MADRID, 23 Dic. (EUROPA PRESS) -

Industrial prices moderated their year-on-year growth in November to 20.7% due to lower energy costs and fell by 2.2% in relation to the previous month, as reported this Friday by the National Institute of Statistics (INE).

With the year-on-year rise in November, almost 4.5 points lower than that experienced in October, inflation in the industrial sector has posted 23 consecutive months of positive rates.

The moderation in the interannual rate of industrial prices registered in November is mainly due to energy, which cut its annual variation by almost 12 points, to 38.6%, due to lower prices in electricity production and oil refining , as well as intermediate goods, whose annual rate fell by more than 2.5 points, to 13.2%, due to the lower cost in the manufacture of basic chemical products and iron products.

In contrast, the prices of non-durable consumer goods increased their interannual rate three tenths in November, up to 14.5%, due to the increase in the cost of manufacturing dairy products.

According to the INE, without counting energy, industrial prices showed a year-on-year rise of 12.1% last November, a rate 1.1 points lower than that of October and more than 8.5 points below the general rate .