News

Industrial prices rose by 1.0% in the Basque Country in January 2010 compared to the previous month, according to EUSTAT data. With these figures, the year-on-year rate for January, which indicates the fluctuation in industrial prices over the last twelve months, showed a downturn of 1.0%.

A more detailed sectorial analysis shows that the most inflationary branches in January 2010, compared to the previous month, were Oil Refinery (5.3%), Textile and Garments (1.9%), Metal and Non-Metal Minerals (1.8%) and Electrical Equipment (1.5%). On the other hand, the sector with the greatest decreases in price were Paper, Publishing and Graphic Arts (-0.8%), Leather and Footwear (0.1%), Timber Industry (0.1%) and Non-Metal Industry (0.1%).

Over the year-on-year period June 2010 on June 2009, the highest growth in prices was registered by the branches of&' || 'nbsp; Oil By-products (27.4%), Other Manufacturers (3.8%), Leather and Footwear (1.6%), and Rubber and Plastic (1.1%). However, the largest falls in prices were recorded in the following sectors: Electricity, Gas and Water (-7.7%), Metallurgy and Metal Articles&' || 'nbsp; (-7.4%), the Timber Industry (-4.9%), the Food Industry (-1.6%) and Chemical Industry (-1.6%).

Following the classification of Goods by economic destination, the prices in the large sectorial groups all rose in January: the price of Energy rose by 3.4%, Intermediary Goods by 0.6% and the prices of Capital Goods were up by 0.3%. Consumer Goods overall increased by 0.4%, as the result of the increase in Non-Durables (0.5%), as Durables remained stable with respect to the previous month (0.0%).

The price evolution of these large groups of goods reveals differences over the year-on-year period. Energy prices increased by 8.1%, Intermediary Goods fell by 4.4%, Capital Goods were down 0.2% and Consumer Goods registered a 1.5% decrease. Among the latter, the prices of Durables fell by 1.6% while Non-Durables were down by 1.0%.