Madrid (EFE).- Industrial prices fell by 8.1% in June compared to the same month of 2022, which represents the fourth consecutive month of decline and the most intense decline since May 2020, in the midst of the coronavirus pandemic.
The National Institute of Statistics (INE) has published this Monday the industrial price index (IPRI) for June, which shows an increasingly intense reduction in the price of the industry after the decreases in March (1.4%), April (4.5%) and May (6.8%).
These price falls represent a change in trend with respect to the increases accumulated uninterruptedly since 2021, once the hardest part of the pandemic was over, which came to exceed 40% during the spring and summer of 2022 as a result of the impact of the war in Ukraine on energy.
All industrial sectors contributed to lower prices in June, especially energy, which fell by 26.3% due to the drop in gas and the lower increase in oil refining, despite the increase in electricity prices.
In fact, after eliminating the energy component, the industrial price index stood at 2.2% in June, seven tenths below that of May and more than 10 points above the general.
The prices of intermediate goods fell by 5.2% -a decrease more than one point more intense than that of May- due to the lower price of chemical products and, to a lesser extent, products for animal feed.
The prices of capital goods also fell -3%, six tenths more than in May- due to the lower increase in the price of motor vehicle manufacturing.
In the food industry, prices rose 10% and in the beverage industry, 11.6%.
In June, industrial prices only rose in three autonomous communities -La Rioja (2%), Extremadura (1.8%) and Navarra (0.9%)-, while they fell especially notably in Asturias (17.7%) and Murcia (16.2%).
In monthly terms, industrial prices rose 0.7% in June, leaving behind three consecutive months of declines due to higher electricity prices.