Press Release 23/07/2013
Industrial prices of the Basque Country decreased by 0.3% in June 2013 with regards to the previous month
They were 1.0% down on the previous year (June 2013 on June 2012)
Industrial prices in the Basque Country fell by 0.3% in June 2013 compared to the previous month, according to EUSTAT data. With these data, the year-on-year rate for June, which indicates the fluctuation in industrial prices over the last twelve months, registered a drop of 1.0%.
A more detailed sectorial analysis shows that the most inflationary branches in June 2013, with regard to the previous month, were Furniture & Other Manufacturing Industries (0.5%), Chemical Industry and Textile, Garments, Leather & Footwear, both with an increase of 0.2%. On the other hand, the sectors that experienced the largest falls in prices were Extraction Industries (-2.1%), Electricity, Gas & Steam (-1.3%) and Manufacture of Pharmaceutical Products (-1.0%).
During the year-on-year period, June 2013 on June 2012, the highest price rises were recorded by Manufacture of Pharmaceutical Products and Coke Plants & Oil Refining, both with an increase of 2.2%, and Manufacture of Machinery & Equipment and Textile, Garments, Leather & Footwear, which rose by 2.0%. On the other hand, prices fell in Electricity, Gas & Steam (-5.1%), Metallurgy & Metal Products (-2.9%), and Furniture & Other Manufacturing Industries (-1.7%), among others.
According to the classification of goods by economic destination, the evolution of prices in the large sector groups in June was negative for nearly all of them. The price of Energy was down by 1.2%, while the prices of Intermediate Goods and Equipment Goods both fell by 0.1%. Consumer Goods as a whole were unchanged (0.0%), due to the fact that prices of Consumer Non-Durables fell (-0.1%), while Consumer Durables rose by 0.3%.
The variation in prices for these large goods groups in the year-on-year period was different for each one. Prices corresponding to Energy fell by 1.4%, similar to the prices of Intermediate Goods, down by 2.0%. Equipment Goods registered an increase in prices of 1.1%, while those of Consumer Goods rose by 0.2%. Amongst the latter, the prices of Consumer Durables rose by 0.3%, and Consumer Non-Durables were up by 0.2%.
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