Press Release 24/06/2019

INDUSTRIAL PRICE INDEX, MAY 2019

Industrial prices of the Basque Country remained unchanged (0.0%) in May 2019

They were 1.7% up on the previous year (May 2019 on May 2018)

There was no variation in Industrial prices in the Basque Country (0.0%) in May 2019 compared to the previous month, according to EUSTAT data. 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 1.7%.

A more detailed sector-level analysis reveals that in May 2019, the most inflationary branches on the previous month were: Manufacture of Transport Material, with an increase of 0.9%, Coke Plants & Oil Refining and Water, up 0.7% in both cases. On the other hand, the largest decreases in prices were registered in the sectors of: Textile, Leather & Footwear, with a drop of 3.5%; Extraction Industries, down 2.3%, and Electronic and Computer Products, whose prices fell by 1.0%.

Following the classification of Goods by economic destination, with regards to the previous month, Energy and Capital Goods both posted an increase in prices of 0.4%, and Intermediate Goods decreased by 0.3%. Consumer Goods as a whole increased by 0.4%, since Consumer Durables were up 0.2% and Consumer Non-Durables rose by 0.5%.

In the year-on-year period from May 2018 to May 2019, the greatest increases in prices occurred within the branches of: Electricity, Gas, Steam & Air Conditioning, up 6.1%, Coke Plants & Oil Refining, with a rise of 4.3%, and Chemical Industry, which saw a 3.1% increase in prices. By contrast, there were decreases in prices corresponding to the sectors of Textile, Leather & Footwear, down 4.1%, Food, Beverages & Tobacco, with a decrease of 1.2%, and Metallurgy & Metal Products, which dropped 0.7%.

The price variation of the large goods groups was positive over the year-on-year period in all cases, except in Consumer Goods as a whole, which dropped 0.9% due to the decrease in Consumer Non-Durables, which were down 1.3%, whilst the prices of Consumer Durables were up 1.9%. Energy increased by 6.0%, Capital Goods rose by 2.0% and prices corresponding to Intermediate Goods were up 0.4%.

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