Press release 24/01/2006

I INDUSTRIAL PRICE NDEX (IPRI) DECEMBER 2005



Industrial prices rose 0.2% in December 2005


With these data, industrial prices registered a 4.5% increase at the end of 2005 on December 2004.


Industrial prices in the A.C. of the Basque Country registered a 0.2% increase in December 2005, according to EUSTAT data. Over the whole of the year, the increase came to 4.5%.





In December 2005 the most inflationary branches, on the previous month, were "Chemcials industry" (1.2%), "Electric energy, gas and water" (1.0%), "Paper, publishing and graphic arts" (1.0%) and ”Oil Refining” (0.8%). On the other hand, decreases in prices during December corresponded to "Metallic and non-metallic minerals" (-1.2%), ”Other manufactured” (-0.5%), "Timber industry" (-0.2%), "Non-metal industry” (-0.2%), “Machinery” (-0.1%) and “Rubber and Plastic” (-0.1%).


Following the classification of goods by the economic destination, in December, with regard to the previous month, the prices of Energy increased by 0.9%, Intermediate Goods rose by 0.2%, Capital Goods did not vary (0.0%) and Consumer Goods grew by 0.1%, due to the 0.4% increase in Non-Durable Consumer Goods, as Durable Consumer Goods fell by 0.3%.


BALANCE ANUAL 2005


Over the period from the 1 January to the 31 December 2005, the highest growth in prices corresponded to the sectors of “Oil Refining” (30.8%), “Metallurgy and metal articles” (15.5%), “Electric energy, gas and water” (8.8%), “Leather and footwear industry” (3.9%), “Other Manufactured” (3.5%) and “Chemcials industry” (3.5%). On the other hand, more reduced inter-annual rates were registered in 2004 by the prices of " Transport material " (0.3%), “Paper, publishing and graphic arts” (0.4%), “Timber industry” (0.5%) and “Food industry” (1,4%).


According to the classification of Goods by the economic destination, the prices of the five groups of goods presented a positive sign, although with significant differences in intensity in their inter-annual evolution (December 2005 on December 2004). In particular, the prices of Energy increased by 23.4%, Intermediate Goods, with more moderate rates of performance, grew by 2.1%, while Capital Goods and Consumer Goods obtained 1.7% growth in both cases. The latter, in turn, are divided between Durable Consumer Goods, whose prices increased by 1.9% and Non-Durable Consumer Goods, whose prices rose by 1.7%.






For further information:

Euskal Estatistika-Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Tel:+34-945-01 75 00 Fax:+34-945-01 75 01 E-mail: eustat@eustat.es
Contact: Luis Carlos Jorge Alonso
Tel:+34-945-01 75 14 Fax:+34-945-01 75 01
Press releases on the Internet: www.eustat.es
Data bank: www.eustat.eus/bancopx/spanish/indice.aspx

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Industrial prices rose 0.2% in December 2005

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