Producer and Import Price Index in Industry 

IPPI

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Paru le :Paru le05/12/2024
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Présentation statistique

Statistical concepts and definitions

Four main indicators are calculated:  
- Producer price indices in industry for the French market measure price evolutions for transactions involving goods that comes from the activities of French industry and sold on the French market. The measurement is established at the basic prices (excluding VAT, excluding direct taxes on products and with subsidies on the products not deducted, including intra-group transactions), and at the market prices (with taxes on the products but excluding VAT, subsidies on the products deducted, excluding intra-group transactions).  
- Producer price indices of industry for external markets monitore the transaction price trends (converted into euros and thus including exchange rate effects) for goods derived from the activities of French industry and sold on foreign markets. It is "production exported" rather than "exports", which also include re-exports or intermediation by traders (possibly from the same group as the producers). All transactions are considered, whether intra-group or not. Foreign markets distinguish the euro area and the rest of the world;  
- The combination of the previous two indices determines the producer price indices in industry for all markets (French market and foreign markets), at basic price ;
- The price indices for the importation of industrial products, which track the transaction price trends (converted in euros, and thus including exchange-rate effects) for goods from activities of foreign industry and sold on the French market. The measurement is established on a Cost, Insurance, Freight (CIF)-inclusive basis, i.e. the price is evaluated at the French border excluding customs duty and import taxes, in accordance with the European regulation no. 1165/98. All imports are considered, regardless of whether or not they are intra-grouped.

For several branches of activity, these four price indices are supplemented by the price indices of the domestic supply of industrial products, which result from the aggregation of the import price indices and the producer price indices of industry for French market. They show the price trends for industrial products marketed in France, regardless of their place of production.

Statistical population

According to the European Regulation No. 1165/98, the scope of the production price indices in  industry consists of Sections B to E of the CPF revision 2.1 of  2015, with the exception of the following products :
- B07.21 : Uranium and thorium ore;
- C24.46 : Processed nuclear fuels;
- C25.4 : Arms and ammunition;
- C30.1 : Ships and boats;
- C30.3 : Aircraft and spacecraft;
- C30.4 : Military combat vehicles;
- E37 : Collection and treatment of waste water and sewage sludge;
- E38 : Collection, processing and elimination of material recovery wastes;
- E39 : Pollution control and other waste management services.

The price indices for the importation of industrial products, the field is Sections B to D, from which the European Regulation excludes the following products :
- B09 : Support services for extractive industries;
- B07.21 : Uranium and thorium ore;
- C18 : Printing and reproduction activities;
- C24.46 : Processed nuclear fuels;
- C25.4 : Arms and ammunition;
- C30.1 : Ships and boats;
- C30.3 : Aircraft and spacecraft;
- C30.4 : Military combat vehicles;
- C33 : Repair and installation of machines and equipment.

However, in order to meet the wider application of the national accounts, all industrial activities are taken into account, wether covered or not by the STS Regulation. Uninvestigated activities are imputed.

The field has been covered on a gradual basis: while the producer price indices for the French market have been disseminated since 1980 (under the term "Industrial Sale Price Indices"), the observation of the producer prices for foreign markets began in 2001 and the observation of the prices of imported industrial products generally began in October 2005. These two types of indices were retropolated using unit value indices of foreign trade.

In 2016, the coverage of the French industry stood at 99.8% for producer price Indices for the French market according to the field of European Regulation No. 1165/98 and at 96.2% for prices production for external markets; it reaches 98.7% for import prices of industrial products. These rates are reduced respectively to 94%, 89% if we consider the total industry without exclusion of Sections B to E of the CPF revision 2.1 of 2015 for producer price indices and 93% without exclusion of Sections B to D of the CPF revision 2.1 of  2015 for import price indices.