Press Release 22/06/2012

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

Industrial prices fell by 0.9% in May 2012 on the previous month

They were 1.8% up on the previous year (May 2012 on May 2011)

Industrial prices in the Basque Country fell by 0.9% in May 2012 compared to the previous month, according to EUSTAT data. The year-on-year rate for May, which indicates the fluctuation in industrial prices over the last twelve months, showed growth to be 1.8%.

A more detailed sectorial analysis reveals that in May 2012 the most inflationary branches, compared to the previous month, were “Manufacture of Computer, Electronic & Optical Products” (1.2%), “Manufacture of Electrical Material and Equipment” (1.2%) and “Timber, Paper, & Graphic Arts” (0.6%), amongst others. By contrast, the sectors that saw the greatest price drops were “Coke Plants & Oil Refining" (-4.9%) , “Textile, Garments, Leather & Footwear” (-3.9%) and "Electricity" and "Extraction Industries", both down 2.5%.

During the year-on-year period, May 2012 on May 2011, the highest price rises were recorded in the branches of “Electricity, Gas & Steam" (10.6%) “Coke Plants & Oil Refining” (8.4%), and “Manufacture of Computer and Electronic Products” (5.9%). On the other hand, price drops were recorded in "Food Industry" (-2.0%) "Textile, Garments, Leather & Footwear (-2.0%).and "Metallurgy & Metal Products" (-1.6%).

According to the classification of goods by economic destination, the evolution of prices in the large sectorial groups varied in May compared to the previous month was varied: the price of Energy experienced a fall of 3.9%, prices of Intermediate Goods were up 0.1%, those of Equipment Goods fell by 0.2% and those of Consumer Goods as a whole were down by 0.5%, due to that fact that despite there being no variation in prices of Consumer Durables (0.0%), those of Non-Durables fell by 0.7%.

The price evolution of these large groups of goods varied over the year-on-year period. Prices corresponding to Energy rose by 9,3% y those of Equipment Goods were up by 1.1%, whilst those corresponding to Intermediate Goods (-0.4%) and Consumer Goods (-0.8%) were down. Amongst the latter, the prices of Consumer Durables rose by 0.8%, whilst Consumer Non-Durables were down by 1.4%.

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.