Insee
Informations Rapides · 30 June 2023 · n° 168
Informations rapidesIn May 2023 the industrial producer prices went down over a month (-1.4%) and decelerated over a year (+3.4% after +5.0%) Industrial Producer and Import Price Indices - May 2023

In May 2023, the overall producer prices in the French industry were down again over a month (-1.4% after -4.1%). Prices went down for products sold on the home market (-1.4% after -5.2%) as well as for those intended for foreign markets (-1.4% after -0.9%). Over a year, the industrial producer prices kept rising but slowed down (+3.4% after +5.0%).

Excluding energy, the producer prices in the French industry were down over a month (-0.5% in May 2023 after -0.3% in April) and decelerated over a year (+3.5% after +5.1%).

Informations rapides
No 168
Paru le :Paru le30/06/2023
Prochaine parution le : 29/08/2025 at 08:45 - July 2025
Imprimer
Découvrir la collection
Données
(xlsx, 180 Ko)

Total Industry price indices

Total Industry price indices
PPI for all markets PPI for home market PPI for foreign markets Import prices
2023-05 136.7 142.4 122.3 123.5
2023-04 138.6 144.4 124.0 126.6
2023-03 144.5 152.3 125.1 127.8
2023-02 142.8 149.5 126.1 130.0
2023-01 143.8 151.0 126.0 129.8
2022-12 141.5 147.0 127.8 132.9
2022-11 140.0 145.2 127.3 134.2
2022-10 139.3 144.2 127.4 135.0
2022-09 141.0 144.5 132.2 136.9
2022-08 140.6 143.1 134.6 141.2
2022-07 137.2 139.1 132.4 139.2
2022-06 134.3 136.5 128.7 138.4
2022-05 132.2 134.6 125.9 137.8
2022-04 132.0 135.0 124.4 137.3
2022-03 132.0 135.0 124.6 139.1
2022-02 125.9 129.0 118.0 128.6
2022-01 125.1 128.0 117.9 127.6
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: -1.4%

In May 2023, the overall producer prices in the French industry were down again over a month (-1.4% after -4.1%). Prices went down for products sold on the home market (-1.4% after -5.2%) as well as for those intended for foreign markets (-1.4% after -0.9%). Over a year, the industrial producer prices kept rising but slowed down (+3.4% after +5.0%).

Excluding energy, the producer prices in the French industry were down over a month (-0.5% in May 2023 after -0.3% in April) and decelerated over a year (+3.5% after +5.1%).

HOME MARKET: -1.4%

In May 2023, the producer prices in the French industry for the home market fell over a month (-1.4% after -5.2% in April 2023), due to a fall in the prices of mining and quarrying products, energy and water (-2.2% after -13.9%) and those of manufactured goods (-1.0% after -0.5%). Over a year, the producer prices in the French industry for the home market decelerated: +5.8% after +7.0%. They were approximately 29% above their 2021 average level.

Fall in prices of mining and quarrying products, energy and water

In May 2023, the prices of mining and quarrying products, energy and water continued to go down over a month (-2.2% after -13.9% in April 2023), driven down by the prices of production and trade of electricity (-2.1% after -15.1%) as the spot market price for electricity fell below €100/MWh, a level not seen since August 2021. Over a year, the prices of mining and quarrying products, energy and water accelerated however (+17.6% after +13.5%). They were approximately 57% above their 2021 average level.

Drop of refined petroleum products prices

In the wake of crude oil prices, the prices of refined petroleum products went down again over a month (-7.8% after -4.8%). They were significantly down over a year (-36.7% after -25.0%) but were still approximately 30% above their 2021 average level.

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
2023-05 155.0
2023-04 168.1
2023-03 176.5
2023-02 179.3
2023-01 193.5
2022-12 187.5
2022-11 214.1
2022-10 245.3
2022-09 220.0
2022-08 224.1
2022-07 244.5
2022-06 275.6
2022-05 244.8
2022-04 224.0
2022-03 225.7
2022-02 174.1
2022-01 157.1
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.

Fall of the other industrial products prices

In May 2023, the prices of the “other industrial products” went down again over a month (-0.9% after -0.7% in the previous month): prices of “other inorganic basic chemicals” were sharply down (-16.4% after -4.5%) as well as those of “other chemical products not elsewhere classified” (-11.7% after -8.6%). Over a year, the prices of the “other industrial products” fell back (-0.4% after +1.7%). They stood approximately 16% above their 2021 average level.

