Press Release 22/04/2015
Industrial prices of the Basque Country rose by 0.3 % in March 2015 on the previous month
Compared to the previous year (March 2015 and March 2014) they decreased by 2.3%
Industrial prices of the Basque Country rose by 0.3% in March 2015 on the previous month, according to data prepared by EUSTAT. With these data, the year-on-year rate for March, which indicates the fluctuation in industrial prices over the last twelve months, registered a drop of 2.3%.
The more detailed sectorial analysis reveals that in March 2015 the most inflationary branches on the previous month were Coke Plants & Oil Refining, with an increase in its prices of 4.9%; Extraction Industries, which rose by 0.6%; and Manufacture of Transport Material, which grew by 0.4%. On the other hand, the greatest decreases in prices were seen in the sectors of Food, Beverages & Tobacco Industry, which fell by 0.9%, and Manufacture of Machinery & Equipment and Electricity, Gas & Steam, which both saw a decrease of 0.8%.
In the year-on-year period, from March 2014 to March 2015, the greatest increase in prices occurred within the branches of Manufacture of Pharmaceutical Products, with an increase of 1.4%; Manufacture of Transport Material, which rose 0.9%; 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 & Oil Refining, which fell by 18.1%; Chemical Industry, which dropped by 2.1%; and Furniture & Other Manufacturing Industries, Repair and Installation, which decreased by 2.0%.
According to the classification of Goods by economic destination, the evolution of prices in the large sectorial groups registered distinct changes in March with regards to the previous month. Energy registered a price rise of 2.1%, Capital Goods and Intermediate Goods remained unchanged (0.0% in both cases), whilst Consumer Goods as a whole were down by 0.5% as a consequence of the fall in prices both of Consumer Durables, which dropped by 0.3%, and Consumer Non-Durables, which fell by 0.6%.
The price variation of these large goods groups were negative over the year-on-year period in all cases, except for Equipment Goods, which remained unchanged (0.0%). Energy fell by 10.3%, the prices of Intermediate Goods dropped by 0.3%, and those of Consumer Goods as a whole, by 0.8%. Among these, the prices of Consumer Non-Durables dropped by 1.0%, while Consumer Durables did so by 0.2%.
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