31 August 2018

2018- n° 226

In July 2018, producer prices in industry rose (+0.5%) Industrial Producer and Import Price Indices - July 2018

On all markets (French market and foreign markets), producer prices in industry rose for the third consecutive month (+0.5% after +0.2% in June and +0.7% in May) and accelerated year over year (+3.7% after +3.2% in June).

After the previous month virtual stability (+0,1%), French producer prices in industry for the French market grew by 0.6%, due to the rise in prices of mining and quarrying products, energy and water and, to a lesser extent, of manufactured product prices.

The prices of mining and quarrying products, energy and water sped up in July, monthly (+1.8% after +1.2%), as well as year over year (+5.8% after +4.2%). The electricity selling prices increased, essentially on the wholesale market. Gas prices grew in relation to regulated tariff increase.

In July, the prices of refined petroleum products bounced back (+0.8% after –1.4%). Year over year, the rise remained very sharp (+42.6% in July after +45.2% in June).

In July, food and beverage prices rose slightly (+0.2% after −0.1%). Year over year, they were almost unchanged.

In July, the prices of “other industrial products” rose by 0.2%. Chemical product prices kept increasing, in the wake of the past surges in raw material prices. Year over year, prices of “other industrial products” grew by 2.5% (after +2.0% in June).

In July 2018, the producer prices of French industrial products sold on foreign markets rose by 0.2% (after +0.6% in June), essentially due to the surge in electricity wholesale market selling prices. Manufactured product prices were unchanged (after +0.2%). Those of refined petroleum products rose sligthly (+0.3%). Metal product prices fell back (−1.3% after +1.0% in June), in the wake of the metal prices. Year over year, export prices of industrial products accelerated (+2.9% after +2.5% in June).

In July 2018, the import prices of industrial products rose by 0.4%, after +0.3% in June. The prices of mining and quarrying products, energy and water prices increased, due to the sharp rise in electricity and gas selling prices. Food product prices grew for the fifth consecutive month (+0.2% in July) but remained decreasing year over year (−0.8%). Prices of refined petroleum products edged up (+0.2% after −1.2% in June). Year over year, import prices kept speeding up (+5.2% after +4.4% in June).