Press Release 21/01/2016
Industrial prices in the Basque Country decreased by 0.5% in December 2015 with regards to the previous month
They were 1.8% down on the previous year (December 2015 on December 2014)
Industrial prices in the Basque Country decreased by 0.5% in December 2015 with regards to the previous month, according to data prepared by EUSTAT. With these data, the year-on-year rate for December, which indicates the fluctuation in industrial prices over the last twelve months, registered a drop of 1.8%.
A more detailed sectorial analysis shows that the most inflationary branch in December 2015 with regard to the previous month was the Textile, Garments, Leather & Footwear Industry and Extraction Industries, whose prices both rose by 0.6%. On the other hand, the greatest decreases in prices were seen in the sectors of Coke Plants & Oil Refining, where prices fell by 2.3%, Electricity, Gas, Steam & Air Conditioning, which was down by 0.9% and Metallurgy & Metal Products which dropped by 0.6%.
In the year-on-year period, from December 2014 to December 2015, the greatest increase in prices occurred within the branches of Electricity, Gas, Steam and Air Conditioning, where prices experienced an increase of 3.4%, the Textile, Garments, Leather & Footwear Industry, with an increase of 2.4%, and Manufacture of Transport Material, where prices rose by 1.8%. Conversely, there were decreases in prices corresponding to the sectors of, among others, Coke Plants & Oil Refining, which fell by 13.7%, and Metallurgy & Metal Products, which decreased by 4.0%.
With regards to the classification of goods by economic destination, the price variation in December over the previous month of the large sectorial groups was negative for Energy, whose prices dropped by 1.7%; for Intermediate Goods, which fell by 0.3%, and Capital Goods, which was down 0.1%. Those of Consumer Goods as a whole did not see any appreciable change (0.0%), as a result of the increase in the prices of Consumer Durables, which rose by 0.1%, whilst the prices of Consumer Non-Durables remained unchanged (0.0%).
The price variation of these large goods groups were positive over the year-on-year period for Capital Goods, which rose 0.6%, whereas Energy fell by 5.4%, Intermediate Goods by 2.3%, and Consumer Goods as a whole, by 0.5%. Among these, the prices of Consumer Non-Durables dropped by 0.6%, while Consumer Durables did so 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