Press Release: Export Price Index (IPRIX) and Import Price Index (IPRIM) of Industrial Products. Base 2021. December 2025. Provisional data.

Main results

The annual rate of the IPRIX stood at -1.4% in December, the same recorded for the month of November.
The annual variation of the IPRIM was –4.0%, eight tenths lower than the previous month.

More information

Annual evolution of export prices

The annual rate for the Export Price Index (IPRIX) in December was -1.4%, the same recorded for the month of November.

Among the industrial sectors that had a negative influence on the evolution of the annual rate of the IPRIX by economic use of the goods, the following stands out:

Energy, which posted an annual rate of -18.8%, 1.6 points lower than in November, as a result of lower Oil refinery prices, which were higher than in December 2024.

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

Intermediate goods, whose variation rose by five tenths, to -0.2%, due prices of Production of basic precious and other non-ferrous metals rising higher than in the same month in 2024.

The annual variation of the general index excluding Energy increased by one tenth, to -0.3%, standing nearly 1.1 points above that of the general IPRIX.

Annual evolution of the IPRIX

General index and general index without Energy. Percentage

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        "Jan-24",
        "Feb-24",
        "Mar-24",
        "Apr-24",
        "May-24",
        "Jun-24",
        "Jul-24",
        "Aug-24",
        "Sep-24",
        "Oct-24",
        "Nov-24",
        "Dec-24",
        "Jan-25",
        "Feb-25",
        "Mar-25",
        "Apr-25",
        "May-25",
        "Jun-25",
        "Jul-25",
        "Aug-25",
        "Sep-25",
        "Oct-25",
        "Nov-25",
        "Dec-25"
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    "values": [
        [
            "-0.5",
            "-2.0",
            "-2.1",
            "-1.3",
            "-0.4",
            "0.0",
            "0.9",
            "0.8",
            "-0.5",
            "0.1",
            "2.0",
            "2.0",
            "2.5",
            "3.7",
            "2.5",
            "1.2",
            "0.6",
            "0.6",
            "0.1",
            "-0.2",
            "-0.1",
            "-0.1",
            "-1.4",
            "-1.4"
        ],
        [
            "0.1",
            "-0.1",
            "-0.3",
            "0.4",
            "0.8",
            "0.8",
            "1.3",
            "1.0",
            "0.7",
            "0.9",
            "1.1",
            "1.0",
            "1.2",
            "1.4",
            "1.0",
            "0.4",
            "0.2",
            "-0.1",
            "-0.3",
            "0.1",
            "0.1",
            "-0.2",
            "-0.4",
            "-0.3"
        ]
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Evolution of industrial prices, combining domestic and foreign markets

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 four tenths in December to -2.5%. Meanwhile, the annual variation of the general index without Energy increased by three tenths, to 0.4%.

Annual evolution of the IPRI+IPRIX

General index and general index without Energy. Percentage

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        "Jan-24",
        "Feb-24",
        "Mar-24",
        "Apr-24",
        "May-24",
        "Jun-24",
        "Jul-24",
        "Aug-24",
        "Sep-24",
        "Oct-24",
        "Nov-24",
        "Dec-24",
        "Jan-25",
        "Feb-25",
        "Mar-25",
        "Apr-25",
        "May-25",
        "Jun-25",
        "Jul-25",
        "Aug-25",
        "Sep-25",
        "Oct-25",
        "Nov-25",
        "Dec-25"
    ],
    "values": [
        [
            "-2.8",
            "-6.2",
            "-6.3",
            "-5.1",
            "-3.2",
            "-2.1",
            "-0.7",
            "-0.6",
            "-3.6",
            "-2.5",
            "1.4",
            "2.2",
            "2.5",
            "5.8",
            "4.0",
            "1.5",
            "0.2",
            "0.9",
            "0.3",
            "-1.2",
            "0.2",
            "0.6",
            "-2.1",
            "-2.5"
        ],
        [
            "0.2",
            "0.0",
            "-0.1",
            "0.2",
            "0.5",
            "0.8",
            "1.1",
            "0.8",
            "0.5",
            "0.6",
            "0.5",
            "0.3",
            "0.3",
            "0.5",
            "0.3",
            "0.1",
            "-0.2",
            "-0.5",
            "-0.4",
            "-0.1",
            "0.0",
            "-0.1",
            "0.1",
            "0.4"
        ]
    ],
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Monthly evolution of export prices

In December, industrial export prices recorded a monthly rate of 0.1%, as compared to the month of November.

