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Irish Daily Mirror
13 hours ago
- Business
- Irish Daily Mirror
Households find out how much property prices are up and where's rising fastest
House prices increased by 7.8% in the 12 months to June, according to new figures. This matched the same rate of house inflation there was in the 12 months to May (7.8%). The Residential Property Price Index (RPPI) published on Wednesday showed that property prices in Dublin rose by 6.6% and prices outside Dublin were up by 8.8% compared with June last year. The median price of a dwelling purchased in the 12 months to June was 370,000 euro. The highest median price for a dwelling in the 12 months to June was 675,000 euro in Dun Laoghaire-Rathdown, while the lowest median price was 190,000 euro in Leitrim. In June 2025, 4,029 dwelling purchases by households were filed with the Revenue Commissioners at a total value of 1.7 billion euro. These purchases were made up of 3,092 existing dwellings and 937 new dwellings. Revenue data shows there were 1,531 first-time buyer purchases in June 2025. Niall Corkery, statistician in the Prices Division at the Central Statistics Office (CSO), said: 'Outside Dublin, house prices were up by 9% and apartment prices rose by 6.6%. 'The region outside of Dublin that saw the largest growth in house prices was the West (Galway, Mayo, and Roscommon) at 10.3%, while at the other end of the scale, the South-East (Carlow, Kilkenny, Waterford, and Wexford) saw a 7.1% rise. 'Households paid a median or mid-point price of 370,000 euro for a residential property in the 12 months to June 2025. 'The most expensive Eircode area over the 12 months to June 2025 was A94 (Blackrock, Dublin) with a median price of 780,000 euro, while F45 (Castlerea, Roscommon) had the least expensive price of 148,000 euro.' The government is due to publish a new housing plan in the autumn as house prices and rents continue to rise. Housing Minister James Browne has pledged to tackle record rates of homelessness, which is teetering just below 15,000 people a month, and to reform the rental sector with a new series of tenancy rules. An injection of funding for various infrastructure projects, such as water and electricity supplies, also aims to boost the number of homes available in Ireland. But Mr Browne has admitted that the housing target for this year, of 41,000 new-builds, is 'not realistic' after the last Fianna Fail-Fine Gael government missed the 2024 target of 33,450 new builds. Mr Browne has said that all predictions are trending around 34,000 homes being built this year. Sign up to the Irish Mirror's Courts and Crime newsletter here and get breaking crime updates and news from the courts direct to your inbox.
Irish Daily Mirror
10-07-2025
- Business
- Irish Daily Mirror
Price of dairy products in Ireland soars as shocking food cost figures emerge
There has been a spike in the price of some food and drink products over the last year, with the average price of butter costing an extra €1.10 compared to last year, latest Central Statistics Office (CSO) figures show. Food inflation rose by 4.6 per cent since June of last year, more than double that of the general Consumer Price Index (CPI), which rose by 1.8 per cent in the same period. The figures show that excluding energy and unprocessed food, the CPI grew by 2 per cent in the 12 months to June this year. The national average price of full fat milk per two litres was up 27 cents in the year, while butter per lb rose by €1.10 and the average price of Irish cheddar per kg increased by 95 cents. The CPI for June shows that the price of a pound of butter rose by 28 per cent to €4.83 from June last year to last month. The prices of dairy products experienced a sharp rise over the last 12 months, with milk, butter and cheese most affected. The national average price for bread – a white sliced 800g pan – increased by six cents in the year to June 2025, while the same size brown sliced pan increased by five cents in the year. Spaghetti per 500g was unchanged in the year, while the average price for 2.5kg of potatoes was down 29 cents. The national average price of a take-home 50cl can of lager at €2.41 was down two cents from June 2024, while a take-home 50cl can of cider at €2.71 was up three cents. In June 2025, the national average price of a pint of stout in licensed premises was €6.07, up 27 cents in the year, while a pint of lager was €6.49, up 29 cents compared with June 2024. Other areas affected by sharp inflation increases were recreation and culture, which spiked by 3.5 per cent. The divisions to record the largest declines when compared with June 2024 were clothing and footwear, which fell by 2.3 per cent, and transport, which dropped by 2 per cent. Consumer prices rose by 0.5 per cent in the month between May 2025 and June 2025. Anthony Dawson, statistician in the Prices Division, said: "Today's release of the CPI shows that prices for consumer goods and services in June 2025 rose by 1.8 per cent on average when compared with June 2024. "The most significant increases in the 12 months to June 2025 were seen in food and non-alcoholic beverages (+4.6 per cent) and recreation and culture (+3.5 per cent). "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 and butter. "Clothing and footwear (-2.3 per cent) and transport (-2.0 per cent) were the divisions to show the largest declines when compared with June 2024. "Consumer prices in June 2025 rose by 0.5 per cent in the month compared with June 2024, when prices were up by 0.4 per cent in the month. "In June 2025, the most significant monthly price changes were in recreation and culture (+3.6 per cent) and transport (+1.2 per cent). "The increase in recreation and culture was due to higher prices for package holidays. "Clothing and footwear (-0.5per cent) and alcoholic beverages and tobacco (-0.4 per cent) were the divisions to show the largest declines when compared with May 2025."
