Press Release 22/02/2018
Industrial prices of the Basque Country rose by 0.2 % in January 2018 on the previous month
They were 1.8% up on the previous year (January 2018 on January 2017)
Industrial prices of the Basque Country rose by 0.2% in January 2018 on the previous month, according to EUSTAT data. With these data, the year-on-year rate for January, which indicates the fluctuation in industrial prices over the last twelve months, registered an increase of 1.8%.
A more detailed sector-level analysis reveals that in January 2018, the most inflationary branches on the previous month were: Chemical Industry, with a 2.1% increase in prices; Extraction Industries, up by 2.0%; and Coke Plants & Oil Refining, which rose by 1.2%. On the other hand, the sectors which posted the greatest decreases in prices were: Electricity, Gas, Steam & Air Conditioning, with a 1.1% drop in prices; Manufacture of Pharmaceutical Products, down by 0.9%; and Rubber, Plastic and other Non-Metallic Mineral Products, whose prices fell by 0.6%.
In the year-on-year period, January 2018 on January 2017, the greatest increases in prices occurred within the branches of: Metallurgy & Metal Products, where they were up 5.4%; Manufacture of Machinery & Equipment, with a 2.6% rise; and Furniture & Other Manufacturing Industries, Repairs and Installation, with a 2.2% increase in prices. By contrast, decreases in prices were seen in the sectors of: Extraction Industries, with a drop of 0.9%, and Manufacture of Transport Material, down by 0.4%.
Following the classification of Goods by economic destination, with regards to the previous month, Energy prices remained unchanged (0.0%), Intermediate Goods rose 0.5% and Capital Goods increased by 0.3%. Consumer Goods as a whole were up 0.1%, as a result of the rise in the prices of Consumer Non-durables (0.1%), as Consumer Durables fell by 0.1%.
The price variation of these large goods groups was positive over the year-on-year period in all cases. Energy rose by 0.2%, Intermediate Goods were up 3.5%, the prices of Capital Goods increased by 1.8% and those of Consumer Goods as a whole increased by 0.4%. Among the latter, the prices of Consumer Durables increased by 0.8%, while the prices of Consumer Non-durables rose by 0.3%.
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