Press Release 25/02/2025
INDUSTRIAL PRICE INDEX. JANUARY 2025
Industrial prices in the Basque Country increased by 1.8% in January 2025 compared to the previous month
Industrial prices recorded a 1.9% rise compared to January 2024
Industrial prices in the Basque Country increased by 1.8% in January 2025 compared to the previous month, according to Eustat data. The year-on-year rate for January, which indicates the fluctuation in industrial prices over the last twelve months, recorded a 1.9% rise.
A more detailed analysis reveals that in January 2025 the sectors that recorded the most pronounced price increases compared to the previous month were: Coke Plants and Oil Refining, with an increase of 5.1%; Manufacture of Material and Electrical Equipment, up 4.6% and Extraction Industries, with a 3.8% rise. Conversely, the sectors that experienced the greatest month-on-month price decreases were Rubber, Plastic and Other Non-Metallic Mineral Products, with a fall of 1.2%, and Chemical Industry, down 0.7%.
According to the classification of goods by economic destination, Energy prices increased by 3.7% compared to December 2024. Prices of Capital Goods were up 1.7%, and Intermediate Goods prices rose by 1.5%. Consumer Goods experienced a 0.3% increase in prices, explained by the 0.3% rise in prices of Consumer Durables, and Consumer Non-Durables.
In year-on-year terms, January 2025 on January 2024, the greatest price increases occurred within the branches of Electricity, Gas & Steam, up 13.6%; and Water, with a rise of 6.2%. By contrast, the prices that experienced the greatest decreases in year-on-year terms were in the branches of Coke Plants and Oil Refining, with a fall of 2.8%, and Manufacture of Machinery and Equipment, down 1.9%.
Industrial Price Index of the Basque Country. Variation rate (p). January 2025
| | Index | % Variation |
| | | m / m-1 | m / m-12 |
| General index | 114,4 | 1,8 | 1,9 |
| | | | |
| SECTOR DIVISIONS | | | |
| Mining and quarrying | 131,3 | 3,8 | 4,2 |
| Manufacturing industry | 116,5 | 1,8 | 1,1 |
| Manufacture of food products, beverages and tobacco products | 123,7 | 0,0 | 1,0 |
| Textile industry, garments, leather & shoes | 110,2 | -0,3 | 2,9 |
| Manufacture of wood and paper products, and printing | 123,6 | 1,2 | 2,7 |
| Coke and refined petroleum | 121,5 | 5,1 | -2,8 |
| Chemical industry | 130,1 | -0,7 | 4,7 |
| Manufacture of pharmaceutical products | 109,8 | 1,6 | 1,6 |
| Rubber, plastic and other non-metallic mineral products | 116,2 | -1,2 | -1,7 |
| Metallurgy and metal products | 111,4 | 2,4 | 1,4 |
| Manufacture of computer, electronic and optical products | 111,9 | 0,9 | 2,9 |
| Manufacture of electrical equipment | 118,5 | 4,6 | 5,0 |
| fabricacion de maquinaria y equipo n.e.c | 115,3 | 1,6 | -1,9 |
| Manufacture of transport material | 116,1 | 1,5 | 4,3 |
| Furniture; other industries; repair and installation | 117,1 | 0,9 | 3,0 |
| Electricity, gas and steam | 90,5 | 1,7 | 13,6 |
| Water | 126,4 | 0,6 | 6,2 |
| | | | |
| BY MAJOR INDUSTRIAL SECTORS | | | |
| Consumer goods | 120,0 | 0,3 | 1,9 |
| Durable consumer goods | 115,3 | 0,3 | 4,1 |
| Nondurable consumer goods | 121,3 | 0,3 | 1,3 |
| Equipment goods | 115,4 | 1,7 | 2,1 |
| Intermediate goods | 115,4 | 1,5 | 1,3 |
| Energy | 107,9 | 3,7 | 3,0 |
Base 2021=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 Februay 25, 2025
Source: Eustat Industrial prices index
Year-on-year price fluctuations for the large goods groups by economic destination were positive in all cases. Energy prices were up 3.0% and the prices of Capital Goods rose by 2.1%. Consumer Goods prices rose by 1.9%, explained by the increase in prices of Consumer Durables, up 4.1%, and Consumer Non-Durables, up 1.3%. Lastly, prices of Intermediate Goods registered a year-on-year increase of 1.3%.
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 75.71% 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