Press Release 23/05/2014
Industrial prices in the Basque Country decreased by 0.1 % in April 2014 with regards to the previous month
They were 1.4% down on the previous year (April 2014 on April 2013)
Industrial prices in the Basque Country decreased by 0.1% in April 2014 with regards to the previous month, according to data provided by EUSTAT. With these data, the year-on-year rate for April, which indicates the fluctuation in industrial prices over the last twelve months, registered a drop of 1.4%.
A more detailed sectorial analysis shows that the most inflationary branches in April 2014, with regard to the previous month, were “Coke Plants & Oil Refining”, which rose by 1.0%, and “Manufacture of Electrical Material & Equipment" and "Extraction Industries", which both rose by 0.8%. On the other hand, the greatest decreases in prices were seen in the sectors of Electricity, Gas & Steam, which fell by 2.4%, Furniture & Other Manufacturing Industries, where prices dropped by 0.6% and Manufacture of Computer, Electronic & Optical Products which, along with Manufacture of Pharmaceutical Products, saw prices fall by 0.2%.
During the year-on-year period, April 2014 on April 2013, the highest price rises were recorded by Timber, Paper & Graphic Arts where they grew by 0.7%, while Food beverages and tobacco and Manufacture of Pharmaceutical Products both rose by 0.1%. In contrast, there were decreases in prices corresponding to the sectors of, among others, Metallurgy & Metal Products which fell by 2.4%, Coke Plants & Oil Refining, which was down by 2.0% and Electricity, Gas & Steam, which was down by 1.8%.
According to the classification of goods by economic destination, the variation of prices in April compared to the previous month in the large sectorial groups varied: Intermediate Goods rose by 0.2%, while Equipment Goods fell by 0.2%. Energy saw a fall in its prices of 0.6% and Consumer Goods as a whole did not show any change (0.0%) as a result of the rise in the prices of Consumer Durables (0.2%) and the fall in those of Consumer Non-durables (-0.1%).
The price variation of these large goods groups showed the same indications over the year-on-year period in nearly all cases. Energy decreased by 2.6%, Intermediate Goods registered a fall of 1.7% and prices corresponding to Equipment Goods were down by 0.6%. Consumer Goods as a whole fell by 0.2%. Amongst the latter, the prices of Consumer Durables dropped by 1.6%, whilst Consumer Non-Durables rose by 0.3%.
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