Press Release 23/02/2017
Industrial prices of the Basque Country rose by 1.0 % in January 2017 on the previous month
They were 3.4% up on the previous year (January 2017 on January 2016)
Industrial prices of the Basque Country rose by 1.0% in January 2017 on the previous month, according to EUSTAT data. With these data, the year-on-year rate for January, which indicates the fluctuation in industrial prices over the last twelve months, registered an increase of 3.4%.
The more detailed sectorial analysis reveals that in January 2017, the most inflationary branches on the previous month were Coke Plants & Oil Refining and Manufacture of Pharmaceutical Products with a 2.9% increase in prices in both cases, and Electricity, Gas, Steam & Air Conditioning, which was up 1.7%. On the other hand, the greatest decreases in prices were seen in the sectors of Manufacture of Machinery & Equipment, which fell 0.4%; Food beverages and tobacco, whose prices fell 0.3%, and Manufacture of Computer, Electronic & Optical Products whose prices, together with those of Manufacture of Electrical Material & Equipment, fell by 0.1%.
In the year-on-year period from January 2016 to January 2017, the greatest increase in prices occurred within the branches of Coke Plants & Oil Refining, with an increase of 47.5%; Metallurgy & Metal Products, which rose 2.9%; and Food, Beverages & Tobacco Industry, which rose by 1.8%. By contrast, the largest decreases in prices were those corresponding to the sectors of Electricity, Gas, Steam & Air Conditioning, whose prices fell by 5.0%; Rubber, Plastic and other Non-Metallic Mineral Products, with a 3.5% drop and Furniture & Other Manufacturing Industries, Repairs and Installation, with a 2.9% fall.
Following the classification of Goods by economic destination, with regards to the previous month, Energy posted a 2.6% increase in prices, Intermediate Goods rose 1.1% and Capital Goods rose 0.1%. Consumer Goods as a whole remained unchanged (0.0%) as a result of the rise in the prices of Consumer Non-Durables (0.3%), and the decrease in those of Consumer Non-Durables (-0.1%).
The price variation of these large goods groups was positive over the year-on-year period in all cases. Energy rose by 17.9%, Intermediate Goods was up 1.0%, the prices of Capital Goods were up by 0.9% and those of Consumer Goods as a whole increased by 0.9%. Among the latter, the prices of Consumer Durables dropped by 0.3%, while the prices of Consumer Non-Durables rose by 1.3%.
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