Press release 21/01/2026
INDUSTRIAL PRICE INDEX. DECEMBER 2025
Industrial prices in the Basque Country. December 2025
Highlights
Monthly evolution: industrial prices in the Basque Country fell by 0.7% compared to November.
Year-on-year evolution: the year-on-year variation rate stood at -0.6%.
Sectors: Coke Plants and Oil Refining recorded a month-on-month drop in prices of 8.4%, while Manufacture of Computer, Electronic & Optical Products saw a year-on-year rise in prices of 10.6%.
Major industrial sectors: Energy posted a month-on-month decrease of 3.5% and a year-on-year decrease of 8.9%.
Statistical analysis
Industrial prices in the Basque Country fell by 0.7% in December 2025 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, recorded a decrease of 0.6%.
A more detailed analysis reveals that in December 2025, the sectors that recorded the most pronounced decreases in their prices in respect of the previous month were: Coke Plants and Oil Refining, down 8.4%, and Food, Beverages & Tobacco Industry, with a drop of 4.0%. In contrast, the sector that recorded the highest month-on-month increase in prices was Electricity, Gas & Steam, with a rise of 5.0%.
According to the classification of goods by economic destination, compared to November 2025, Energy prices recorded a drop of 3.5%. Prices of Consumer Goods experienced a decrease of 3.3%, explained by the 4.2% fall in prices of Consumer Non-Durables, given that prices of Consumer Durables remained unchanged. As regards Capital Goods, prices were up 0.3% in month-on-month terms, while prices of Intermediate Goods recorded a 0.4% increase.
In year-on-year terms, December 2025 on December 2024, the greatest price increases occurred within the branches of Manufacture of Computer, Electronic & Optical Products, up 10.6%, and Manufacture of pharmaceutical products, with a rise of 10.3%. In contrast, there were year-on-year price decreases in the branches of Electricity, Gas & Steam, down 9.8%, and Coke Plants & Oil Refining, with a drop of 8.9%.
Industrial Price Index of the Basque Country. Variation rate (p). December 2025
| |
Index |
% Variation |
| |
|
m / m-1 |
m / m-12 |
| General index |
112.3 |
-0.7 |
-0.6 |
| |
| SECTOR DIVISIONS |
|
|
|
| Mining and quarrying |
134.7 |
-2.0 |
4.0 |
| Manufacturing industry |
115.0 |
-1.0 |
0.1 |
| Manufacture of food products, beverages and tobacco products |
122.2 |
-4.0 |
-1.8 |
| Textile industry, garments, leather & shoes |
112.5 |
-0.1 |
1.7 |
| Manufacture of wood and paper products, and printing |
123.5 |
0.8 |
0.8 |
| Coke and refined petroleum |
107.3 |
-8.4 |
-8.9 |
| Chemical industry |
128.3 |
0.7 |
-1.1 |
| Manufacture of pharmaceutical products |
119.2 |
0.0 |
10.3 |
| Rubber, plastic and other non-metallic mineral products |
115.9 |
-0.2 |
-1.4 |
| Metallurgy and metal products |
111.1 |
0.4 |
1.7 |
| Manufacture of computer, electronic and optical products |
122.8 |
-1.9 |
10.6 |
| Manufacture of electrical equipment |
122.8 |
-0.0 |
9.4 |
| fabricacion de maquinaria y equipo n.e.c |
115.6 |
0.1 |
1.3 |
| Manufacture of transport material |
115.3 |
0.6 |
0.6 |
| Furniture; other industries; repair and installation |
117.2 |
0.3 |
0.8 |
| Electricity, gas and steam |
81.1 |
5.0 |
-9.8 |
| Water |
129.4 |
-1.1 |
2.9 |
| |
| BY MAJOR INDUSTRIAL SECTORS |
|
|
|
| Consumer goods |
119.4 |
-3.3 |
-0.4 |
| Durable consumer goods |
114.3 |
0.0 |
-0.7 |
| Nondurable consumer goods |
120.8 |
-4.2 |
-0.4 |
| Equipment goods |
116.3 |
0.3 |
2.1 |
| Intermediate goods |
115.1 |
0.4 |
1.0 |
| Energy |
96.3 |
-3.5 |
-8.9 |
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 January 21, 2026
Source: Eustat Industrial prices index
Year-on-year price fluctuations for the large goods groups by economic destination were negative for Energy, which posted a decrease of 8.9%, as well as for Consumer Goods, with a drop of 0.4%, explained by the 0.7% fall in prices of Consumer Durables and the 0.4% decrease in those of Consumer Non-Durables. Prices of Capital Goods, on the other hand, recorded a 2.1% increase, while those of Intermediate Goods rose by 1.0%.
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 85.34% coverage of the sample.