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Irish CSO Reports


20 September 2012

Irish CSO: Agricultural Price Indices - July 2012 ReviewIrish CSO: Agricultural Price Indices - July 2012 Review


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Agricultural Input Price Index up 0.5% in July 2012

Agricultural Price Indices
Unadjusted

The agricultural input price index increased by 0.5% in July 2012 compared with June 2012. The agricultural output price index decreased by 0.1% over the same period. Thus, the resulting terms of trade index decreased by 0.5% in July 2012.

The seasonally adjusted output price index in July 2012 was 1.9% higher than in June 2012.

On an annual comparison, the agricultural output price index in July 2012 was 4.4% higher than in July 2011. The agricultural input price index was up 3.1% in July 2012 compared with July 2011.

A further comparison of the July 2012 sub-indices with July 2011 shows that:

  • Potatoes (incl. seeds), poultry, cattle, eggs, cereals (incl. seeds), pigs and sheep prices increased by 155.4%, 20.6%, 14.9%, 8.8%, 6.2%, 5.5% and 0.7% respectively, while milk price decreased by 15.2%.
  • Seeds, energy, feeding stuffs and fertiliser prices increased by 7.7%, 6.6%, 3.2% and 2.6% respectively.
Unadjusted for Seasonal Factors
Output Input Terms of trade
  Base year 2005 = 100
June 2012 132.2 133.3 99.2
July 2012 132.2 134.0 98.7
Percentage change -0.1% 0.5% -0.5%

September 2012

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