Press Release 24/07/2014
Industrial prices in the Basque Country increased by 0.9 % in June 2014 with regards to the previous month
They were 0.2% up on the previous year (June 2014 on June 2013)
Industrial prices in the Basque Country increased by 0.9% in June 2014 compared to the previous month, according to data provided by EUSTAT. With these data, the year-on-year rate for June, which indicates the fluctuation in industrial prices over the last twelve months, registered a rise of 0.2%.
A more detailed sectorial analysis shows that the most inflationary branches in June 2014, with regard to the previous month, were Electricity, Gas & Steam which rose by 4.0%, Coke Plants & Oil Refining, which was up by 1.9%, and Metallurgy & Metal Products, which rose by 0.5%. On the other hand, the greatest decreases were seen in the sectors of Extraction Industries, which fell by 0.8% and Manufacture of Computer, Electronic & Optical Products which, along with Food, Beverages & Tobacco, dropped by 0.4%
In the year on year period, June 2014 compared to June 2013, the greatest price increases occurred in the branches of Electricity, Gas & Steam, which rose by 4.1%, and Timber, Paper & Graphic Arts, which increased by 1.4%. Conversely, there were decreases in prices corresponding to the sectors of, among others, Extraction Industries, down by 2.1%, Manufacture of Electrical Material and Equipment, which decreased by 1.2%, and Chemical Industry, which dropped 1.1%.
According to the classification of goods by economic destination, the variation of prices in June compared to the previous month in the large sectorial groups diverged: Prices for Energy rose by 3.2%, while those of Intermediate Goods increased by 0.3%. Equipment Goods saw a decrease of 0.1% and Consumer Goods as a whole fell by 0.2% as a consequence of prices in Consumer Non-durables falling by 0.3%, and those of Consumer Durables increasing by 0.1%.
The price evolution of these large goods groups over the year-on-year period was positive only for Energy which posted a rise of 2.0%. Intermediate Goods and Equipment Goods both posted a drop of 0.6%, while the prices of Consumer Durables as a whole remained unchanged (0.0%). Amongst the latter, the prices of Consumer Durables dropped by 1.3%, whilst Consumer Non-Durables rose by 0.4%.
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