FRENCH MARKET: +0.5 % in March
In March, French producer prices in industry rose for the third consecutive month, at a similar rate of 0.5 %, following +0.7 % and +0.6 % in January and February, respectively. As in February, most of this increase can be attributed to higher prices for refined petroleum products, combined with a seasonal increase in food prices and a moderate rise in “other manufactured products” prices (+0.2 %).
Prices for refined petroleum products rose by 2.8 % (following +3.4 % in February and +5.1 % in January), consistently with the price for Brent crude (sourced from the North Sea), which had been rising since January : the price per barrel increased by 5.3 % in dollar terms in March (+5.5 % in euro terms), and by 15.2 % in dollar terms over the last three months (+14.7 % in euro terms).
The rise in food prices (+0.4 %, following +0.5 % in February) was mostly attributable to a seasonal increase in meat prices after the January sales, and was most notable for processed and preserved meat prices (+1.6 %). Price for prepared animal feeds moved up (+1.0 % for farm animals) in a context of higher cereals prices.
FOREIGN MARKETS: + 0.3 % in March
Producer prices of French industrial products sold on foreign markets increased by 0.3 % in March, as in February. This rise was also mainly attributable to higher prices for refined petroleum products.
ALL MARKETS: +0.4 % in March
In all markets, producer prices of French industrial products increased by 0.4 %, +3.1 % year-over-year.
Imported industrial products prices rose significantly in March (+1.0 % ), as in February and January (+0.8 % and +1.1 %, respectively), in a context of significant rises in oil prices and raw material prices.
February price indices have been markedly revised upwards, due to a correction of a mistake in the answer of an enterprise for petroleum products (cf. table “Revision of each index at total industry level” next page).
Total Industry price indices
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||Mar.12||In 1 month||In 1 year|
|(DE) Mining and quarrying, energy, water||130||136.2||0.2||7.4|
|CZ: Manufactured prod.||870||116.7||0.6||3.1|
|(C1) Food products, beverages, tobacco||188||111.7||0.4||3.0|
|(C2) Coke and refined petroleum products||70||178.1||2.8||13.6|
|(C3) Electrical & electronic equip., computers, mach.||92||110.6||0.3||0.8|
|(C4) Transport equipment||79||106.2||0.0||1.7|
|(C5) Other man. products||441||112.2||0.2||1.4|
|CZ: Manufactured prod.||s||108.4||0.3||1.8|
|(C1) Food products, beverages, tobacco||82||118.0||0.0||1.9|
|(C2) Coke and refined petroleum products||25||247.3||4.9||20.0|
|(C3) Electrical & electronic equip., computers, mach.||202||97.8||–0.2||0.8|
|(C4) Transport equipment||211||100.7||0.0||1.0|
|(C5) Other man. products||s||107.5||0.1||0.7|
|CZ: Manufactured prod.||s||113.8||0.5||2.6|
|(C1) Food products, beverages, tobacco||154||112.8||0.3||2.8|
|(C2) Coke and refined petroleum products||56||187.8||3.2||14.7|
|(C3) Electrical & electronic equip., computers, mach.||127||104.2||0.1||0.8|
|(C4) Transport equipment||121||103.2||0.0||1.3|
|(C5) Other man. products||s||110.6||0.2||1.2|
|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||Mar.12||In 1 month||In 1 year|
|CZ: Manufactured prod.||s||111.0||0.4||2.2|
|(C1) Food products, beverages, tobacco||69||128.3||0.5||3.1|
|(C2) Coke and refined petroleum products||41||180.9||3.8||12.9|
|(C3) Electrical & electronic equip., computers, mach.||210||94.0||0.1||–0.2|
|(C4) Transport equipment||133||101.5||–0.3||0.4|
|(C5) Other manufactured products||s||112.8||0.2||2.0|
|Revision of the monthly change (in %)|
|(1) Reading note: the evolution of the index between Jan.12 and Feb.12 published last month was equal to -0.5 %. It is updated to 0,8 %; that is to say a revision of +1.3 %.|
|Dec.11 / Nov.11||Jan.12 / Dec.11||Feb.12 / Jan.12|
|French producer prices in industry sold on:|
|- the French market||//||–0.1||–0.1|
|- the foreign markets||–0.2||//||–0.2|
|- all markets||–0.1||//||–0.1|
|Import prices of industrial products||//||//||+1.3(1)|
n° 112 - April 27, 2012
Industrial Producer and Import Price Indices - March 2012
Next issue May 31, 2013 08:45 - April 2013
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