29 June 2018

2018- n° 173

In May 2018, producer prices in industry recovered (+0.6%) Industrial Producer and Import Price Indices - May 2018

On all markets (French market and foreign markets), producer prices in industry recovered in May 2018 (+0.6% after −0.6% in April). Year over year, they accelerated (+2.5% after +1.4% in April).

In May 2018, French producer prices in industry for the French market picked up (+0.6% after −0.8% in April), due to the rise in prices of refined petroleum products.

In May, the prices of refined petroleum products went up for the third consecutive month (+8.5 after +9.4% in April and +1.9% in March), in the wake of the oil price. The increase was especially marked for gas oil and super-grade fuels. Year over year, prices of refined petroleum products sped up (+36.2% after +16.3% in April).

In May, the prices of mining and quarrying products, energy and water prices were almost unchanged (−0.1%) after the seasonal fall in April (−5.9%). Year over year, they gathered pace (+3.0% after +1.9% in April).

In May, food prices recovered slightly (+0.2% after −0.2%), due to the rise of prices of dairy and cheese products and prepared feeds for farm animals. Year over year, food product prices grew slightly (+0.3% after +0.1% in April).

In May, the prices of “other industrial products” accelerated slightly (+0.4% after +0.1%). Prices of chemicals and chemical products grew by 1.1% (after 0.0%), in the wake of the oil and raw materials prices. Year over year, prices of “other industrial products” increased again, by 1.8%, after +1.5% in April.

In May 2018, the producer prices of French industrial products sold on foreign markets rebounded (+0.7% after −0.2% in April), due to the rise of refined petroleum products gathered pace (+11.7%). Prices of basic metals took off also (+1.8%), in the wake of the raw materials prices. Year over year, export prices of industrial products went up by 1.1% (after +0.1%).

In May 2018, the import prices of industrial products rose for the third consecutive month (+1.4% after +0.5% in April and +0.2 in March), due to the rising dollar and raw materials prices. Prices of basic metals increased again (+1.5% after +2.0%), due to the prices of base metals on world markets. Year over year, import prices accelerated clearly (+3.2% after +1.0%).