Press Release 24/10/2012
Industrial prices rose by 0.4% in September 2012 on the previous month
They were 2.0% up on the previous year (September 2012 on September 2011)
Industrial prices in the Basque Country increased by 0.4% in September 2012 compared to the previous month, according to EUSTAT data. With these data, the year-on-year rate for September, which indicates the fluctuation in industrial prices over the last twelve months, showed growth to be 2.0%.
A more detailed sectorial analysis shows that the most inflationary branches in September 2012, with respect to the previous month, were “Electricity, Gas & Steam” (5.0%), “Extraction Industries” (0.8%), “Food Industry” (0.7%) and “Manufacture of Computer Products” (0.7%), amongst others. On the other hand, those that experienced the greatest decreases in their prices were: “Manufacture of Transport Material” and “Coke Plants & Oil Refining”, both with drops of 0.8%, and “Timber & Paper Industry”, down 0.1%.
During the year-on-year period, September 2012 on September 2011, the highest price rises were recorded by “Coke Plants & Oil Refining" (11.2%), “Electricity, Gas & Steam” (11.1%), and “Manufacture of Computer & Electronic Products” (5.4%). On the other hand, greater price drops were recorded in "Manufacture of Transport Material" (-2.5%) "Metallurgy & Metal Products" (-1.6%).and "Manufacture of Pharmaceutical Products" (-0.5%).
According to the classification of goods by economic destination, the evolution of prices in the large sectorial groups in September compared to the previous month was varied: the price of Energy experienced a rise of 1.7%, prices of Intermediate Goods were up by 0.2%, those of Equipment Goods fell by 0.2% and those of Consumer Goods as a whole rose by 0.2%, with prices of Consumer Durables dropping by 0.1% and those of Consumer Non-Durables increasing by 0.3%.
The price evolution of these large goods groups varied over the year-on-year period. Prices corresponding to Energy rose by 11.2%, and those of Equipment Goods were up by 0.3%, whilst those relating to Intermediate Goods fell by 0.4%. 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 0.9%.
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.