Press release 23.02.12

INDUSTRIAL PRICE INDEX OF THE BASQUE COUNTRY (IPRI) JANUARY 2012

Industrial prices rose by 1.2% in January 2012 compared to the previous month

They were 3.6% up on the previous year (January 2011 on January 2010)

Industrial prices in the Basque Country rose by 1.2% in January 2012 compared to the previous month, according to EUSTAT data. The year-on-year rate for January, which indicates the fluctuation in industrial prices over the last twelve months, showed growth to be 3.6%.

A more detailed sectorial analysis shows that the most inflationary branches in January 2012, with respect to the previous month, were “Textile, Garments, Leather & Footwear” (5.6%), “Coke Plants and Oil Refining” (4.9%) and “Electronic & Computer Products” (2.3%), amongst others. On the other hand, the sectors that posted decreases or the smallest increases in prices were “Extraction Industries” (-1.1%), “Electrical Equipment & Material” (-0.1%) and “Manufacture of Transport Material” (0.0%).

During the year-on-year period, January 2012 on January 2011, the highest price rises were recorded by “Coke Plants & Oil Refining" (17.8%), “Electricity, Gas & Steam” (9.0%), and “Chemical Industry” (6.2%). On the other hand, prices fell in "Manufacture of Electrical Material and Equipment” (-0.7%) and "Pharmaceutical Products" (-0.5%).

According to the Classification of Goods by Economic Destination, the prices in the large sectorial groups all rose in January: the price of Energy rose by 3.2%, Equipment Goods were up by 0.9%, Intermediary Goods rose by 0.6% and Consumer Goods overall rose by 0.8%, as the result of the increase in Non-Durables (1.1%), whereas there was no change in the price of Consumer Durables (0.0%).

The price evolution of these large groups of goods also increased in all cases over the year-on-year period. Energy prices increased by 13.9%, those of Equipment Goods by 1.6%, those of Intermediate Goods were up 1.0% and there was also a 1.3% increase in prices of Consumer Goods. Amongst the latter, the prices of Consumer Non-Durables rose 1.6% whilst Consumer Durables were up by 0.6%.

For further information:

Basque Statistics Office 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 Further press releases on IPRI - Industrial Price Index of the Basque Country Databank on IPRI - Industrial Price Index of the Basque Country.