Downturn of food and beverage prices

In May 2023, food and beverage prices fell back over a month (-0.4% after +0.6%), this is the first fall registered since January 2021. Prices of processed and preserved meat fell back (-2.1% after +0.8%) given the drop in demand ; those of prepared feeds for farm animals continued to go down (-1.9% after -1.2%), as cereal prices eased. Over a year, food and beverage prices decelerated (+12.6% after +15.2%) but their rise remained sharp. They were approximately 30% above their 2021 average level.

Downturn of transport equipment prices

In May 2023, transport equipment prices fell back over a month (-0.3% after a virtual stability in the previous month) owing to those of motor vehicles (-0.6% after +0.2%). Over a year, they continued to be on a high rise (+9.1% after +10.4%) and were approximately 14% above their 2021 average level.

Rise of electrical, computer and electronic equipment and machinery prices

In May 2023, the prices of electrical, computer and electronic equipment and machinery accelerated slightly over a month (+0.3% after +0.1% in the previous month) driven by those of machinery and equipment not elsewhere classified (+0.5% after +0.3%) : in addition to demand outstripping supply for certain types of machines, parts of the previous rises in raw materials and energy costs were still being passed on in this industry. Over a year, the prices of electrical, computer and electronic equipment and machinery decelerated (+5.9% after +6.2%) and stood 13% above their 2021 average level.

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
2023-05 134.9 117.7 122.5 124.7
2023-04 135.4 117.3 122.9 125.8
2023-03 134.6 117.2 122.8 126.7
2023-02 131.8 117.0 122.6 126.9
2023-01 130.4 116.0 122.6 127.2
2022-12 127.8 113.9 122.0 125.9
2022-11 127.7 113.9 119.9 126.6
2022-10 126.7 113.6 117.7 126.8
2022-09 125.1 113.1 115.9 126.6
2022-08 124.8 112.7 114.6 126.6
2022-07 123.6 112.2 114.2 126.3
2022-06 121.3 111.7 113.1 125.9
2022-05 119.8 111.1 112.3 125.2
2022-04 117.5 110.5 111.3 123.7
2022-03 113.5 109.7 111.0 120.4
2022-02 109.6 109.0 110.4 118.0
2022-01 108.6 108.1 110.2 116.8
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
  • Legend: C1: Food products, beverages and tobacco products - C3: Electrical, electronic, computer equipments; machinery - C4: Transport equipment - C5: Other industrial products

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

  • Legend: C1: Food products, beverages and tobacco products - C3: Electrical, electronic, computer equipments; machinery - C4: Transport equipment - C5: Other industrial products
  • Source: INSEE

FOREIGN MARKETS: -1.4%

In May 2023, the industrial producer prices for the foreign markets went down again (-1.4% after -0.9%), driven down to a large extent by the prices of mining and quarrying products, energy and water. Prices of refined petroleum products were back significantly (-11.0% after -1.5% in April 2023) while those of transport equipment rebounded (+0.4% after -0.8%).

Over a year, the producer prices in the French industry for the foreign markets went down again (-2.9% after -0.3% in the previous month) but nonetheless stood approximately 13% above their 2021 average level.

