Informations Rapides ·
25 February 2022 · n° 58
In Q4 2021, services producer prices rose by 0.6% over a quarter and by 3.5% over
a year Services producer price indices - fourth quarter 2021
In the fourth quarter of 2021, producer prices of services decelerated: +0.6% after +1.5% in the previous quarter. The prices of services sold to home businesses accelerated (+0.9% after +0.6%), while those of exported services slowed down sharply (+1.6% after +5.6%). The producer prices of services sold to households in France fell back in accordance with the usual seasonal pattern (–0.8% after +2.2%). Year on year, producer prices of services - for all markets - accelerated however again (+3.5% after +2.7% and +1.7%).
- All markets: +0.6%
- Services sold to home businesses: +0.9%
- Sharp rise of prices for information and communication services, for professional, scientific and technical activities, and for administrative and support service activities
- Slowdown of prices for transportation and storage services and for accommodation and food service activities
- Slight rise of prices for real estate activities
- Services sold to households in France: –0.8%
- Services sold on foreign markets: +1.6%
- Revisions
- For further information
tableauProducer price indices for all services
| All markets | Home businesses | Households in France | Export | |
|---|---|---|---|---|
| 2021-Q4 | 107.7 | 106.6 | 105.7 | 118.1 |
| 2021-Q3 | 107.1 | 105.7 | 106.6 | 116.2 |
| 2021-Q2 | 105.5 | 105.1 | 104.3 | 110.0 |
| 2021-Q1 | 104.6 | 104.7 | 103.5 | 106.3 |
| 2020-Q4 | 104.1 | 104.6 | 103.4 | 102.6 |
| 2020-Q3 | 104.3 | 104.6 | 104.7 | 101.6 |
| 2020-Q2 | 103.7 | 104.3 | 103.1 | 102.1 |
| 2020-Q1 | 103.7 | 104.4 | 103.2 | 101.2 |
| 2019-Q4 | 103.6 | 104.2 | 103.4 | 101.0 |
| 2019-Q3 | 103.9 | 103.8 | 105.1 | 101.4 |
| 2019-Q2 | 103.1 | 103.6 | 103.0 | 100.4 |
| 2019-Q1 | 102.2 | 102.7 | 102.2 | 99.2 |
| 2018-Q4 | 102.1 | 102.6 | 101.8 | 99.8 |
| 2018-Q3 | 102.7 | 102.4 | 104.2 | 100.3 |
| 2018-Q2 | 101.9 | 102.2 | 102.3 | 99.2 |
| 2018-Q1 | 101.3 | 101.5 | 101.8 | 98.6 |
| 2017-Q4 | 101.2 | 101.6 | 101.1 | 98.9 |
| 2017-Q3 | 101.2 | 100.9 | 102.8 | 99.4 |
| 2017-Q2 | 100.9 | 101.0 | 101.0 | 99.7 |
| 2017-Q1 | 100.5 | 100.6 | 100.7 | 99.2 |
| 2016-Q4 | 100.5 | 100.8 | 100.2 | 99.3 |
| 2016-Q3 | 100.7 | 100.5 | 101.6 | 99.3 |
| 2016-Q2 | 100.3 | 100.6 | 100.0 | 98.5 |
| 2016-Q1 | 99.9 | 100.2 | 99.7 | 98.4 |
| 2015-Q4 | 100.0 | 100.4 | 99.5 | 99.5 |
| 2015-Q3 | 100.5 | 100.1 | 101.6 | 100.7 |
| 2015-Q2 | 99.9 | 99.9 | 99.6 | 99.8 |
| 2015-Q1 | 99.6 | 99.7 | 99.3 | 100.0 |
graphiqueProducer price indices for all services
- Source: INSEE
All markets: +0.6%
In the fourth quarter of 2021, producer prices of services decelerated: +0.6% after +1.5% in the previous quarter. The prices of services sold to home businesses accelerated (+0.9% after +0.6%), while those of exported services slowed down sharply (+1.6% after +5.6%). The producer prices of services sold to households in France fell back in accordance with the usual seasonal pattern (–0.8% after +2.2%). Year on year, producer prices of services - for all markets - accelerated however again (+3.5% after +2.7% and +1.7%).
