Industrial prices rose 6.6% in February in relation to the same month of 2024, which represents about four more points at the rate recorded the previous month and the highest since February 2023, as reported on Tuesday the National Institute of Statistics (INE). With the year -on -year ascent in the second month of 2025, the inflation of the industrial sector adds four consecutive months of increases after having previously chained 20 months of negative rates.
The increase in industrial inflation in February was a consequence of the evolution of energy prices, which raised its interannual rate 13.8 points, up to 22.2%, for the increase in the production, transport and distribution of electricity and, to a lesser extent, of gas production, compared to the price decrease they experienced in February 2024.
The intermediate goods also contributed, which increased their interannual rate half point, to 0.6%, for the highest cost of manufacturing products for animal feed.
Excluding energy, industrial prices presented in February a rate of 0.0%, two tenths above January and 6.6 points higher than the general index.
In an intermensual rate (February on January), industrial prices rose 1.2%due to the increase in electric power production (+5.7%) and gas production (+1.6%), among other factors. On the decline side, in February the manufacture of oils and fats (-3.5%), dairy products (-0.6%) and glass (-1.7%) was cheaper.
Industrial inflation in February registered positive annual rates in all autonomous communities. The most pronounced advances in industrial prices, greater than the two digits, occurred in the Canary Islands (+48.9%), Asturias (+42.8%) and the Balearic Islands (+41.2%) and, at more than distance, La Rioja (+15.3%) and Madrid (+13%).
On the other hand, the most moderate growth rates of industrial prices correspond to Andalusia (+0.7%), Murcia (+1.4%), Extremadura (+1.8%) and Valencian Community (+2.3%).
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Industrial inflation shoots up to 6.6% in February, four points more than in January
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