136.5	136.6	-0.1	0.0	0.1	1.5
	Plaster		138.3	141.9	0.0	1.1	2.6	2.1
	Paints, oils and varnishes		131.6	131.6	0.0	0.0	0.0	0.2
	Glass		113.2	111.5	0.0	0.0	-1.5	-1.5
	All other metal fittings		107.0	107.0	0.0	0.0	0.0	1.2
	All other products		119.5	119.7	0.0	0.1	0.2	1.3
All materials			126.3	126.4	-0.1	0.1	0.1	1.3
¹ This table was updated on 23rd March 2023. The subcategories Precast Concrete and Other Concrete Products (excluding precast concrete) will no longer be maintained from February 2023. The higher-level category Other Concrete Products Including Precast includes products from both these subcategories and this index can be used as an approximation to the obsolete subcategories.

Open in Excel: Wholesale Price Index January 2025 Table 3 (XLS 12KB)

Visit Table WPM39 on PxStat

For more information on the categories of products in Table 3 see Description of Products for Building and Construction.

Table 4 Capital Goods Price Indices (excluding VAT)

Table 5 Wholesale Price Indices (excluding VAT) for Energy Products (i.e. Fuels purchased by Manufacturing Industry)

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Wholesale Price Index January 2025