Ireland's factory gate inflation slowed to the lowest level in six months in May, data released by the Central Statistics Office showed Tuesday.
The manufacturing output price index increased 2 percent year-on-year in May, following the previous month's 2.8 percent gain. The latest growth rate was the smallest since November 2011, when factory prices rose 1.9 percent
Prices for export sales grew 2.1 percent annually during the month, while prices for domestic sales advanced 1.6 percent.
Output prices in the mining and quarrying industry were higher by 9.2 percent compared to May 2011. Intermediate goods prices, excluding energy, rose 2.4 percent annually, while prices in the capital goods industry advanced 5.3 percent. Durable consumer goods prices moved up 2.6 percent year-on-year in May, while prices of non-durable consumer goods edged up 0.3 percent, data showed.
Month-on-month, factory gate prices edged up 0.6 percent during the month, recovering from April's 0.5 percent decrease, the agency said.
by RTT Staff Writer
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