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

Main Results

The annual variation of the Industrial Price Index increased by 4.8 points in November, to 0.9%.
The monthly rate of industrial producer prices was 2.7%.

More information

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

The annual rate of the general Industrial Price Index (IPRI) was 0.9% in November, 4.8 points higher than in October.

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, whose annual variation increased by 15.3 points, to 2.4%. This was the highest since February 2023. This behaviour comes after the rise in the prices of Electric power generation, transmission and distribution and, to a lesser extent, of the Manufacture of refined petroleum products, which decreased in the same month.

On the other hand, the only industrial sector with a negative influence was:

Non-durable consumer goods, with a rate of 0.5%, one point below that of October, due to the decrease in Manufacture of vegetable and animal oils and fats prices, compared with the increase in November of the previous year.

The annual variation rate of the general index excluding Energy decreased by two tenths, to 0.2%, standing nearly 0.7 points below 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 November, the monthly variation rate of the general IPRI was 2.7%.

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

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

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

Results by Autonomous Communities. Annual variation rates

The IPRI recorded positive annual variations in November in 12 regions and negative ones in the remaining five.

The highest rates were in Canarias (17.2%), Illes Baleares (15.3%) and Principado de Asturias (14.9%).

On the other hand, Región de Murcia (-3.9%), Andalucía (-1.9%) and País Vasco (-1.6%) presented the lowest annual rates.

Annual variation rates of the IPRI by Autonomous Community. November 2024

Percentage

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Data revisions and updates

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