tableauServices producer price indices for all markets (BtoAll*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2021Q4 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 107.7 | 0.6 | 3.5 |
| H : transportation and storage services | 192 | 120.9 | 0.9 | 12.3 |
| I : accommodation and food service activities | 104 | 106.4 | -1.8 | 2.6 |
| J : information and communication services | 202 | 100.3 | 1.0 | 0.1 |
| L : real estate activities | 136 | 106.1 | 0.1 | 0.5 |
| M : professional, scientific and technical activities | 192 | 105.6 | 0.9 | 1.7 |
| N : administrative and support service activities | 166 | 105.7 | 0.7 | 2.1 |
- *BtoAll: business to all
- The sector S "Other services" is not displayed due to its low economic weight.
- Source: INSEE
Services sold to home businesses: +0.9%
In the fourth quarter of 2021, producer prices of services sold to home businesses accelerated, both over a quarter (+0.9% after +0.6%) and over a year (+1.9% after +1.1%).
tableauServices producer price indices: services sold to home businesses (BtoB*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2021Q4 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 106.6 | 0.9 | 1.9 |
| H : transportation and storage services | 192 | 114.4 | 0.6 | 5.4 |
| I : accommodation and food service activities | 46 | 102.9 | 0.7 | 4.1 |
| J : information and communication services | 233 | 100.8 | 1.3 | 0.2 |
| L : real estate activities | 95 | 110.7 | 0.3 | 0.0 |
| M : professional, scientific and technical activities | 215 | 105.0 | 1.0 | 1.1 |
| N : administrative and support service activities | 211 | 106.2 | 0.8 | 2.0 |
- *BtoB: business to business
- The sector S "Other services" is not displayed due to its low economic weight.
- Source: INSEE
Sharp rise of prices for information and communication services, for professional, scientific and technical activities, and for administrative and support service activities
Prices for information and communication services rebounded in the fourth quarter of 2021 (+1.3% after –0.9%), due to the seasonal rebound of prices for programming and broadcasting services (+13.5% after –6.6%) and to the sharp rise of prices for computer programming, consultancy and related services (+1.1% after –0.2%). Year on year, prices for information and communication went up slightly (+0.2% after –0.6%).
Prices for professional, scientific and technical activities were sharply back on the rise in the fourth quarter of 2021 (+1.0% after three quarters of virtual stability), driven by the seasonal rebound of prices for media representation services (+15.2% after –8.0%) and by the rise of those for business and other management consulting services (+1.0% after –0.1%). Year on year, prices for professional, scientific and technical activities went up again (+1.1% after +0.8%).
Prices for administrative and support service activities sped up in the fourth quarter of 2021, both over a quarter (+0.8% after +0.3%) and over a year (+2.0% after +0.9%). They were mainly sustained by the strong rebound of prices for temporary employment agency services (+2.2% after –0.3%).
Slowdown of prices for transportation and storage services and for accommodation and food service activities
Prices for transportation and storage services slowed down sharply in the fourth quarter of 2021 (+0.6% after +3.1%). The prices for freight transport services by road accelerated (+1.5% after +0.6%). On the contrary, those for warehousing and support services for transportation decelerated strongly (+0.3% after +4.9%), due to the slowdown in prices of support services for transportation, while those of warehousing and storage services rebounded. Year on year, prices for transportation and storage services accelerated (+5.4% after +4.7%).
Prices for accommodation and food service activities slowed down in the fourth quarter of 2021 (+0.7% after +1.8%), mainly due to the deceleration of those for hotel and similar accommodation services (+2.3% after +6.3%). However, year on year, prices for accommodation and food service activities sped up strongly (+4.1% after +1.3%).
