Press Release 23/11/2017
Industrial prices in the Basque Country increased by 0.4% in October 2017 with regards to the previous month
They were 2.8% up on the previous year (October 2017 on October 2016)
Industrial prices in the Basque Country rose by 0.4% in October 2017 on the previous month, according to data prepared by EUSTAT. With these data, the year-on-year rate for October, which indicates the fluctuation in industrial prices over the last twelve months, showed growth to be 2.8%.
A more detailed sector-level analysis reveals that in October 2017, the most inflationary branches on the previous month were: Metallurgy & Metal Products, with an increase of 1.5% and Coke Plants & Oil Refining and Food, Beverages and Tobacco Industry, with a rise of 1.0% in both cases. On the other hand, the following sectors recorded the largest decreases in prices: Extraction Industries and Electricity, Gas, Steam & Air Conditioning, with a decrease of 1.3% in both cases, and Furniture & Other Manufacturing Industries, Repairs and Installation with a 0.8% drop.
Following the classification of Goods by economic destination, with regards to the previous month, Energy posted a 0.2% decrease in prices, Intermediate Goods rose 0.9%, Capital Goods showed no change (0.0%) and Consumer Goods as a whole were up 0.7%. Within these, Consumer Non-durables increased by 0.9%, whilst inConsumer Durables, there was an upturn of 0.1%.
In the year-on-year period, October 2017 on October 2016, the greatest increases in prices occurred within the branches of: Metallurgy & Metal Products, up by 6.4%, Manufacture of Pharmaceutical Products, which increased by 5.4%, and Coke Plants & Oil Refining, with a rise of 3.6%. By contrast, decreases in prices were seen in the sectors of: Extraction Industries, which dropped by 4.1% and Manufacture of Computer, Electronic & Optical Products, which fell 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 3.8%, Intermediate Goods by 4.0%, Capital Goods by 1.7% and Consumer Goods by 0.8%. Amongst the latter, the prices of Consumer Durables rose by 1.1%, and Consumer Non-Durables were up 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