Press Release 22/02/2019

INDUSTRIAL PRICE INDEX, JANUARY 2019

Industrial prices of the Basque Country rose by 0.5% in January 2019 compared to the previous month

They were 1.6% up on the previous year (January 2019 on January 2018)

Industrial prices of the Basque Country rose by 0.5% in January 2019 compared to 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 1.6%.

A more detailed sector-level analysis reveals that in January 2019, the most inflationary branches on the previous month were: Coke Plants & Oil Refining, with a 3.2% increase in prices, Textile, Garments, Leather & Footwear, with a rise of 1.7%, and Extraction Industries, up 1.6%. On the other hand, there were decreases in prices for Food, Beverages & Tobacco, down 0.4%; Metallurgy & Metal Products, whose prices decreased by 0.2%, and Furniture and Other Manufacturing Industries; Repairs and Installation, with a fall of 0.1%.

In the year-on-year period, January 2019 on January 2018, the greatest increases in prices occurred within the branches of: Textile, Garments, Leather & Footwear, with an increase of 5.7%; Timber, Paper & Graphic Arts and Electricity, Gas, Steam & Air Conditioning, which rose by 4.0% in both cases. By contrast, decreases or lower rises in prices were seen in the sectors of: Food, Beverages & Tobacco whose prices fell by 0.9%, Coke Plants & Oil Refining, up 0.2% and Manufacture of Computer, Electronic & Optical Products, which rose by 0.5%.

According to the classification of goods by economic destination, and in relation to the previous month, Energy prices rose by 2.0%, those of Capital Goods by 0.5% and those of Intermediate Goods were up 0.1%. The prices of Consumer Goods as a whole fell by 0.1%, as a result of the decrease in prices of Consumer Non-durables (-0.3%), as prices of Consumer Durables were up 0.3%.

The price variation of these large goods groups was positive over the year-on-year period in all cases. Energy prices rose by 2.4%, Intermediate Goods were up 2.0%, the prices of Capital Goods increased by 1.2% and those of Consumer Goods, as a whole, by 0.2%. Among the latter, prices of Consumer Durables increased by 1.2%, while prices of Consumer Non-durables fell by 0.2%.

For further information:

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