SANTIAGO DE COMPOSTELA, 23 (EUROPA PRESS)
Industrial prices registered year-on-year growth in November of 20% in Galicia, almost like the average (+20.7%), according to data published this Friday by the National Statistics Institute (INE).
On average so far this year, they experience an increase of 15.1% in the community, while industry prices fell by 1.8% compared to October.
In the state as a whole, industrial prices moderated their interannual growth in November to 20.7% due to lower energy costs and fell by 2.2% in relation to the previous month.
With the year-on-year rise in November, almost 4.5 points lower than that experienced in October and the lowest since August 2021, inflation in the industrial sector has chained 23 consecutive months of positive rates.
The moderation in the interannual rate of industrial prices registered in November is mainly due to energy, which cut its annual variation by almost 12 points, to 38.6%, due to cheaper electricity production and oil refining. , as well as intermediate goods, whose annual rate fell by more than 2.5 points, to 13.2%, due to the lower cost in the manufacture of basic chemical products and iron products.
In contrast, the prices of non-durable consumer goods increased their interannual rate by three tenths in November, up to 14.5%, due to the increase in the cost of manufacturing dairy products.
According to the INE, without counting energy, industrial prices showed a year-on-year rise of 12.1% last November, a rate 1.1 points lower than that of October and more than 8.5 points below the general rate. .
By activity, the biggest price rises compared to November 2021 occurred in coke ovens and petroleum refining (+49.7%); the supply of electricity and gas (+34.4%); the paper industry (+21.3%); the food industry (+21%) and the wood and cork industry (+17.2%).
PRICES DECREASE BY 2.2% DURING THE MONTH
In the monthly rate (November compared to October), industrial prices decreased by 2.2%, thus chaining their second consecutive monthly decline after the 2.3% fall registered in October.
In November, the drop in energy prices (-6.4%) and intermediate goods (-0.4%) and the increase in non-durable consumer goods (+0.9%) stood out.
INDUSTRIAL INFLATION MODERATES IN ALL COMMUNITIES
The annual rate of the industrial price index decreased in November in all the autonomous communities, according to Statistics. The greatest decreases with respect to the October rate occurred in Murcia, the Basque Country and Asturias, with decreases of 8.3; 7 and 4.9 points, respectively.
For their part, the smallest decreases in the interannual rate were registered in La Rioja, Castilla y Len and Navarra, with declines of 1.8 points in all three cases.
At the end of November, all the communities presented positive industrial price rates. The highest annual rates occurred in Andalusia (+28.8%), Murcia (+25.6%) and the Basque Country (+25.2%), while the most moderate ones corresponded to Asturias (+9.6% ), the Canary Islands (+9.9%) and the Balearic Islands (+13.5%).
