Press Release 21/07/2021

INDUSTRIAL PRICE INDEX. JUNE 2021

Industrial prices in the Basque Country rose by 1.7% in June 2021 in relation to the previous month

Compared to June 2020 industrial prices were up 6.7%

Industrial prices in the Basque Country increased by 1.7% in June 2021 compared to the previous month, according to EUSTAT data. The year-on-year rate for June, which indicates the fluctuation in industrial prices over the last twelve months, stood at 6.7%.

A more detailed analysis reveals that in June 2021, the most inflationary sectors on the previous month were: Manufacture of Computer, Electronic & Optical Products which, like Metallurgy & Metal Products, saw a 4.2% increase in prices and Coke Plants & Oil Refining, which saw a 2.9% increase. In contrast, the sectors that recorded the largest month-on-month decreases in prices were: Manufacture of Pharmaceutical Products, with a drop of 4.8%, Extraction Industries, which fell 2.0% and Water, whose prices decreased by 0.6%.

According to the classification of goods by economic destination, and in relation to the previous month, there were different variations in prices: Those ofEnergy rose 1.4%, Intermediate Goods by 2.8% and Capital Goods saw a price rise of 1.3%. Prices of Consumer Goods as a whole, on the other hand, fell by 0.2% due to the 0.5% drop in the Consumer Non-durables sub-sector, given that the prices of Consumer Durables were up 0.2% on the previous month.

In year-on-year terms, June 2021 on June 2020, the greatest increases in prices occurred within the branches of Coke Plants & Oil Refining, with a rise of 31.1%; Manufacture of Computer, Electronic & Optical Products, which registered an increase of 13.9%; and Metallurgy & Metal Products, up 11.7%. Conversely, the greatest decreases in prices corresponded to the sectors of Textile, Garments, Leather & Footwear , which fell 9.5%; Extraction Industries, with a drop of 3.1%; and Manufacture of Transport Material, down 3.0%.

Price fluctuations for the large goods groups by economic destination were positive over the year-on-year period for Energy, which posted a 17.3% rise in prices; Intermediate Goods, up 7.8%; and Consumer Goods, as a whole, which registered an increase of 2.8%; explained by the 2.9% rise in prices of Consumer Non-durables and the 1.9% increase in prices of Consumer Durables. In contrast, in year-on-year terms, Capital Goods were down 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