28 May 2014
2014- n° 124In April, prices were almost unchanged on all markets Industrial Producer and Import Price Indices - April 2014
In April, French producer prices in industry for French market leveled off (–0.1 % after –0.4 %). Energy prices fell again, most notably electricity and gas prices (–1.3 % after –1.2 %), food prices moved up, while prices for other industrial products were almost unchanged overall.
Producer price indices in French industry
FRENCH MARKET: –0.1 % in April
In April, French producer prices in industry for French market leveled off (–0.1 % after –0.4 %). Energy prices fell again, most notably electricity and gas prices (–1.3 % after –1.2 %), food prices moved up, while prices for other industrial products were almost unchanged overall.
Energy prices dropped again
Prices for electricity (–0.9 %) and gas (–2.7 %) moved down for the fourth consecutive month.
Prices for refined petroleum products dipped slightly (–0.2 % after –1.9 %), driven by the price for Brent crude sourced from the North Sea (+0.2 % in euros). The significant fall in prices for some petroleum products (kerosene, bitumen,…) offset the strong increase in unleaded premium gas (+2.7 %).
Food prices increased
Food prices advanced in April (+0.5 % after +0.1 % in March and +0.0 % in February). The increase in meat prices was significant (+3.4 % after +0.4 % in March), partly reflecting the seasonal rise in prices for swine meat and certain beef meat parts. Prices for dairy products moved up for the second month in a row (+0.6 % after +0.9 % in March), while, conversely, prices for bakery products dropped for the third month in a row.
Prices for most “other manufactured products” were unchanged
The rise in prices for chemical products (+0.4 %) due to higher ethylene prices was indeed offset by the fall in prices for pharmaceutical products (–0.9 %), most notably medicaments (–1.2 %).
FOREIGN MARKETS: +0.1% in April
Producer prices of French industrial products sold on foreign markets were almost unchanged (+0.1 % after –0.2 % in March). While prices for refined petroleum products increased (+3.1 % after +1.3 % in March), mostly driven by prices for medium petroleum oils, electricity prices plunged (–12.4 % after +4.5 %), whereas food prices (+0.4 %) and prices for electrical and electronic equipment (+0.3 %) moved up.
ALL MARKETS: –0.1 % in April
On all markets, prices were almost unchanged in April (–0.1 % after –0.3 % in March). Year over year, only food prices and prices for transport equipment were unchanged, while prices for the other products fell significantly.
Import price indices of industrial products: –0.1 % in April
Import prices also leveled off (–0.1 % after –0.6 % in March). Buying prices for refined petroleum products and crude oil rose moderately, following a significant fall in March, while prices for textiles and metals moved down (–0.4 % in both cases).
graphiqueGraphique1_EN – Total Industry price indices
- reference year : 2010
graphiqueGraphique2_EN – Producer price indices of manufactured products sold on the french market
- reference year : 2010
graphiqueGraphique3_EN – Import price indices of manufactured products
- reference year : 2010
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 | Apr.14 | In 1 month | In 1 year |
| French market | ||||
| BE:TOTAL INDUSTRY | 1000 | 107.7 | –0.1 | –0.9 |
| (DE) Mining and quarrying, energy, water | 226 | 112.2 | –0.9 | –1.0 |
| CZ: Manufactured prod. | 774 | 106.4 | 0.1 | –0.8 |
| (C1) Food products, beverages, tobacco | 196 | 111.2 | 0.5 | –0.3 |
| (C2) Coke and refined petroleum products | 49 | 124.6 | –0.2 | –3.9 |
| (C3) Electrical & electronic equip., computers, mach. | 53 | 101.7 | –0.2 | –0.9 |
| (C4) Transport equipment | 80 | 103.0 | 0.0 | 0.3 |
| (C5) Other man. products | 396 | 103.0 | 0.0 | –0.9 |
| Foreign markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 102.8 | 0.1 | –1.3 |
| CZ: Manufactured prod. | 980 | 103.1 | 0.2 | –1.1 |
| (C1) Food products, beverages, tobacco | 100 | 112.9 | 0.4 | 1.7 |
| (C2) Coke and refined petroleum products | 37 | 126.4 | 3.1 | –1.5 |
| (C3) Electrical & electronic equip., computers, mach. | 194 | 97.5 | 0.3 | –2.0 |
| (C4) Transport equipment | 252 | 103.6 | –0.1 | –0.1 |
| (C5) Other man. products | 397 | 101.2 | 0.0 | –2.1 |
| All markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 106.1 | –0.1 | –1.0 |
| CZ: Manufactured prod. | 845 | 105.1 | 0.2 | –1.0 |
| (C1) Food products, beverages, tobacco | 163 | 111.6 | 0.4 | 0.1 |
| (C2) Coke and refined petroleum products | 45 | 125.2 | 0.7 | –3.2 |
| (C3) Electrical & electronic equip., computers, mach. | 102 | 98.9 | 0.1 | –1.6 |
| (C4) Transport equipment | 140 | 103.4 | 0.0 | 0.0 |
| (C5) Other man. products | 395 | 102.4 | 0.0 | –1.3 |
tableauTableau2 – Import prices of industrial products
| Change in % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 | Weight | Apr.14 | In 1 month | In 1 year |
| BE:TOTAL INDUSTRY | 1000 | 104,0 | –0,1 | –2,1 |
| CZ: Manufactured prod. | s | 102.3 | 0.0 | –1.8 |
| (C1) Food products, beverages, tobacco | 69 | 113.7 | 0.2 | 0.2 |
| (C2) Coke and refined petroleum products | 47 | 125.3 | 0.8 | –1.5 |
| (C3) Electrical & electronic equip., computers, mach. | 227 | 96.8 | 0.1 | –1.6 |
| (C4) Transport equipment | 147 | 99.4 | 0.0 | –0.8 |
| (C5) Other manufactured products | s | 102.1 | –0.1 | –2.7 |
- r: updated ; nd: non available ; s : confidential -Source : Insee
tableauTableau3 – Revision of each index at total industry level
| Jan.14 / Dec.13 | Feb.14 / Jan.14 | Mar.14 / Feb.14 | |
|---|---|---|---|
| French producer prices in industry sold on: | |||
| - the French market | // | // | // |
| - the foreign markets | // | // | // |
| - all markets | // | –0.1 | +0.1(1) |
| Import prices of industrial products | –0.1 | // | // |
- (1) Reading note: the evolution of the index between January 2014 and February 2014 published last month was equal to –0.4 %. It is updated to –0.3 %; that is to say a revision of +0.1 %.
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