Press Release 24/05/2016
Industrial prices in the Basque Country decreased by 0.2% in April 2016 with regards to the previous month
They were 4.9% down on the previous year (April 2016 on April 2015)
Industrial prices in the Basque Country decreased by 0.2% in April 2016 with regards to the previous month, according to data provided by EUSTAT. With these data, the year-on-year rate for April, which indicates the fluctuation in industrial prices over the last twelve months, registered a drop of 4.9%.
The more detailed sectorial analysis reveals that in April 2016 the most inflationary branches on the previous month were Coke Plants & Oil Refining, with an increase in its prices of 1.6%; Food, Beverages & Tobacco Industry, which rose by 0.5%; and Rubber, Plastic and other Non-Metallic Mineral Products, which grew by 0.4%. On the other hand, the greatest decreases in prices were seen in the sectors of Electricity, Gas, Steam and Air Conditioning, which fell by 2.6%, Manufacture of Pharmaceutical Products, which was down 2.3%, and Extraction Industries which saw a 1.6% drop in prices.
In the year-on-year period, from April 2015 to April 2016, the greatest increase in prices occurred within the branches of Manufacture of Electrical Material & Equipment with a rise of 2.3%, Manufacture of Pharmaceutical Products, up by 1.9%, and Manufacture of Transport Material together with Rubber, Plastic and other Non-Metallic Mineral Products, both with a 0.7% increase in prices. Conversely, there were decreases in prices corresponding to the sectors of, among others, Coke Plants and Oil Refining, which fell by 28.0%; Electricity, Gas, Steam & Air Conditioning, which dropped by 6.6%; and Metallurgy & Metal Products, which was down 5.0%.
According to the classification of Goods by economic destination, the price trends in the large sectorial groups registered distinct changes in April. The prices of Energy fell 1.0%, Intermediate Goods saw no variation (0.0%) and Capital Goods and Consumer Goods as a whole were up 0.1%, in both cases. There was a similar increase in the latter two of 0.1%, in both Consumer Durables and Consumer Non-Durables.
The price variation of these large goods groups were negative over the year-on-year period for Energy, which dropped 19.2%, and Intermediate Goods, which were down 2.8%. The prices of Consumer Goods as a whole were up by 0.1%. Among the latter, the prices of Consumer Durables dropped by 0.2%, while Consumer Non-Durables rose by 0.3%. Capital Goods, for their part, saw a 0.7% increase in their prices.
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