Press Release 24/11/2015
Industrial prices in the Basque Country decreased by 0.5% in October 2015 with regards to the previous month
They were down 3.4% on the previous year (October 2015 on October 2014)
Industrial prices in the Basque Country decreased by 0.5% in October 2015 with regards to the previous month, according to EUSTAT data. With these data, the year-on-year rate for October, which indicates the fluctuation in industrial prices over the last twelve months, registered a drop of 3.4%.
A more detailed analysis by sector reveals that in October 2015 the most inflationary branches compared to the previous month were Textile, Garments, Leather & Footwear with a rise of 1.0%, and Rubber, Plastic & Non-Metallic Minerals with a rise of 0.5%. On the other hand, the greatest decreases were seen in the sectors of Coke Plants & Oil Refining, which dropped by 2.0%, and Electricity, Gas & Steam, which was down by 1.2%.
In the year-on-year period, October 2015 on October 2014, the greatest price increases took place in the branches of Electricity, Gas & Steam, with an increase of 2.6%, and Furniture & Other Manufacturing Industries, Repair & Installation, with an increase of 2.0%. Conversely, there were decreases in prices corresponding to the sectors of, among others, Coke Plants & Oil Refining, which fell by 25.2%, and Metallurgy & Metal Products, which decreased by 3.6%.
According to the classification of goods by economic destination, the evolution of prices in all of the large sectorial groups differed in October with regards to the previous month. The prices of Energy fell by 1.8% and those of Intermediate Goods did so by 0.4%, whereas those of Capital Goods saw no appreciable change (0.0%). Consumer Goods as a whole rose by 0.4% as a result of the rise seen in both Consumer Durables, which were up 0.4%, and Consumer Non-Durables, which were up 0.3%.
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 0.6%. Energy fell by 13.2%, Intermediate Goods were down by 2.3% and Consumer Goods as a whole fell by 0.2%. Amongst the latter, the prices of Consumer Non-Durables dropped by 0.3%, whilst Consumer Durables were up by 0.1%.
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