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

The annual rate for the Export Price Index (IPRIX) in May was 0.6%, six tenths over that recorded in April.

Among the industrial sectors that had a negative influence on the evolution of the annual rate of the IPRIX by economic use of the goods the following stand out:

• Energy, whose annual rate decreased by 10.5 points, to -0.6%, due to the fall in the prices of the Electric power generation, transmission and distribution, which increased in May 2024.

  Also noteworthy, although in the opposite direction, were the prices of Refined petroleum products, which decreased less than in the same month last year.

• Intermediate goods, whose annual variation of -0.6%, four tenths lower than that of April, as a result of the stability in the prices of the Production of basic precious and other non-ferrous metals, which increased in the same month last year.
• Non-durable consumer goods, with a rate of -1.0%, five tenths lower than that of the previous month. This behaviour is mainly due to the drop in the prices of Manufacture of vegetable and animal oils and fats, which increased in the same month of last year.

The annual variation of the general index excluding Energy decreased by two tenths, to 0.2%, standing nearly four tenths 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, fell in terms of its annual rate by 1.3 points in May to 0.2%. As for the annual variation of the general index without Energy, it decreased by three tenths, to -0.2%.

The Import Price Index (IPRIM) recorded an annual rate of -1.8% in May, seven tenths lower than in April.

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

• Energy, which presented an annual rate of -8.6%, 1.7 points below that of the previous month, due to the fact that the prices of Crude oil and natural gas extraction fell more than in May of the previous year.

  It is noteworthy, although in the positive sense, the increase in the prices of Cokeries and oil refining, compared to the decrease in the same month of 2024.

• Intermediate goods, with a rate of -0.6%, seven tenths lower than in August, was due to the fall in prices of the Manufacture of basic iron, steel and ferro-alloy products, which rose in May of 2024.

The annual variation rate of the overall index excluding Energy decreased five tenths, to -0.2%, which is 1.6 points above the rate of the general IPRIM.

In May, the monthly variation of the Import Price Index was -0.7%.

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