In March 2011, strong acceleration of petroleum products pricesIndustrial 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.

Publications for experts
Informations rapides – No 110
Paru le : 04/29/2011
Prochaine parution le : 12/21/2016 at 08:45 - November 2016

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).

Graphique1_EN – Total Industry price indices

Graphique2_EN – Producer price indices of manufactured products sold on the french market

Graphique3_EN – Import price indices of manufactured products

Tableau1 – French Producer Price Indices in industry according to the market where the products are sold:

base and reference year: 2005
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

    Tableau2 – 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 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

    Tableau3 – Revision of each index at total industry level

    Revision of the monthly change (in %)
    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 %.