The prices of industrial exports moderate their rise in August to 18.4%, but those of imports rise

MADRID, 30 Sep. (EUROPA PRESS) -

The General Index of Export Prices of industrial products registered an interannual increase of 18.4% last August, a rate more than half a point lower than that of July, as reported this Friday by the National Institute of Statistics (INE) .

This is the second consecutive decline recorded by the interannual rate of export prices for industrial products after July. Until then, this indicator accumulated 20 months of rises, with increasingly higher rates, even reaching record figures in 16 years.

The interannual figure for August has decreased compared to that of July due to the moderation in the rates of intermediate goods and energy, compared to the increase shown by capital goods, which raised their interannual rate three tenths, to 5, 2%, due to the higher cost of manufacturing motor vehicles.

On the other hand, energy reduced its interannual rate by more than two points, to 104.5%, due to the lower price of oil refining, while intermediate goods reduced its interannual rate by almost two points, to 17.8%, due to the drop in prices in the manufacture of basic iron and chemical products.

For their part, the import prices of industrial products increased by 30.2% in August compared to the same month of 2021, a rate nine tenths higher than that of the previous month.

This evolution was mainly influenced by capital goods and energy, which increased its interannual rate by six points, to 114.6%, due to the higher cost of extracting crude oil and natural gas.