CSO: Cattle prices up 40% in year to March
The price of cattle jumped by over 40% in the the 12 months to March 2025, according to the Central Statistics Office (CSO).
The Agricultural Price Indices March 2025 report, published today (Wednesday, May 14), also shows sheep prices rose by 4%, pig prices also jumped by 4% and poultry prices increased by 3%.
The data highlights that milk prices were up 18% on March 2024 levels, while egg prices rose 4%.
The output price indices for potatoes dropped by 9%, vegetables were down 1.6% and cereals (including seeds) were marginally back compared to March 2024.
The report finds that over the 12 months to March 2025, reductions in the input prices were recorded for feed (-5.5%), seeds (-2%), energy (-1%) and motor fuels (-1%).
However, overall fertiliser prices rose by 4%, with straights up by 7%and compounds up 3% in the year.
There was a 5% increase in the cost of veterinary expenses compared to March 2024, while plant protection products rose 3%.
CSO
In the 12 months to March 2025, the Agricultural Output Price Index rose by 21%, while the Agricultural Input Price Index fell by 1.5%.
The Agricultural Output Price Index for March 2025 was up by 2.2% in the month since February 2025, while the Input Price Index was up by 0.8%.
The CSO said that terms of trade (the ratio of export prices to import prices) rose by 1.4% in March 2025 when compared with the previous month and was 22.7% higher when compared with March 2024.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Irish Times
a day ago
- Irish Times
Motor insurance premiums rise almost 10%, according to latest data
The increasing cost of motor insurance premiums , with the latest official data pointing to a jump of almost 10 per cent year on year, has led to the junior Minister with oversight of the area to express his concern. According to the Central Statistics Office (CSO), the cost of motor insurance climbed by 8.4 per cent over the last 12 months, more than four times the general rate of inflation which was put at 1.7 per cent. The recent jump in prices comes on top of multiple increases in 2023 and 2024 with the average cost of a premium said to be well in excess of €600 as a result. 'The year-on-year increase in motor insurance is concerning, despite prices being over a third lower since their 2016 peak,' said the Minister of State with Special Responsibility for Financial Services, Credit Unions, and Insurance, Robert Troy. READ MORE 'While recent reforms in the sector have had a positive impact, it is clear that more needs to be done from a policy perspective to ensure that consumers are getting access to cheaper premiums.' More engagement with the Injuries Board has led to a reduction of 30 per cent in respect of motor injury claims and 41 per cent in respect of awards values over a six-year review period covered by a recent report. [ Opens in new window ] There have been substantial changes to the motor insurance sector over recent months that have made it harder for people driving without insurance to escape detection. Reforms have also brought about greater transparency when it comes to claims and driver behaviour all of which suggest g the cost of premiums should be on a downward trajectory. Will rent reform make building apartments viable? Listen | 40:12 However that has not been happening with some motorists now paying more than €200 for cover now than they were just three years ago. The Minister for State said that is his meetings with 'the main insurance players since taking office, I have underlined my expectation that savings arising from these reforms be passed on to consumers. ' He said that a public consultation on the new Action Plan for Insurance Reform has been completed and reviewed by officials in the Department of Finance. 'Insurance reform is a key priority for me and this Government, and we will be in a position to publish this Action Plan over the summer,' he continued. He said it was his intention that the plan would l focus on a 'series of targeted actions which can have meaningful impact for consumers, including an expansion of the Office to Promote Competition in the Insurance Market.'
