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

Main results

The annual variation of the Industrial Price Index increased by three tenths in August, up to -1.3%.
The monthly rate of industrial producer prices was 1.5%.

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 -1.3% in the month of August, three tenths above that registered in July.

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 rate stood at -6.0%, 1.1 points higher than in July, due to the increase in the prices of electricity production, transport and distribution, higher than in August 2023.

Also noteworthy, although in the opposite direction, was the decrease in the prices of oil refining, compared with the increase in the same month last year.

On the other hand, amongst the industrial sectors with a negative influence, worth noting are:

Non-durable consumer goods, which registered a decrease in its annual change of 1.0 points to 1.7%, as a result of the decrease in the prices of the Manufacture of vegetable and animal oils and fats, which increased in August of the previous year.

The annual variation rate of the general index excluding energy decreased four tenths, to 0.6%, and stood 1.9 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,
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Monthly evolution of industrial prices

In August, the monthly variation rate of the overall IPRI was 1.5%.

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

Activities with the greatest positive impact on the monthly rate of the IPRI. August 2024

Activities with the greatest negative impact on the monthly rate of the IPRI. August 2024

Results by Autonomous Communities. Annual variation rates

The IPRI recorded negative annual rates in 12 regions in August and positive rates in the remaining five.

The lowest rates were in the País Vasco (-3.5%), Region of Murcia (-3.2%) and Andalusia (-3.0%).

La Rioja (2.2%), Canarias (1.5%) and Comunidad Foral de Navarra (1.4%) had the highest rates.

Annual variation rates of the IPRI by Autonomous Community. August 2024

Percentage

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Data revisions and updates

The INE has today updated the IPRI data for the last three months, making the data for the month of April 2024 definitive. All results of this operation are available on INEBase.

Nota metodológica

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.