Press release 24/03/2010
Industrial prices rose by 0.1% in February 2010 on the previous month
Industrial prices rose by 0.6% compared to the previous year (February 2010 on Feburary 2009)
Industrial prices rose by 0.1% in the Basque Country in February 2010 compared to the previous month, according to EUSTAT data. With these figures, the year-on-year rate for February, which indicates the fluctuation in industrial prices over the last twelve months, registered an upturn of 0.6%.
Percentage evolution of the Industrial Price Index of the Basque Country
A more detailed sectorial analysis shows that the most inflationary branches in February2010, compared to the previous month, were “Textile and Garments” (0.9%), “Metallurgy and Metal” (0.6%), “Oil Refinery” (0.4%) and “Metal and Non-Metal Minerals” (0.4%). By contrast, the sectors whose prices fell most were “Energy Electricity, Gas and Water” (-0.9%), “Electrical Material” (-0.5%), “Other Manufacturers” (-0.2%) and “Paper, Printing and Graphic Arts” (-0.1%).
Over the year-on-year period February 2010 on February 2009, the highest growth in prices was registered by the branches of “Oil By-products" (29.6%) “Other Manufacturers” (3.7%), “Leather and Footwear” (1.7%), and “Electrical Equipment” (1.5%). However, the largest falls in prices were recorded in the following sectors: “Electricity, Gas and Water” (-5.5%), “Timber Industry“ (-4.5%), the “Metallurgy and Metal Articles " (-4.2%) and the “Food Industry” (-1.3%).
According to the classification of Goods by Economic Destination, the prices in the large sectorial groups performed differently in February. the prices of Intermediary Goods rose by 0.3%, Capital Goods by 0.1%, while Energy prices fell by 0.2% and Consumer Goods overall by 0.1%, as a result of the drop registered by the prices of Consumer Durables (-0.2%), while Consumer Non-Durables did not fluctuate with respect to the previous month (0.0%).
The price evolution of these large groups of goods reveals differences over the year-on-year period. Energy prices increased by 10.5%, Capital Goods rose by 0.6%, while Intermediary were down by 2.3% and Consumer Goods registered a 1.1% decrease. Among the latter, the prices of Durables fell by 1.3% while Non- Durables were down by 1.0%.
For further information:
Basque Statistics Office
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Tlf:+34-945-01 75 00 Fax:+34-945-01 75 01 E-mail: eustat@eustat.es
Contact: Gerardo Pérez Aja
T el:+34-945-01 75 06 F ax:+34-945-01 75 01
Online press releases about Indutrial Price Index
Databank on Industrial Price Index