Annual manufacturing prices down 2.8%

Annual manufacturing prices down 2.8% in January, according to figures released by the CSO today.

Monthly factory gate prices increased by 1.5% in January, compared to an increase of 0.4% recorded for January 2009.

As a result, the annual percentage change showed a decrease of 2.8% in January 2010, compared with an annual decrease of 3.8% in December 2009.

In the month, the price index for export sales increased by 2% while the index for home sales decreased by 0.2%.

In the year there was an increase in the price index for export sales of 3.3% and a

decrease of 0.9% in respect of the price index for home sales.

All material prices in building and construction decreased by 1.4% in the year since January 2009.

Year-on-year, the price of capital goods decreased by 0.6%, while there was a monthly price increase of 0.4%.

The price of energy products decreased by 3.9% in the year since January 2009, while petroleum fuels increased by 24.1%.

In January 2010, there was a monthly increase in energy products of 0.8%, while petroleum fuels increased by 2.7%.

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