Press Release 12/20/2012
Industrial prices fell by 0.4% in November 2012 with regards to the previous month
They were 0.8 % up on the previous year (November 2012 on November 2011)
Industrial prices in the Basque Country registered a fall of 0.4% in November 2012 on the previous month, according to data prepared by EUSTAT . With these data, the year-on-year rate for November, which indicates the fluctuation in industrial prices over the last twelve months, showed growth to be 0.8%.
A more detailed analysis by sector reveals that in November 2012 the most inflationary branches compared to the previous month were “Manufacture of Pharmaceutical Products" (2.5%) “Electricity, Gas & Steam” (1.0%) and "Manufacture of Computer Products" (0.5%). The sectors to experienced the largest drops in their prices were “Coke Plants & Oil Refining” (-3.5%), “Extractive Industries” (-0.9%) y “Plastics & Rubber” (-0.3%).
During the year-on-year period, November 2012 on November 2011, the highest price rises were recorded by “Electricity, Gas & Steam", with a 6.6% rise, “Manufacture of Computer & Electronic Products” and “Textile Industry”, both with rises of 6.0%. On the other hand, greater downturns were recorded in the prices corresponding to "Manufacture of Transport Material" (-3.0%) "Extraction Industries" (-2.0%) and "Metallurgy & Metal Products" (-1.3%).
According to the classification of goods by economic destination, the evolution of prices in the large sectoral groups in November compared to the previous month was varied: the price of Energy experienced a fall of 1.6%, prices of both Intermediate Goods and Equipment Goods were both down by 0.2%, whereas prices of Consumer Goods as a whole rose by 0.4%, with prices of Consumer Non-Durables up by 0.5% and those of Consumer Durables up by 0.1%.
The price evolution of these large goods groups also varied over the year-on-year period. Prices corresponding to Energy rose by 4.4%, and those of Intermediate Goods were down by 0.1%, whilst those relating to Equipment Goods remained unchanged. The prices of Consumer Goods as a whole were up by 0.1%. Amongst the latter, the prices of Consumer Durables rose by 0.3%, whilst Consumer Non-Durables remained unchanged.
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.eus
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.