The annual inflation rate of producer input prices was negative 3.3% in the year to January 2024, down from a revised negative 2.1% in December 2023.
The monthly producer input inflation rate fell to negative 0.
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8% in January 2024, following a revised rate of negative 0.
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4% in December 2023.
The annual inflation rate of the input producer price index (PPI) was negative for the eighth consecutive month and the lowest it has been since May 2020.
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On a monthly basis, producer input prices fell by 0.8 per cent and output prices fell by 0.
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2 per cent in January this year
Input and output price levels have been relatively stable since mid-2022, but remain substantially higher than their 2021 levels. The index levels for both input and output prices have remained relatively stable since mid-2022.
