June 21, 2021

Industrial prices accelerate their growth to 1.9% in February – La Provincia

Industrial prices accelerate their growth to 1.9% in February - La Provincia


TheIndustrial prices rose 0.2% in Februaryin relation to the previous month and accelerated its year-on-year growth to 1.9%, two tenths above the rate recorded in January, as reported by the National Institute of Statistics (INE) on Monday.

With the inter-annual rebound of February,industrial prices string positive consecutive months for 29 months.

The acceleration in the year-on-year rate of industrial prices was mainly due to thegreater growth of energy, whose prices increased by 5.8%, nine tenths more than in January, as a result of the increase in oil refining.

On the other hand, intermediate goods cut their interannual rate by two tenths, to 0.8%, their lowest rate since December 2016. In turn, non-durable consumer goods registered in February a rate one tenth lower than the January, to stand at -1%, its lowest rate since March 2014.

The annual variation rate of the general index without energy fell two tenths in the second month of the year, to 0.1%, which is almost two points below that of the general indicator.

In monthly terms,Industrial prices increased 0.2%, one tenth more than in January. They highlighted the advances in 0.4% of energy prices and 0.3% in intermediate goods.

Positive rates in all the CCAA, except in Asturias

In February the annual rate of industrial pricesrose in six autonomous communities and fell by eleven, mainly in Asturias and the Canary Islands, with decreases of 4.7 and 4.5 points, respectively, up to rates of -2.2% and 1.3%.

Thegreater promotions occurred in Andalusia and Murcia, whose rates increased 2.5 and 2.1 points, respectively.

After these variations,only Asturias registered a negative interannual rate in Februaryof industrial prices (-2.2%). The rest of the regions presented positive rates, especially the Basque Country (+ 4.3%) and Madrid (+ 2.6%).

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