Wholesale prices in Ireland decreased by 5.2% year-on-year in January 2026, after a 6.4% slump in the previous month, marking the 12th consecutive period of deflation. Downward pressure came mostly from prices of electricity (-24.2%) and food products (-2.3%), with steep declines in vegetables & animal oils & fats (-16.2%) and other food products (-6.0%) partially offset by a 5.4% rise in fish & fish products (+5.4%). Costs also fell for beverages (-3.3%) and mining & quarrying (-3.1%), but increased for chemicals & chemical products (+21.0%); pulp, paper & paper products (+4.0%); and fabricated metal products, excluding machinery & equipment (+3.1%). Wholesale prices for construction products rose by 1.5%. On a monthly basis, wholesale prices rose by 1.4% in January, following a 0.6% decline in the prior month.