Figures released by the CSO illustrate that factory gate prices increased by 1.0 percent in January 2011 with the annual percentage increase at 1.3 percent since January 2010. Factory gate price means the price of the product available at the factory excluding any separately billed charges for transport or delivery.
Within the month, areas that experienced increases included meat and meat products, with an increase of 1.8 percent, other food products showed an increase of 1.6 percent, and basic pharmaceutical products displayed an increase of 1.3 percent. There was also a significant increase of 1.2 percent in mining and quarrying products. Fish and fish products saw a decrease of 4.5 percent, chemicals and chemical products a decrease of 2.2 percent and beverages witnessed a decrease of 0.3 percent.
From a yearly perspective, meat and meat products increased by 8.1 percent, Computer, electronic and optical products by 6.8 percent, mining and quarrying increased by 7.4 percent and other foodstuffs increased by 6.6 percent. Basic pharmaceutical products and pharmaceutical preparations decreased by 8.4 percent, along with beverages by 1.9 percent and other metallic mineral products by 1.3 percent.
Other figures compiled by the report showed that building and construction materials prices increased by 4.9 percent in the year since January 2010. The most significant increases were copper pipes and fittings (increased by 32.6 percent), reinforcing metal (19.5 percent), and rough timber increased by 14.3 percent. Furthermore, energy products increased by 5.2 percent in the year since January 2010 and petroleum fuels increased by 15.3 percent.
