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 -2.4%, 1.3 points below that recorded in January and the lowest since August 2023.

By the economic use of the goods, among the industrial sectors that had a negative effect on the annual rate of the IPRIX were:

• Energy, whose annual variation decreased by 17.3 points, to -35.3%, the lowest since August 2023. This development is the result of the decrease in the prices of the Production, transport and distribution of electric power in contrast to the increase in February 2025.

Also noteworthy, although in the opposite direction, is the decrease in oil refining prices, which fell over the same month last year.

• Intermediate goods, with a rate of 0.0%, two tenths lower than that of January, as a result of the rise in the prices of the Production of precious and other non-ferrous metals, which was less than in February last year. And, to a lesser extent, because the prices of the Manufacture of milling products, starches and amylaceous products fell more than in the same month in 2025.

The annual variation rate of the general index excluding Energy remained stable at 0.0% and was 2.4 points above that of the general IPRIX.

The Industrial Price Index for the domestic and foreign market, which is the result of aggregating the IPRI and the IPRIX, experienced a fall in its annual rate by 3.3 points in February, to -5.6%. As for the annual variation of the general index without Energy, it was steady at 0.5%.

The Import Price Index (IPRIM) recorded an annual rate of -4.3% in February, the same as in January.

By economic use, among the more notable industrial sectors with a negative influence on the variation of the annual rate of the IPRIM was:

• Non-durable consumer goods annual variation of –2.9% decreased by three tenths, a consequence of the drop in prices of the Food industry, in contrast to the increase in February of the previous year.

On the other hand, the industrial sectors which had a positive influence worth noting are:

• Intermediate goods recorded a rate of -0.9%, three tenths above that of the previous month, due to the price rises in the Chemical industry, whereas they fell in the same month in 2025.

The annual variation rate of the overall index excluding Energy remained stable at -1.3%, which is 3.0 points above the rate of the general IPRIM.

In February, the monthly variation of the Import Price Index was 0.4%.

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