Industrial prices in the Basque Country increased by 22.6% in March compared to the same month in 2021


The rise in industrial prices is due to “strong increases in the energy sectors”.

Industrial prices in the Basque Country increased by 22.6% in March compared to the same month in 2021, while they rose by 4.1% compared to the previous month of this year, according to data from the Basque Statistical Institute, Eustat.

In a statement, the agency said the year-on-year increase in industrial prices was due to “strong gains in the energy sectors”.

The largest year-on-year price increase occurred in the Basque Country in the coking plants and oil refineries branches, which recorded a 60.9% increase, while electricity, gas and steam showed a 59.2% increase and Industry Chemistry shows a increase of 25.5%. In contrast, prices fell only in the Transport Equipment Manufacturing sector, by 1.7%.

In a more detailed analysis on a monthly basis, the sectors that recorded the most pronounced price increases in the Basque Country in February this year are coke and oil refining at 20.4%, electricity, gas and steam at 6.2% and extractive industries at 20.4%. 3.0%.

On the other hand, the sectors experiencing month-on-month price declines were machinery and equipment manufacturing, with a 1.0% decline, furniture; other processing industries; repair and installation, which decreased by 0.3%; and Manufacture of transportation equipment, which was down 0.1%.

Source: EITB


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