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

The annual rate for the Export Price Index (IPRIX) in April was 1.3%, 1.2 points below that recorded in March.

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

• Energy, which had an annual variation of 9.9%, resulting in a 17.9 points drop from March. This behaviour was due to falling prices in Manufacture of petroleum, as opposed to the rise in April 2024, and by the prices in Electric power generation, transmission and distribution falling more than that of the same month last year.
• Intermediate goods, whose annual rate stood at -0.2%, 1.4 points below that of the previous month, was mainly the result of lower prices in the Production of basic precious and other non-ferrous metals, which increased in the previous April.

The annual variation of the general index excluding Energy decreased by six tenths, to 0.4%, standing nearly nine tenths below that of the general IPRIX.

The Industrial Price Index of the domestic and foreign market, which is obtained as an aggregation of the IPRI and the IPRIX, fell in terms of its annual rate by 2.2 points in April to 1.8%. As for the annual variation of the general index without Energy, it decreased by two tenths, to 0.1%.

The Import Price Index (IPRIM) recorded an annual rate of -1.1% in April, 3.1 points lower than in March.

By economic use, all industrial sectors had a negative influence on the variation of the annual rate of the IPRIM. Among these, worth noting were:

• Energy, whose annual rate decreased by 12.0 points to stand at -6.9%, due to the decrease in the prices of the Extraction of crude petroleum and natural gas, and, to a lesser extent, the Manufacture of coke and refined petroleum products, which increased in the same month in 2024.
• Intermediate goods, with a variation of 0.1%, down 1.7 points from the previous month, as a result of the decrease in prices in Extraction of metal ores and, to a lesser extent, Metallurgy; manufacture of iron, steel and ferroalloy products, compared to the increase in April 2024.

The annual variation rate of the overall index excluding Energy decreased one point, to 0.3%, which is 1.4 points above the rate of the general IPRIM.

In April, the monthly variation of the Import Price Index was -2.2%.

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