Industrial prices up again in June, spurred on by coke and refined petroleum productsIndustrial Producer and Import Price Indices - June 2009

French producer prices in industry dedicated to the domestic market jumped by 0,6% in June after ten months of consecutive decreases (-8.7% year-on-year). This overall rebound is driven by energy prices: the bounce in prices of coke and refined petroleum products, which started in April, clearly strengthened in June (+12.8% after +3.0% and +4.7%). Meanwhile, prices of electricity, gas, steam and air conditioning supply levelled off (-0.2% after -2.5% and -5.5%) and prices of other products remained steady.

Informations rapides
No 206
Paru le : 29/07/2009
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

Producer price indices in industry

FRENCH MARKET: +0.6%

French producer prices in industry dedicated to the domestic market jumped by 0,6% in June after ten months of consecutive decreases (-8.7% year-on-year). This overall rebound is driven by energy prices: the bounce in prices of coke and refined petroleum products, which started in April, clearly strengthened in June (+12.8% after +3.0% and +4.7%). Meanwhile, prices of electricity, gas, steam and air conditioning supply levelled off (-0.2% after -2.5% and -5.5%) and prices of other products remained steady.

Updating of January 2009 indice following the Law of Modernization of the Economy (LME)

The enforcement of the LME at the beginning of 2009 had induced a decrease in selling prices to mass-market retailing sector of products of the food industry and consumer goods, by way of compensation for the disappearance of listing fees (made up of the sums that suppliers pay retailers for services linked to the resale of goods - e.g., promotional schemes - and by conditional discounts). This phenomenon has no effect on added value. Complying with European Regulation n°1165/98.1, Insee decided to bring the measurement of prices into line with an accounting concept of double net price. So far the different kinds of prices were not distinguished. Consequently, the variation of the basic prices indice of food products, beverages and tobacco between December 2008 and January 2009, announced at -3.9%, has been updated down to -6.6%.

FOREIGN MARKETS: +0,1%

French non-domestic industrial producer prices remained nearly stable since April. Year-on-year, they fell by 4.7%.

ALL MARKETS: +0,5%

French industrial producer prices for all markets (French and foreign markets) increased for the first time since ten months. Compared to June 2009, they decreased by 7.5%.

Import prices indices of industrial products: +1,2%

In May, prices of imported industrial products accelerated (+1.2% after +0.6% and -1.4%), due to the rise in prices of hydrocarbons. They dropped by 9.4% year-on-year, according to the fall in trading prices of petroleum products and raw materials.

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Notices:

(1) Since February 2009 results, producer price indices in industry and industrial import price indices are expressed in base and reference 2005, according to the 2008 revision of the classification of activities and products (NAF rev. 2 and CPF rev. 2, identical to NACE rev.2 and CPA rev. 2).

(2) In accordance with what had been announced in March 2009, economic and accounting effects of the Law of Modernization of the Economy (LME) have been distinguished and January indices have been accordingly updated.

Graphique1 – Total industry price indices

Graphique2 – Producer price indices of manufactured products dedicated to the French market

Graphique3 – Import price indices of manufactured products

Tableau 1 – French Producer Prices Indices in industry according to the market they are dedicated:

base and reference year: 2005
French Producer Prices Indices in industry according to the market they are dedicated:
Change in %
Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 Weight Jun.09 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 104,9 0,6 -8,7
(DE) Mining and quarrying products, energy, water, waste management and remediation 130 111,2 -0,2 -2,1
CZ: MANUFACTURED PRODUCTS 870 104,0 0,8 -9,6
(C1) Food products, beverages and tobacco 188 103,8 0,0 -9,4
(C2) Coke and refined petroleum products 70 92,8 12,8 -46,7
(C3) Electrical and electronic equipments, computers, machines 92 108,8 -0,1 0,2
(C4) Transport equipment 79 103,8 0,0 1,4
(C5) Other manufactured products 441 104,9 -0,1 -4,1
Foreign markets
BE:TOTAL INDUSTRY 1000 101,0 0,1 -4,7
CZ: MANUFACTURED PRODUCTS s 100,9 0,2 -4,7
(C1) Food products, beverages and tobacco 82 108,1 0,5 -3,0
(C2) Coke and refined petroleum products 25 139,1 7,7 -34,1
(C3) Electrical and electronic equipments, computers, machines 202 97,6 -0,2 1,0
(C4) Transport equipment 211 99,5 0,1 -1,1
(C5) Other manufactured products s 99,7 0,0 -5,8
All markets
BE:TOTAL INDUSTRY 1000 103,7 0,5 -7,5
CZ: MANUFACTURED PRODUCTS s 102,9 0,5 -8,0
(C1) Food products, beverages and tobacco 154 104,5 0,0 -8,4
(C2) Coke and refined petroleum products 56 99,3 11,7 -44,6
(C3) Electrical and electronic equipments, computers, machines 127 103,2 -0,1 0,6
(C4) Transport equipment 121 101,4 0,0 0,0
(C5) Other manufactured products s 103,2 -0,1 -4,6

    Tableau 2 – Import prices of industrial products

    base and reference year: 2005
    Import prices of industrial products
    Change en %
    Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 Weight Jun.09 In 1 month In 1 year
    BE:TOTAL INDUSTRY 1000 103,6 1,2 -9,4
    CZ: MANUFACTURED PRODUCTS s 99,9 0,3 -6,5
    (C1) Food products, beverages and tobacco 69 112,1 0,2 -3,1
    (C2) Coke and refined petroleum products 41 99,9 11,0 -41,2
    (C3) Electrical and electronic equipments, computers, machines 210 94,5 -0,5 -2,1
    (C4) Transport equipment 133 100,9 0,0 -0,3
    (C5) Other manufactured products s 100,2 -0,1 -5,7
    • r: updated ; nd: non available ; s: confidential

    Tableau 3 – Updating of each index at total industry level

    Measurements (in %)
    Updating of each index at total industry level
    Mar.09 / Feb.09 Apr.09 / Mar.09 May 09 / Apr.09
    French producer prices in industry dedicated to the French market +0,1 -0,1 -0,1(1)
    French producer prices in industry dedicated to the foreign markets -0,1 // -0,1
    French producer prices in industry dedicated to all markets // // -0,1
    Import prices of industrial products // -0,1 //
    • (1) Reading note: the evolution of the indice between apr.09 and may 09 published last month was equal to -0,3 %. It is updated to -0,4 %; that is to a say a revision of -0,1 %.