A more detailed analysis shows the activities that most affected the monthly IPRIX rate in the month of December.

Activities with the greatest positive impact on the monthly rate of the IPRIX. December 2025

Activities with the greatest negative impact on the monthly rate of the IPRIX. December 2025

Annual evolution of import prices

The Import Price Index (IPRIM) recorded an annual rate of -4.0% in December, eight tenths lower than in November.

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 variation fell 1.9 points to stand at -15.0%, due to lower prices in the Extraction of crude petroleum and natural gas, which had increased in the same month in 2024.
Non-durable consumer goods, whose -2.7% rate, 1.2 points below that of November, was due to lower prices in the Manufacture of pharmaceutical products, and to a lesser extent, Food industry, which had increased in December 2024.

The annual variation rate of the overall index excluding Energy decreased by six tenths, to -1.4%, which places it 2.6 points above the general IPRIM rate.

Annual evolution of the IPRIM

General index and general index without Energy. Percentage

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        "Jan-24",
        "Feb-24",
        "Mar-24",
        "Apr-24",
        "May-24",
        "Jun-24",
        "Jul-24",
        "Aug-24",
        "Sep-24",
        "Oct-24",
        "Nov-24",
        "Dec-24",
        "Jan-25",
        "Feb-25",
        "Mar-25",
        "Apr-25",
        "May-25",
        "Jun-25",
        "Jul-25",
        "Aug-25",
        "Sep-25",
        "Oct-25",
        "Nov-25",
        "Dec-25"
    ],
    "values": [
        [
            "-6.3",
            "-4.2",
            "-2.5",
            "-0.7",
            "0.7",
            "1.9",
            "2.0",
            "1.0",
            "-1.0",
            "-0.1",
            "0.8",
            "2.3",
            "3.5",
            "3.8",
            "2.0",
            "-1.1",
            "-1.8",
            "-2.2",
            "-2.4",
            "-2.4",
            "-1.7",
            "-2.5",
            "-3.2",
            "-4.0"
        ],
        [
            "-2.2",
            "-2.0",
            "-1.8",
            "-0.9",
            "-0.4",
            "-0.1",
            "0.3",
            "0.2",
            "-0.2",
            "0.2",
            "0.9",
            "1.6",
            "2.0",
            "1.8",
            "1.3",
            "0.3",
            "-0.2",
            "-0.5",
            "-0.7",
            "-0.4",
            "-0.2",
            "-0.3",
            "-0.8",
            "-1.4"
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Monthly evolution of import prices

In December, the monthly variation of the Import Price Index was -0.3%.

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

Activities with the greatest positive impact on the monthly rate of the IPRIM. December 2025

Activities with the greatest negative impact on the monthly rate of the IPRIM. December 2025

Data revisions and updates

The INE has updated the IPRIX and IPRIM data for the last three months, making the September 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 IPRIX and IPRIM, the first publication of results with CNAE-2025 will take place in February 2028.

Methodological note

The Export Price Index (IPRIX) is a short-term indicator that measures the monthly evolution of the prices of industrial products manufactured in the domestic market and sold in the foreign market.

On the other hand, the Import Price Index (IPRIM) is a short-term indicator that measures the monthly evolution of the prices of industrial products from the rest of the world.

In order to obtain them, a continuous monthly survey is conducted, which every month investigates industrial establishments that carry out operations in the foreign market.

Type of survey:: monthly continuous survey.
Base year:: 2021.
Reference period of the weightings:: the year preceding the current year.
Population scope:: industrial establishments.
Sample size:: 4,100 industrial establishments for the IPRIX and 5,200 for the IPRIM.
Number of observations:: In the IPRIX approximately 15,000 monthly prices of 1,700 products and in the IPRIM about 19,000 prices of 2,100 products.
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 methodologies (IPRIX and IPRIM) 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.