MADRID, 25 Oct. (EUROPA PRESS) -

Industrial prices moderated their year-on-year growth in September to 35.6% due to lower energy costs and stagnated in relation to the previous month, as reported on Tuesday by the National Institute of Statistics (INE).

With the year-on-year rise in September, almost 7.5 points lower than that experienced in August, industrial prices chain 21 consecutive months of positive rates.

The moderation in the interannual rate of industrial prices registered in September is fundamentally due to energy, which cut its annual variation by almost 27.5 points, to 84.2%, due to the lower price of electricity production and refining oil, as well as intermediate goods, whose annual rate fell 1.5 points, to 18.6%, due to the lower rise in prices for the manufacture of chemical products and basic iron products compared to that experienced in September 2021.

In contrast, the prices of non-durable consumer goods raised their year-on-year rate by half a point in September, to 13.1%, due to the higher cost of processing and preserving meat and manufacturing meat products.

According to the INE, without counting energy, industrial prices showed a year-on-year rise of 14% last September, a rate four tenths lower than that of August and more than 21.5 points below the general rate.