Press Release 05/23/2018
Industrial prices of the Basque Country rose by 0.2 % in April 2018 on the previous month
They were 2.2% up on the previous year (April 2018 on April 2017)
Industrial prices of the Basque Country rose by 0.2% in April 2018 on the previous month, according to EUSTAT data. With these data, the year-on-year rate for April, which indicates the fluctuation in industrial prices over the last twelve months, registered an increase of 2.2%.
A more detailed sector-level analysis reveals that in April 2018, the most inflationary branches on the previous month were: Coke Plants & Oil Refining, with an increase of 4.6% and Manufacture of Pharmaceutical Products and Manufacture of Computer, Electronic & Optical Products, up 0.6% in both cases. On the other hand, the sectors which posted the greatest decreases in prices were: Electricity, Gas, Steam & Air Conditioning, which experienced a 2.9% drop in prices and Extractive Industries and Timber, Paper & Graphic Arts, 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% increase in prices, Intermediate Goods rose 0.2% and Capital Goods rose 0.1%. Consumer Goods, as a whole, did not see any appreciable change (0.0%), as a result of the figures forConsumer Durables being the same as the previous month (0.0%) and the slight rise in prices of Consumer Non-Durables (0.1%).
In the year-on-year period from April 2017 to April 2018, the greatest increases in prices occurred within the branches of: Coke Plants & Oil Refining, up by 6.0%; Metallurgy & Metal Products, with an increase of 4.8%, and Chemical Industry, which rose by 2.9%. Conversely, the registered decreases in prices corresponded to the sector of Electricity, Gas, Steam & Air Conditioning, which dropped by 2.5%.
The price variation of the large goods groups was positive over the year-on-year period in all cases. Energy increased by 1.8%,Intermediate Goods rose by 3.5% and prices corresponding to Capital Goods were up by 1.5%. The prices of Consumer Goods increased by 1.9%; among the latter, the prices of Consumer Non-durables were up by 2.1%, while the prices of Consumer Durables rose by 1.2%.
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