Agriland
10-07-2025
- Business
- Agriland
CSO: Beef and butter price rises lead to consumer price increase
The Consumer Price Index (CPI) rose by 1.8% between June 2024 and June 2025, up from an annual increase of 1.7% in the 12 months to May 2025, according to the latest data from the Central Statistics Office (CSO). Excluding energy and unprocessed food, the CPI grew by 2% in the 12 months to June 2025. The divisions with the largest increases in the 12 months to June 2025 were 'Food & Non-Alcoholic Beverages' (+4.6%) and 'Recreation & Culture' (+3.5%). The divisions to record the largest declines when compared with June 2024 were 'Clothing & Footwear' (-2.3%) and 'Transport' (-2%). Consumer prices rose by 0.5% in the month between May 2025 and June 2025. The divisions with the largest growth in the month were 'Recreation & Culture' (+3.6%) and 'Transport' (+1.2%). The divisions with the largest declines in the month were 'Clothing & Footwear' (-0.5%) and 'Alcoholic Beverages & Tobacco' (-0.4%). Commenting on the release, statistician in the Prices Division, Anthony Dawson said: 'Today's release of the CPI shows that prices for consumer goods and services in June 2025 rose by 1.8% on average when compared with June 2024. 'The most significant increases in the 12 months to June 2025 were seen in Food & Non-Alcoholic Beverages (+4.6%) and Recreation & Culture (+3.5%). 'The annual change in Food & Non-Alcoholic Beverages costs reflects a rise in prices across a range of products, such as beef and veal and butter. Clothing & Footwear (-2.3%) and Transport (-2%) were the divisions to show the largest declines when compared with June 2024,' he added. Monthly changes Consumer prices in June 2025 rose by 0.5% in the month compared with June 2024, when prices were up by 0.4% in the month. In June 2025, the most significant monthly price changes were in 'Recreation & Culture' (+3.6%) and 'Transport' (+1.2%). The increase in 'Recreation & Culture' was due to higher prices for package holidays. 'Clothing & Footwear' (-0.5%) and 'Alcoholic Beverages & Tobacco' (-0.4%) were the divisions to show the largest declines when compared with May 2025. National average prices The National Average Prices for selected goods and services for June 2025 are also published today (Wednesday, July 10). The National Average Prices are compiled together with the CPI. National Average Prices for selected goods and services for June 2025. Source: CSO Ireland Commenting on the National Average Prices, Anthony Dawson said: 'There were price increases in June 2025 for a pound of butter (+€1.10), Irish cheddar per kg (+95c), 2L of full fat milk (+27c), an 800g loaf of white sliced pan (+6c), and an 800g loaf of brown sliced pan (+5c). 'There was a reduction in the price of a 2.5kg bag of potatoes (-29c) while the price of spaghetti per 500g remained unchanged when compared with June 2024.'
Irish Examiner
24-04-2025
- Business
- Irish Examiner
Wholesale electricity prices more than 50% higher than last year despite recent drop
New figures from the Central Statistics Office (CSO) show that wholesale electricity prices fell by 6.4% last month but were 52% higher than in March last year. According to its latest wholesale price index, domestic producer prices for manufactured goods were on average 1.3% higher in March 2025 compared with a year earlier, while producer prices for exported goods were down by 2.2%. Overall, manufacturing producer prices were 1.9% lower in the year. Producer prices for food products increased by almost 7% in the 12 months to March 2025, while the food products, beverages and tobacco index was up by almost 6%. Some of the most notable changes in producer prices for food products over the 12 months to March 2025 were dairy products, up 22%, other food products, up almost 6%, meat and meat products, up 5.7% and vegetables and animal oils and fats, which fell by more than 16%. The most noteworthy changes in other producer prices in the year to March 2025 were fabricated metal products, except machinery and equipment, up 3.5%, furniture, up 3.3% and chemicals and chemical products, down 13.6%, and rubber and plastic products, down 2.7%. Wholesale prices for construction products grew by 0.2% in the month to March 2025 and rose by 1.0% in the 12 months since March 2024. "Wholesale price inflation showed a decrease in March 2025 with a 2.4% decline in the overall Producer Price Index for manufacturing industries in the month," said Deirdre Toher, CSO Statistician in the Prices Division. "Wholesale electricity prices dropped by 6.4% in March 2025 when compared with February 2025 but were 52% higher than March 2024. They have fallen by 66% when compared with the peak that occurred in August 2022."
