Press Release 23/05/2013
Industrial prices of the Basque Country decreased by 0.4% in April 2013 with regards to the previous month
They were 0.9% down on the previous year (April 2013 on April 2012)
Industrial prices in the Basque Country fell by 0.4% in April 2013 compared to the previous month, according to EUSTAT data. With these data, the year-on-year rate for April, which indicates the fluctuation in industrial prices over the last twelve months, also registered a drop of 0.9%.
A more detailed sectorial analysis reveals that in April 2013 the most inflationary branches compared to the previous month were “Chemical Industry” (1.5%) and “Manufacture of Pharmaceutical Products” (1.3%). On the other hand, the greatest decreases in prices were in the sectors of “Coke Plants & Oil Refining” (-4.0%), “Furniture & Other Manufacturing Industries” (-0.8%) and “Timber, paper, and graphic arts” (-0.7%).
In the year-on-year period, April 2013 on April 2012, the highest price increases took place in the branches of "Manufacture of Machinery and Equipment" (2.6%), "Manufacture of Transport Material" (1.7%) and "Manufacture of Pharmaceutical Products" (1.6%). On the other hand, decreases were registered in prices corresponding to the sectors of "Coke Plants & Oil Refining" (-6.9%), "Metallurgy & Metal Products" (-2.2 %) and "Extraction Industries" (-1.4%), amongst others.
According to the classification of goods by economic destination, the evolution of prices in April for the large sector groups was as follows: the price of Energy was down by 2.2% and the prices of Equipment Goods and Intermediate Goods remained unchanged (0.0%), whereas Consumer Goods as a whole dropped by 0.2% as a consequence of the fall in prices of Consumer Non-durables, which were down by 0.3%, although Consumer Durables were up by 0.2%.
The variation in prices for these large goods groups in the year-on-year period was different for each. Prices corresponding to Energy decreased by 3.9%, with those corresponding to Intermediate Goods falling by 1.3%, whereas prices of Equipment Goods were up by 1.5% and those corresponding to Consumer Goods increased by 0.7%. Amongst the latter, the prices of Consumer Durables rose by 0.6%, whilst Consumer Non-Durables increased by 0.8%.
For further information:
Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Press Service: servicioprensa@eustat.eus Tlf: 945 01 75 62
Further press releases on IPRI - Industrial Price Index of the Basque Country
Databank on IPRI - Industrial Price Index of the Basque Country