Ireland’s factory gate inflation held steady in June, after easing in the previous two months, figures from the Central Statistics Office showed Wednesday.
The manufacturing output price index, excluding VAT, climbed 6.3 percent year-over-year in June, the same rate of increase as in May. In April, the rate of inflation was 9.0 percent.
The price index for mining and quarrying sector grew 2.4 percent in June from a year ago and prices of capital goods increased by 1.0 percent. Meanwhile, prices for energy products declined 4.0 percent.
Month-on-month, output prices rose 0.3 percent in June, reversing a 2.4 percent decrease in the preceding month.
Domestic market prices increased 0.3 percent monthly in June, in contrast to a 0.3 percent drop seen in May. Similarly, foreign market prices went up 0.3 percent, following a 2.7 percent decline in the prior month.
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