Ireland’s factory gate inflation eased further in September to the lowest level in nine months, figures from the Central Statistics Office showed Thursday.
The manufacturing industries output price index, excluding VAT, climbed 3.0 percent year-over-year in September, slower than the 5.4 percent climb in August. In July, prices had risen 6.8 percent.
The latest rate of increase was the weakest since December 2014, when prices grew 2.3 percent.
The price index for capital goods industries surged 8.1 percent annually in September and that for basic metals increased by 8.9 percent. At the same time, mining and quarrying prices plunged 8.2 percent.
On a monthly basis, output prices dropped for the second straight month by 1.1 percent in September, following a 1.0 percent fall in the prior month. Both domestic and foreign market prices slid 1.9 percent and 1.0 percent, respectively in September.
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