Press Release 24/10/2017
Industrial prices in the Basque Country increased by 0.7% in September 2017 with regards to the previous month
They were 3.2% up on the previous year (September 2017 on September 2016)
Industrial prices in the Basque Country rose by 0.7% in September 2017 on the previous month, according to data prepared by EUSTAT. With these data, the year-on-year rate for September, which indicates the fluctuation in industrial prices over the last twelve months, showed growth to be 3.2%.
A more detailed sector-level analysis reveals that in September 2017, the most inflationary branches on the previous month were: Coke Plants & Oil Refining, with an increase of 3.7%, Electricity, Gas, Steam & Air Conditioning, which rose by 2.3%, and Extraction Industries, up by 1.5%. On the other hand, the following sectors recorded decreases in prices: Manufacture of Pharmaceutical Products, with a drop of 1.1%, Food, Beverages and Tobacco Industry, which decreased by 0.6% and Chemical Industry, where prices fell by 0.4%.
Following the classification of Goods by economic destination, with regards to the previous month, Energy posted a 3.4% increase in prices, Capital Goods and Intermediate Goods were both up 0.2% and Consumer Goods as a whole dropped by 0.4%. Within these, Consumer Durables fell by 0.1%, whilst in Consumer Non-durables, there was a downturn of 0.5%.
In the year-on-year period, September 2017 on September 2016, the greatest increases in prices occurred within the branches of: Coke Plants & Oil Refining, up by 10.8%; Metallurgy & Metal Products, with an increase of 5.2%, and Electricity, Gas, Steam & Air Conditioning, which rose by 2.8%. By contrast, decreases in prices were seen in the sectors of: Extraction Industries, with a drop of 1.9%; Chemical Industry, which decreased by 0.9%, and Manufacture of Pharmaceutical Products, where prices fell by 0.1%.
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 7.4%, Intermediate Goods by 3.4%, Capital Goods by 1.9% and Consumer Goods by 0.4%. Amongst the latter, the prices of Consumer Durables rose by 1.2%, and Consumer Non-Durables were up by 0.2%.
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