Export Price Index (IPRIX) and Import Price Index (IPRIM) of Industrial Products. Base 2021

The annual rate of the Export Price Index (IPRIX) in February was 3.7%, 1.2 points above that recorded in January.

Among the industrial sectors with a positive influence on the evolution of the annual rate of the IPRIX by economic use of the goods worth noting are:

• Energy, whose annual rate increased by 20.0 points, to 42.5%, due to the rise in the prices of the Electric power generation, transmission and distribution, which decreased in February 2024.

Also noteworthy, although in the opposite direction, was the decrease in the prices of Refined petroleum products, in contrast to the rise in the same month the previous year.

• Capital goods, whose variation of 1.7%, four tenths above that of January, was a result of the increase in the prices of the Manufacture of motor vehicles, while they decreased in February last year.

The annual variation of the general index excluding Energy increased by two tenths, to 1.4%, standing nearly 2.3 points below that of the general IPRIX.

The Industrial Price Index of the domestic and foreign market, which is obtained as an aggregation of the IPRI and the IPRIX, rose in terms of its annual rate by 3.2 points in February to 5.7%. As for the annual variation of the general index without Energy, it increased by two tenths, to 0.5%.

The Import Price Index (IPRIM) recorded an annual variation of 3.8% in February, three tenths higher than in January.

By economic use, the industrial sectors with a positive influence on the variation of the annual rate of the IPRIM included the following:

• Energy, with an annual rate of 12.5%, 2.5 points above that of the previous month, as a result of the rise in the prices of Crude petroleum and natural gas extraction and, to a lesser extent, the Electricity, gas, steam and air conditioning supply, as opposed to the decrease in the same month of 2024.

Also noteworthy, although in the negative direction, was a fall in the prices of Coke and refined petroleum products, in contrast to the rise seen in February last year.

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

• Intermediate goods, which decreased their variation by five tenths to 2.5%, as a result of the fall in prices in the Chemical industry, which increased in the same month last year.

The annual variation rate of the overall index excluding Energy decreased one tenth, to 1.9%, which is 1.9 points below the rate of the general IPRIM.

In February, the monthly variation of the Import Price Index was 0.5%.

A more detailed analysis shows the activities that most affected the monthly IPRIM rate in February.