MADRID, 29 Jun. (EUROPA PRESS) -

The General Export Price Index of industrial products registered a year-on-year decrease of 1.9% last May, its biggest drop since July 2020, as reported on Thursday by the National Institute of Statistics (INE).

The export prices of industrial products went negative last April after 27 months of year-on-year increases.

The interannual drop in May was due to the behavior of the prices of intermediate goods, energy and non-durable consumer goods, in contrast to durable consumer goods, which raised their interannual rate by two points, to 7.8%, due to the increase in the cost of manufacturing household appliances.

Regarding the import prices of industrial products, these decreased by 4.9% year-on-year in May, their biggest drop since January 2021.

With the decrease in May, import prices have their third consecutive month of negative year-on-year rates after the falls of 0.5% and 3.7% registered in March and April, respectively.

This evolution was also influenced by energy, which cut its interannual rate by almost 2.5 points, to -28.4%, due to the lower price of coking plants and oil refining, as well as intermediate goods and non-consumer goods. durable.