Irish factory inflation reaches highest recorded in 24 years

Purchasing managers also report a sharp rise in orders as consumers try to beat more price hikes

The rise in manufacturing costs are expected to be passed on to consumers in the coming weeks.

Irish manufacturing has been hit by the sharpest rise in input prices since they were first asked the question 24 years ago and are passing on the hikes, according to the latest survey of purchasing managers here. 

The survey suggests that the further huge spike in wholesale gas and oil, as well as metal prices, since Russia's invasion of Ukraine on February 24 will be passed on to consumers in the coming weeks.