Press Release 02/22/2013

INDUSTRIAL PRICE INDEX OF THE BASQUE COUNTRY (IPRI) JANUARY 2013

Industrial prices in the Basque Country rose by 0.7% in January 2013 compared to the previous month

Compared to the previous year (January 2013 on January 2012) they were down 0.2%

Industrial prices in the Basque Country rose by 0.7% in January 2013 compared to the previous month, according to EUSTAT data. With these data, the year-on-year rate for January, which indicates the fluctuation in industrial prices over the last twelve months, registered a drop of 0.2%.

A more detailed analysis by sector shows that in January 2013 the most inflationary branches, compared to the previous month, were “Coke Plants & Oil Refining” (4.6%), “Extraction Industries” (2.9%) and “Electronic & Computer Products”, (1.8%), amongst others. By contrast, the only sectors to experience a drop in prices were “Food Industry” (-0.6) and “Metallurgy & Metal Products” (-0.2).

During the year-on-year period, January 2013 on January 2012, the highest price rises were recorded by “Computer & Electronic Products" (5.3%), “Electricity, Gas & Steam” (3.2%), and “Pharmaceutical Products” (2.5%). On the other hand, there were decreases in prices corresponding to the “Textile Industry, Leather & Shoes” (-3.2%), “Food, Beverages & Tobacco” (-2.4%) and “Transport Material” (-1.9) sectors.



With regards to the classification of Goods by economic destination, the evolution of prices in January as regards the large groups by sector followed an upwards trajectory for the majority: the price of Energy was up by 2.8%, Equipment Goods saw their prices rise by 0.7%, the prices of Intermediate Goods were up by 0.1% and Consumer Goods as a whole remained stable (0.0%), as a consequence of the increase experienced by the prices of Consumer Durables, which rose by 0.2%, and the decrease in prices of Consumer Non-Durables, which dropped by 0.1%.

The variation in prices for these large goods groups in the year-on-year period was different for each one. Prices corresponding to Energy increased by 1.1% and there was no change in Equipment Goods (0.0%), whereas prices of Intermediate Goods fell by 0.7% and those corresponding to Consumer Goods were down by 1.2%. Amongst the latter, the prices of Consumer Durables rose by 0.3%, whilst Consumer Non-Durables were down by 1.7%.

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.