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

The annual rate for the Export Price Index (IPRIX) in June was 0.6%, the same recorded for the month of May.

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, with a rate of 8.6%, 8.5 point higher than in May. This behaviour was due to the rising prices in Electric power generation, transmission and distribution, higher than the same month in 2024, and to higher prices in Manufacture of refined petroleum products, which fell in June 2024.

Meanwhile, standing out among the industrial sectors that had a negative influence on the evolution of the rate was:

• Intermediate goods, which had an annual variation of -1.2%, six tenths lower than that of the previous month, caused by the fall in the prices of the Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms and Manufacture of rubber products, compared to the increase in June 2024.

The annual variation of the general index excluding Energy decreased by three tenths, to -0.1%, standing seven 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, rose in terms of its annual rate by six tenths in June to 0.8%. As for the annual variation of the general index without Energy, it decreased by three tenths, to -0.5%.

The Import Price Index (IPRIM) recorded an annual rate of -2.1% in June, three tenths lower than in May.

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

• Intermediate goods, which fell by five tenths to -1.0%, due to the decrease in prices of the Chemical Industry and, to a lesser extent, Metallurgy; manufacturing of iron, steel and ferroalloy products, which increased in the same month of 2024.
• Durable consumer goods, with an annual variation of -0.7%, five tenths below that of the previous month, due to the decrease in Manufacture of pharmaceutical products and Manufacture of wearing apparel prices, compared with the increase in June of the previous year.

The annual variation rate of the overall index excluding Energy decreased three tenths, to -0.5%, which is 1.6 points above the rate of the general IPRIM.

In June, the monthly variation of the Import Price Index was 0.1%.

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