Press Release 24/01/2022
INDUSTRIAL PRICE INDEX. DECEMBER 2021
Industrial prices in the Basque Country rose by 1.1% in December 2021 compared to the previous month
In relation to December 2020 industrial prices increased by 12.7%
Industrial prices in the Basque Country rose by 1.1% in December 2021 compared to the previous month, according to Eustat data. The year-on-year rate for December, which indicates the fluctuation in industrial prices over the last twelve months, stood at 12.7%.
A more detailed analysis reveals that in December 2021, the most inflationary sectors on the previous month were: Extraction Industries, with a rise of 6.9%; Electricity, Gas & Steam, up 4.9%; and Chemical Industry, with an increase of 2.0%. In contrast, the sectors that recorded month-on-month decreases in prices were: Coke Plants & Oil Refining, down 1.7%, Water, with a decrease of 1.0%, and Textile, Garments, Leather & Footwear, where prices fell by 0.7%.
With regard to the classification of goods by economic destination, price variations in respect of the previous month were positive in all cases, except in Consumer Durables, where the variation was negative, down 0.2%. Prices of Consumer Non-Durables grew by 0.7%, leading to a month-on-month rise of 0.5% in Consumer Goods as a whole. In relation to the previous month, prices increased by 0.2% in Capital Goods, by 1.2% in Intermediate Goods and, lastly, by 1.7% in Energy.
Industrial Price Index of the Basque Country. Variation rate (p). December 2021
| | INDEX | % VARIATION |
| | | m / m-1 | m / m-12 |
| GENERAL INDEX | 115,0 | 1,1 | 12,7 |
| | | | |
| SECTOR DIVISIONS | | | |
| Mining and quarrying | 110,9 | 6,9 | 3,9 |
| Manufacturing industry | 114,0 | 0,4 | 10,4 |
| Manufacture of food products, beverages and tobacco products | 109,5 | 0,6 | 2,3 |
| Textile industry, garments, leather & shoes | 103,9 | -0,7 | -3,4 |
| Manufacture of wood and paper products, and printing | 115,3 | 2,2 | 12,4 |
| Coke and refined petroleum | 125,1 | -1,7 | 37,4 |
| Chemical industry | 126,1 | 2,0 | 14,9 |
| Manufacture of pharmaceutical products | 113,1 | 1,5 | 2,8 |
| Rubber, plastic and other non-metallic mineral products | 101,8 | 0,3 | 2,8 |
| Metallurgy and metal products | 121,2 | 1,3 | 16,4 |
| Manufacture of computer, electronic and optical products | 112,2 | 0,6 | 4,3 |
| Manufacture of electrical equipment | 107,4 | 0,0 | 2,5 |
| fabricacion de maquinaria y equipo n.e.c | 105,8 | 0,0 | 2,3 |
| Manufacture of transport material | 106,4 | 0,1 | -2,3 |
| Furniture; other industries; repair and installation | 109,4 | 0,3 | 2,7 |
| Electricity, gas and steam | 121,3 | 4,9 | 28,3 |
| Water | 111,1 | -1,0 | 1,5 |
| | | | |
| BY MAJOR INDUSTRIAL SECTORS | | | |
| Consumer goods | 110,0 | 0,5 | 2,3 |
| Durable consumer goods | 106,6 | -0,2 | 2,2 |
| Nondurable consumer goods | 110,6 | 0,7 | 2,3 |
| Equipment goods | 109,9 | 0,2 | 1,7 |
| Intermediate goods | 114,8 | 1,2 | 11,2 |
| Energy | 126,0 | 1,7 | 35,9 |
Base 2015=100
(p)Provisional data
m / m-1: Variation rate of the last observed month (m) compared to the previous month (m-1)
m / m-12: Year-on-year variation rate of the last observed month (m) compared to the same month of the previous year (m-12)
Date December 20, 2021
Source: Eustat Industrial prices index
In year-on-year terms, December 2021 on December 2020, the highest price rises occurred within the branches of Coke Plants & Oil Refining, with 37.4%; Electricity, Gas & Steam, with 28.3%; and Metallurgy & Metal Products, with 16.4%. Conversely, prices decreased in Textile, Garments, Leather & Footwear, down 3.4%, and Manufacture of Transport Material, with a fall of 2.3%.
Year-on-year price fluctuations for the large goods groups by economic destination were positive for all of them. Energy prices rose by 35.9%, prices of Intermediate Goods were up 11.2% and those of Capital Goods increased by 1.7%. Consumer Goods, as a whole, registered growth of 2.3%; explained by the 2.2% rise in prices of Consumer Durables and the 2.3% increase in those of Consumer Non-Durables.
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