HomeThemesIndustrial price index (IPRI)Press releases Industrial prices in...

Press Release 23/10/2014

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

Industrial prices in the Basque Country remained stable in September 2014 compared to the previous month

They were 0.4% down on the previous year (September 2014 on September 2013)

Industrial prices in the Basque Country remained stable (0.0%) in September 2014 compared to the previous month, according to data prepared by EUSTAT. 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 0.4%.

A more detailed analysis by sector shows that in September 2014 the most inflationary branches, compared to the previous month, were Coke Plants & Oil Refining, which along with Furniture & Other Manufacturing Industries rose by 0.4%, and Electricity, Gas & Steam, which rose by 0.2%. On the other hand, the greatest decreases in prices were in the sectors of Chemical Industry, which experienced a drop of 0.6%, and Extraction Industries, which was down by 0.5%.

In the year-on-year period, September 2014 on September 2013, the greatest price increases took place in the branches of Electricity, Gas & Steam, up 2.9%, and Manufacture of Computer, Electronic & Optical Products, with an increase of 1.0%. Conversely, there were decreases in prices corresponding to the sectors of, among others, Coke Plants and Oil Refining, which fell by 5.0%; Extraction Industries, which dropped by 4.7%; and Manufacture of Electrical Material & Equipment, which decreased by 0.9%.

With regards to the classification of goods by economic destination, the price variation in September over the previous month of the large sectorial groups was positive for Energy, whose prices rose 0.4%, and for Equipment Goods which rose by 0.1%. The prices of Intermediate Goods, for their part, were down by 0.3%. Consumer Goods as a whole were down 0.1%, as a result of the fall in both the prices of Consumer Non-Durables and Consumer Durables which were both down by 0.1%.

The price variation of these large goods groups were negative over the year-on-year period for Energy, which dropped 1.7%, and Equipment Goods, down 0.2%, whereas Intermediate Goods remained unchanged (0.0%). For their part, prices of Consumer Goods as a whole were down by 0.4%. Among these, the prices of Consumer Durables dropped by 1.4%, while Consumer Non-Durables did so by 0.1%.

Industrial Price Index of the Basque Country. Variation rate(p). September 2014
Source: Eustat. Industrial Price Index of the Basque Country (IPRI)