Press Release 24/03/2025
INDUSTRIAL PRICE INDEX. FEBRUARY 2025
Industrial prices in the Basque Country fell by 0.3% in February 2025 compared to the previous month
Industrial prices recorded a 1.0% rise in relation to February 2024
Industrial prices in the Basque Country fell by 0.3% in February 2025 compared to the previous month, according to Eustat data. The year-on-year rate for February, which indicates the fluctuation in industrial prices over the last twelve months, recorded a 1.0% rise.
A more detailed analysis reveals that in February 2025, 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 2.5%; and Manufacture of Machinery and Equipment, down 1.3%; and Manufacture of Transport Material, which fell by 1.0%. In contrast, the sectors that experienced the greatest month-on-month increases in their prices were Food, Beverages & Tobacco Industry, up 1.5%; and Textile, Garments, Leather & Footwear, with a rise of 1.4%.
According to the classification of goods by economic destination, compared to January 2025, Energy prices decreased by 1.4% and prices of Capital Goods were down 0.8%. There was a 1.3% increase in prices of Consumer Goods, explained by the 1.7% rise in prices of Consumer Non-Durables and the 0.4% decrease in those of Consumer Durables. Finally, prices of Intermediate Goods rose by 0.2%.
In year-on-year terms, February 2025 on February 2024, the greatest increases in prices occurred within the branches of Water, up 5.5%; and Electricity, Gas & Steam, with a rise of 4.9%. By contrast, the prices that experienced a year-on-year decrease were in the branches of Coke Plants and Oil Refining, down 8.8%; and Rubber, Plastic and Other Non-Metallic Mineral Products, with a drop of 0.4%.
Industrial Price Index of the Basque Country. Variation rate (p). February 2025
| | Index | % Variation |
| | | m / m-1 | m / m-12 |
| General index | 114,9 | -0,3 | 1,0 |
| | | | |
| SECTOR DIVISIONS | | | |
| Mining and quarrying | 136,2 | 1,3 | 3,4 |
| Manufacturing industry | 117,3 | -0,1 | 0,8 |
| Manufacture of food products, beverages and tobacco products | 126,5 | 1,5 | 3,3 |
| Textile industry, garments, leather & shoes | 111,6 | 1,4 | 4,3 |
| Manufacture of wood and paper products, and printing | 124,2 | -0,1 | 4,2 |
| Coke and refined petroleum | 122,8 | -0,8 | -8,8 |
| Chemical industry | 130,5 | 0,0 | 3,2 |
| Manufacture of pharmaceutical products | 109,8 | 0,0 | 1,6 |
| Rubber, plastic and other non-metallic mineral products | 117,2 | 0,4 | -0,4 |
| Metallurgy and metal products | 113,2 | 0,4 | 2,4 |
| Manufacture of computer, electronic and optical products | 112,6 | 0,6 | 4,0 |
| Manufacture of electrical equipment | 117,0 | 0,0 | 4,4 |
| fabricacion de maquinaria y equipo n.e.c | 114,4 | -1,3 | 0,3 |
| Manufacture of transport material | 115,3 | -1,0 | 2,2 |
| Furniture; other industries; repair and installation | 116,8 | -0,5 | 1,8 |
| Electricity, gas and steam | 88,2 | -2,5 | 4,9 |
| Water | 127,2 | 0,6 | 5,5 |
| | | | |
| BY MAJOR INDUSTRIAL SECTORS | | | |
| Consumer goods | 122,4 | 1,3 | 3,7 |
| Durable consumer goods | 115,6 | -0,4 | 3,7 |
| Nondurable consumer goods | 124,2 | 1,7 | 3,6 |
| Equipment goods | 115,0 | -0,8 | 1,9 |
| Intermediate goods | 116,4 | 0,2 | 2,0 |
| Energy | 107,6 | -1,4 | -3,9 |
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 March 24, 2025
Source: Eustat Industrial prices index
Price fluctuations in year-on-year terms for the large goods groups by economic destination was positive for Consumer Goods, which registered an increase of 3.7%; explained by the 3.7% rise in prices of Consumer Durables and the 3.6% increase in those of Consumer Non-Durables. Prices of Intermediate Goods were up 2.0%, and there was a 1.9% increase in those of Capital Goods. Lastly, Energy prices registered a year-on-year decrease of 3.9%.
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 85.01% 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