Annual Irish factory gate prices fell by 1.0% in year to August; US dollar/Euro movement a key determinant of price changes
Sep 20th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Monthly Irish factory gate prices fell by 0.4% in August 2011. This compares to an increase of 0.2% recorded for August 2010. As a result, the annual percentage change showed a decrease of 1.0% in August 2011, compared with a decrease of 0.4% in the year to July 2011. As Irish manufacturing is overwhelmingly dominated by US firms, monthly average weighted price changes usually follow changes in the rate of the euro versus the US dollar.