29 April 2011
2011- n° 110In March 2011, strong acceleration of petroleum products prices Industrial Producer and Import Price Indices - March 2011
French producer prices in industry on the French market increased again : +0.9 %, after 0.8 % in February. These marked rises were observed for the sixth consecutive month. They resulted mainly this month from the strong acceleration of petroleum products prices.
Producer price indices in French industry
FRENCH MARKET: +0.9 % in March
French producer prices in industry on the French market increased again : +0.9 %, after 0.8 % in February. These marked rises were observed for the sixth consecutive month. They resulted mainly this month from the strong acceleration of petroleum products prices.
Refined petroleum products prices lead firmly the whole...
Refined petroleum products prices raised indeed by 7.2 %, after +4.0 % in February. The acceleration of petroleum products prices was marked for all products, notably premium gas (+6.2 % after +1.4 %) and diesel (+7.0 % after +3.9 %), in a context of continuous and strong increases of North Sea Brent crude prices (+5.1 % and +3.9 % respectively in March and February for Brent in euro).
… followed far away by food products prices …
Food products prices progressed again in March, by 0.7 %, after +1.0 % in February. The increases of meat products prices (+1.7 %, after +1.3 % in February) and dairy products prices (+1.0 % after +1.2 % in February) went on, while prices of beverages declined slightly (–0.6 %).
…while “other manufactured products” prices were stabilizing
The stabilization of “other manufactured products” prices resulted however from opposite changes : still marked increases for chemicals (+1.0 %), slight progressions for textiles and basic metals (+0.4 % each), and a pronounced decrease for pharmaceuticals (-1.3 %).
FOREIGN MARKETS: +0.6 % in March
French producer prices in industry on the foreign markets increased by 0.6 % in March, after +0.3 % in February. The rise concerned all products, excepted pharmaceutical products, stable this month, but which had known a strong decrease in February.
ALL MARKETS: +0.8 % in March
On all markets, the rise of industrial products prices was by +0.8 % in March. Year-on-year, the increase was by 6.1 % for the whole, and soared +34.8 % for the refined petroleum products, which reached the high levels of 2008.
Import prices indices of industrial products: +1.6 % in March
The quick progression of imported industrial products prices, by +1.6 % in March, resulted mainly from the acceleration of petroleum products prices (rise by +9.3 % of refined petroleum products prices), but also from marked increases of chemicals prices and plastics products prices (+1.0 % each). On the whole, import prices of industrial products broke their record of July 2008 (117.6 against of 116.7).
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 | Mar.11 | In 1 month | In 1 year |
| French market | ||||
| BE:TOTAL INDUSTRY | 1000 | 114.9 | 0.9 | 6.6 |
| (DE) Mining and quarrying, energy, water | 130 | 127.3 | 0.1 | 6.7 |
| CZ: Manufactured prod. | 870 | 113.0 | 1.0 | 6.6 |
| (C1) Food products, beverages, tobacco | 188 | 108.2 | 0.7 | 5.7 |
| (C2) Coke and refined petroleum products | 70 | 156.6 | 7.2 | 36.1 |
| (C3) Electrical & electronic equip., computers, mach. | 92 | 109.7 | 0.2 | 1.8 |
| (C4) Transport equipment | 79 | 104.7 | 0.1 | 0.6 |
| (C5) Other man. products | 441 | 110.3 | 0.1 | 4.0 |
| Foreign markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 107.1 | 0.6 | 4.8 |
| CZ: Manufactured prod. | s | 106.4 | 0.7 | 4.6 |
| (C1) Food products, beverages, tobacco | 82 | 115.7 | 0.3 | 7.9 |
| (C2) Coke and refined petroleum products | 25 | 210.3 | 8.6 | 29.2 |
| (C3) Electrical & electronic equip., computers, mach. | 202 | 96.5 | 0.4 | 0.5 |
| (C4) Transport equipment | 211 | 99.7 | –0.2 | 0.7 |
| (C5) Other man. products | s | 106.6 | 0.4 | 5.3 |
| All markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 112.4 | 0.8 | 6.1 |
| CZ: Manufactured prod. | s | 110.8 | 0.9 | 5.9 |
| (C1) Food products, beverages, tobacco | 154 | 109.5 | 0.6 | 6.1 |
| (C2) Coke and refined petroleum products | 56 | 164.2 | 7.4 | 34.8 |
| (C3) Electrical & electronic equip., computers, mach. | 127 | 103.0 | 0.3 | 1.2 |
| (C4) Transport equipment | 121 | 101.9 | 0.0 | 0.7 |
| (C5) Other man. products | s | 109.1 | 0.2 | 4.4 |
tableauTableau2 – Import prices of industrial products
| Change en % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 | Weight | Mar.11 | In 1 month | In 1 year |
| BE:TOTAL INDUSTRY | 1000 | 117.6 | 1.6 | 10.6 |
| CZ: Manufactured prod. | s | 108.8 | 0.8 | 6.5 |
| (C1) Food products, beverages, tobacco | 69 | 124.7 | 0.6 | 10.4 |
| (C2) Coke and refined petroleum products | 41 | 163.3 | 9.3 | 36.9 |
| (C3) Electrical & electronic equip., computers, mach. | 210 | 94.5 | –0.2 | 0.2 |
| (C4) Transport equipment | 133 | 101.1 | 0.1 | 0.9 |
| (C5) Other manufactured products | s | 110.5 | 0.4 | 6.9 |
- r: updated ; nd: non available ; s : confidential
tableauTableau3 – Revision of each index at total industry level
| Dec.10 / Nov.10 | Jan.11 / Dec.10 | Feb.11 / Jan.11 | |
|---|---|---|---|
| French producer prices in industry sold on: | |||
| - the French market | // | +0.1 | // |
| - the foreign markets | // | // | // |
| - all markets | // | +0.1 | -0.1(1) |
| Import prices of industrial products | // | +0.1 | +0.1 |
- (1) Reading note: the evolution of the index between Jan.11 and Feb.11 published last month was equal to 0.7 %. It is updated to 0.6 %; that is to say a revision of -0.1 %.
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