MADRID, Oct. 31 (EUROPA PRESS) – The General Export Price Index of industrial products fell 0.4% in September compared to the same month in 2023, a rate 1.2 points lower than that of August, as reported this Thursday the National Institute of Statistics (INE). Regarding import prices of industrial products, they fell 1% year-on-year in the ninth month of the year, a rate two points lower than that of the previous month. With the falls in September, import prices turn negative after four consecutive months of year-on-year increases, while export prices fall after three months of positive rates.
EXPORT PRICES
According to Statistics, among the sectors with a negative influence on the evolution of the prices of industrial exports, energy stood out, which cut its annual rate by 13.4 points in September, to -18.1%, due to the lower prices of the production, transportation and distribution of electrical energy and oil refining. The capital goods sector also contributed negatively, whose rate fell four tenths, to 0.8%, due to the fact that the rebound in motor vehicle manufacturing prices was lower than in September 2023. Excluding energy, the annual rate of the general export price index decreased three tenths in September, to 0.8%, standing 1.2 points above the rate of the general index. In monthly rate (September over August), the export prices of industrial products decreased by 0.3% after those relating to the production, transportation and distribution of electrical energy fell by 8.1% and fell by 6.3%. those of oil refining.
IMPORT PRICES
Regarding the import prices of industrial products, these decreased by 1% year-on-year in the ninth month of the year, a rate two points lower than that of the previous month. By sector, all had a negative influence on this evolution, especially energy, which cut its interannual rate by 9.5 points, to -5.1%, due to the lower prices of coke plants and oil refining and crude oil extraction. Intermediate goods also stood out, which presented a rate of -1.3%, seven tenths less, due to lower prices in the chemical industry. Excluding energy, the annual rate of import prices of industrial products fell four tenths, to -0.2%, standing eight tenths above the general rate. In monthly rate (September over August), import prices registered a monthly decrease of 1% due to the lower costs of electricity and gas supply (-12.9%), coke plants and oil refining (-7 .6%) and the extraction of crude oil and natural gas (-3.2%). In contrast, import prices from the food industry rose 1.7% in the month.
