In December 2015, fall in of producer prices in industryIndustrial Producer and Import Price Indices - December 2015
On all markets (French market and foreign markets), prices declined anew in December 2015 (-1.1%) following three months of virtually stability. Year over year, they decreased by 2.2%, mainly due to slumping prices for refined petroleum products (-28.0%).
Producer prices in French industry: −1.1% in December
On all markets (French market and foreign markets), prices declined anew in December 2015 (−1.1%) following three months of virtually stability. Year over year, they decreased by 2.2%, mainly due to slumping prices for refined petroleum products (−28.0%).
FRENCH MARKET: −1.2%
In December 2015, French producer prices in industry for the French market dropped (−1.2% following +0.2% in November). Prices decreased both in mining and quarrying industry, energy and water and in manufactured industry.
Prices for refined petroleum products plumetted
In December, prices for refined petroleum products declined considerably (−16.5%) after a slighter fall over the last three months (+0.3% in November, −2.4% in October and −1.7% in September). The index hit its lowest level since March 2009. The fall concerned all kinds of refined petroleum products, mainly gas oil and heavy fuel oil. Year over year, prices for refined petroleum products slumped (–28.8%).
Prices for other energy products slided
Prices for mining and quarrying products, energy, water fell back (−1.6% in December following +1.2% in November), owing to mild temperatures and to sustained offer of electricity. Prices on the electricity wholesale market and gas prices continued to drop.
Food prices fell
In December, food prices declined again (−0.2% after −0.3% in November). By products, the changes prices ranged from −1.1% for oils and fats to +0.4% for processed and preserved fish.
Prices for other manufactured products declined slightly
Prices for other manufactured products declined in December as in November (−0.2%). The drop in prices for main industrial products (basic metals products, rubber products and chemical products) was partially offset by the seasonal rise in prices for textile industry products, in connexion with the initial release of summer collections.
FOREIGN MARKETS: −0.8%
Producer prices of French industrial products sold on foreign markets fell back in December (−0.8% following +0.1% in November). They dipped above all for energy and refined petroleum products.
Import price indices of industrial products: −1.7% in December
In December, import prices dropped clearly (−1.7% after +0.1% in November), driven down by coke and petroleum products. Prices decreased in all the main industrial sectors, except for electrical and electronic equipments and agri-food products, whose prices remained stable or practically stable.
tableau Tableau1 – French Producer Price Indices in industry according to the market where the products are sold:
|Change in %|
|Levels A 10 and A 17 in CPF rev. 2, 2008||Weight||Dec.15||In 1 month||In 1 year|
|(DE) Mining and quarrying, energy, water||194||111.5||–1.6||–3.0|
|CZ: Manufactured prod.||806||100.5||–1.1||–2.7|
|(C1) Food products, beverages, tobacco||186||108.1||–0.2||–0.4|
|(C2) Coke and refined petroleum products||56||65.8||–16.5||–28.8|
|(C3) Electrical & electronic equip., computers, mach.||72||101.2||–0.1||–0.8|
|(C4) Transport equipment||111||103.9||–0.1||0.3|
|(C5) Other man. products||380||100.7||–0.2||–1.6|
|(DE) Mining and quarrying, energy, water||32||89.3||–7.2||–6.8|
|CZ: Manufactured prod.||968||102.4||–0.6||–0.4|
|(C1) Food products, beverages, tobacco||122||113.7||–0.6||1.5|
|(C2) Coke and refined petroleum products||26||68.7||–10.2||–22.5|
|(C3) Electrical & electronic equip., computers, mach.||180||100.0||–0.3||0.7|
|(C4) Transport equipment||169||105.2||0.0||0.7|
|(C5) Other man. products||471||101.3||–0.5||–0.7|
|(DE) Mining and quarrying, energy, water||155||110.4||–1.9||–3.2|
|CZ: Manufactured prod.||845||100.6||–1.0||–2.1|
|(C1) Food products, beverages, tobacco||171||109.2||–0.2||0.0|
|(C2) Coke and refined petroleum products||49||65.7||–15.8||–28.0|
|(C3) Electrical & electronic equip., computers, mach.||98||99.7||–0.1||–0.2|
|(C4) Transport equipment||125||104.5||0.0||0.5|
|(C5) Other man. products||402||100.8||–0.3||–1.3|
tableau Tableau2 – Import prices of industrial products
|Change in %|
|Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008||Weight||Dec.15||In 1 month||In 1 year|
|CZ: Manufactured prod.||s||98.1||–0.9||–2.1|
|(C1) Food products, beverages, tobacco||71||111.7||0.1||–0.3|
|(C2) Coke and refined petroleum products||53||64.7||–16.3||–27.3|
|(C3) Electrical & electronic equip., computers, mach.||225||97.2||0.0||0.7|
|(C4) Transport equipment||147||98.1||–0.3||–1.5|
|(C5) Other manufactured products||s||101.1||–0.3||–1.4|
- r: updated ; nd: non available ; s: confidential
- Source: INSEE
tableau Tableau3 – Revision of each index at total industry level
|Sep.15 / Aug.15||Oct.15 / Sep.15||Nov.15 / Oct.15|
|French producer prices in industry sold on:|
|- the French market||//||–0.1||+0.1|
|- the foreign markets||–0.1||//||+0.1|
|- all markets||//||+0.1||//|
|Import prices of industrial products||–0.1||–0.1||–0.1|
- Reading note: the change of the index on French market between Oct.15 and Nov.15 has been revised by 0,1 points: published at the end of December equal to 0,1%, it has been updated to 0,2%.