Industrial prices reach 5.2% year-on-year growth - La Provincia

Industrial prices reach 5.2% year-on-year growth - La Provincia

TheIndustrial prices increased 0.7% in Septemberin relation to the previous month, and raised theiryear-on-year growtha tenth,up to 5.2%, compared to the data registered in the month of August, as reported on ThursdayNational Institute of Statistics (INE).

With the inter-annual rebound of September, the sixth consecutive, industrial prices chaineight consecutive months of increasesand register their highest level since May 2017, when they marked a rise of 5.3%.

The increase in the annual rate of industrial prices has been mainly due to thestrong rebound of energy, whose prices have grown a16.6%, three tenths more than August. Specifically, the prices of the production, transport and distribution of electric energy registered an increase higher than September 2017, while, on the contrary, those of oil refining increased less than last year.

Among the industrial sectors with a negative influence on the evolution of the annual rate of the general index,intermediate goods, whose variation drops four tenths, until the2.5%. The INE has a special impact on the stability of the prices of the manufacture of basic products of iron, steel and ferroalloys, compared to the increase registered in September of the previous year.

It also helped to curb the rise in the general rate of industrial prices the behavior ofnon-durable consumer goods, which registered a fall of 0.8%, two tenths less than the previous month, due to the decrease in the prices of the manufacture of vegetable and animal oils and fats, higher this month than in the same period of 2017.

For its part, the annual variation rate of the general index without energy fell two tenths in September, to 0.9%, which is the lowest percentage since November 2016 and puts it more than four points below that of general indicator.

In monthly terms, industrial prices advanced 0.7% in September, their biggest monthly rise since June, mainly due to the increase in energy prices (+ 2.3%), which was partially offset by the decline of two tenths of non-durable consumer goods.

Positive rates in all communities

In Septemberthe annual rate of industrial prices rose in twelve communities, fell by four and remained stable in Andalusia. The largest increases occurred inAsturias,BalearicsYCantabria, whose rates rise 2.5, 1.3 and 1.2 points, respectively.

Conversely,Estremadura,Basque CountryYValencian Communityare the communities where the annual rate falls the most in September, with decreases of six tenths in the first two and three tenths in the last.

In spite of this evolution, all the communities presented positive interannual rates of industrial prices in September, withCanary Islands (13.3%), Balearic Islands (12.3%) and Murcia (8.6%)to the head.


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