Press release 24/10/2005

INDUSTRIAL PRICE INDEX (IPRI) SEPTEMBER 2005



Industrial prices rose 0.3% in September 2005


The inter-annual increase (September 2005 on September 2004) for industrial prices came to 4.2%


Industrial prices in the A.C. of the Basque Country registered a 0.3% increase in September 2005, according to EUSTAT data. With these data, the inter-annual rate for September, which shows the variation in industrial prices over the last twelve months, came to an increase of 4.2%. The rise over the first nine months of the year was also 4.2% on December 2004. The impact of the rise in prices of oil products also affects monthly and inter-annaul data and the data for this year to date.



A more detailed sectorial analysis shows that in September 2005 the most inflationary branches in relation to the previous month were “Oil Refiining” (4.9%), “Metal and non-metal minterals” (3.8%), “Electric material” (0.6%), “Textiles and clothing” (0.1%) and “Paper, publishing and graphic arts” (0.1%). On the other hand, the sectors that experienced price decreases were “Electric energy, gas and water” (-3.0%), “Leather and footwear industry” (-1.2%), “Chemicals industry” (-0.3%), “Metallurgy and metal articles” (-0.3%), “Machinery” (-0.2%) and “Other Manufactured” (-0.2%), among others.


Over the inter-annual period, September 2005 on September 2004, the highest prices increases corresponded to the branches of “Oil Refining” (31.7%), “Metal and non-metal minerals” (11.2%), "Chemicals industry” (4.1%), “Textiles and clothing” (3.3%) and “Other manufactured” (3.2%). By contrast, decreases or lower growth was registered for the prices correspoonding to the sectors “Paper, publishing and graphic arts” (-0.3%), “Timber industry” (0.4),”Transport material” (0.4%), “Leather and footwear industry" (0.5%), and “Electric material” (0,6%).


Following the classification of Goods by economic destination, the evolution of prices in September of large sectorial groups followed differing trends: Energy registered the highest increase (2.7%), while Capital Goods mantained stable monthly prices (0.0%) and Consumer Goods as a whole (0.0%). Prices remained unchanged for Non-Durable Consumer Goods, but fell by 0.1% for Durable Consumer Goods. The prices of Intermediate Goods registered a 0.3% decrease with regard to the previous month.


The evolution of prices for large groups of Goods revealed sharper differences over the inter-annual period, although they were all positive. Prices corresponding to Energy increased by 22%, Intermediate Goods rose 1.9%, Capital Goods increased by 1.4% and the price of Consumer Goods went up by 1.6%. Among the latter the price of Durable Consumer Goods rose by 2.1% and Non-Durable Consumer Goods increased by 1.4%.





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: Gerardo Pérez Aja
Tel:+34-945-01 75 06 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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