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CSO statistical release, , 11am

Agricultural Price Indices

January 2019

OutputInputTerms of Trade
Base year 2015=100
January 2018108.399.8108.6
December 2018105.3105.499.9
January 2019104.4105.599.0
Monthly % Change-0.9%0.1%-0.9%
Annual % Change-3.6%5.7%-8.8%

Agricultural input price index up 5.7% in the year to January 2019

Agricultural Price Indices Headline Graph
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The agricultural output price index decreased by 0.9% in January 2019 compared with December 2018. The agricultural input price index was up 0.1% over the same period. Thus, the resulting terms of trade index decreased by 0.9% in January 2019. See Tables 1, 2 and graph.

A further comparison of the January 2019 output sub-indices with the January 2018 sub-indices shows that the largest decreases were in milk and cattle which were down 11.5% and 8.5% respectively.

On the input side, the biggest increases were in feeding stuffs and fertilisers which were up 11.3% and 9.4% respectively on January 2018 prices.

On an annual basis, the agricultural input price index increased by 5.7% in January 2019 compared with January 2018. The agricultural output price index was down 3.6% in January 2019 compared with January 2018. See Tables 1 and 2.