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Annual growth in Irish producer prices picked up last month, numbers from the Central Statistics Office showed Wednesday.
The CSO said producer prices climbed 3.7% year-on-year in January, quickening from a 2.5% rise in December. This snapped a streak of successive slowdowns in the rate of producer price inflation, after factory gate inflation hit a recent peak of 8.0% in October.
On a monthly basis, producer prices rose 1.3% in January from December. They had fallen 1.3% in December from November.
Construction products surged 16% on-year in January. Structural steel fabricated metal prices alone jumped 73%.
Electricity prices, however, fell 20% annually last month.
By Eric Cunha, Alliance News news editor
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