Slight rise of prices for real estate activities
In the fourth quarter of 2021, prices for real estate activities went up slightly over a quarter (+0.3% after +0.1%) and were stable over a year (after –1.1%).
tableauProducer price indices of services sold to French businesses
| H: transp. and storage | I: accommod. and food | J: info. and comm. | L: real estate act. | M: prof., scient. and tech. | N: adm. and support | |
|---|---|---|---|---|---|---|
| 2021-Q4 | 114.4 | 102.9 | 100.8 | 110.7 | 105.0 | 106.2 |
| 2021-Q3 | 113.7 | 102.2 | 99.5 | 110.4 | 104.0 | 105.4 |
| 2021-Q2 | 110.3 | 100.4 | 100.4 | 110.3 | 104.0 | 105.1 |
| 2021-Q1 | 109.9 | 98.8 | 99.9 | 110.0 | 103.9 | 104.9 |
| 2020-Q4 | 108.5 | 98.8 | 100.6 | 110.7 | 103.9 | 104.1 |
| 2020-Q3 | 108.6 | 100.9 | 100.1 | 111.6 | 103.2 | 104.5 |
| 2020-Q2 | 108.9 | 98.9 | 99.9 | 109.7 | 103.4 | 103.9 |
| 2020-Q1 | 108.5 | 101.0 | 100.5 | 110.0 | 103.4 | 103.9 |
| 2019-Q4 | 106.8 | 102.0 | 101.3 | 108.7 | 103.7 | 103.7 |
| 2019-Q3 | 107.0 | 101.8 | 100.9 | 107.5 | 103.0 | 103.7 |
| 2019-Q2 | 106.8 | 102.5 | 101.0 | 105.7 | 103.2 | 103.2 |
| 2019-Q1 | 105.5 | 99.6 | 100.2 | 105.3 | 102.0 | 103.1 |
| 2018-Q4 | 104.9 | 100.1 | 100.7 | 104.2 | 102.2 | 102.6 |
| 2018-Q3 | 105.1 | 99.5 | 100.7 | 103.6 | 101.5 | 102.8 |
| 2018-Q2 | 104.1 | 100.8 | 101.0 | 104.0 | 101.1 | 102.4 |
| 2018-Q1 | 102.6 | 99.1 | 100.2 | 103.3 | 101.0 | 102.0 |
| 2017-Q4 | 102.1 | 99.6 | 101.1 | 104.3 | 101.2 | 101.4 |
| 2017-Q3 | 101.5 | 98.0 | 100.0 | 103.1 | 100.4 | 101.2 |
| 2017-Q2 | 101.2 | 99.2 | 100.5 | 103.2 | 100.7 | 101.1 |
| 2017-Q1 | 100.7 | 97.7 | 100.1 | 102.8 | 100.8 | 100.6 |
| 2016-Q4 | 100.3 | 98.5 | 101.0 | 102.2 | 100.8 | 100.7 |
| 2016-Q3 | 100.4 | 97.9 | 100.1 | 102.9 | 100.3 | 100.6 |
| 2016-Q2 | 99.8 | 100.0 | 100.6 | 101.0 | 101.5 | 100.6 |
| 2016-Q1 | 99.4 | 97.4 | 100.2 | 100.7 | 101.4 | 100.3 |
| 2015-Q4 | 99.6 | 98.2 | 100.8 | 100.0 | 101.6 | 100.1 |
| 2015-Q3 | 100.4 | 104.2 | 99.8 | 99.8 | 99.5 | 99.9 |
| 2015-Q2 | 100.4 | 98.9 | 99.9 | 100.0 | 99.6 | 100.0 |
| 2015-Q1 | 99.6 | 98.7 | 99.6 | 100.2 | 99.4 | 99.9 |
graphiqueProducer price indices of services sold to French businesses
- Source: INSEE
Services sold to households in France: –0.8%
In the fourth quarter of 2021, producer prices of services sold to households in France fell back (–0.8% after +2.2%), mainly due to the seasonal fall in prices for accommodation and food service activities (–2.8% after +4.2%). Prices for professional, scientific and technical activities kept rising (+1.9% after +1.4%). Year on year, producer prices of services sold to households in France kept accelerating (+2.2% after +1.8% and +1.2%).
