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Informations Rapides · 29 April 2022 · n° 114
Informations rapidesStrong acceleration of industrial producer prices in March 2022 (+4.6% over a month and +24.4% over a year) Industrial Producer and Import Price Indices - March 2022

In March 2022, the industrial producer prices accelerated strongly over a month (+4.6% after +0.7%), as over a year (+24.4% after +20.2%). These are the strongest rises recorded in the available series since January 1995. In addition to the inflationary context observed since mid-2021, the tensions generated in March 2022 by the war in Ukraine caused new price hikes (oil, gas, metals, food raw materials, etc.).

Informations rapides
No 114
Paru le :Paru le29/04/2022
Prochaine parution le : 29/08/2025 at 08:45 - July 2025
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Total Industry price indices

Total Industry price indices
PPI for all markets PPI for home market PPI for foreign markets Import prices
2022-03 131.6 134.5 124.2 138.8
2022-02 125.8 128.9 117.9 128.6
2022-01 124.9 127.7 117.8 127.6
2021-12 120.4 122.0 116.5 122.4
2021-11 118.6 120.1 114.9 120.2
2021-10 114.8 115.6 112.9 117.6
2021-09 111.8 112.2 110.6 113.8
2021-08 109.9 110.3 108.8 110.5
2021-07 108.7 109.0 107.8 109.4
2021-06 107.2 107.3 106.8 107.0
2021-05 105.8 105.9 105.4 105.4
2021-04 105.4 105.5 105.2 103.7
2021-03 105.8 106.3 104.4 102.7
2021-02 104.7 105.3 103.4 102.0
2021-01 103.8 104.2 102.6 100.3
2020-12 102.6 103.1 101.2 98.7
2020-11 101.6 101.9 100.5 97.8
2020-10 100.4 100.3 100.4 97.3
2020-09 100.5 100.3 100.8 97.1
2020-08 100.1 100.0 100.2 97.3
2020-07 100.2 99.9 100.7 97.3
2020-06 99.8 99.5 100.3 96.7
2020-05 99.2 98.7 100.0 95.2
2020-04 99.3 98.7 100.3 95.0
2020-03 101.5 101.5 101.2 97.2
2020-02 103.0 103.1 102.5 100.6
2020-01 103.6 103.8 102.8 101.5
2019-12 103.7 104.0 102.9 101.9
2019-11 103.6 103.9 102.7 101.6
2019-10 102.5 102.5 102.4 101.5
2019-09 102.7 102.7 102.4 101.6
2019-08 102.4 102.6 101.8 100.8
2019-07 102.4 102.5 102.0 101.4
2019-06 102.0 102.1 101.7 101.3
2019-05 102.6 102.7 102.2 102.6
2019-04 103.1 103.2 102.5 102.6
2019-03 103.5 104.1 101.9 102.0
2019-02 103.5 104.2 101.9 101.9
2019-01 103.4 103.7 102.4 101.2
2018-12 103.0 103.4 101.8 101.1
2018-11 103.9 104.4 102.5 102.8
2018-10 103.7 103.9 103.0 104.6
2018-09 103.3 103.6 102.5 103.6
2018-08 102.9 103.1 102.3 102.8
2018-07 102.6 102.7 102.2 102.7
2018-06 102.1 102.1 102.0 102.4
2018-05 101.8 102.1 101.3 102.0
2018-04 101.2 101.4 100.6 100.6
2018-03 101.8 102.2 100.7 100.1
2018-02 101.7 102.0 100.6 99.9
2018-01 101.5 102.0 100.3 100.4
2017-12 101.7 102.0 100.9 100.2
2017-11 101.5 101.7 101.1 100.2
2017-10 100.1 100.0 100.2 99.4
2017-09 99.7 99.8 99.6 99.0
2017-08 99.3 99.4 99.1 98.2
2017-07 98.9 98.9 99.2 97.6
2017-06 99.0 98.8 99.4 97.9
2017-05 99.3 99.1 100.1 98.8
2017-04 99.8 99.7 100.4 99.6
2017-03 100.1 100.0 100.4 99.7
2017-02 100.6 100.5 100.9 100.0
2017-01 100.9 100.7 101.7 99.7
2016-12 99.9 99.8 100.2 99.1
2016-11 99.1 99.0 99.3 97.5
2016-10 98.5 98.4 98.9 97.5
2016-09 97.8 97.7 98.2 96.5
2016-08 97.5 97.4 97.9 96.2
2016-07 97.6 97.5 97.9 96.4
2016-06 97.5 97.4 98.0 96.4
2016-05 97.1 97.0 97.7 95.9
2016-04 96.7 96.5 97.4 95.0
2016-03 97.2 97.1 97.4 95.0
2016-02 96.9 96.9 97.2 94.1
2016-01 97.5 97.3 98.2 94.7
2015-12 98.5 98.4 98.9 96.5
2015-11 99.5 99.5 99.6 98.2
2015-10 99.4 99.4 99.5 98.1
2015-09 99.3 99.2 99.4 98.6
2015-08 99.4 99.2 99.8 99.3
2015-07 100.5 100.3 100.9 100.8
2015-06 100.6 100.5 100.7 102.0
2015-05 100.4 100.4 100.6 102.5
2015-04 100.9 100.8 101.1 102.2
2015-03 101.0 101.1 100.6 101.6
2015-02 100.8 101.0 100.1 101.0
2015-01 99.8 100.0 98.9 99.4

