Wholesale prices for electricity, food and building materials continue to surge

Factory gate electricity prices were overall 83% higher than last year while timber and other treated wooden products prices jumped 110%. Producer prices for food products also rose by 11% in the year.

Fish prices rose 20% while meat prices increased 13% compared to 2021 figures.

Factory gate electricity costs continued to surge in July as the Central Statistics Office recorded a 47% hike in prices compared to June.

Wholesale electricity prices were overall 83% higher in July compered to last year.