Signs of easing in energy crisis as wholesale prices fell 22.7% last month

There were signs of an easing in the energy crisis last month as the average wholesale price of petrol, diesel, gas, oil, and electricity fell by an average of 22.7 per cent compared with March, data from theHowever, the CSO’s latest wholesale price index also shows prices were up by 125.5 per cent year-on-year, illustrating how the global energy crisis has been exacerbated by Russia’s invasion of Ukraine.

More generally, the data shows that annual manufacturing prices increased by 5.2 per cent in the year to April, compared to an increase of 4.4 per cent in the year to March. The CSO said the price index for export sales increased 1.2 per cent in April compared with March, while the index for home sales increased 1.1 per cent.

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