Ireland’s factory gate inflation accelerated in July after remaining stable in the previous month, figures from the Central Statistics Office showed Monday.
The manufacturing output price index, excluding VAT, climbed 6.8 percent year-over-year in July, faster than June’s stable increase of 6.3 percent. Prices have been rising since October 2014.
The price index for mining and quarrying grew 1.6 percent annually in July and that for capital goods went up by 1.0 percent. Energy prices also gained 0.4 percent, despite the decrease of petroleum products sharply by 12.1 percent.
On a monthly basis, output prices rose 0.4 percent in July, following a 0.3 percent hike in the preceding month. It was the second consecutive monthly increase.
Domestic market prices climbed at a faster pace of 1.3 percent in July after a 0.3 percent spike in June. Prices in the foreign market edged up 0.2 percent in July, slightly slower than prior month’s 0.3 percent rise.
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