Press release 24/04/2007


Industrial prices rose by 0.9% in March 2007

The inter-annual increase (March 2007 on March 2006) in industrial prices came to 4.6%

Industrial prices increased by 0.9% in the A.C. of the Basque Country in March 2007, according to EUSTAT data. With these data, the inter-annual rate for March, which indicates the fluctuation in industrial prices over the last twelve months, showed growth to be 4.6%

Percentage evolution of the Industrial Price Index of the A.C. of the Basque Country

(*) Inter-annual growth March 2007

Source: EUSTAT

A more detailed sectorial analysis shows that the most inflationary branches in March 2007, with regard to the previous month were “Oil Refining” (4.5%), “”Metallurgy and Metal Articles” (1.1%), “Footwear and Leather Industry” (0.9%) and “Rubber and Plastic” (0.7%), among others. By contrast, the sectors whose prices fell most were “Energy Electricity, Gas and Water” (-0.5%) and “Textiles and Clothing” (-0.7%). “·Paper, Printing and Graphic Arts” (-0.2%) and “Food Industry” (-0.1%).

Over the inter-annual period March 2007 on March 2006, the highest growth in prices was registered by the branches of “Metallurgy and Metal Articles” (10.5%) “Electric Energy, Gas and Water” (9.4%), “Food Industry” (4.8%) and “Transport Material” (4.7%). Decreases or lower levels of growth, however, were registered in the prices of “Oil Refining” (-6.5%), ”Electric Material” (-1.7%), “Metal and Non-metal Minerals” (1.2%), and “Paper, Publishing and Graphic Arts” (1.5%).

Following the classification of Goods by economic destination, the evolution of prices in March of large sectorial groups continued their upward trend in nearly all areas except in Capital Goods, where there was no monthly variation (0.0%), as there was slight growth in Durable Consumer Goods (0.1%), while its other component, Non-Durable Consumer Goods, remained constant (0.0%). Energy prices rose 8.8% in March with respect to the previous month, while Intermediate Goods rose by 0.9% and Capital Goods by 0.5%.

The price evolution of these large groups of Goods reveals sharp differences over the inter-annual period. Energy prices decreased by 1.7%, Intermediate Goods rose by 7.8%, Capital Goods increased by 3.8% and Consumer Goods registered a 3.4% increase. Among the latter, the prices of Non-Durable Consumer Goods rose 3.8% while Durable Consumer Goods rose 2.6%.

Source: EUSTAT

For further information:

Euskal Estatistika-Erakundea / IBasque Statistics Office
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Tlf:+34-945-01 75 00 Fax:+34-945-01 75 01 E-mail:
Contact: Gerardo Pérez Aja
Tel:+34-945-01 75 06 Fax:+34-945-01 75 01
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Industrial prices rose by 0.9% in March 2007

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