Press Release 12/21/2017
Industrial prices in the Basque Country increased by 0.7% in November 2017 with regards to the previous month
They were 3.7% up on the previous year (November 2017 on November 2016)
Industrial prices in the Basque Country rose by 0.7% in November 2017 on the previous month, according to data prepared by EUSTAT. With these data, the year-on-year rate for November, which indicates the fluctuation in industrial prices over the last twelve months, showed growth to be 3.7%.
A more detailed sector-level analysis reveals that in November 2017, the most inflationary branches on the previous month were: Coke Plants & Oil Refining, with an increase of 5.1% together with Electricity, Gas, Steam & Air Conditioning and Manufacture of Pharmaceutical Products, with a rise of 1.3%, in both cases. On the other hand, the largest decreases in prices were registered in the sectors of Rubber, Plastic and other Non-Metallic Minerals, with a fall of 0.3%, together with Manufacture of Electrical Material & Equipment and Furniture & Other Manufacturing Industries, Repairs and Installation, which were down 0,2% in both cases.
Following the classification of Goods by economic destination, with regards to the previous month, Energy posted a 3.6% rise in prices, Intermediate Goods and Capital Goods showed no change (0.0%) and Consumer Goods as a whole were up 0.1%. Within these, Consumer Non-durables increased by 0.1%, whilst Consumer Durables showed no appreciable change (0.0%).
In the year-on-year period, November 2017 on November 2016, the greatest increases in prices occurred within the branches of Coke Plants & Oil Refining, with 11.9%, Metallurgy & Metal Products, with 6.0%, and Manufacture of Pharmaceutical Products, with 5.5%. Conversely, the largest registered decreases in prices corresponded to the sectors of, Extraction Industries, which fell by 3.8%, Food, Beverages & Tobacco, which dropped by 0.6%; and Chemical Industry, down by 0.2%.
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 9.1%, Intermediate Goods by 3.8%, Capital Goods by 2.0% and Consumer Goods by 0.4%. Amongst the latter, the prices of Consumer Durables rose by 1.1%, 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