Press Release 24/02/2015
Industrial prices in the Basque Country decreased by 0.5% in January 2015 with regards to the previous month
Compared to the previous year (January 2015 on January 2014) they were down 3.5%
Industrial prices in the Basque Country decreased by 0.5% in January 2015 with regards to the previous month, according to data prepared by EUSTAT. With these data, the year-on-year rate for January, which indicates the fluctuation in industrial prices over the last twelve months, registered a drop of 3.5%.
The more detailed sectorial analysis reveals that in January 2015 the most inflationary branches on the previous month were Electricity, Gas & Steam, with an increase in its prices of 3.9%; Extraction Industries, which rose by 1.7%; and the Textile Industry, which grew by 1.5%. On the other hand, the greatest decreases in prices were seen in the sectors of Coke Plants & Oil Refining which dropped by 9.1%; Chemical Industry, which was down by 1.6%, and Rubber, Plastic and other Non-Metallic Products, with a fall in its prices of 0.9%.
In the year-on-year period, from January 2014 to January 2015, the greatest increases in prices occurred within the branches of Manufacture of Computer, Electronic & Optical Products, which rose by 1.8%; Textile, Garments, Leather & Footwear, where prices rose by 1.7%; and Metallurgy & Metal Products, which increased by 0.8%. Conversely, there were decreases in prices corresponding to the sectors of, among others, Coke Plants and Oil Refining, which fell by 28.6%; Furniture & Other Manufacturing Industries, Repair and Installation which dropped by 2.8%; and Chemical Industry, which saw its prices fall by 2.5%.
According to the classification of Goods by economic destination, the evolution of prices in the large sectorial groups registered distinct changes in January: The price of Energy was down by 2.6% and Intermediate Goods fell by 0.4%, whilst Equipment Goods were up by 0.2% and Consumer Goods as a whole rose by 0.2%, as a consequence of the increased prices of Consumer Durables (0.1%), and of Consumer Non-Durables (0.2%).
The price variation of these large groups of goods was negative in all cases over the year-on-year period, with the exception of Intermediate Goods, which were up 0.1%. Energy fell by 16.8%, the prices of Equipment Goods were down by 0.1% and those of Consumer Goods as a whole fell by 0.5%. Among the latter, the prices of Consumer Durables dropped by 0.8%, while Consumer Non-Durables fell 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