Strong decline in prices on all marketsIndustrial Producer and Import Price Indices - April 2013

In April, French producer prices in industry, which were unchanged in March, decreased (–0.9 %). Prices for electricity, gas, steam and air conditioning dropped (–3.0 %), following three months of rise. Prices for refined petroleum products plunged again (–5.2 % following –3.8 %).

Informations rapides
No 125
Paru le : 31/05/2013
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

Producer price indices in French industry

FRENCH MARKET: –0.9 % in April

In April, French producer prices in industry, which were unchanged in March, decreased (–0.9 %). Prices for electricity, gas, steam and air conditioning dropped (–3.0 %), following three months of rise. Prices for refined petroleum products plunged again (–5.2 % following –3.8 %).

Prices for refined petroleum products plunged again…

In April, the price for Brent crude sourced from the North Sea tumbled in dollar terms (–5.3 % following –5.8 %), and even more significantly in Euro terms (–5.9 % following –2.9 %), due to the appreciation of the Euro against the dollar. The fall in prices for unleaded premium gas and diesel oil was more marked in April (–4.4 % and –4.2 % respectively, following –3.2 % and –3.5 %) and the price for heating oil decreased for the second month in a row (–3.3 % following –6.3 %).

Prices for electricity (-3.6 %) and trade services of gas (–1.7 %) also declined.

...food prices dipped slightly...

The slight dip in food prices (–0.2 % following +0.3 % in March), which came after more than a year of increase, resulted from contrasted movements: meat prices continued to rise (+1.0 % preserved meat), while prices for dairy products and for sugar manufacturing dipped (–1.1 % for both).

...and prices for "other manufactured products" were stable.

Except for the significant drop in prices for chemical products (–0.7 ), prices for "other manufactured products" were almost unchanged (–0.1 %).

FOREIGN MARKETS: –0.4 % in April

Producer prices of French industrial products sold on foreign markets declined, following three consecutive months of moderate rise. The fall was general and particularly strong for energy prices (–2.9 % for refined petroleum products).

ALL MARKETS: –0.7 % in April

On all markets, prices dipped (-0.7 %).Thus, year over year, the increase was now only 0.6 %. The advance in food prices was still significant (+3.5 %), prices for refined petroleum products slumped heavily (–9.3 %).

Import price indices of industrial products: –1.1 % in April

Purchaser’s prices for imported industrial products dropped again in April (–1.1 % following -0.4 %). Driven by the fall in the Brent price for the second month in a row, prices for refined petroleum products dived (–6.5 %), as well as other energy prices (most notably electricity). Except for the seasonal increase in meat prices (+3.4 % due to the Easter lamb), prices for other products also fell, most notably prices for chemical and pharmaceutical products (–0.5 % for both).

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: 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 Apr.13 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 108.9 –0.9 0.6
(DE) Mining and quarrying, energy, water 234 114.4 –2.4 3.6
CZ: Manufactured prod. 766 107.3 –0.5 –0.4
(C1) Food products, beverages, tobacco 209 111.6 –0.2 3.5
(C2) Coke and refined petroleum products 52 129.7 –5.2 –11.4
(C3) Electrical & electronic equip., computers, mach. 51 102.9 0.6 0.1
(C4) Transport equipment 72 102.6 –0.1 –0.5
(C5) Other man. products 382 103.9 –0.1 –0.5
Foreign markets
BE:TOTAL INDUSTRY 1000 104.5 –0.4 0.0
CZ: Manufactured prod. 984 104.7 –0.2 0.0
(C1) Food products, beverages, tobacco 97 110.8 0.3 3.0
(C2) Coke and refined petroleum products 37 128.3 –2.9 –15.0
(C3) Electrical & electronic equip., computers, mach. 191 99.7 0.0 –0.3
(C4) Transport equipment 256 105.0 0.0 2.5
(C5) Other man. products 402 103.3 –0.1 –0.2
All markets
BE:TOTAL INDUSTRY 1000 107.7 –0.7 0.6
CZ: Manufactured prod. 840 106.3 –0.3 –0.2
(C1) Food products, beverages, tobacco 171 111.5 –0.1 3.5
(C2) Coke and refined petroleum products 47 129.4 –4.5 –12.4
(C3) Electrical & electronic equip., computers, mach. 99 100.8 0.2 –0.2
(C4) Transport equipment 134 104.1 0.0 1.4
(C5) Other man. products 389 103.7 –0.1 –0.4

    Tableau2 – Import prices of industrial products

    base and reference year: 2010
    Import prices of industrial products
    Change en %
    Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 Weight Apr.13 In 1 month In 1 year
    BE:TOTAL INDUSTRY 1000 106.3 –1.1 –2.6
    CZ: Manufactured prod. s 104.2 –0.6 –1.5
    (C1) Food products, beverages, tobacco 70 114.2 0.3 2.8
    (C2) Coke and refined petroleum products 49 127.1 –6.5 –12.7
    (C3) Electrical & electronic equip., computers, mach. 219 98.3 –0.2 –0.6
    (C4) Transport equipment 146 100.4 0.2 –0.4
    (C5) Other manufactured products s 104.7 –0.3 –1.2
    • 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
    Jan.13 / Dec.12 Feb.13 / Jan.13 Mar.13 / Feb.13
    French producer prices in industry sold on:
    - the French market –0.1 –0.1 //
    - the foreign markets +0.1 // +0.1(1)
    - all markets // // //
    Import prices of industrial products –0.1 // +0.1
    • (1) Reading note: the evolution of the index between Feb.13 and Mar.13 published last month was equal to 0.2 %. It is updated to 0.3 %; that is to say a revision of +0.1 %.