Press Release 21/12/2015
Industrial prices in the Basque Country decreased by 0.3% in November 2015 with regards to the previous month
They were 3.2% down on the previous year (November 2015 on November 2014)
Industrial prices in the Basque Country decreased by 0.3% in November 2015 with regards to the previous month, according to EUSTAT data. With these data, the year-on-year rate for November, which indicates the fluctuation in industrial prices over the last twelve months, registered a drop of 3.2%.
A more detailed analysis by sector reveals that in November 2015 the most inflationary branches compared to the previous month were the Extraction Industries with a rise of 0.8%, and Manufacture of Pharmaceutical Products 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 1.2%, and Metallurgy & Metal Products, which was down by 0.7%.
In the year-on-year period, November 2015 on November 2014, the greatest price increases took place in the branches of Textile, Leather & Footwear, with an increase of 2.0%, and Manufacture of Transport Material, with an increase of 1.7%. Conversely, there were decreases in prices corresponding to the sectors of, among others, Coke Plants & Oil Refining, which fell by 22.8%, and Metallurgy & Metal Products, which decreased by 3.9%.
According to the classification of goods by economic destination, the evolution of prices in all of the large sectorial groups differed in November with regards to the previous month. The prices of Energy fell by 0.6% and those of Intermediate Goods did so by 0.4%, whereas those of Capital Goods rose by 0.2% and Consumer Goods as a whole saw no appreciable change (0.0%) as a result of the rise seen in Consumer Non-Durables, which were up 0.1%, and the fall in Consumer Durables, which were down 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 0.7%. Energy fell by 12.2%, Intermediate Goods were down by 2.4% and Consumer Goods as a whole fell by 0.4%. Amongst the latter, the prices of Consumer Non-Durables dropped by 0.5%, whilst Consumer Durables were down 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