30 June 2011
2011- n° 162In May 2011, marked decline of petroleum products prices Industrial Producer and Import Price Indices - May 2011
In May, French producer prices in industry on the French market moved back (-0.5 %, after +0.8 % in April), after an ininterrupted progress since September 2009. The marked decline of petroleum products, combined to the seasonal drop of steam and hot water tariffs, explained this move.
Producer price indices in French industry
FRENCH MARKET: -0.5 % in May
In May, French producer prices in industry on the French market moved back (-0.5 %, after +0.8 % in April), after an ininterrupted progress since September 2009. The marked decline of petroleum products, combined to the seasonal drop of steam and hot water tariffs, explained this move.
After months of progress, petroleum products prices declined markedly...
Prices of petroleum products declined for the first time since September 2010, in line with the fall of Brent Crude oil spot (-6.9 % in dollar, -6.1 % in euro). All refined petroleum products were concerned, with nevertheless more notable falls for diesel oil (-5.3 %) and domestic fuel oil (-7 %).
The seasonal drop of steam and hot water tariffs impacted also the energetic producs prices
Prices of section “Electricity, gas, steam and air conditioning” moved back on this same month by 2.4 %, reflecting mainly the seasonal drop of steam and hot water tariffs (-25 %).
Food products prices increased, “other manufactured products” too
Food products prices increased by 0.4 % in May, anyway more moderately than during previous months. Processed and preserved meat prices grew by 0.6 %, after +2.8 % in April, while beverages prices moved up again (+0.5 %), pushed by wine prices (+0.8 %) and malt (+6.2 %).
“Other manufactured products” recorded a progress by 0.4 %, linked to the still notable rises of chemical products.
FOREIGN MARKETS: -0.2 % in May
French producer prices in industry on the foreign markets decreased by 0.2 % in May, after +0.3 % in April. The decline of refined petroleum products (–4.6 %) was augmented by this of pharmaceuticals (–2.7 %), in a context of market authorization for new generic drugs.
ALL MARKETS: -0.4 % in May
On all markets, the drop of industrial products prices was by 0.4 % in May. Year-on-year, the increase was by 5.3 % for the whole (5.8 % in April), refined petroleum products increasing upon a year by 24.3 % (30.3 % in April).
Import prices indices of industrial products: -0.9 % in May
The imported industrial products prices recorded a decrease by 0.9 %, after sensible and continuous rises since November 2010. The marked decline of petroleum products prices explained mainly this fall, due also to decreases of rubber and basic metals prices (respectively -0.6 % and -0.5 %).
graphiqueGraphique1_EN – Total Industry price indices
graphiqueGraphique2_EN – Producer price indices of manufactured products sold on the french market
graphiqueGraphique3_EN – Import price indices of manufactured products
tableauTableau1 – French Producer Price Indices in industry according to the market where the products are sold:
| Change in % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 in CPF rev. 2, 2008 | Weight | May 11 | In 1 month | In 1 year |
| French market | ||||
| BE:TOTAL INDUSTRY | 1000 | 115.3 | –0.5 | 6.0 |
| (DE) Mining and quarrying. energy. water | 130 | 127.1 | –1.8 | 7.4 |
| CZ: Manufactured prod. | 870 | 113.5 | –0.3 | 5.8 |
| (C1) Food products. beverages. tobacco | 188 | 109.7 | 0.4 | 6.8 |
| (C2) Coke and refined petroleum products | 70 | 153.2 | –4.6 | 24.3 |
| (C3) Electrical & electronic equip.. computers. mach. | 92 | 109.3 | –0.1 | 1.0 |
| (C4) Transport equipment | 79 | 105.4 | 0.1 | 1.1 |
| (C5) Other man. products | 441 | 111.1 | 0.4 | 3.8 |
| Foreign markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 107.3 | –0.2 | 3.6 |
| CZ: Manufactured prod. | s | 106.6 | –0.2 | 3.3 |
| (C1) Food products. beverages. tobacco | 82 | 116.4 | 0.0 | 7.9 |
| (C2) Coke and refined petroleum products | 25 | 205.9 | –4.6 | 24.5 |
| (C3) Electrical & electronic equip.. computers. mach. | 202 | 96.8 | 0.1 | 0.9 |
| (C4) Transport equipment | 211 | 99.7 | 0.0 | –0.1 |
| (C5) Other man. products | s | 107.0 | –0.1 | 3.2 |
| All markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 112.7 | –0.4 | 5.3 |
| CZ: Manufactured prod. | s | 111.1 | –0.3 | 5.0 |
| (C1) Food products. beverages. tobacco | 154 | 110.9 | 0.3 | 7.0 |
| (C2) Coke and refined petroleum products | 56 | 160.6 | –4.6 | 24.3 |
| (C3) Electrical & electronic equip.. computers. mach. | 127 | 103.0 | 0.0 | 0.9 |
| (C4) Transport equipment | 121 | 102.3 | 0.1 | 0.5 |
| (C5) Other man. products | s | 109.8 | 0.2 | 3.6 |
tableauTableau2 – Import prices of industrial products
| Change en % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 of nomenclature CPF rev. 2. 2008 | Weight | May 11 | In 1 month | In 1 year |
| BE:TOTAL INDUSTRY | 1000 | 117.3 | –0.9 | 8.0 |
| CZ: Manufactured prod. | s | 108.7 | –0.3 | 4.5 |
| (C1) Food products. beverages. tobacco | 69 | 124.7 | –0.1 | 9.1 |
| (C2) Coke and refined petroleum products | 41 | 153.8 | –5.9 | 24.0 |
| (C3) Electrical & electronic equip.. computers. mach. | 210 | 94.0 | 0.2 | –0.7 |
| (C4) Transport equipment | 133 | 101.4 | 0.2 | 1.2 |
| (C5) Other manufactured products | s | 111.3 | 0.1 | 4.8 |
- r: updated ; nd: non available ; s : confidential
tableauTableau3 – Revision of each index at total industry level
| Feb.11 / Jan.11 | Mar.11 / Feb.11 | Apr.11 / Mar.11 | |
|---|---|---|---|
| French producer prices in industry sold on: | |||
| - the French market | // | // | // |
| - the foreign markets | // | –0.1 | // |
| - all markets | +0.1 | +0.1 | +0.1(1) |
| Import prices of industrial products | –0.1 | +0.1 | // |
- (1) Reading note: the evolution of the index between Mar.11 and Apr.11 published last month was equal to 0.6 %. It is updated to 0.7 %; that is to say a revision of +0.1 %.
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