MADRID, 30 Nov. (EUROPA PRESS) -

The General Index of Export Prices of industrial products registered an interannual increase of 12% last October, a rate four points lower than that of September, as reported on Wednesday by the National Institute of Statistics (INE).

It is the fourth consecutive month in which the interannual rate of export prices of industrial products moderates, which in previous months reached record growth in 16 years. That of October has been the least advance of this indicator since August 2021.

The interannual growth of October has been reduced compared to that of September due to the moderation of the rates of intermediate goods and energy, compared to the increase shown by capital goods, which raised their interannual rate eight tenths, up to 6, 4%, due to the higher cost of manufacturing motor vehicles.

In contrast, energy cut its interannual rate by almost 48 points, to 15.3%, due to cheaper oil refining and electricity production.

For their part, intermediate goods reduced their interannual rate by almost 2.5 points, to 14.4%, due to the drop in prices in the manufacture of basic iron products and in the production of precious metals.

Regarding the import prices of industrial products, these increased by 19.3% in October compared to the same month of 2021, a rate almost nine points lower than that of the previous month.

This evolution was also influenced mainly by intermediate goods and energy, which cut its interannual rate by almost 51 points, to 50.4%, due to lower prices in the extraction of crude oil and natural gas and in coke ovens and oil refining.