Export Price Index (IPRIX) and Import Price Index (IPRIM) of Industrial Products. Base 2021

The annual rate for the Export Price Index (IPRIX) in January was -1.1%, three tenths over that recorded in December of the previous year.

Among the more notable industrial sectors with a positive influence on the evolution of the annual rate of the IPRIX by economic use of the goods were:

• Capital goods, whose annual variation of 1.3%, 0.7 points higher than the previous month's, was caused by higher prices in Motor vehicle manufacturing, which was higher than in January 2025.
• Intermediate goods, whose rate rose by four tenths, to 0.2%, due prices of Production of basic precious and other non-ferrous metals and, to a lesser extent, Mining of non-ferrous metal ores rising higher than in the same month in 2025.

Also noteworthy, although in the opposite direction, is the decrease in the prices of the Manufacture of basic chemical products, nitrogenous compounds, fertilisers, plastics and synthetic rubber in primary forms, which had risen last January.

The annual variation of the general index excluding Energy increased by three tenths, to 0.0%, standing nearly 1.1 points above that of the general IPRIX. 

The Industrial Price Index for the domestic and foreign markets, which is obtained as an aggregation of the IPRI and the IPRIX, increased its annual rate by two tenths of a percentage point in January, to -2.3%. As for the annual variation of the general index without Energy, it increased by one tenth, to 0.5%.

The Import Price Index (IPRIM) recorded an annual rate of -4.1% in January, one tenth lower than in December.

By economic use, among the more notable industrial sectors with a negative influence on the variation of the annual rate of the IPRIM was:

• Energy, with its annual rate falling 0.8 points to -15.8%. This change was the result of lower prices for Coke ovens and oil refining, which had risen in the same month of the previous year, and higher prices for Crude oil and natural gas extraction, which were lower than in January 2025

On the other hand, the industrial sectors which had a positive influence worth noting are:

• Intermediate goods, with a variation of -1.2%, four tenths of a percentage point higher than in December, due to higher prices of Metallurgy; manufacture of iron, steel and ferro-alloy products, compared with the fall in January of the previous year. Another reason for this variation, though to a lesser extent, was the increase in the prices of Food industry, higher than in January 2025.

The annual variation rate of the overall index excluding Energy increased one tenth, to -1.3%, which is 2.8 points above the rate of the general IPRIM.

In January, the monthly variation of the Import Price Index was 0.6%.

A more detailed analysis shows the activities that most affected the monthly IPRIM rate in January.