Press Release 22/05/2015
Industrial prices of the Basque Country increased by 0.5 % in April 2015 with regards to the previous month
They were 1.5% down on the previous year (April 2015 on April 2014)
Industrial prices of the Basque Country increased by 0.5% in April 2015 with regards to the previous month, according to data prepared by EUSTAT. With these data, the year-on-year rate for April, which indicates the fluctuation in industrial prices over the last twelve months, registered a drop of 1.5%.
The more detailed sectorial analysis reveals that in April 2015 the most inflationary branches on the previous month were Coke Plants & Oil Refining, with an increase in its prices of 2.8%; Electricity, Gas & Steam, which rose by 1.1%; and Chemical Industry, which grew by 0.6%. On the other hand, the greatest decreases occurred in Extraction Industries, which fell by 1.0% and Manufacture of Computer, Electronic & Optical Products, which dropped by 0.5%.
In the year-on-year period, from April 2014 to April 2015, the greatest increase in prices occurred within the branches of Electricity, Gas & Steam with a rise of 4.4%, Manufacture of Pharmaceutical Products, up by 1.8%, and Manufacture of Transport Material, where prices rose by 0.9%. Conversely, there were decreases in prices corresponding to the sectors of, among others, Coke Plants & Oil Refining, which fell by 16.6%; Extraction Industries, which dropped by 2.7%; and Furniture & Other Manufacturing Industries, Repair and Installation, which decreased by 2.0%.
With regards to the classification of goods by economic destination, the price variation in April over the previous month of the large sectorial groups was positive both for Energy, whose prices posted a rise of 2.2%, and for Intermediate Goods where prices rose by 0.1%. Capital Goods and Consumer Goods as a whole remained unchanged (0.0% in both cases); the latter remained unchanged as a consequence of the fall in Consumer Durables, which dropped by 0.1%, whilst Consumer Non-Durables rose by 0.1%.
The price variation of these large groups of goods was negative in all cases over the year-on-year period, with the exception of Capital Goods, which were up 0.2%. Energy fell by 7.8%, the prices of Intermediate Goods were down by 0.1% and those of Consumer Goods as a whole fell by 0.8%. Among these, the prices of Consumer Non-Durables dropped by 0.9%, while Consumer Durables did so by 0.5%.
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