Press Release 06/22/2015
Industrial prices of the Basque Country increased by 0.5 % in April 2015 with regards to the previous month
They were 1.7% down on the previous year (May 2015 on May 2014)
Industrial prices of the Basque Country increased by 0.2% in May 2015 with regards to the previous month, according to data prepared by EUSTAT. With these data, the year-on-year rate for May, which indicates the fluctuation in industrial prices over the last twelve months, registered a drop of 1.7%.
The more detailed sectorial analysis reveals that in May 2015 the most inflationary branches on the previous month were Coke Plants & Oil Refining, with an increase in its prices of 2.4%, and Manufacture of Computer, Electronic & Optical Products, which grew by 1.0%. On the other hand, the greatest decreases were seen in the sectors of Electricity, Gas & Steam, which dropped by 3.8%, and Timber, Paper & Graphic Arts, which was down by 0.7%.
In the year-on-year period, from May 2014 to May 2015, the greatest increase in prices occurred within the branches of Manufacture of Pharmaceutical Products, with an increase of 1.8%, and Manufacture of Transport Material, which rose by 1.0%. Conversely, there were decreases in prices corresponding to the sectors of, among others, Coke Plants & Oil Refining, which fell by 14.0%, and Chemical Industry and Furniture & Other Manufacturing Industries, Repair and Installation, which both decreased by 2.0%.
According to the classification of goods by economic destination, the variation of prices in May compared to the previous month in the large sectorial groups was positive for Intermediate Goods, where prices rose by 0.3%. Capital Goods remained unchanged (0.0%) and Consumer Goods as a whole dropped by 2.0% as a consequence of the fall in Consumer Non-Durables, which dropped by 0.2%, whilst Consumer Durables remained unchanged (0.0%). Finally, Energy prices fell by 0.9%.
The price variation of these large goods groups registered distinct changes over the year-on-year period. Capital Goods were up by 0.2% and Intermediate Goods rose by 0.1%, whereas Energy fell by 8.4% and Consumer Goods as a whole dropped 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