Agriland
a day ago
- Agriland
CSO: Consumers paid more for butter, cheese and milk in May
The price of a pound of butter at the checkout rose on average last month by €1.03, according to new figures released today (Thursday, June 12) by the Central Statistics Office (CSO). Shoppers also paid more for Irish cheddar which increased by 57 cent per kg while two litres of full fat milk also jumped by 27 cent in May. Overall consumer prices in Ireland rose by 1.7% between May 2024 and May 2025 latest figures show. According to the CSO the biggest price increases recorded over the 12 months to May 2025 were in relation to food and non-alcoholic beverages – which rose by 4.0% while alcoholic beverages and tobacco also increased by 3.1%. National average prices for selected goods and services for May 2025 compared to the same product and service in May 2024 Source: CSO The Consumer Price Index is designed to measure the change in the average level of prices – inclusive of all indirect taxes – paid for consumer goods and services in Ireland. According to the CSO while there was an increase in the price of an 800g loaf of white or brown sliced pan – which rose by 5 cent, there was a fall in the price of a 2.5kg bag of potatoes – which dropped by 25 cent last month when compared with similar prices for May 2024. Anthony Dawson, statistician in the CSO prices division, also highlighted today that in particular the annual change in food and non- alcoholic beverages costs 'reflects a rise in prices across a range of products, such as beef and veal'. But prices, as consumers will have noticed in their shopping bills, have also risen for items such as chocolate, confectionery and eggs. CSO According to the CSO the areas which showed the 'largest growth' in May 2025 were clothing and foot clothing and footwear – which increased by 1.8% and restaurants and hotels which also rose by 0.9%. The increase in clothing and footwear has been attributed to a 'recovery from sales'. Meanwhile the areas which saw the largest declines last month month were transport which fell by back by -2.8% and recreation and culture which fell by -1.5%. Its latest analysis also shows that consumer prices remained 'unchanged in the month between April 2025 and May 2025'.
RTÉ News
a day ago
- RTÉ News
Annual inflation slows to 1.7% in May
New figures from the Central Statistics Office show that the annual rate of inflation slowed to 1.7% in May from a rate of 2.2% in April. The CSO said inflation was flat month-on-month while the Harmonised Index of Consumer Prices, which strips out mortgage interest costs, fell to 1.4% on an annual basis from 2% in April. Today's figures show the most significant increases in the 12 months to May were seen in the price of food and non-alcoholic beverages, which rose by 4%. Price rises were seen across a range of products including meat, chocolate and milk, cheese and eggs. Prices of alcohol and tobacco also increased by 3.1%. May also saw higher rents - up 5.3% - and a 1.3% increase in the cost of electricity. The cost of health and motor insurance premiums also rose last month - increasing by 8.7% and 8.5% respectively. But transport costs on an annual basis slowed by 2.4% mainly due to lower prices for airfares, petrol and diesel, while clothing and footwear prices fell by 1.9%. The CSO also published its National Average Prices for selected goods and services for May today. This shows price increases for a pound of butter, which rose by €1.03, while Irish cheddar cheese per kg increased by 57 cent. Two litres of full fat milk moved 27 cent higher while an 800g loaf of white/brown sliced pan increased by five cent and spaghetti per 500g was up two cent. But May saw reductions in the price of a 2.5kg bag of potatoes, which fell by 25 cent when compared with May last year. Commenting on today's figures, Dominic Lumsden, a spokesperson for Peopl Insurance, said that while today's figures show that the rate of inflation has eased, there are many areas where inflation is running well above average. These include postal services (up 7.4%), hygiene products (up 4.6%) and taxi fares (up 8.7%). Today's CSO figures also show that above-average inflation has also been recorded for many basic grocery items with butter prices up 18%, beef and veal prices up 19.9%, and fresh low fat milk prices up 13.7%, he added. He said for people holidaying at home this summer, the rising cost of cinema trips (up 5.6%), restaurants and take-away food (up 3.3%), and recreational and sporting services (up 6.3%) will eat into their budget. "Another price increase which may have gone under the radar now we're into the milder summer months is the carbon tax increases which kicked in at the start of May. This will push up the cost of home heating oil, coal, briquettes and gas for consumers - making it more expensive for them to heat their homes," Mr Lumsden said. "While it will arguably be the colder autumn and winter months before homeowners feel the real brunt of these increases, the carbon tax hike will undoubtedly put more under pressure," he added.
