Press Release 23/05/2017
Industrial prices in the Basque Country remained unchanged (0.0%) in April 2017 with regards to the previous month
They were 4.4% up on the previous year (April 2017 on April 2016)
Industrial prices in the Basque Country remained unchanged (0.0%) in April 2017 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 an increase of 4.4%.
A more detailed sector-level analysis reveals that in April 2017, the most inflationary branches on the previous month were: Coke Plants & Oil Refining, which increased by 1.3%, Metallurgy & Metal Products, with an increase of 0.6%, and Chemical Industry and Manufacture of Computer, Electronic & Optical Products, which rose by 0.3% in both cases. On the other hand, the sectors which posted the greatest decreases in prices were: Electricity, Gas, Steam & Air Conditioning, which fell by 1.6%, Manufacture of Pharmaceutical Products, which dropped by 1.3%, and Manufacture of Transport Material and Extractive Industries, which experienced a fall in their prices of 0.6% in both cases.
Following the classification of Goods by economic destination, with regards to the previous month, Intermediate Goods posted a 0.3% increase in prices, and for Capital Goods the prices rose 0.2%. Energy, on the other hand, experienced a 0.2% downturn and Consumer Goods as a whole were down 0.5%, as a result of the decline in the prices of Consumer Durables, which were down by 0.6%, and Consumer Non-durables, which fell by 0.5%.
In the year-on-year period from April 2016 to April 2017, the greatest increases in prices occurred within the branches of: Coke Plants & Oil Refining, up by 30.9%; Metallurgy & Metal Products, with an increase of 6.2%, and Manufacture of Pharmaceutical Products, which rose by 4.2%. By contrast, the largest decreases in prices were seen in the sectors of: Rubber, Plastic and other Non-Metallic Mineral Products, which was down by 2.2%, Chemical Industry, which fell by 1.0% and Extractive Industries, which dropped by 0.9%.
The price variation of the large goods groups was positive over the year-on-year period in all cases. Energy rose by 16.2%, Intermediate Goods were up 3.0%, the prices of Capital Goods increased by 2.0% and those of Consumer Goods as a whole increased by 0.8%. Among the latter, the prices of Consumer Non-durables increased by 0.8%, while the prices of Consumer Durables rose by 0.7%.
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