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%.
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