Press Release 21/11/2024

INDUSTRIAL PRICE INDEX. OCTOBER 2024

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Industrial prices in the Basque Country fell by 0.5% in October 2024 compared to the previous month

In relation to October 2023, industrial prices recorded a 6.3% decrease

Industrial prices in the Basque Country fell by 0.5% in October 2024 compared to the previous month, according to Eustat data. The year-on-year rate for October, which indicates the fluctuation in industrial prices over the last twelve months, recorded a 6.3% decrease.

A more detailed analysis reveals that in October 2024, the sectors that recorded the most pronounced decreases in their prices compared to the previous month were: Electricity, Gas and Steam, with a drop of 3.1%; and Manufacture of pharmaceutical products, down 2.4%. Conversely, the sectors that experienced the greatest month-on-month increases in their prices were Coke Plants & Oil Refining, with a rise of 2.7%, and Manufacture of Computer, Electronic & Optical Products, up 0.9%.

Year-on-year variation rate of the industrial price index in the Basque Country. (%)

General index

Consumer goods

Equipment goods

Intermediate goods

Energy

Oct, 2023
Dec, 2023
Feb, 2024
Apr, 2024
Jun, 2024
Aug, 2024
Oct, 2024
-40
-30
-20
-10
0
10
-40
-30
-20
-10
0
10
Jan, 2006
Jan, 2011
Jan, 2016
Jan, 2021
Source: Eustat. Industrial price index

According to the classification of goods by economic destination, compared to September 2024, prices of Consumer Goods were down 0.8%, explained by the 0.9% decrease in prices of Consumer Non-durables, given that prices of Consumer Durables remained constant. Prices of Intermediate Goods were down 0.5% and prices of Capital Goods and Energy fell by 0.4%.

In year-on-year terms, October 2024 on October 2023, the greatest decreases in prices occurred within the branches of Electricity, Gas & Steam, down 29.6%; and Coke Plants and Oil Refining, with a 21.4% decrease. In contrast, the prices that experienced the greatest increases in year-on-year terms were found in the branch of Extraction Industries, up 6.4%. In Water and Furniture; Other Manufacturing Industries; Repair and Installation, prices increased by 3.2% compared to October 2023.

Industrial Price Index of the Basque Country. Variation rate (p). October 2024

Excel csv
 INDEX% VARIATION
  m / m-1m / m-12
GENERAL INDEX122,8-0,5-6,3
    
SECTOR DIVISIONS   
Mining and quarrying135,10,06,4
Manufacturing industry127,7-0,2-2,5
Manufacture of food products, beverages and tobacco products131,6-0,8-0,2
Textile industry, garments, leather & shoes113,2-0,2-2,4
Manufacture of wood and paper products, and printing143,5-0,32,5
Coke and refined petroleum120,52,7-21,4
Chemical industry145,5-0,80,1
Manufacture of pharmaceutical products127,0-2,4-2,6
Rubber, plastic and other non-metallic mineral products120,00,0-1,5
Metallurgy and metal products139,1-0,6-0,3
Manufacture of computer, electronic and optical products122,90,92,1
Manufacture of electrical equipment120,20,13,0
fabricacion de maquinaria y equipo n.e.c116,60,01,3
Manufacture of transport material116,1-1,12,5
Furniture; other industries; repair and installation121,3-0,63,2
Electricity, gas and steam92,5-3,1-29,6
Water137,30,83,2
    
BY MAJOR INDUSTRIAL SECTORS   
Consumer goods129,4-0,8-0,2
Durable consumer goods122,10,03,2
Nondurable consumer goods130,6-0,9-0,7
Equipment goods120,8-0,42,2
Intermediate goods134,3-0,50,0
Energy102,1-0,4-28,2

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 November 21, 2024

Source: Eustat Industrial prices index

The fluctuation in year-on-year terms of prices in the large goods groups by economic destination was negative in Energy, where there was a 28.2% decrease, and Consumer Goods, where prices were down 0.2%. Prices fell by 0.7% in Consumer Non-durables, while in Consumer Durables prices rose by 3.2%. Prices of Intermediate Goods remained at the same level as the same month of the previous year. Lastly, prices of Capital Goods registered year-on-year growth of 2.2%.

NOTE

Eustat would like to thank all the establishments that have collaborated in this effort. As a result, the index for this month was calculated with 93.10% coverage of the sample.

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

Inglés
Product data

Industrial prices in the Basque Country fell by 0.5% in October 2024 compared to the previous month

Operation : 
Industrial price index
Código operación : 
182313
Frequency : 
Monthly
Timeframe : 
May 2025
Last updated : 
11/21/2024
Next update : 
07/23/2025
Type of operation : 
Encuesta por muestreo
Available formats : 
Pdf
Licence : 
Creative Commons
Permalink : 
https://en.eustat.eus/elementos/not0022676_i.html
Metodologia : 
Methodology file
Body responsible : 

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