Press Release 24/07/2018

INDUSTRIAL PRICE INDEX. JUNE 2018

Industrial prices of the Basque Country rose by 0.2% in June 2018 on the previous month

They were 4.4% up on the previous year (June 2018 on June 2017)

Industrial prices of the Basque Country rose by 0.2% in June 2018 on the previous month, according to EUSTAT data. With these data, the year-on-year rate for June, which indicates the fluctuation in industrial prices over the last twelve months, showed growth to be 4.4%.

A more detailed sector-level analysis reveals that in June 2018, the most inflationary branches on the previous month were: Extraction Industries, with an increase of 1.6%, and Electronic and Computer Products and Machinery & Equipment up 0.7%, in both cases. On the other hand, the sectors which posted the greatest decreases in prices were: Chemical Industry, which experienced a 0.5% drop in prices, and Coke Plants & Oil Refining and Pharmaceutical Products, with a 0.3% fall in prices, in both cases.

Following the classification of Goods by economic destination, with regards to the previous month, Energy prices remained unchanged (0.0%), Capital Goods rose 0.5% and Intermediate Goods were up 0.3%. Consumer Goods, as a whole, rose by 0.1%, as a result of the figures forConsumer Non-Durables being the same as the previous month (0.0%) and the 0.3% rise in prices of Consumer Durables.

In the year-on-year period from June 2017 to June 2018, the greatest increases in prices occurred within the branches of: Coke Plants & Oil Refining, up by 22.1%; Extraction Industries, with an increase of 5.7%, and Metallurgy & Metal Products, which rose by 4.7%. Conversely, the lowest registered increases in prices corresponded to the sectors of Rubber & Plastics, up by 0.2% and Electronic and Computer Products, with an increase of 0.6%.

The price variation of the large goods groups was positive over the year-on-year period in all cases. Energy increased by 13.2%, Intermediate Goods rose by 3.6% and prices corresponding to Capital Goods were up by 1.7%. The prices of Consumer Goods increased by 1.5%; among the latter, the prices of Consumer Durables were up by 1.7%, while the prices of Consumer Non- Durables rose by 1.5%.

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