tableauServices producer price indices: services sold to households in France (BtoC*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2021Q4 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 105.7 | -0.8 | 2.2 |
| H : transportation and storage services | 154 | 110.2 | -0.5 | 5.9 |
| I : accommodation and food service activities | 286 | 107.9 | -2.8 | 1.9 |
| J : information and communication services | 134 | 101.1 | -0.2 | -0.3 |
| L : real estate activities | 296 | 102.2 | -0.2 | 1.0 |
| M : professional, scientific and technical activities | 79 | 114.3 | 1.9 | 5.7 |
| N : administrative and support service activities | 38 | 98.5 | -2.7 | 0.4 |
- *BtoC: business to consumer
- The sector S "Other services" is not displayed due to its low economic weight.
- Source: INSEE
Services sold on foreign markets: +1.6%
In the fourth quarter of 2021, exported services producer prices decelerated after three quarters of strong rises (+1.6% after +5.6%, +3.5% and +3.6%). The dynamism of the previous quarters was supported by the transportation and storage services, the prices of which slowed down sharply in the fourth quarter of 2021 (+2.6% after +15.6%). In particular, those for sea and coastal freight water transport services decelerated strongly (+4.6% after +25.9%), notably contained by the freezing of tariffs implemented by some container transportation and shipping companies, in a context of persistent tensions linked to strong demand. However, producer prices for sea and coastal freight water transport services remained very dynamic (+90.4% after +101.8%), as did those for all exported services (+15.1% after +14.4%).
tableauServices producer price indices: services sold on foreign markets (BtoE*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2021Q4 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 118.1 | 1.6 | 15.1 |
| H : transportation and storage services | 284 | 159.3 | 2.6 | 44.9 |
| J : information and communication services | 182 | 95.1 | 1.2 | 0.1 |
| M : professional, scientific and technical activities | 322 | 103.0 | 0.2 | 2.0 |
| N : administrative and support service activities | 204 | 106.8 | 1.8 | 3.4 |
- *BtoE: business to exports
- The sectors I "Accommodation and food services", L "Real estate activities" and S "Other services" are not displayed due to their low economics weights.
- Source: INSEE
Revisions
tableauRevision of variations
| Services producer price indices | 2021Q3 / 2021Q2 |
|---|---|
| - services sold to all markets (BtoAll) | -0.2 |
| - services sold to home businesses (BtoB) | -0.2 |
| - services sold to households in France (BtoC) | 0.0 |
| - exported services (BtoE) | -0.3 |
- How to read it: the variation of the services producer price index for all markets between the second quarter of 2021 and the third quarter of 2021 has been revised by -0.2 points: published in November 2021 equal to +1.7%, it has been updated to +1.5%.
For further information
Definition: Services producer prices indices (SPPI) measure the quarterly evolution of transaction prices, excluding VAT, of services sold by French businesses. They are calculated, by market and by product, based on the results of the survey « Observation of prices in industry and services » (Opise) operated by INSEE.
SPPI are calculated on four types of market segments:
BtoB: business to business, corresponding to services sold to home businesses;
BtoC: business to customer, corresponding to services sold to households in France;
BtoE: business to exports, corresponding to services sold on foreign markets;
BtoAll: business to all, corresponding to the aggregation of the three market segments BtoB, BtoC and BtoE.
Next publication: 31 May 2022 at 12.00 p.m.
Pour en savoir plus
Definition: Services producer prices indices (SPPI) measure the quarterly evolution of transaction prices, excluding VAT, of services sold by French businesses. They are calculated, by market and by product, based on the results of the survey « Observation of prices in industry and services » (Opise) operated by INSEE.
SPPI are calculated on four types of market segments:
BtoB: business to business, corresponding to services sold to home businesses;
BtoC: business to customer, corresponding to services sold to households in France;
BtoE: business to exports, corresponding to services sold on foreign markets;
BtoAll: business to all, corresponding to the aggregation of the three market segments BtoB, BtoC and BtoE.
Next publication: 31 May 2022 at 12.00 p.m.
Time series: Services producer price indices