Informations Rapides ·
31 May 2022 · n° 146
Services producer prices rose by 0.6% in Q1 2022 and by 3.5% over a year Services producer price indices - first quarter 2022
In the first quarter of 2022 as in the previous one, producer prices of services rose by 0.6% over a quarter. Those of services sold to home businesses decelerated (+0.5% after +0.9%), as did those of exported services (+1.3% after +1.5%). The producer prices of services sold to households in France rebounded in accordance with the usual seasonal pattern (+0.5% after –0.8%). Year on year, producer prices of services – for all markets – rose by 3.5%, as in the previous quarter.
- All markets: +0.6%
- Services sold to home businesses: +0.5%
- Rise of prices for real estate activities, for administrative and support service activities and for transportation and storage services
- Seasonal downturn of prices for accommodation and food service activities
- Stability of prices for professional, scientific and technical activities and for information and communication services
- Services sold to households in France: +0.5%
- Services sold on foreign markets: +1.3%
- Revisions
- For further information
tableauProducer price indices for all services
| All markets | Home businesses | Households in France | Export | |
|---|---|---|---|---|
| 2022-Q1 | 108.3 | 107.1 | 106.3 | 119.5 |
| 2021-Q4 | 107.7 | 106.6 | 105.8 | 118.0 |
| 2021-Q3 | 107.1 | 105.7 | 106.7 | 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 first quarter of 2022 as in the previous one, producer prices of services rose by 0.6% over a quarter. Those of services sold to home businesses decelerated (+0.5% after +0.9%), as did those of exported services (+1.3% after +1.5%). The producer prices of services sold to households in France rebounded in accordance with the usual seasonal pattern (+0.5% after –0.8%). Year on year, producer prices of services – for all markets – rose by 3.5%, as in the previous quarter.
tableauServices producer price indices for all markets (BtoAll*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2022Q1 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 108.3 | 0.6 | 3.5 |
| H : transportation and storage services | 194 | 121.7 | 0.7 | 10.2 |
| I : accommodation and food service activities | 103 | 107.1 | 0.8 | 3.0 |
| J : information and communication services | 201 | 100.3 | 0.1 | 0.8 |
| L : real estate activities | 136 | 107.1 | 0.8 | 1.5 |
| M : professional, scientific and technical activities | 191 | 106.1 | 0.4 | 1.9 |
| N : administrative and support service activities | 166 | 106.9 | 1.1 | 2.6 |
- *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: +0.5%
In the first quarter of 2022, producer prices of services sold to home businesses decelerated over a quarter (+0.5% after +0.9%), but accelerated over a year (+2.3% after +1.9%).
tableauServices producer price indices: services sold to home businesses (BtoB*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2022Q1 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 107.1 | 0.5 | 2.3 |
| H : transportation and storage services | 193 | 115.5 | 0.8 | 5.1 |
| I : accommodation and food service activities | 46 | 101.7 | -0.8 | 2.9 |
| J : information and communication services | 233 | 100.6 | 0.0 | 0.7 |
| L : real estate activities | 95 | 112.7 | 1.5 | 2.5 |
| M : professional, scientific and technical activities | 214 | 105.1 | 0.1 | 1.2 |
| N : administrative and support service activities | 211 | 107.3 | 1.0 | 2.3 |
- *BtoB: business to business
- The sector S "Other services" is not displayed due to its low economic weight.
- Source: INSEE
Rise of prices for real estate activities, for administrative and support service activities and for transportation and storage services
In the first quarter of 2022, prices for real estate activities accelerated sharply over a quarter (+1.5% after +0.5%) and over a year (+2.5% after +0.3%). They were lifted by the acceleration of prices in renting and operating services of own or leased real estate (+1.8% over a quarter, after +0.3%).
Prices for administrative and support service activities sped up slightly in the first quarter of 2022, both over a quarter (+1.0% after +0.8%) and over a year (+2.3% after +2.0%). They were mainly held up by the strong acceleration of prices for rental and leasing services (+1.9% over a quarter, after +0.2%), while those for employment services stabilized (+0.1% over a quarter, after +2.0%).
Prices for transportation and storage services went up by 0.8% in the first quarter of 2022 (after +0.7%), driven by a new acceleration of prices for freight transport services by road (+3.1% after +1.6% and +0.7%). On the contrary, prices for warehousing and support services for transportation slowed down slightly (+0.2% after +0.3%). Year on year, prices for transportation and storage services decelerated slightly (+5.1% after +5.6%).
