FRENCH MARKET: +0.4 % in November
In November, French producer prices in industry increased by 0.4 %, following +0.5 % in October. Manufactured products (including refined petroleum products), and mining and energy prices, increased by 0.4 % and 0.5 %, respectively. Except for refined petroleum products and electricity, French producer prices in industry were unchanged.
In a context of higher Brent crude (sourced from the North Sea) prices, heightened by the euro depreciation against the US dollar (+3.3 % in euro, +2.2 % in US dollar), prices of refined petroleum products increased by 3.4 % in November (+0.4 % in October).
Electricity prices recorded a seasonal increase for the third consecutive month (+0.6 % in November, following +4.3 % and +0.6 % in October and September, respectively).
The stabilization of “other manufactured products” prices (-0,1 %) is attributable to very moderate price increases, notably in repair and installation services (+0.2 %), and to a slight decline in chemical products, and basic metals and metal products prices (-0.3 % and -0.4 %, respectively), linked to the movement of raw material prices (nickel, aluminium, hydrocarbons, ... )
Food prices were unchanged (+0.1 %, following +0.3 % in October). This movement is attributable to seasonal and significant increases in meat prices (+2.5 % for processed and preserved meat) and a decline in prepared animal feeds (-1.5 %), linked to the decline in cereal prices.
FOREIGN MARKETS: + 0.2 % in November
Producer prices of French industrial products sold on foreign markets increased slightly by 0.2 %, following +0.1 % in October. Overall, prices of manufactured products were unchanged : the significant increase in refined petroleum products prices (+3.6 %) was offset by a decline in “other manufactured products” prices (–0.4 %), most notably basic metals (-1.2 %), linked to the nickel price.
ALL MARKETS: +0.3 % in November
On all markets, producer prices of French industrial products increased by 0.3 %, following +0.4 % in October. The year-over-year increase was +4.8 % in November, after + 5.1 % in October .
Imported industrial products prices increased by 0.5 %, following a decline in October (-0.3 %). These higher import prices were mainly attributable to an increase in crude oil and petroleum products prices, while the other manufactured products prices declined.
Total Industry price indices
Source : INSEE
Producer price indices of manufactured products sold on the french market
Import price indices of manufactured products
|base and reference year: 2005|
|Change in %|
|Levels A 10 and A 17 in CPF rev. 2, 2008||Weight||Nov.11||In 1 month||In 1 year|
|(DE) Mining and quarrying, energy, water||130||135,0||0,5||7,5|
|CZ: Manufactured prod.||870||114,6||0,4||5,3|
|(C1) Food products, beverages, tobacco||188||110,7||0,1||5,4|
|(C2) Coke and refined petroleum products||70||160,0||3,4||27,1|
|(C3) Electrical & electronic equip., computers, mach.||92||110,7||0,0||1,9|
|(C4) Transport equipment||79||107,0||0,1||2,8|
|(C5) Other man. products||441||111,1||–0,1||2,4|
|CZ: Manufactured prod.||s||106,9||0,0||2,9|
|(C1) Food products, beverages, tobacco||82||117,7||0,0||5,9|
|(C2) Coke and refined petroleum products||25||209,4||3,6||25,2|
|(C3) Electrical & electronic equip., computers, mach.||202||97,4||0,2||1,8|
|(C4) Transport equipment||211||100,2||0,1||0,5|
|(C5) Other man. products||s||106,7||–0,4||1,9|
|CZ: Manufactured prod.||s||111,9||0,3||4,5|
|(C1) Food products, beverages, tobacco||154||111,9||0,1||5,5|
|(C2) Coke and refined petroleum products||56||166,9||3,5||26,8|
|(C3) Electrical & electronic equip., computers, mach.||127||104,0||0,1||1,8|
|(C4) Transport equipment||121||103,2||0,1||1,5|
|(C5) Other man. products||s||109,7||–0,2||2,3|
|base and reference year: 2005|
|r: updated ; nd: non available ; s : confidential|
|Change en %|
|Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008||Weight||Nov.11||In 1 month||In 1 year|
|CZ: Manufactured prod.||s||109,6||0,1||3,9|
|(C1) Food products, beverages, tobacco||69||126,8||0,4||7,2|
|(C2) Coke and refined petroleum products||41||161,9||2,7||26,1|
|(C3) Electrical & electronic equip., computers, mach.||210||93,2||–0,2||–1,6|
|(C4) Transport equipment||133||101,5||–0,1||0,9|
|(C5) Other manufactured products||s||112,3||–0,1||3,9|
|Revision of the monthly change (in %)|
|(1) Reading note: the evolution of the index between Sep.11 and Oct.11 published last month was equal to 0 %. It is updated to +0,1 %; that is to say a revision of +0,1 %.|
|Aug.11 / Jul.11||Sep.11 / Aug.11||Oct.11 / Sep.11|
|French producer prices in industry sold on:|
|- the French market||//||//||//|
|- the foreign markets||//||//||+0,1(1)|
|- all markets||//||//||//|
|Import prices of industrial products||//||//||–0,1|
n° 314 - December 23, 2011
Industrial Producer and Import Price Indices - November 2011
Next issue April 30, 2014 08:45 - March 2014
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