Press Release 24/04/2018
Industrial prices of the Basque Country rose by 0.2 % in March 2018 on the previous month
They were 2.0% up on the previous year (March 2018 on March 2017)
Industrial prices of the Basque Country rose by 0.2% in March 2018 on the previous month, according to data prepared by EUSTAT. With these data, the year-on-year rate for March, which indicates the fluctuation in industrial prices over the last twelve months, registered an increase of 2.0%.
A more detailed sector-level analysis reveals that in March 2018, the most inflationary branches on the previous month were: Metallurgy & Metal Products, with an increase of 1.2%; Textile, Garments, Leather & Footwear, up 1.0%; and Timber, Paper & Graphic Arts and Extraction industries, with a rise of 0.8% in both cases. On the other hand, the sectors which posted the greatest decreases in prices were: Electricity, Gas & Steam, which experienced a 1.2% drop in prices; and Chemical Industry and Pharmaceutical Products, with a fall in prices of 0.3% in both cases.
Following the classification of Goods by economic destination, with regards to the previous month, Energy posted a 0.9% decrease in prices, Intermediate Goods rose 0.8% and Capital Goods were up 0.2%. Consumer Goods as a whole were up 0.5%, as a result of the rise in the prices of Consumer Non-durables, up 0.5%, and Consumer Durables, which grew by 0.3%.
In the year-on-year period from March 2017 to March 2018, the greatest increases in prices occurred within the branches of: Metallurgy & Metal Products, which increased by 5.1%; Textile, Garments, Leather & Footwear, up 3.0%; and Coke Plants & Oil Refining, which rose by 2.7%. By contrast, decreases in prices were seen in the sectors of: Electricity, Gas & Steam, with a drop of 0.7%; Pharmaceutical Products, down by 0.5%; and Electronic and Computer Products, whose prices fell by 0.3%.
The price variation of the large goods groups was positive over the year-on-year period in all cases. Energy increased by 1.0%, Intermediate Goods rose by 3.5% and prices corresponding to Capital Goods were up by 1.7%. Consumer Goods as a whole grew by 1.4%. Among the latter, the prices of Consumer Non-durables increased by 1.6%, while the prices of Consumer Durables rose by 0.6%.
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