Press Release 21/07/2017
Industrial prices of the Basque Country fell by 0.2% in June 2017 on the previous month
They were 2.3% up on the previous year (June 2017 on June 2016)
Industrial prices of the Basque Country dropped by 0.2% in June 2017 on the previous month, according to data prepared by EUSTAT. With these data, the year-on-year rate for June, which indicates the fluctuation in industrial prices over the last twelve months, registered an increase of 2.3%.
A more detailed sector-level analysis reveals that in June 2017, the most inflationary branches on the previous month were: Textile, Garments, Leather & Footwear, with an increase of 2.1%, Electricity, Gas, Steam & Air Conditioning, which went up by 0.8% and Manufacture of Pharmaceutical Products, which rose by 0.7%. On the other hand, the sectors which posted the greatest decreases in prices were: Coke Plants & Oil Refining, which fell by 4.0%, and Timber, Paper & Graphic Arts, which experienced a decrease in its prices of 0.2%.
With regards to the classification of Goods by economic destination, with regards to the previous month, Intermediate Goods and Capital Goods registered an increase of 0.1% in both cases, while for Energy prices experienced a downturn of 1.7%. Consumer Goods as a whole were up 0.4%, as a result of the rise in the prices of Consumer Non-durables (0.5%), while Consumer Durables remained stable (0.0%).
In the year-on-year period from June 2016 to June 2017, the greatest increases in prices occurred within the branches of: Coke Plants & Oil Refining, up by 8.0%; Metallurgy & Metal Products, with an increase of 5.0%, and Manufacture of Pharmaceutical Products, which rose by 3.3%. By contrast, the largest decreases in prices were seen in the sectors of: Extraction Industries, which fell by 2.0%, Rubber, Plastic and other Non-Metallic Minerals, which experienced a decrease of 1.9%, and Chemical Industry, which was down by 1.0%.
The price variation of the large goods groups was positive over the year-on-year period in all cases: Energy grew at a rate of 5.1%, Intermediate Goods by 2.4%, Capital Goods by 1.4% and Consumer Goods by 1.2%. Among the latter, the prices of Consumer Durables increased by 1.0%, while the prices of Consumer Non-durables rose by 1.2%.
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