New figures from the Central Statistics Office show that wholesale electricity prices jumped by 9.6% on a monthly basis in August, and were a huge 76.9% higher than the same time last year.<\/p>\n
However, they are still 56% lower when compared with the peak that occurred in August 2022, the CSO noted.<\/p>\n
Today’s CSO figures show that energy fuels – including petrol, diesel, and electricity – rose by 11% on a monthly basis and recorded an annual rise of 34.5%. This was mainly due to rising global oil prices as a result of the war in the Middle East.<\/p>\n
Meanwhile, producer prices for food products fell by 2.1% in August on a monthly basis, while they were up 0.6% on the same month last year.<\/p>\n
The CSO noted some of the biggest changes in producer prices for food products were for fish and fish products, which rose by 8.6%, while meat and meat Products were down 9.6%.<\/p>\n","protected":false},"excerpt":{"rendered":"New figures from the Central Statistics Office show that wholesale electricity prices jumped by 9.6% on a monthly…\n","protected":false},"author":2,"featured_media":779039,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-779038","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/779038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=779038"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/779038\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/779039"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=779038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=779038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=779038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}