Press Release 23/03/2015
Industrial prices of the Basque Country rose by 0.6 % in February 2015 on the previous month
With regards to the previous year (February 2015 on February 2014) they fell by 2.8%
Industrial prices of the Basque Country rose by 0.6% in February 2015 on the previous month, according to data prepared by EUSTAT. With these data, the year-on-year rate for February, which indicates the fluctuation in industrial prices over the last twelve months, registered a drop of 2.8%.
The more detailed sectorial analysis reveals that in January 2015 the most inflationary branches on the previous month were Coke Plants & Oil Refining, with an increase in its prices of 9.4%; Manufacture of Pharmaceutical Products, which rose by 0.6%; and Manufacture of Electrical Material & Equipment, which grew by 0.4%. On the other hand, the greatest falls in prices occurred in Textile Industry, Leather & Shoes, which dropped by 2.4%, and Extraction Industries, which was down by 1.7%.
In the year-on-year period, from February 2014 to February 2015, the greatest increase in prices occurred within the branches of Manufacture of Pharmaceutical Products, with an increase of 1.1%; Manufacture of Electrical Material and Equipment, which rose 1.0%; and Electricity, Gas & Steam, where prices rose by 0.8%. Conversely, there were decreases in prices corresponding to the sectors of, among others, Coke Plants and Oil Refining, which fell by 22.6%; Chemical Industry, which dropped by 2.8%; and Furniture & Other Manufacturing Industries, Repair and Installation, which decreased by 2.1%.
According to the classification of Goods by economic destination, the evolution of prices in the large sectorial groups registered distinct changes in February. Energy registered a price rise of 4.4% and Capital Goods increased by 0.1%. Intermediate Goods fell by 0.4%, whilst Consumer Goods as a whole remained unchanged (0.0%), as did its two components, as the prices of both Consumer Durables and Non-Durables remained stable (0.0%).
The price variation of these large groups of goods was negative in all cases over the year-on-year period, with the exception of Equipment Goods, which were up 0.1%. Energy fell by 13.1%, the prices of Intermediate Goods were down by 0.3% and those of Consumer Goods as a whole fell by 0.4%. Amongst the latter, the prices of Consumer Non-Durables dropped by 0.6%, whilst Consumer Durables were unchanged (0.0%).
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