Press Release 24/05/2021

INDUSTRIAL PRICE INDEX. APRIL 2021

Industrial prices in the Basque Country rose by 0.4% April 2021 in relation to the previous month

The growth in prices between April 2020 and April of the previous year was led by Energy with 18.5%

Industrial prices in the Basque Country increased by 0.4% in April 2021 compared to the previous month, according to EUSTAT data. The year-on-year rate for April, which indicates the fluctuation in industrial prices over the last twelve months, stood at 5.2%.

A more detailed analysis reveals that in April 2021, the most inflationary sectors on the previous month were: Chemical Industry, with 2.7%; Food, Beverages & Tobacco, with 1.2%; and Electricity, Gas & Steam, with 1.1%. In contrast, the sectors that recorded the largest month-on-month decreases in prices were: Extraction Industries , which decreased by 3.7%; Coke Plants & Oil Refining, with a drop of 1.1%; and Manufacture of Computer, Electronic & Optical Products, down 1.0%.

According to the classification of goods by economic destination, there were upward and downward trends: prices of Consumer Goods, as a whole, increased by 0.9% in respect of the previous month, due to the 1.0% rise in the Consumer Non-durables sub-sector and the 0.1% increase in the Consumer Durables sub-sector. Prices of Intermediate Goods were up 0.6% and Energy prices rose by 0.1%. In contrast, month-on-month prices of Capital Goods dropped by 0.2%.

In year-on-year terms, April 2021 on April 2020, the greatest increases in prices occurred within the branches of Coke Plants & Oil Refining, with a rise of 40.3%; Metallurgy & Metal Products, up 7.5%; and Manufacture of Computer, Electronic & Optical Products, with growth of 4.9%. Conversely, the greatest decreases in prices corresponded to the sectors of Textile, Garments, Leather & Footwear , which fell by 10.0%; Extraction Industries, with a drop of 6.8%; and Manufacture of machinery and equipment, which together with Manufacture of Transport Material, decreased, both down 1.4%.

Price fluctuations for the large goods groups by economic destination were positive over the year-on-year period for Energy, which posted a 18.5% rise in prices; Intermediate Goods, up 4.5%; and Consumer Goods, as a whole, which registered an increase of 3.8%; explained by the 4.2% rise in prices of Consumer Non-durables and the 1.3% increase in prices of Consumer Durables. In contrast, in year-on-year terms, Capital Goods were down 1.0%.

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