The increase in industrial prices is due to “the strong increases in the energy sectors”.
Industrial prices in the Basque Country rose by 22.6% in March compared to the same month in 2021, while they did so by 4.1% in relation to the previous month of this year, according to data provided by the Basque Institute of Statistics, Eustat.
In a statement, the agency reported that the increase in industrial prices in year-on-year terms was due to “the strong increases in the energy sectors”.
The greatest year-on-year growth in prices took place in the Basque Country in the branches of Coking plants and oil refining, which registered a rise of 60.9%, while Electricity, gas and steam registered a rise of 59.2% and Industry Chemistry shows an increase of 25.5%. Conversely, prices only fell in the Manufacture of transport material sector, by 1.7%.
In a more detailed analysis in monthly terms, the sectors that have registered the most pronounced growth in prices in the Basque Country, over February this year, have been Coking and oil refining, with 20.4%, Electricity, gas and steam with 6.2% and extractive industries with 3.0%.
In the opposite direction, the sectors that experienced month-on-month decreases in their prices were Manufacture of machinery and equipment, with a decrease of 1.0%, Furniture; other manufacturing industries; repair and installation, which decreased by 0.3%; and Manufacture of transport material, which decreased by 0.1%.
Source: Eitb
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