Agricultural output prices were 10.7 per cent higher in July 2013 than in July 2012. In addition agricultural input prices were up 5.2 per cent in the same period. This is according to the Central Statistics Office (CSO) in its monthly update out this morning.
On month-by-month, overall the agricultural output prices decreased by 4.3 per cent in July 2013 compared with June 2013. The agricultural input prices decreased by 0.2 per cent over the same period. As a result the trade index decreased by four per cent in July 2013.
Among the highlights of farm output prices were: a 11.9 per cent increase in crop output, including cereals, vegetables and potatoes; and a 10 per cent increase in animal output.
Among the highlights of farm input prices were: a 7.2 per cent increase in seeds; and a 12.6 per cent increase in feeding stuff.
The CSO indices monitor trends in prices paid to farmers for their produce and in prices paid by farmers for purchases of goods and services. An EU harmonised methodology is used to compile these price indices. The estimates are also sent to Eurostat, the Statistical Office of the EU.
The full details from the CSO are available here.