Industrial export prices moderate their rise in July to 18.9% after 20 months of climbing

MADRID, 30 Ago. (EUROPA PRESS) -

The General Index of Export Prices of industrial products registered an interannual increase of 18.9% last July, a rate almost three points lower than that of June, as reported on Tuesday by the National Institute of Statistics (INE).

It is the first decrease registered by the interannual rate of the export prices of industrial products after 20 months chaining increasingly higher rates, which led this indicator to record figures in 16 years in recent months.

The interannual figure for July has decreased compared to June due to the moderation in the rates of intermediate goods, energy and capital goods, compared to the increase shown by non-durable consumer goods, which raised their interannual rate more of one point, up to 12.9%, due to the higher cost of meat products.

On the other hand, energy reduced its interannual rate by more than 29 points, to 106.1%, due to the lower price of oil refining and, to a lesser extent, of the production, transport and distribution of electrical energy. Likewise, intermediate goods reduced their interannual rate almost four points, to 19.2%, and capital goods registered a rate seven tenths lower than in June due to the fact that the prices of the manufacture of motor vehicles increased by less than one year before.

For their part, the import prices of industrial products increased by 29.2% compared to July 2021, a rate more than one point lower than that of the previous month.

This evolution was mainly influenced by intermediate goods and energy, which moderated its interannual rate by almost 9.5 points, to 108.8%, due to the lower cost of coking plants and oil refining.