Press Release: Industrial Price Index. 2021 Baseline. May 2024. Provisional data.

Main results

The annual variation of the Industrial Price Index increased by 2.1 points in May to -4.6%.
The monthly rate of industrial prices was 0.8%.

More information

Annex of tables (includes information from the Autonomous Communities)
Detailed monthly results
Annual averages

The annual rate of the general Industrial Price Index (IPRI) was -4.6% in May, 2.1 points higher than that recorded in April.

By the economic use of the goods, among the industrial sectors that had a notably positive effect on the evolution of the annual rate of the General IPRI were:

Energy, whose variation increased by 5.6 points to stand at -15.1%. This evolution was a consequence of the increase in prices for the Production, transportation and distribution of electrical energy and, to a lesser extent, for Gas production; pipeline distribution of gaseous fuels, which decreased in May 2023.
Intermediate goods, with a rate of -3.1%, nine tenths above that of April, due to the fact that the prices of Production of precious metals and other non-ferrous metals increased, compared to the decrease in the same month of last year.

The annual variation rate of the general index excluding Energy increased by four tenths, to 0.4%, standing five points above that of the general IPRI.

Annual evolution of the IPRI

General index and general index without Energy. Percentage

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      "7.8",
      "8.0",
      "-1.4",
      "-4.5",
      "-6.8",
      "-7.9",
      "-8.6",
      "-9.9",
      "-8.5",
      "-7.7",
      "-7.6",
      "-6.3",
      "-3.9",
      "-8.5",
      "-8.2",
      "-6.7",
      "-4.6"
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      "10.5",
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      "7.2",
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      "1.7",
      "1.7",
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Monthly evolution of industrial prices

In May, the monthly variation rate of the general IPRI was 0.8%.

A more detailed analysis shows the activities that most affected the monthly rate of the IPRI in May.

Activities with the greatest positive contribution to the monthly rate of the IPRI. May 2024

Activities with the greatest negative contribution to the monthly rate of the IPRI. May 2024

Results by Autonomous Communities. Annual variation rates

In May, the IPRI registered negative annual rates in all communities, except in Región de Murcia (1.6%).

The lowest rates were in Canarias (-23.6%), Principado de Asturias (-22.1%) and Illes Balears (-20.8%).

Annual variation rates of the IPRI. May 2024

Index by Autonomous Community. Percentage

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      "-5.3",
      "-5.1",
      "-5.1",
      "-4.6",
      "-4.6",
      "-4.2",
      "-3.1",
      "-3.0",
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Revisions and data updates

Today, the INE has updated the IPRI data for the last three months, making those for February 2024 definitive. All results of this operation are available on INEBase.

Methodological note

The Industrial Price Index (IPRI) is a short-term indicator that measures the monthly evolution of the prices of industrial products manufactured and sold in the domestic market, in the first step of their commercialization, that is, the sales prices at the exit of factory, excluding transportation and marketing costs and VAT invoiced.

Type of survey:: continuous monthly survey.
Base year:: 2021.
Reference period of the weightings:: the year preceding the current year.
Population scope:: industrial establishments.
Sample size:: 9,200 industrial establishments and 1,400 items
Number of observations:: approximately 29,000 monthly prices.
General calculation method:: Laspeyres’ Chain Index.
Collection method:: internet (IRIA system), e-mail, fax, telephone or postal mail.

For more information, you can access the methodology and the standardised methodological report.

INE statistics are produced in accordance with the Code of Good Practice for European Statistics. More information on Quality at INE and the Code of Best Practices.