28 September 2018

2018- n° 259

In August 2018, further increase in producer prices in industry (+0.3%) Industrial Producer and Import Price Indices - August 2018

On all markets (French market and foreign markets), producer prices in industry rose for the fourth consecutive month (+0.3% after +0.6% in July); year over year, they remained dynamic (+3.6% after +3.7% in July).

In August, French producer prices in industry for the French market grew by 0.2%, due to the rise in mining and quarrying products, energy and water prices and manufactured product prices.

The prices of mining and quarrying products, energy and water rose again in August (+0.6% after +2.3%), as well as year over year (+4.8% after +5.5%). The electricity selling prices increased again (+1.9% after +4.8%), essentially on the wholesale market.

In August, the prices of refined petroleum products grew by 1.4% (after +0.9% in July), mainly due to the increase in gas oil and super-grade fuel prices. Year over year, the rise remained very sharp (+40.0% in August after +42.7% in July).

In August, food and beverage prices went up slightly (+0.2% after +0.3%), due to the growth in processed and preserved meat prices and oil and fat prices. Year over year, they were unchanged, as in the past month.

The prices of “other industrial products” were stable in August. Year over year, they grew by 2.4% (after +2.5% in July).

In August 2018, the producer prices of French industrial products sold on foreign markets rose by 0.3% (as in July), essentially due to the growth in electricity wholesale market selling prices. Export prices of manufactured products were virtually stable (+0.1%). Those of refined petroleum products rose by +1.3% (+35.0% year over year). Export prices of “other industrial products” were almost unchanged in August, the overall incresase of prices were almost offset by the decline in pharmaceutical product prices. Year over year, export prices of industrial products accelerated again (+3.5% after +3.0% in July).

In August 2018, the import prices of industrial products were virtually stable (+0.1%, after +0.3% in July). Year over year, they remained strong (+4.6% after +5.1% in July). The import prices of manufactured products were almost unchanged in August as in July. Those of coke and refined petroleum products rose by 1.0%. Food and beverage prices fell back for the first time since February (−0.2% in August) and remained decreasing year over year (−1.1%).