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Both producer prices and import prices rose again

Producer price indices in French industry

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 again

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).

Food prices moved up significantly

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.

Import prices indices of industrial products : +1.0 % in March

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

Total Industry price indices

Producer price indices of manufactured products sold on the french market

Producer price indices of manufactured products sold on the french market

Import price indices of manufactured products

Import price indices of manufactured products
French Producer Price Indices in industry according to the market where the products are sold:
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
French market
BE:TOTAL INDUSTRY 1000 119.2 0.5 3.7
(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
Foreign markets
BE:TOTAL INDUSTRY 1000 109.0 0.3 1.7
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
All markets
BE:TOTAL INDUSTRY 1000 116.0 0.4 3.1
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
Import prices of industrial products
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
BE:TOTAL INDUSTRY 1000 122.7 1.0 4.8
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 each index at total industry level
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)

Informations Rapides

n° 112 - April 27, 2012

Industrial Producer and Import Price Indices - March 2012

Next issue June 28, 2013 08:45 - May 2013

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