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Services producer prices decline 2.8% in Q1
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Services producer prices decline 2.8% in Q1
Services producer prices have fallen on an annual basis for first time since the current benchmark was set four years ago. The latest Central Statistics Office (CSO) figures show services producer prices declined 2.8% year-on-year in the first quarter, marking the first negative annual change since 2021. The decrease represents a significant swing from the start of last year when prices increased 4.3%. The Services Producer Price Index measures …
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