Press Release 24/10/2013
Industrial prices of the Basque Country decreased by 0.2% in September 2013 with regards to the previous month
They were 2.0% down on the previous year (September 2013 on September 2012)
Industrial prices in the Basque Country decreased by 0.2% in September 2013 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, registered a drop of 2.0%.
A more detailed sectorial analysis shows that the most inflationary branches in September 2013, with regard to the previous month, were Extraction Industries with an increase of 0.8%, Timber, Paper & Graphic Arts which increased by 0.3% and Electricity, Gas & Steam which was up 0.1%. By contrast, the sectors with the greatest falls in prices were Manufacture of Computer, Electronic & Optical Products (-1.2), Furniture & Other Manufacturing Industries (-0.8), and Metallurgy & Metal Products (-0.4%).
In the year-on-year period, from September 2012 to September 2013, the greatest increase in prices occurred within the branches of Plastic & Rubber with an increase of 3.3%, Manufacture of Pharmaceutical Products, with an increase of 2.2% and Manufacture of Machinery & Equipment, where prices rose by 2.1%. On the other hand, price drops were recorded in Coke Plants & Oil Refining (-5.9%), Food, Beverages & Tobacco (-4.0%).and Metallurgy & Metal Products (-3.1%), amongst others.
According to the classification of goods by economic destination, the evolution of prices in the large sector groups in September was negative for all of them, except for Energy whose price rose by 0.1%. The prices of Equipment Goods and Intermediate Goods both fell by 0.3%. Consumer Goods as a whole fell by 0.1%, due to the fact that prices of Consumer Non-Durables fell (-0.2%), while Consumer Durables rose by 0.2%.
The price evolution of these large goods groups over the year-on-year period was positive only for Equipment Goods which rose by 0.9%. Prices corresponding to Energy were down by 5.1%, as were those for Intermediate Goods, which were down by 1.8%, and prices corresponding to Consumer Goods as a whole witnessed a fall of 1.6%. Amongst the latter, the prices of Consumer Non-Durables dropped by 2.2%, whilst Consumer 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