Press Release 24/09/2012
Industrial prices rose by 0.6% in July 2012 on the previous month
They were 1.8% up on the previous year (August 2012 on August 2011)
Industrial prices in the Basque Country increased by 0.6% in August 2012 compared to the previous month, according to EUSTAT data. With these data, the year-on-year rate for August, 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 the most inflationary branches in August 2012, with respect to the previous month, were “Coke Plants & Oil Refining” (6.7%), “Food Industry” (0.5%) and “Chemical Industry” and “Manufacture of Machinery & Equipment” (both with increases of 0.2%), amongst others. On the other hand, those that experienced the greatest decreases in their prices were: “Manufacture of Transport Material” (-1,3%) and “Manufacture of Computer Products”, down 0.9%.
During the year-on-year period, August 2012 on August 2011, the highest price rises were recorded by “Coke Plants & Oil Refining" (15.8%), “Electricity, Gas & Steam” (7.0%), and “Manufacture of Computer & Electronic Products” (4.8%). On the other hand, price drops were recorded in the sectors of "Metallurgy & Metal Products" (-2.2%), "Manufacture of Transport Material" (-1.7%) and "Timber, Paper & Graphic Arts" (-1.4%).
According to the classification of goods by economic destination, the evolution of prices in the large sectorial groups in August compared to the previous month was varied: the price of Energy experienced a rise of 3.9%, prices of Intermediate Goods were down 0.2%, those of Equipment Goods fell by 0.4% and those of Consumer Goods as a whole were down 0.1%, due to that fact that although prices of Consumer Durables remained stable (0.0%), those of Consumer Non-Durables dropped by 0.1%.
The price evolution of these large goods groups varied over the year-on-year period. Prices corresponding to Energy rose by 12.0%, and those of Equipment Goods were up by 0.7%, whilst those relating to Intermediate Goods fell by 1.2%. The prices of Consumer Goods as a whole were down by 0.6%. Amongst the latter, the prices of Consumer Durables rose by 0.3%, whilst Consumer Non-Durables were down by 1.0%.
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.