Press Release 22/06/2018

INDUSTRIAL PRICE INDEX. MAY 2018

Industrial prices of the Basque Country rose by 0.9% in May 2018 on the previous month

They were 4.0% up on the previous year (May 2018 on May 2017)

Industrial prices of the Basque Country rose by 0.9% in May 2018 on the previous month, according to data prepared by EUSTAT. With these data, the year-on-year rate for May, which indicates the fluctuation in industrial prices over the last twelve months, showed growth to be 4.0%.

A more detailed sector-level analysis reveals that in May 2018, the most inflationary branches on the previous month were: Coke Plants & Oil Refining, with an increase of 6.1%, Electricity, Gas & Steam, which rose by 2.7%, and Chemical Industry, up by 1.1%. On the other hand, the sectors which posted the greatest decreases in prices were: Electronic and Computer Products, which experienced a 0.5% drop in prices; Food, Beverages & Tobacco and Furniture & Other Manufacturing Industries, with a fall in prices of 0.4%, in both cases.

Following the classification of Goods by economic destination, with regards to the previous month, Energy posted a 5.0% increase in prices, Intermediate Goods remained stable (0.0%) and Capital Goods fell by 0.2%. Consumer Goods, as a whole, dropped by 0.2%, as a result of the figures forConsumer Durables being the same as the previous month (0.0%) and the decrease in prices of Consumer Non-Durables (0.2%).

In the year-on-year period from May 2017 to May 2018, the greatest increases in prices occurred within the branches of: Coke Plants & Oil Refining, up by 17.5%; Metallurgy & Metal Products, with an increase of 4.3%, and Chemical Industry and Textile, Garments, Leather & Footwear, which rose by 3.9%, in both cases. Conversely, the registered decreases in prices corresponded to the sector of Electronic and Computer Products, which dropped by 0.1%.

The price variation of the large goods groups was positive over the year-on-year period in all cases. Energy increased by 11.4%, Intermediate Goods rose by 3.4% and prices corresponding to Capital Goods were up by 1.6%. The prices of Consumer Goods increased by 1.7%; among the latter, the prices of Consumer Non-durables were up by 2.0%, while the prices of Consumer Durables rose by 1.0%.

For further information:

Eustat - Euskal Estatistika Erakundea / Basque Statistics Institute C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz Press Service: servicioprensa@eustat.eus Tel: 945 01 75 62