MADRID, 26 Dic. (EUROPA PRESS) -

Industrial prices decreased by 7.4% in November compared to the same month in 2022, moderating by three tenths the decrease registered in October, as reported this Tuesday by the National Institute of Statistics (INE).

With the year-on-year decrease in November, inflation in the industrial sector has been experiencing negative rates for nine months after ending a period of 26 consecutive months of increases in March, in which it recorded double-digit positive rates for more than 20 years. months.

The evolution of industrial prices in November is due to the increase experienced by energy, which raised its rate by more than four tenths, to -23%, due to the decrease in the prices of gas production and distribution through gas pipelines. gaseous fuels is lower than that of November 2022.

The moderation of the industrial inflation rate in November was also influenced by non-durable consumer goods, whose rate decreased almost 1 point, to 7.5%, due to the stability of the prices of the manufacture of dairy products, compared to the increase in November of the previous year and, to a lesser extent, the increase in prices for the manufacture of vegetable and animal oils and fats, lower than that of 2022.

On a monthly basis (November over October), industrial prices fell 2%. November was the largest monthly decline in industrial prices since last March, when they decreased by 2.5%.

Energy was the sector driving this monthly decline in industrial prices, registering a decrease of 6.4% due to the lower cost of oil refining and the production of gas and electrical energy.