Total Industry price indices

  • Source: INSEE

Producer prices in the French industry: +4.6%

In March 2022, the industrial producer prices accelerated strongly over a month (+4.6% after +0.7%), as over a year (+24.4% after +20.2%). These are the strongest rises recorded in the available series since January 1995. In addition to the inflationary context observed since mid-2021, the tensions generated in March 2022 by the war in Ukraine caused new price hikes (oil, gas, metals, food raw materials, etc.).

HOME MARKET: +4.3%

In March 2022, the industrial producer prices for the home market sped up strongly over a month (+4.3% after +0.9%), driven up by those of mining and quarrying products, energy and water (+5.5% after –0.2%). Those of manufactured products were also on a strong upward trend (+3.9% after +1.5%). Over a year, the rise of industrial producer prices for the home market strengthened, reaching 26.5% (after +22.4%).

Strong rebound of prices of mining and quarrying products, energy and water

After a slight fall the previous month (–0.2%), the prices of mining and quarrying products, energy and water bounced back strongly over a month in March 2022 (+5.5%). Over a year, the rise is of an unprecedented magnitude: +57.5% (after +51.0%). The electricity production and trade prices accelerated over a month (+6.7% after +2.3%), as over a year (+73.8% after +65.5%). Those of trade services of gas through mains turned up over a month (+6.1% after –8.8%) and took off over a year (+153.7% after +139.5%). At last, prices of steam and air conditioning supply services sped up strongly over a month (+16.8% after +0.9%) and over a year (+128.2% after +96.3%).

Strong acceleration of refined petroleum product prices

In the wake of crude oil prices, the prices of refined petroleum products sped up very strongly in March 2022: +29.5% over a month (after +10.8%) and +110.8% over a year (after +73.2%).

French Producer Price Indices of coke and refined petroleum products sold on the home market

French Producer Price Indices of coke and refined petroleum products sold on the home market
Producer price indices of coke and refined petroleum products sold on the French market
2022-03 225.6
2022-02 174.2
2022-01 157.2
2021-12 136.3
2021-11 144.2
2021-10 146.9
2021-09 128.7
2021-08 124.1
2021-07 123.1
2021-06 118.0
2021-05 109.6
2021-04 106.1
2021-03 107.0
2021-02 100.6
2021-01 90.2
2020-12 82.3
2020-11 72.9
2020-10 70.9
2020-09 70.8
2020-08 76.5
2020-07 78.9
2020-06 72.5
2020-05 57.0
2020-04 46.4
2020-03 70.0
2020-02 107.7
2020-01 117.8
2019-12 119.6
2019-11 117.0
2019-10 117.6
2019-09 121.5
2019-08 115.7
2019-07 122.3
2019-06 117.5
2019-05 131.3
2019-04 130.7
2019-03 123.3
2019-02 118.8
2019-01 109.4
2018-12 109.3
2018-11 125.8
2018-10 142.7
2018-09 136.5
2018-08 133.2
2018-07 131.4
2018-06 130.2
2018-05 132.1
2018-04 121.8
2018-03 111.3
2018-02 109.2
2018-01 116.1
2017-12 110.9
2017-11 111.1
2017-10 103.2
2017-09 101.8
2017-08 95.1
2017-07 92.1
2017-06 89.7
2017-05 97.1
2017-04 104.7
2017-03 101.4
2017-02 108.1
2017-01 107.1
2016-12 105.7
2016-11 91.7
2016-10 97.0
2016-09 87.6
2016-08 85.2
2016-07 85.3
2016-06 91.9
2016-05 88.1
2016-04 78.5
2016-03 75.5
2016-02 65.6
2016-01 65.9
2015-12 74.5
2015-11 89.4
2015-10 89.1
2015-09 91.3
2015-08 92.8
2015-07 107.6
2015-06 115.6
2015-05 117.9
2015-04 113.8
2015-03 110.2
2015-02 106.6
2015-01 91.2

French Producer Price Indices of coke and refined petroleum products sold on the home market

  • Source: INSEE.

