In May 2014, energy prices moved downIndustrial 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.

Informations rapides
No 151
Paru le : 27/06/2014
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

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.

Graphique1_EN – Total Industry price indices

  • reference year: 2010

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

  • reference year: 2010

Graphique3_EN – Import price indices of manufactured products

  • reference year: 2010

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

reference year: 2010
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

Tableau2 – Import prices of industrial products

reference year: 2010
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

Tableau3 – Revision of each index at total industry level

Revision of the monthly change (in %)
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 %.