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Significant decline in industrial prices on the French market

Producer price indices in French industry

FRENCH MARKET: –1.2 % in May

In May, French producer prices in industry fell significantly again (–1.2 % as in April). Prices for refined petroleum products decreased less markedly than in the previous month (–1.5 % following –5.2 %), but prices for electricity, gas, steam and air conditioning dropped considerably for the second month in a row (–5.3 % following –4.5 %), and prices for "other manufactured products" dipped (-0.5 %), following three months of almost no change.

Prices for refined petroleum products dropped again

In May, the decline in prices for refined petroleum products, which had started in March, slowed down considerably. The price for Brent crude sourced from the North Sea fell significantly less rapidly in May than in April, in Euro terms (–0.4 % following –5.9 %) as well as in dollar terms (–0.8 % following –5.3 %).

Electricity prices, which are marked by the seasonality of the winter and summer rates, declined sharply again in May (–5.2 % following –6.0 % in April)

Food prices stabilized...

Food prices, which had slipped slightly in April, were almost unchanged in May (+0.1 % following –0.2 %). Prices for dairy products, which had decreased in April (–0.7 %), moved up slightly (+0.4 %). Meat prices rose again (+0.2 % ), while the fall in prices for sugar manufacturing slowed down (–0.3 % following –1.1 %).

...while prices for "other manufactured products" declined.

Prices for "other manufactured products" dipped (–0.5 %), following three months of stabiliby, due to the drop in prices for chemical and pharmaceutical products (–2.9 % and –1.2 %, respectively).

FOREIGN MARKETS: –0.6 % in May

Producer prices of French industrial products sold on foreign markets slipped for the second month in a row (–0.6 % in April as in May). As in April, prices for refined petroleum products decreased (–2.1 % following –2.9 %), but the fall was also significant in prices for electrical and electronical equipment (–0.5 %) and for "other manufactured products" (–0.5 %), and most notably for chemical products (–1.6 %).

ALL MARKETS: –1.0 % in May

On all markets, prices decreased significantly for the second month in a row (–1.0 % following –1.0 %). Year over year, prices were stable overall (–0.1 %): food prices increased strongly (+3.3 %), prices for "other manufactured products" dipped (–1.0 %), and prices for refined petroleum products fell sharply (–8.1 %).

Import price indices of industrial products: –0.2 % in May

Import prices dropped slightly in May (–0,2 %), after having significantly fallen in April (–1.2 %). Prices for "other manufactured products" declined again (–0.7 % following –0.5 % in April), buying prices for products from extractive industries and for refined petroleum products leveled off (+0.2 % and +0.0 % respectively).

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:
reference year: 2010
Change in %
Levels A 10 and A 17 in CPF rev. 2, 2008 Weight May 13 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 107.2 –1.2 –0.1
(DE) Mining and quarrying, energy, water 226 108.2 –4.0 –0.1
CZ: Manufactured prod. 774 106.9 –0.4 –0.2
(C1) Food products, beverages, tobacco 196 111.6 0.1 3.4
(C2) Coke and refined petroleum products 49 127.7 –1.5 –7.4
(C3) Electrical & electronic equip., computers, mach. 53 102.2 –0.4 0.1
(C4) Transport equipment 80 102.6 –0.1 –0.7
(C5) Other man. products 396 103.4 –0.5 –0.9
Foreign markets
BE:TOTAL INDUSTRY 1000 103.5 –0.6 –0.7
CZ: Manufactured prod. 980 103.9 –0.4 –0.6
(C1) Food products, beverages, tobacco 100 110.8 –0.1 2.6
(C2) Coke and refined petroleum products 37 125.7 –2.1 –10.1
(C3) Electrical & electronic equip., computers, mach. 194 99.2 –0.5 –0.9
(C4) Transport equipment 252 103.8 0.1 1.1
(C5) Other man. products 397 102.7 –0.5 –1.2
All markets
BE:TOTAL INDUSTRY 1000 106.2 –1.0 –0.1
CZ: Manufactured prod. 845 105.7 –0.4 –0.4
(C1) Food products, beverages, tobacco 163 111.5 0.0 3.3
(C2) Coke and refined petroleum products 45 127.2 –1.7 –8.1
(C3) Electrical & electronic equip., computers, mach. 102 100.2 –0.5 –0.6
(C4) Transport equipment 140 103.4 0.0 0.4
(C5) Other man. products 395 103.2 –0.5 –1.0
Import prices of industrial products
reference year: 2010
r: updated ; nd: non available ; s : confidential
Change en %
Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 Weight May 13 In 1 month In 1 year
BE:TOTAL INDUSTRY 1000 106.1 –0.2 –1.9
CZ: Manufactured prod. s 103.9 –0.2 –1.3
(C1) Food products, beverages, tobacco 69 114.1 0.5 3.0
(C2) Coke and refined petroleum products 47 127.3 0.0 –7.2
(C3) Electrical & electronic equip., computers, mach. 227 98.5 0.2 –0.6
(C4) Transport equipment 147 100.2 –0.1 –0.6
(C5) Other manufactured products s 104.1 –0.7 –1.8
Revision of each index at total industry level
Revision of the monthly change (in %)
(1) Reading note: the evolution of the index between Mar.2013 and Apr.2013 published last month was equal to -0.9 %. It is updated to -1.2 %; that is to say a revision of -0.3 %. This resulted mainly from the taking into account of seasonal movements of prices in distribution of electricity, after the rebasing of CPA 35.13 product since January 2013.
Feb.13 / Jan.13 Mar.13 / Feb.13 Apr.13 / Mar.13
French producer prices in industry sold on:
- the French market +0.1 // -0.3(1)
- the foreign markets // –0.1 –0.2
- all markets // // –0.3
Import prices of industrial products +0.1 +0.1 –0.1

Informations Rapides

n° 150 - June 28, 2013

Industrial Producer and Import Price Indices - May 2013

Next issue December 23, 2014 08:45 - November 2014

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