Strong rise of food and beverage prices

In March 2022, the food and beverage prices accelerated strongly over a month (+3.4% after +0.8%). Prices sped up notably for oils and fats (+26.2% over a month, after +3.2%), processed and preserved meat (+6.2% after a stability) and bread, fresh pastry goods and cakes (+2.7% after +0.7%). Year on year, the food and beverage prices accelerated sharply (+9.9% after +7.1%).

Acceleration of the “other industrial products” prices

Due to increases in raw material prices (petroleum, steel, aluminium, nickel, etc.), the prices of the “other industrial products” accelerated in March 2022 over a month (+1.9% after +0.9%), driven by those of chemicals and chemical products (+6.2% after +2.2%) and basic metals (+4.2% after +2.1%). Year on year, the prices of the “other industrial products” rose by 15.4% (after +14.2% in February 2022).

Slight rise of prices of electrical, computer and electronic equipment and machinery and transport equipment

In March 2022, the prices of electrical, computer and electronic equipment and machinery went up by 0.6% over a month (after +0.7%) and by 6.2% over a year (after +5.9%). At last, those of transport equipment were up by 0.4% over a month (after +0.2%) and by 4.8% over a year (after +4.5%).

French Producer Price Indices of manufactured products sold on the home market

French Producer Price Indices of manufactured products sold on the home market
C1 C3 C4 C5
2022-03 113.2 109.4 110.8 119.9
2022-02 109.5 108.7 110.4 117.7
2022-01 108.6 107.9 110.2 116.6
2021-12 106.9 106.7 109.7 113.3
2021-11 105.8 106.1 108.9 112.7
2021-10 105.0 105.6 108.3 111.6
2021-09 104.5 105.1 107.6 110.2
2021-08 104.3 104.5 107.2 109.3
2021-07 104.4 104.3 107.0 108.3
2021-06 104.1 103.7 106.5 106.8
2021-05 104.1 103.1 106.2 105.9
2021-04 103.5 103.0 105.9 105.1
2021-03 103.0 103.0 105.7 103.9
2021-02 102.2 102.6 105.6 103.1
2021-01 102.1 102.4 105.4 102.1
2020-12 102.3 102.2 105.1 101.3
2020-11 101.8 102.0 105.0 100.8
2020-10 101.8 102.2 104.6 100.8
2020-09 101.3 102.2 104.2 100.7
2020-08 101.4 102.0 103.9 100.7
2020-07 101.6 101.9 103.7 100.7
2020-06 101.6 102.0 103.7 100.7
2020-05 101.7 102.1 103.2 100.4
2020-04 102.0 101.9 103.1 100.7
2020-03 102.3 102.0 102.9 101.1
2020-02 102.2 102.3 102.9 101.6
2020-01 102.2 102.0 102.8 101.8
2019-12 102.5 101.8 102.7 101.9
2019-11 102.1 101.8 102.3 102.0
2019-10 101.8 101.8 102.1 102.3
2019-09 101.5 101.7 101.7 102.5
2019-08 101.6 101.4 101.6 102.6
2019-07 101.5 101.3 101.6 102.6
2019-06 101.3 101.3 101.4 102.8
2019-05 101.1 101.3 101.3 103.1
2019-04 101.0 101.5 101.2 103.1
2019-03 100.9 101.3 101.1 103.0
2019-02 101.2 101.3 101.0 102.8
2019-01 101.2 101.4 100.9 102.7
2018-12 101.4 101.0 101.0 102.6
2018-11 101.1 101.0 100.9 102.9
2018-10 100.7 100.8 100.7 103.0
2018-09 100.7 100.9 100.5 103.1
2018-08 100.6 100.9 100.6 103.0
2018-07 100.4 100.7 100.6 102.9
2018-06 100.1 100.9 100.6 102.8
2018-05 100.2 100.8 100.5 102.7
2018-04 100.1 100.6 100.6 102.2
2018-03 100.4 100.5 100.6 102.1
2018-02 100.1 100.3 100.5 101.9
2018-01 100.0 100.7 100.5 101.6
2017-12 100.4 100.1 100.6 101.1
2017-11 100.3 100.0 100.6 100.9
2017-10 100.4 99.8 100.4 101.0
2017-09 100.5 99.7 100.4 100.7
2017-08 100.6 99.7 100.4 100.5
2017-07 100.4 99.8 100.3 100.4
2017-06 100.4 99.9 100.3 100.7
2017-05 100.1 99.8 100.3 100.8
2017-04 100.1 99.9 100.2 100.7
2017-03 99.8 100.0 100.1 100.4
2017-02 99.6 99.9 100.1 100.1
2017-01 99.2 100.1 100.1 99.6
2016-12 99.2 99.4 100.1 99.0
2016-11 99.2 99.5 100.0 98.8
2016-10 99.1 99.6 100.0 98.7
2016-09 98.8 99.7 99.9 98.5
2016-08 98.8 99.7 99.9 98.5
2016-07 98.9 99.6 100.0 98.6
2016-06 98.5 99.9 100.0 98.6
2016-05 98.4 99.6 100.1 98.3
2016-04 98.5 99.6 100.1 98.0
2016-03 98.6 99.7 100.1 97.9
2016-02 99.1 99.5 100.1 98.1
2016-01 99.3 99.7 100.2 98.4
2015-12 99.7 99.9 100.1 98.8
2015-11 99.9 100.0 100.4 99.0
2015-10 100.2 100.0 100.3 99.2
2015-09 100.3 99.7 100.1 99.6
2015-08 100.5 99.6 100.0 100.2
2015-07 100.2 100.0 99.8 100.8
2015-06 99.9 100.0 99.8 100.8
2015-05 99.9 100.0 99.9 100.8
2015-04 99.9 100.2 99.9 100.6
2015-03 99.8 100.2 99.9 100.2
2015-02 99.9 100.2 99.9 99.9
2015-01 99.8 100.2 99.9 100.0