Seasonal downturn of prices for accommodation and food service activities
In the first quarter of 2022, prices for accommodation and food service activities fell back over a quarter (–0.8% after +0.4%), mainly due to the seasonal downturn of those for hotel and similar accommodation services (–7.4% after +0.8%). Year on year, prices for accommodation and food service activities slowed down (+2.9% after +3.7%).
Stability of prices for professional, scientific and technical activities and for information and communication services
Prices for professional, scientific and technical activities were virtually stable in the first quarter of 2022 over a quarter (+0.1% after +1.1%). Those for media representation services fell back in accordance with the usual seasonal pattern (–11.2% after +15.3%), while those for engineering services and related technical consulting services rose again (+0.7% after +0.4%). Year on year, prices for professional, scientific and technical activities went up by 1.2% (after +1.1%).
At last, prices for information and communication services were stable in the first quarter of 2022 over a quarter (after +1.2%). The seasonal downturn of prices for programming and broadcasting services (–10.4% after +13.5%) was offset by the new rise of prices for computer consultancy services (+1.1%, as in the previous quarter). Year on year, prices for information and communication were back on the rise (+0.7% after a stability).
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 | |
|---|---|---|---|---|---|---|
| 2022-Q1 | 115.5 | 101.7 | 100.6 | 112.7 | 105.1 | 107.3 |
| 2021-Q4 | 114.6 | 102.5 | 100.6 | 111.0 | 105.0 | 106.2 |
| 2021-Q3 | 113.8 | 102.1 | 99.4 | 110.4 | 103.9 | 105.4 |
| 2021-Q2 | 110.5 | 100.0 | 100.3 | 110.5 | 104.1 | 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: +0.5%
In the first quarter of 2022, producer prices of services sold to households in France rebounded over a quarter (+0.5% after –0.8%), mainly due to the seasonal rebound in prices for accommodation and food service activities (+1.6% after –2.8%). Prices for professional, scientific and technical activities remained dynamic (+1.9% after +2.0%). Year on year, producer prices of services sold to households in France kept accelerating (+2.7% after +2.3% and +1.9%).
tableauServices producer price indices: services sold to households in France (BtoC*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2022Q1 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 106.3 | 0.5 | 2.7 |
| H : transportation and storage services | 160 | 108.6 | -1.5 | 6.0 |
| I : accommodation and food service activities | 284 | 109.6 | 1.6 | 3.0 |
| J : information and communication services | 133 | 101.6 | 0.4 | 0.2 |
| L : real estate activities | 294 | 102.4 | 0.1 | 0.8 |
| M : professional, scientific and technical activities | 78 | 116.7 | 1.9 | 6.7 |
| N : administrative and support service activities | 37 | 100.4 | 1.2 | 2.6 |
- *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: +1.3%
In the first quarter of 2022, exported services producer prices decelerated slightly over a quarter (+1.3% after +1.5%), and more significantly over a year (+12.4% after +15.0%). Those for transportation and storage services decelerated again (+2.2% after +2.5% and +15.5%), due to the slowdown of prices for sea and coastal freight water transport services (+3.3% after +4.4% and +25.8%). However, prices for transportation and storage services remained on a strong rise over a year (+32.3% after +44.8%). At last, prices for administrative and support service activities accelerated slightly over a quarter (+1.9% after +1.7%) and more significantly over a year (+4.8% after +3.0%).
tableauServices producer price indices: services sold on foreign markets (BtoE*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2022Q1 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 119.5 | 1.3 | 12.4 |
| H : transportation and storage services | 279 | 162.6 | 2.2 | 32.3 |
| J : information and communication services | 183 | 95.8 | 0.2 | 2.5 |
| M : professional, scientific and technical activities | 323 | 103.5 | 0.6 | 1.7 |
| N : administrative and support service activities | 205 | 108.4 | 1.9 | 4.8 |
- *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 | 2021Q2/ 2021Q1 | 2021Q3/ 2021Q2 | 2021Q4/ 2021Q3 |
|---|---|---|---|
| - services sold to all markets (BtoAll) | // | // | // |
| - services sold to home businesses (BtoB) | // | // | // |
| - services sold to households in France (BtoC) | // | +0.1 | // |
| - exported services (BtoE) | // | // | -0.1 |
- //: unrevised evolution
- How to read it: the variation of the services producer price index for all markets between the third quarter of 2021 and the fourth quarter of 2021 is unchanged: +0.6% as it was published in February 2022.
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 August 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 August 2022 at 12.00 p.m.