Press section / The Industrial Price Index (IPRI)

Description

The Industrial Price Index (IPRI) measures the monthly development of the price of manufactured and sold products in the domestic market, during the first step of its commercialisation. The IPRI covers the sales prices coming out of the factory obtained by industrial establishments in the transactions which are carried out, excluding transport and commercialisation costs and VAT invoiced.

The index coverage extends to all industrial sectors, except construction. Therefore, extractive, manufacturing and production industries, distribution of electrical energy, water and gas are investigated.

To obtain this a continuous survey is carried out, which investigates 8,868 industrial establishments every month. The IPRI takes data for 1,469 products, which is in turn broken down into 27,871 subvarieties. The information collected consists of current prices on the 15th day of each month.

Base 2005 and adaptation to the new classification of activities

The first base 2005 IPRI data is published with reference to the month of January 2009. The change to base 2005 implies updates to weightings, updating the basket of representative products and the updating of the panel of informant units.

In addition, as of January 2009, the industrial price indices have adapted to the new National Classification of Economic Activities (NCEA-2009). In order to provide continuity to the historical data series, the INE has linked information published with base 2000.

The methodology of the IPRI is fully harmonised with that of European Union countries.

Base 2005 weightings

The IPRI weightings have been calculated in agreement with the importance of activity branches (according to the value of its turnover) and products (according to the production value).