INDUSTRIAL PRICE INDEX OF THE BASQUE COUNTRY (IPRI) NOVEMBER 2011. Industrial prices experienced no variation in the month of November 2011 in relation to the previous month

Press release 22/12/2011

INDUSTRIAL PRICE INDEX OF THE BASQUE COUNTRY (IPRI) NOVEMBER 2011

Industrial prices experienced no variation in the month of November 2011 in relation to the previous month

They were up by 6.5%, with respect to the previous year

Industrial prices in the Basque Country have experienced no variation (0.0%) in the month of November 2011 when compared to the previous month, according to EUSTAT data. The data shows that the year-on-year rate for November, which indicates the fluctuation in industrial prices over the last twelve months, witnessed growth of 6.5%.

December year-on-year variation rates (%) of Industrial Prices in the Basque Country. Provisional data

A more detailed sectorial analysis shows that in November 2011 the most inflationary branch, compared to the previous month, was “Coke Plants & Oil Refining” (2.4%), followed by “Electricity, Gas & Steam” (0.9%) and “Chemical Industry” (0.3%). On the other hand, the sectors that posted the greatest decreases in prices were “Textile, Garments, Leather & Footwear” (-1.3%) and “Metallurgy and Metal Products” (-0.9%).

Over the course of the year-on-year period between November 2010 and November 2011, the highest price rises were recorded by “Coke Plants & Oil Refining" (23.7%), “Electricity, Gas & Steam” (23.3%), and “Chemical Industry” (7.7%). On the other hand, the only sector that posted price downturns was "Extraction Industries" (-1.4%).

According to the classification of goods by economic destination, and in relation to the previous month, Energy prices rose by 1.7%, those of Intermediate Goods by 0.1% and those of Equipment Goods by 0.1%. The prices of Consumer Goods as a whole also experienced a fall of 0.1%, due to the fall experienced by Consumer Non-Durables (-0.1%), as Consumer Durables experienced no variation (0.0%).

The price evolution of these large groups of goods increased in all cases over the year-on-year period. Energy prices increased by 23.5%, those of Intermediate Goods by 3.4%, those of Equipment Goods were up 2.3% and there was a 1.8% increase in prices of Consumer Goods. Amongst the latter, the prices of Consumer Non-Durables rose 2.2% whilst Consumer Durables were up by 0.7%.

INDUSTRIAL PRICE INDEX. BASQUE COUNTRY. DATA SUMMARY. NOVEMBER 2011