Press Release 21/08/2014

INDUSTRIAL PRICE INDEX OF THE BASQUE COUNTRY (IPRI) JULY 2014

Industrial prices in the Basque Country decreased by 0.4% in July 2014 with regards to the previous month

They were 0.6% down on the previous year (July 2014 on July 2013)

Industrial prices in the Basque Country decreased by 0.4% in July 2014 compared to the previous month, according to data provided by EUSTAT. With these data, the year-on-year rate for July, which indicates the fluctuation in industrial prices over the last twelve months, registered a drop of 0.6%.

A more detailed sectorial analysis reveals that in July 2014 the branches up on last month were Pharmaceutical Products and the Food, Beverages & Tobacco Industry with an increase of 0.3% each and Metallurgy & Metal Products, which increased 0.2%. On the other hand, the largest drops were in the Electricity, Gas & Steamand Coke Plants & Oil Refining sectors, the prices of which both dropped 1.5%, and Extractive Industries, which dropped 1.3%.

In the year-on-year period, July 2014 on July 2013, the highest price increases were in the Electricity, Gas & Steam branches, which increased 2.2%, and the Timber, Paper & Graphic Arts Industry with an increase of 1.2%. In contrast, there were decreases in prices corresponding to the sectors of Metallurgy & Metal Products which fell by 4.1%, Coke Plants & Oil Refining, which was down by 3.4% and Electricity, Gas & Steam, which was down by 1.9%.

With regards to the classification of goods by economic destination, the price variation in July over the previous month of the large sectorial groups was negative for Energy, whose prices dropped 1.7%, while Intermediate Goods and Capital Goods remained unchanged (0.0%). Consumer Goods as a whole were up 0.1%, as a result of the rise in the prices of Consumer Non-Durables (0.2%), while Consumer Durables remained the same (0.0%).

The price variation of these large goods groups were negative over the year-on-year period for Energy, which dropped 1.0%, Intermediate Goods and Capital Goods, which both dropped 0.7%. Consumer Goods as a whole remained unchanged (0.0%). Among the latter, the prices of Consumer Durables dropped by 1.1%, while Consumer Non-Durables rose by 0.4%.

For further information:

Eustat - Euskal Estatistika Erakundea / Basque Statistics Institute C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz Press Service: servicioprensa@eustat.eus Tel: 945 01 75 62 Further press releases on IPRI – Industrial Prices in the Basque Country. Databank on IPRI – Industrial Prices in the Basque Country.