Wholesale electricity prices in Ireland jumped by 22.3 per cent in January compared to the previous month and were 67.7 per cent higher than in January last year, new figures from the Central Statistics Office showed.
Despite this surge, prices remain 56.8 per cent lower than the peak recorded in August 2022.
Producer prices for food products also saw a 7.6 per cent increase over the past year, with dairy prices rising sharply by 18.6 per cent.
Other food products were up 8.6 per cent, meat and meat products increased by 4.1 per cent, while grain milling, starches, and animal feeds declined by 2.9 per cent.
Overall, wholesale price inflation in manufacturing industries rose slightly, with the Producer Price Index up 0.1 per cent in January.