New record industrial prices in January, up 35.7% | Economie

The industry started 2022 where it ended last year, with a new record high in prices. The Industry Price Index (PRI) continues to climb and rose five-tenths compared to December to reach 35.7%, the highest year-over-year increase since the start of the statistical series in January 1976, the institute said Friday. National Statistics (INE). In 2021 as a whole, the industry raised its prices by 35.2 percent compared to 2020 (the number has been revised down seven tenths).

The sectors most identified in this rise were intermediate goods, with a variance of 21.7%, more than one point from the previous month and the highest since December 1977 as a result of higher manufacturing prices for animal products. Feed and processing of mill products, starches and starchy products, are higher this month than in January 2021.

The rise in non-durable consumer goods was also decisive, averaging 6.1%, nine-tenths higher than in December, mostly due to higher beverage manufacturing prices, which were low. in the previous year.

The only industrial sector that had a negative impact was the energy sector, which narrowed its variance by more than two points to 91.4%. This behavior is due to lower electricity production, transmission and distribution prices compared to the January 2021 rise.

The annual rate of change of the general index, excluding energy, increased by more than one point, to 12.0%, 23.7 points lower than the overall IPRI rate. This rate is the highest since September 1984.

The IPR annual average increased in January compared to December in nine autonomous communities and decreased in the remaining eight.

The largest increases occurred in the Basque Country, La Rioja and Valencia, with increases of 4.2, 3.9 and 3.4 points, respectively. For their part, the largest decreases were recorded in the Canary Islands, Elles Baleares and Principado de Asturias, with decreases of 18.9, 13.8 and 13.8 points, respectively.