Press Release: Industrial Price Index. 2021 Baseline. June 2024. Provisional data.

Main results

The annual variation of the Industrial Price Index increased by one point in June to -3.5%.
The monthly rate of industrial producer prices was 1.9%.

More information

Annex of tables (includes information from the Autonomous Communities)
Detailed monthly results
Annual averages

The annual rate of the overall Industrial Price Index (IPRI) was -3.5% in June, one point higher than in May.

By the economic use of the goods, among the industrial sectors that had a notably positive effect on the evolution of the annual rate of the General IPRI were:

Energy, which rose by 2.0 points to -12.7%, due to an increase in the prices of electricity production, transmission and distribution that was higher than in June 2023.

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

Intermediate goods, with an annual rate of -2.1%, 1.0 point higher than in May. This behaviour was a result of prices in the Manufacture of basic chemicals, nitrogen compounds, fertilisers, plastics and synthetic rubber in primary forms decreasing less than in June of the previous year, and an increase in prices in the Manufacture of animal feedstuffs, compared with a decrease in the same month of 2023.

The annual variation rate of the general index excluding energy increased four tenths of a percentage point to 0.8% and was 4.3 points higher than that of the general IPRI.

Annual evolution of the IPRI

General index and general index without Energy. Percentage

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Monthly evolution of industrial prices

In June, the monthly variation rate of the general IPRI was 1.9%.

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

Activities with the greatest positive impact on the monthly rate of the IPRI. June 2024

Activities with the greatest negative impact on the monthly rate of the IPRI. June 2024

Results by Autonomous Communities. Annual variation rates

In June, the IPRI registered negative annual rates in all regions, except in the Region of Murcia (0.1%) and Andalucía (0.0%).

The lowest rates were in Canarias (-14.5%), Principado de Asturias (-14.2%) and Illes Balears (-13.4%).

Annual variation rates of the IPRI. June 2024

Index by Autonomous Community. Percentage

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Revisions and data updates

The INE has today updated the IPRI data for the last three months, making the data for the month of March 2024 definitive. All results of this operation are available on INEBase.

Methodological note

The Industrial Price Index (IPRI) is a short-term indicator that measures the monthly evolution of the prices of industrial products manufactured and sold in the domestic market, in the first step of their commercialization, that is, the sales prices at the exit of factory, excluding transportation and marketing costs and VAT invoiced.

Type of survey:: continuous monthly survey.
Base year:: 2021.
Reference period of the weightings:: the year preceding the current year.
Population scope:: industrial establishments.
Sample size:: 9,200 industrial establishments and 1,400 items
Number of observations:: approximately 29,000 monthly prices.
General calculation method:: Laspeyres’ Chain Index.
Collection method:: internet (IRIA system), e-mail, fax, telephone or postal mail.

For more information, you can access the methodology and the standardised methodological report.

INE statistics are produced in accordance with the Code of Good Practice for European Statistics. More information on Quality at INE and the Code of Best Practices.