Ireland’s factory gate inflation slowed in April, after accelerating sharply in the previous month, figures from the Central Statistical Office showed Thursday.
The manufacturing output price index, excluding VAT, rose 9.0 percent year-over-year in April, slower than March’s 9.5 percent climb. Prices have been rising since October last year, after declining for more than two years.
Month-on-month, output prices edged up 0.1 percent in April, much slower than prior month’s 3.4 percent hike. It was the fourth consecutive monthly increase.
Domestic market prices fell 0.2 percent monthly in April, in contrast to a 2.8 percent rise in the preceding month. Meanwhile, export prices moved up 0.1 percent in April, following a 3.5 percent increase in March.
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