Wholesale electricity prices fall by 9% as producer inflation shows signs of 'levelling off'

Despite a drop in wholesale electricity, food products saw annual rises of over 6% with dairy, fruit and vegetables the most affected

Despite continuous falls in electricity pricing, domestic producer prices for manufactured goods rose by over 10% annually in February 2023

Wholesale electricity prices have continued on a steep decline following a recent peak in 2022, falling annually by 9.2%. 

Figures released by the Central Statistics Office also reveal monthly price drops in wholesale electricity, decreasing by 1.8% between January and February 2023.