27 June 2014
2014- n° 151In May 2014, energy prices moved down Industrial Producer and Import Price Indices - May 2014
In May, French producer prices in industry for French market dropped for the third straight month in a row (–0.5 % after –0.2 % in April and –0.3 % in March). Prices for electricity, gas, and steam and air conditioning supply services fell significantly again (–3.2 % after –1.6 % in April), while prices for other products were almost unchanged overall.
Producer price indices in French industry : –0.4 % in May
FRENCH MARKET: –0.5 % in May
In May, French producer prices in industry for French market dropped for the third straight month in a row (–0.5 % after –0.2 % in April and –0.3 % in March). Prices for electricity, gas, and steam and air conditioning supply services fell significantly again (–3.2 % after –1.6 % in April), while prices for other products were almost unchanged overall.
Energy prices dropped significantly again
In May, the seasonal drop in prices for steam and air conditioning supply services came in addition to the successive falls in prices for electricity (–1.7 % after –1.5 % in April) and gas (–2.9 % after –2.4 %) which both began last February. Prices for refined petroleum products increased slightly (+0.2 % after –0.2 % in April): the rise in prices for household fuel oil (+0.6 %) was offset by the drop in prices for unleaded premium gas (–0.4 %).
Food prices slowed down…
Food prices leveled off in May (–0.1 % after +0.5 % in April). After having increased in March and April, meat prices (–0.4 %) and prices for dairy products (–0.2 %) slipped, while beverage prices advanced (+0.5 %) due to the signifiant rise in wine prices (+1.8 % after +1.3 % in April).
…while prices for “other manufactured products” were almost unchanged overall
Prices for “other manufactured products” remained stable (+0.1 % in May, as in April). Prices for chemical products were the only ones to advance (+0.5 %), driven up by higher ethylene prices, while prices for the other products were either unchanged or slightly lower, notably for basic metals (–0.4 %) due to lower steel prices.
FOREIGN MARKETS: 0.0% in May
Producer prices of French industrial products sold on foreign markets were almost unchanged again ( after +0.1 % in April). Energy prices moved down, most notably for refined petroleum products (–0.8 %) and electricity (–8.9 %), while prices for computer products (+0.2 %) and chemical products (+0.5 %) rose.
ALL MARKETS: –0.4 % in May
On all markets, prices dropped in May (–0.4 % after –0.1 % in April). Year over year, the fall was –0.4 % for the total industry and –1.7 % for refined petroleum products.
Import price indices of industrial products: –0.1 % in May
Import prices were almost unchanged again (–0.1 % in May, as in April). This stability resulted from the rise in buying prices for crude oil, due to higher prices for Brent crude sourced from the North Sea, and the fall in prices for electrical and electronic products (–0.6 %), most notably computer products (–1.4 %), which offset each other.
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 | May 14 | In 1 month | In 1 year |
| French market | ||||
| BE:TOTAL INDUSTRY | 1000 | 107.1 | –0.5 | –0.2 |
| (DE) Mining and quarrying, energy, water | 226 | 109.4 | –2.4 | 0.5 |
| CZ: Manufactured prod. | 774 | 106.4 | 0.0 | –0.4 |
| (C1) Food products, beverages, tobacco | 196 | 111.2 | –0.1 | –0.3 |
| (C2) Coke and refined petroleum products | 49 | 124.9 | 0.2 | –2.2 |
| (C3) Electrical & electronic equip., computers, mach. | 53 | 101.7 | 0.0 | –0.6 |
| (C4) Transport equipment | 80 | 103.0 | 0.0 | 0.4 |
| (C5) Other man. products | 396 | 103.1 | 0.1 | –0.4 |
| Foreign markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 102.8 | 0.0 | –0.7 |
| CZ: Manufactured prod. | 980 | 103.2 | 0.1 | –0.7 |
| (C1) Food products, beverages, tobacco | 100 | 112.8 | 0.1 | 1.5 |
| (C2) Coke and refined petroleum products | 37 | 125.3 | –0.8 | –0.3 |
| (C3) Electrical & electronic equip., computers, mach. | 194 | 97.6 | 0.1 | –0.9 |
| (C4) Transport equipment | 252 | 103.7 | 0.1 | –0.2 |
| (C5) Other man. products | 397 | 101.3 | 0.2 | –1.5 |
| All markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 105.7 | –0.4 | –0.4 |
| CZ: Manufactured prod. | 845 | 105.1 | 0.0 | –0.5 |
| (C1) Food products, beverages, tobacco | 163 | 111.5 | 0.0 | 0.0 |
| (C2) Coke and refined petroleum products | 45 | 125.1 | –0.1 | –1.7 |
| (C3) Electrical & electronic equip., computers, mach. | 102 | 99.0 | 0.0 | –0.8 |
| (C4) Transport equipment | 140 | 103.5 | 0.1 | 0.0 |
| (C5) Other man. products | 395 | 102.4 | 0.1 | –0.8 |
- Source : Insee
tableauTableau2 – Import prices of industrial products
| Change in % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 | Weight | May 14 | In 1 month | In 1 year |
| BE:TOTAL INDUSTRY | 1000 | 104.0 | –0.1 | –2.0 |
| CZ: Manufactured prod. | s | 102.3 | –0.1 | –1.6 |
| (C1) Food products, beverages, tobacco | 69 | 114.1 | 0.1 | 0.0 |
| (C2) Coke and refined petroleum products | 47 | 125.5 | 0.1 | –1.4 |
| (C3) Electrical & electronic equip., computers, mach. | 227 | 96.1 | –0.6 | –2.4 |
| (C4) Transport equipment | 147 | 99.4 | 0.0 | –0.7 |
| (C5) Other manufactured products | s | 102.4 | 0.2 | –1.8 |
- r: updated ; nd: non available ; s : confidential-Source : Insee
tableauTableau3 – Revision of each index at total industry level
| Feb.14 / Jan.14 | Mar.14 / Feb.14 | Apr.14 / Mar.14 | |
|---|---|---|---|
| French producer prices in industry sold on: | |||
| - the French market | // | +0.1 | -0.1(1) |
| - the foreign markets | // | // | // |
| - all markets | // | // | // |
| Import prices of industrial products | –0.1 | // | // |
- (1) Reading note: the evolution of the index between February 2014 and March 2014 published last month was equal to –0.1 %. It is updated to –0.2 %; that is to say a revision of +0.1 %.
Pour en savoir plus
