Press Release 21/07/2015
Industrial prices in the Basque Country remained stable in June 2015 compared to the previous month
They were 2.5% down on the previous year (June 2015 on June 2014)
Industrial prices in the Basque Country remained unchanged (0.0%) in June 2015 with regards to the previous month, according to data prepared by EUSTAT. With these data, the year-on-year rate for June, which indicates the fluctuation in industrial prices over the last twelve months, registered a drop of 2.5%.
The more detailed sectorial analysis reveals that in June 2015 the most inflationary branches on the previous month were Electricity, Gas & Steam, with an increase in its prices of 2.4%, and Furniture & Other Manufacturing Industries; Repair and Installation, which grew by 0.6%. On the other hand, the greatest decreases were seen in the sectors of Coke Plants & Oil Refining, which dropped by 2.2%, and Manufacture of Electrical Material and Equipment, which was down by 0.6%.
In the year on year period, June 2015 to June 2014, the highest price increases took place in the branches of Manufacture of Transport Material, up by 1.1% and Manufacture of Pharmaceutical Products, which increased by 0.9%. Conversely, there were decreases in prices corresponding to the sectors of, among others, Coke Plants & Oil Refining, which fell by 17.5%, and Chemical Industry and Extraction Industries, which both decreased by 1.7%.
According to the classification of goods by economic destination, the variation of prices in June compared to the previous month in the large sectorial groups was positive for Energy and Capital Goods, where prices rose by 0.1% in both cases. Intermediate Goods and Consumer Goods as a whole dropped by 0.2% as a consequence of the fall in the prices of Consumer Non-Durables, which dropped by 0.3%, whilst Consumer Durables remained unchanged (0.0%).
The price variation of these large goods groups registered distinct changes over the year-on-year period. Capital Goods rose by 0.4%. Energy fell by 11.2%, Intermediate Goods were down by 0.4% and Consumer Goods as a whole fell by 0.8%. Among these, the prices of Consumer Non-Durables dropped by 1.0%, while Consumer Durables did so by 0.3%.
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