French Producer Price Indices of manufactured products sold on the home market

  • Source: INSEE

FOREIGN MARKETS: +5.3%

After a virtual stability in February 2022 (+0.1%), the industrial producer prices for the foreign markets turned up strongly in March 2022 over a month (+5.3%): the prices of mining and quarrying products, energy and water bounced back sharply, driven mainly by those of electricity, while manufactured product prices accelerated (+2.6% after +1.0%). Over a year, the rise of industrial producer prices for the foreign markets strengthened, reaching 19.0% (after +14.0%).

The prices of the “other industrial products” accelerated over a month (+2.1% after +1.3%), especially those of basic metals (+5.2% after +1.1%) and of chemicals and chemical products (+3.4% after +2.8%). Year on year, they rose by 15.8% (after +15.1%).

In the wake of crude oil prices, the prices of refined petroleum products accelerated strongly over a month (+26.3% after +11.0%) and over a year (+111.1% after +75.1%).

Transport equipment prices turned up over a month (+1.1% after a stability) and rose by 3.6% over a year (after +2.9%).

The prices of food and beverages accelerated sharply over a month (+2.8% after +1.4%) and went up by 12.9% over a year (after +10.4%).

At last, prices of electrical, computer and electronic equipment and machinery accelerated at a more moderate pace over a month (+0.9% after +0.2%) and over a year (+5.1% after 4.7%).

French Producer Price Indices in industry according to the market where the products are sold

reference year: 2015
French Producer Price Indices in industry according to the market where the products are sold (reference year: 2015)
Change in %
Levels A 10 and A 17 in CPF rev. 2 Weight Mar. 22 In 1 month In 1 year
Home market
BE: TOTAL INDUSTRY 1000 134.5 4.3 26.5
(DE) Mining and quarrying, energy, water 233 180.3 5.5 57.5
CZ: Manufactured products 767 120.8 3.9 16.3
  (C1) Food products, beverages, tobacco 199 113.2 3.4 9.9
  (C2) Coke and refined petroleum products 36 225.6 29.5 110.8
  (C3) Electrical & electronic equip., computers, mach. 74 109.4 0.6 6.2
  (C4) Transport equipment 99 110.8 0.4 4.8
  (C5) Other manufactured products 359 119.9 1.9 15.4
Foreign markets
BE: TOTAL INDUSTRY 1000 124.2 5.3 19.0
CZ: Manufactured products 980 116.2 2.6 12.2
  (C1) Food products, beverages, tobacco 95 115.4 2.8 12.9
  (C2) Coke and refined petroleum products 21 213.0 26.3 111.1
  (C3) Electrical & electronic equip., computers, mach. 136 106.4 0.9 5.1
  (C4) Transport equipment 306 110.5 1.1 3.6
  (C5) Other manufactured products 422 119.0 2.1 15.8
All markets
BE: TOTAL INDUSTRY 1000 131.6 4.6 24.4
CZ: Manufactured products 829 119.3 3.5 14.9
  (C1) Food products, beverages, tobacco 169 113.6 3.3 10.4
  (C2) Coke and refined petroleum products 31 222.4 28.9 111.0
  (C3) Electrical & electronic equip., computers, mach. 92 108.0 0.7 5.7
  (C4) Transport equipment 159 110.5 0.8 4.1
  (C5) Other manufactured products 378 119.6 2.0 15.6
  • Source: INSEE.