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)
Changes in %
over a month over a year
Levels A 10 and A 17 in CPF rev. 2 Weight May 23 May 23 / April 23 April 23 / March 23 May 23 / May 22 April 23 / April 22
Home market
BE: TOTAL INDUSTRY 711 142.4 -1.4 -5.2 5.8 7.0
(DE) Mining and quarrying, energy, water 166 191.7 -2.2 -13.9 17.6 13.5
CZ: Manufactured products 545 127.7 -1.0 -0.5 1.2 4.2
  (C1) Food products, beverages, tobacco 141 134.9 -0.4 0.6 12.6 15.2
  (C2) Coke and refined petroleum products 26 155.0 -7.8 -4.8 -36.7 -25.0
  (C3) Electrical & electronic equip., computers, mach. 53 117.7 0.3 0.1 5.9 6.2
  (C4) Transport equipment 70 122.5 -0.3 0.1 9.1 10.4
  (C5) Other manufactured products 255 124.7 -0.9 -0.7 -0.4 1.7
Foreign markets
BE: TOTAL INDUSTRY 289 122.3 -1.4 -0.9 -2.9 -0.3
CZ: Manufactured products s 121.1 -0.6 -0.8 0.2 2.4
  (C1) Food products, beverages, tobacco 28 137.3 -0.2 -1.0 13.7 16.1
  (C2) Coke and refined petroleum products 6 143.1 -11.0 -1.5 -37.5 -22.4
  (C3) Electrical & electronic equip., computers, mach. 39 112.2 -0.1 -0.3 4.3 4.9
  (C4) Transport equipment 88 117.6 0.4 -0.8 3.8 4.6
  (C5) Other manufactured products s 122.1 -0.8 -0.9 -2.6 -0.4
All markets
BE: TOTAL INDUSTRY 1000 136.7 -1.4 -4.1 3.4 5.0
CZ: Manufactured products s 125.5 -0.9 -0.5 0.9 3.6
  (C1) Food products, beverages, tobacco 169 135.3 -0.4 0.3 12.7 15.4
  (C2) Coke and refined petroleum products 31 152.2 -8.4 -4.1 -36.8 -24.5
  (C3) Electrical & electronic equip., computers, mach. 92 115.3 0.2 -0.1 5.2 5.6
  (C4) Transport equipment 159 119.6 0.1 -0.3 6.1 7.2
  (C5) Other manufactured products s 123.9 -0.9 -0.7 -1.0 1.1
  • s: confidential
  • Source: INSEE.

Import prices of industrial products: -2.4%

In May 2023, the import prices of industrial products fell again (-2.4% after -0.9%), in particular those of mining and quarrying products, energy and water. Prices of “other industrial products” were still down (-0.9% after -0.7%) driven down by those of “other inorganic basic chemicals” (-10.1% after -6.1%). Prices of coke and refined petroleum products went down as well again (-7.9% after -6.4%) while those of transport equipment accelerated slightly over a month (+0.3% after +0.2%).

Over a year, the import prices of industrial products continued to fall (-10.4% after -7.8%). However, they were approximately 13% above their 2021 average level.

Import prices of industrial products

reference year: 2015
Import prices of industrial products (reference year: 2015)
Changes in %
over a month over a year
Levels A 10 and A 17 in CPF rev. 2 Weight May 23 May 23 / April 23 April 23 / March 23 May 23 / May 22 April 23 / April 22
BE: TOTAL INDUSTRY 1000 123.5 -2.4 -0.9 -10.4 -7.8
CZ: Manufactured products s 118.6 -0.8 -0.7 -2.5 -0.7
  (C1) Food products, beverages, tobacco 73 128.6 -0.2 -0.8 3.7 5.5
  (C2) Coke and refined petroleum products 40 137.2 -7.9 -6.4 -37.0 -29.0
  (C3) Electrical & electronic equip., computers, mach. 225 108.3 0.0 0.0 2.8 2.9
  (C4) Transport equipment 188 115.4 0.3 0.2 7.9 7.5
  (C5) Other manufactured products s 121.7 -0.9 -0.7 -4.1 -2.3
  • s: confidential
  • Source: INSEE.

Revisions

The monthly variation of the producer price index in the French industry in April 2023 is unchanged: it stands at -4.1%.

Revision of variations

In %
Revision of variations (In %) - How to read it: the variation of the producer price index in industry for products sold on the home market between March 2023 and April 2023 has been revised by -0.1 points: published in May 2023 equal to -5.1%, it has been updated to -5.2%.
April 23 / March 23 March 23 / Feb.23 Feb.23 / Jan.23
French producer prices in industry sold on:
  - the home market -0.1 // //
  - the foreign markets -0.1 +0.1 //
   - all markets // // //
Import prices of industrial products // -0.1 +0.1
  • //: unrevised evolution (after rounding)
  • How to read it: the variation of the producer price index in industry for products sold on the home market between March 2023 and April 2023 has been revised by -0.1 points: published in May 2023 equal to -5.1%, it has been updated to -5.2%.
  • Source : INSEE

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.

Further information (simplified and detailed methodology notes, classification, etc.) are available in the tab “Documentation” of this publication webpage.

Next publication: 28 July 2023 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.

Further information (simplified and detailed methodology notes, classification, etc.) are available in the tab “Documentation” of this publication webpage.

Next publication: 28 July 2023 at 8.45 a.m.

: bureau-de-presse@insee.fr

Publication calendar

Time series : Industrial Producer and Import Price Indices

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