Press Release: Industrial Price Index. 2021 Baseline. May 2025. Provisional data.

Main results

The annual variation of the Industrial Price Index decreased 1.6 points in May, to 0.0%.
The monthly rate of industrial prices was -0.7%.

More information

Annex of tables (includes information from the Autonomous Communities)
Detailed monthly results
Annual averages

The annual rate of the general Industrial Price Index (IPRI) was 0.0% in May, 1.6 points lower than that recorded in April.

By the economic use of the goods, among the industrial sectors that had a notably negative effect on the annual rate of the General IPRI were:

Energy, whose variation decreased by 5.0 points to stand at -0.4%. This evolution was caused by the decrease in prices for the Production, transportation and distribution of electrical energy and, to a lesser extent, for Gas production; pipeline distribution of gaseous fuels, which increased in May 2024.

Also noteworthy, although in the opposite direction, was the decrease in the prices of Refined petroleum products, which decreased less than in the same month last year

Non-durable consumer goods, with an annual rate of -1.7%, four tenths of a percentage point lower than in May, due to the decrease in Manufacture of vegetable and animal oils and fats prices, compared with the increase in May of the previous year
Intermediate goods, with a rate of -0.3%, down by four tenths of a percentage point, as a result of a decrease in the prices of the Production of basic precious and other non-ferrous metals, whereas they had increased in the same month of 2024.

The annual variation rate of the general index excluding Energy decreased by three tenths of a percentage point, to -0.4%, placing it four tenths below of the general IPRI.

Annual evolution of the IPRI

General index and general index without Energy. Percentage

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Monthly evolution of industrial prices

In May, the monthly variation rate of the general IPRI was -0.7%.

A more detailed analysis shows the activities that most affected the monthly rate of the IPRI in May.

Activities with the greatest positive contribution to the monthly rate of the IPRI. May 2025

Activities with the greatest negative impact on the monthly rate of the IPRI. May 2025

Results by Autonomous Communities. Annual variation rates

In May, the IPRI recorded positive annual variations in 12 regions, negative variations in four, and remained stable in the remaining one.

The highest rates were in Canarias (11.4%), Illes Baleares (10.1%) and Principado de Asturias (9.1%).

In contrast, Andalucía (-8.9%), Región de Murcia (-4.9%) and Castilla-La Mancha (-3.0%), registered the lowest annual rates.

Annual variation rates of the IPRI by Autonomous Community. May 2025

Percentage

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Data revisions and updates

The INE has today updated the IPRI data for the last three months, making the February 2025 data final. All the results of this operation are available at INEBase.

In accordance with the Commission's Delegated Regulation (EU) 2023/137, the INE has begun to work on incorporating the new National Classification of Economic Activities CNAE-2025 in all its statistical operations.

In the case of the IPRI, the first publication of results with CNAE-2025 will take place in February 2028.

Methodological note

The Industrial Price Index (IPRI) is a short-term indicator that measures the monthly evolution of the prices of industrial products manufactured and sold in the domestic market, in the first step of their commercialization, that is, the sales prices at the exit of factory, excluding transportation and marketing costs and VAT invoiced.

Type of survey:: continuous monthly survey.
Base year:: 2021.
Reference period of the weightings:: the year preceding the current year.
Population scope:: industrial establishments.
Sample size:: 9,200 industrial establishments and 1,400 items
Number of observations:: approximately 29,000 monthly prices.
General calculation method:: Laspeyres’ Chain Index.
Collection method:: internet (IRIA system), e-mail, fax, telephone or postal mail.

For more information, you can access the methodology and the standardised methodological report.

INE statistics are produced in accordance with the Code of Good Practice for European Statistics. More information on Quality at INE and the Code of Best Practices.