Press Release 24/10/2018

INDUSTRIAL PRICE INDEX, SEPTEMBER 2018

Industrial prices of the Basque Country rose by 0.5% in September 2018 compared to the previous month

They were 4.9% up on the previous year (September 2018 on September 2017)

Industrial prices of the Basque Country rose by 0.5% in September 2018 compared to the previous month, according to EUSTAT data. With these data, the year-on-year rate for September, which indicates the fluctuation in industrial prices over the last twelve months, showed growth to be 4.9%.

A more detailed sector-level analysis reveals that in September 2018, the most inflationary branches on the previous month were: Coke Plants and Oil Refining, up 2.1%, Textile, Garments, Leather & Footwear, which saw an increase of 1.3%, and Electricity, Gas, Steam & Air Conditioning, with a rise of 0.9%.

On the other hand, the following sectors experienced decreases in prices: Chemical Industry, which experienced a 2.1% drop in prices, Furniture, Other Manufacturing Industries; Repairs and Installation, whose prices decreased by 0.3%, and Manufacture of Electrical Material and Equipment, which fell by 0.1%.

According to the classification of goods by economic destination, and in relation to the previous month, Energy prices rose 1.7%, those of Intermediate Goods by 0.4% and those of Capital Goods were up by 0.1%. Prices of Consumer Goods as a whole were up 0.2%, as a result of the rise in prices of Consumer Non-durables, up 0.3%, whilst the prices of Consumer Durables fell by 0.1%.

In the year-on-year period, September 2018 on September 2017, the greatest increases in prices occurred within the branches of: Coke Plants and Oil Refining, up by 21.8%; Metallurgy & Metal Products, with an increase of 5.9%, and Timber, Paper & Graphic Arts, which rose by 3.9%. By contrast, there were decreases or lower rises in prices corresponding to the Furniture and Other Manufacturing Industries; Repairs and Installation sector, down by 1.4%, Computer, Electronic & Optical Products, with an increase of 0.1% and Rubber, Plastic and other Non-Metallic Mineral Products, up 0.4%.

The price variation of the large goods groups was positive over the year-on-year period in all cases. Energy increased by 13.9%, Intermediate Goods rose by 4.5% and prices corresponding to Capital Goods were up by 1.4%. The prices of Consumer Goods increased by 1.8%, and among the latter, the prices of Consumer Non-Durables were up by 2.0%, whilst the prices of Consumer Durables rose by 1.0%.

For further information:

Eustat - Euskal Estatistika Erakundea / Basque Statistics Institute C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz Press Service: servicioprensa@eustat.eus Tel: 945 01 75 62