Import prices of industrial products: +7.9%

In March 2022, the import prices of industrial products accelerated very strongly over a month (+7.9% after +0.8%) and over a year (+35.2% after +26.1%), reaching record rises according to data available since January 2005. They were strongly driven by those of mining and quarrying products, energy and water, mainly crude oil and natural gas, while manufactured product prices accelerated sharply (+3.1% after +1.1%).

The prices of coke and refined petroleum products accelerated strongly over a month (+29.9% after +8.2%) and over a year (+108.1% after +66.6%).

The prices of the “other industrial products” sped up over a month (+1.9% after +0.9%), driven by those of basic metals (+6.3% after +1.6%) and of chemicals and chemical products (+2.8% after +2.1%). Year on year, the prices of the “other industrial products” were up by 16.9% (after +16.1%).

The prices of food, beverages and tobacco accelerated strongly over a month (+3.8% after +1.2%), driven by those of oils and fats (+20.6% after +3.8%) and of processed and preserved meat (+5.9% after +2.4%). Over a year they rose by 14.4% (after +11.2%).

At last, prices rose at a more moderate pace for electrical, computer and electronic equipment and machinery (+0.7% over a month after +0.2% and +5.4% over a year after +4.9%) and transport equipment (+0.6% over a month after +0.1% and +3.2% over a year as in February 2022).

Import prices of industrial products

reference year: 2015
Import prices of industrial products (reference year: 2015)
Change in %
Levels A 10 and A 17 in CPF rev. 2 Weight Mar. 22 In 1 month In 1 year
BE: TOTAL INDUSTRY 1000 138.8 7.9 35.2
CZ: Manufactured products s 117.9 3.1 14.9
  (C1) Food products, beverages, tobacco 73 119.9 3.8 14.4
  (C2) Coke and refined petroleum products 40 205.0 29.9 108.1
  (C3) Electrical & electronic equip., computers, mach. 225 104.1 0.7 5.4
  (C4) Transport equipment 188 106.2 0.6 3.2
  (C5) Other manufactured products s 121.7 1.9 16.9
  • s: confidential
  • Source: INSEE.

The monthly variation of the producer price index in industry in February 2022 has been revised downwards by 0.1 points: it now stands at +0.7%

Revision of variations

In %
Revision of variations (In %)
Dec.21 / Nov.21 Jan.22 / Dec.21 Feb. 22 / Jan.22
French producer prices in industry sold on:
  - the home market +0.2 // -0.2
  - the foreign markets +0.2 -0.1 +0.2
  - all markets +0.2 // -0.1
Import prices of industrial products +0.1 // //
  • (1) How to read it: the variation of the producer price index in industry for products sold on the home market between January 2022 and February 2022 has been revised by –0.2 points: published in March 2022 at +1.1%, it has been updated to +0.9%.

For further information

Definition

The producer price indices in industry measure the change of producer prices of goods and services, linked to a given industrial activity and sold on the home market or on the foreign markets.

The import price indices of industrial products measure the change of transaction prices of goods and services purchased by economic agents established on French territory to non-resident agents.

Calculation method

They are calculated on the basis of the results of the survey « Observation of prices in industry and services » (Opise), which is operated by INSEE.

The methodological documentation is available at the following address: https://www.insee.fr/en/metadonnees/source/indicateur/p1639/description

Next publication: 31 May 2022 at 8.45 a.m.

Documentation

Simplified methodology note (pdf,75 Ko)

Producer and Import Price Index in Industry

Insee Méthodes n°140 - September 2021 "Producer Price Indices"

Aggregated classification - NA, 2008

French classification of products - CPF Rev. 2.1, 2015

Pour en savoir plus

Definition

The producer price indices in industry measure the change of producer prices of goods and services, linked to a given industrial activity and sold on the home market or on the foreign markets.

The import price indices of industrial products measure the change of transaction prices of goods and services purchased by economic agents established on French territory to non-resident agents.

Calculation method

They are calculated on the basis of the results of the survey « Observation of prices in industry and services » (Opise), which is operated by INSEE.

The methodological documentation is available at the following address: https://www.insee.fr/en/metadonnees/source/indicateur/p1639/description

Next publication: 31 May 2022 at 8.45 a.m.

: bureau-de-presse@insee.fr

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Time series : Industrial Producer and Import Price Indices

Insee Méthodes n°140 - September 2021 "Producer Price Indices"