The prices of the “pharmacy” industry in Spain will begin to increase by 2.9% in 2023

Production costs in the pharmaceutical industry will begin in March 2023. Sector Industrial Price Index (Ipri) Pharmacy The latest data published this Friday by the National Institute of Statistics (INE) shows that in January 2023 it increased by 2.9% year-on-year.

The January data is higher than the December 2022 record when the pharmaceutical industry Ipri in Spain returned by 2.4%. In fact, the figures for the first month of 2023 are the same as last year’s September, October and November.

The pharmaceutical industry Ipri recorded a price increase in the production of basic pharmaceutical products, which in January recorded an increase of 6.6% compared to the same period last year. on the other hand, The price of special pharmaceutical products increased by 2.3% Compared to January 2022.

In January 2023, the annual rate of the general Ipri stood at 8.2%inflation was 6.7% lower than in December, which strengthened the moderation path that started in late summer as lower energy prices.

Industrial inflation extended its decline for five consecutive months in January.Thus, far away rates were expected to be far away 40% in the spring and a good part of the summer 2022. By making the economic destination between goods, among the industrial sectors that have a negative impact on the evolution. The annual price from the general Ipri, energy stands out, the difference is twenty points, to 3.3%, and intermediate goods fell, the amount fell to two and a half points and stood at 8.8%.

In all autonomous communities, the annual rate of Ipri decreased in December. The biggest declines occurred in the Balearic Islands and the Canary Islands, where rates fell by 12.7 points and 11.1 points respectively. On the other hand, Cantabria and Catalonia are the communities where the annual rate decreases the least, with 3.7 points lower in the former and 4.2 points lower in the latter.

Coinciding with today’s publication, INE has updated the Ipri series data with the previous three months, which will be final in September 2022.

Ipri is a short-term indicator that measures the monthly evolution of industrial products produced and sold in the domestic market, at the initial stage of trading, that is, Ex-factory sales pricesExcluding transport and handling costs and VAT.

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