26 October 2018

2018- n° 279

In September 2018, producer prices in industry rose by 0.3% in a month and by 3.5% year over year Industrial Producer and Import Price Indices - September 2018

On all markets (French market and foreign markets), producer prices in industry rose for the fifth consecutive month (+0.3%, as in August). Year over year, they remained dynamic (+3.5% after +3.6% in August).

In September, French producer prices in industry for the French market grew by 0.3% (after +0.4%). The rise is owing to the increases in prices of mining and quarrying products, energy and water and in manufactured product prices, to the same extent.

In September, the prices of mining and quarrying products, energy and water grew by 0.7%, as in the past month. This rise is mainly owing to gas selling price one (+3.6% after +1.0%), following the revaluation of regulated tariff and the past rises of oil prices. The electricity selling prices contributed to the growth to a lesser extent (+0.3% after +1.9%). Year over year, the prices of mining and quarrying products, energy and water accelerated (+5.2% after +4.9% in August).

In September, the prices of refined petroleum products gathered pace (+2.5 after +1.4% in August), in the wake of oil price. Year over year, they decelerated slightly (+34.1% after +40.1% in August).

In September, food and beverage prices were virtually stable (+0.1%). Year over year, they rose slightly (+0.2% after the stability in August). The prices of “other industrial products” were stable in September. Year over year, they slowed down slightly (+2.3% after +2.5% in August).

In September 2018, the producer prices of French industrial products sold on foreign markets rose by 0.2% (after +0.1%), essentially due to the surge in electricity prices. Export prices of manufactured products were virtually stable (+0.1%). Those of refined petroleum products accelerated monthly (+2.2% after +0.9%) and decelerated year over year (+30.8% after +34.4%). Food and beverage export prices grew by 0.3% after a stability in August. On the contrary, export prices of “other industrial products” edged down again (−0.2% as the past two months). Year over year, export prices of industrial products decelerated (+2.9% after +3.2% in August).

In September 2018, the import prices of industrial products rose by 0.7%, after the quasi stability in August. In the wake of oil price, imported hydrocarbon prices surged as well as coke and refined petroleum product prices (+4.2%). Import transport equipment prices recovered (+0.5% after −0.2% in August). Year over year, the import prices of industrial products remained strong (+4.5% after +4.7% in August).