Wholesale electricity prices have fallen by more than 70 per cent since the immediate aftermath of the Russia’s invasion of Ukraine in March 2022.
Energy prices, which had increased significantly in the wake of Covid, spiked after Russia invaded Ukraine in February 2022, reaching a peak in August that year. Not ‘pinko do-gooders’ but helpers and supporters - how volunteers power the Society of St Vincent de PaulThe faster-than-expected softening of headline inflation in Ireland and across the euro zone has been driven by falling energy prices. The Republic’s headline rate of inflation, as measured by the CSO’s consumer price index, fell to 2.9 per cent in March.
The CSO’s report indicated producer prices for food products were unchanged in March but dropped by 9.1 per cent year on year.Within the food category, fish and fish products were up 7.1 per cent over the 12 months to March while dairy products were down .