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Financial News: Ireland Wholesale Prices Fall The Most In 16

Ireland Wholesale Prices Fall The Most In 16 Years

07/22/2020 - 07:31:00 (RTTNews)

(RTTNews) - Ireland's wholesale prices declined at the fastest pace in sixteen months in June, data from the Central Statistics Office showed on Wednesday.

Wholesale prices decreased 8.2 percent annually in June, following a 7.4 percent decline in May. This was the biggest fall since February 2019, when prices decreased 9.4 percent.

On a monthly basis, wholesale prices fell 1.2 percent in June, following a 1.0 percent decline in the previous month.

Prices for export sales decreased by 1.5 percent monthly in June and fell 8.2 percent from a year ago.

Prices for home sales rose by 0.1 percent on month and declined 1.5 percent from the previous year.

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