Press Release 23/08/2012

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

Industrial prices rose by 0.6% in July 2012 on the previous month

They were 1.0% up on the previous year (July 2012 on July 2011)

Industrial prices in the Basque Country increased by 0.6% in July 2012 compared to the previous month, according to EUSTAT data. With these data, the year-on-year rate for July, which indicates the fluctuation in industrial prices over the last twelve months, showed growth to be 1.0%.

December year-on-year variation rates of Industrial Prices in the Basque Country. Provisional data

(*) Inter-annual growth July 2012

Source: Eustat. Industrial Price Index of the Basque Country (IPRI)

A more detailed sectorial analysis reveals that the most inflationary branches in July 2012, with respect to the previous month, were “Coke Plants & Oil Refining” (5.3%), “Food Industry” (1.0%) and “Extraction Industries” (0.9%), amongst others. On the other hand, those that experienced the greatest decreases in their prices were: “Electricity, Gas & Steam” (-1,8%), “Manufacture of Transport Material” (-0,5%) and “Rubber & Plastic”, down 0,2%.

During the year-on-year period, July 2012 on July 2011, the highest price rises were recorded by “Electricity, Gas & Steam" (7.6%) “Manufacture of Computer & Electronic Products” (6.5%), and “Coke Plants & Oil Refining” with a rise of 4.8%. On the other hand, price drops were recorded in "Manufacture of Transport Material" (-2.5%) "Textile, Garments, Leather & Footwear (-2.1%).and "Metallurgy & Metal Products" (-1.5%).

According to the classification of goods by economic destination, the evolution of prices in the large sectorial groups in July compared to the previous month was varied: the price of Energy experienced a rise of 2.1%, prices of Intermediate Goods were up 0.4%, those of Equipment Goods fell by 0.1% and those of Consumer Goods as a whole were unchanged, due to that fact that prices of Consumer Durables and those of Non-Durables remained stable (0.0%).

The price evolution of these large goods groups varied over the year-on-year period. The prices corresponding to Energy rose by 6.0%, as did those of Equipment Goods, which were up 0.7%, whilst those relating to Intermediate Goods fell by 0.6%. The prices of Consumer Goods as a whole were down by 0.6%. Amongst the latter, the prices of Consumer Durables rose by 0.6%, whilst Consumer Non-Durables were down by 1.1%.

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.