News

Industrial prices in the Basque Country fell by 0.7% in June 2012 compared to the previous month, according to EUSTAT data. With these data, the year-on-year rate for June, which indicates the fluctuation in industrial prices over the last twelve months, showed growth to be 0.7%.

A more detailed sectorial analysis reveals that the most inflationary branches in June 2012, with respect to the previous month, were “Electricity” (1.7%), “Manufacture of Computer, Electronic & Optical Products” (0.5%) and “Chemical Industry” (0.2%), amongst others. By contrast, the sectors with the greatest falls in prices were “Coke Plants & Oil Refining" (-6.3%), “Manufacture of Transport Material” (-0.6%) and “Metallurgy & Metal Products”, which was down 0.4%.

During the year-on-year period, June 2012 on June 2011, the highest price rises were recorded by “Electricity, Gas & Steam" (10.5%) “Manufacture of Computer & Electronic Products” (6.0%), and “Chemical Industry” (3.4%). On the other hand, price drops were recorded in "Food Industry" (-2.4%), "Metallurgy & Metal Products" (-2.1%) and "Textile, Garments, Leather & Footwear " (-1.9%).

According to the classification of goods by economic destination, the evolution of prices in June compared to the previous month in the large sectorial groups varied: the price of Energy decreased by 2.8%, the prices of Intermediate Goods were down 0.4%, those of Equipment Goods remained unchanged (0.0%) and those of Consumer Goods as a whole experienced a rise of 0.1%, with the prices of Consumer Durables dropping by 0.2% and those of Consumer Non-Durables rising by 0.3%.

The price evolution of these large goods groups varied over the year-on-year period. The prices corresponding to Energy rose by 5.5%, as did those of Equipment Goods, which were up 0.7%, whilst those relating to Intermediate Goods fell by 1.0%. Prices of Consumer Goods were down 0.8%, with Consumer Durables rising by 0.6% and those of Consumer Non-Durables dropping by 1.3%.