In January, decline in energy prices on all marketsIndustrial Producer and Import Price Indices - January 2014

In January, French producer prices in industry for French market decreased (–0.6 %, after +0.1 % in December), driven down by the fall in prices for refined petroleum products ( 1.9 %) and for electricity and gas (–2.9 %), while prices for manufactured products were almost unchanged (–0.1 %).

Informations rapides
No 48
Paru le : 28/02/2014
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

Producer price indices in French industry

FRENCH MARKET: –0.6 % in January

In January, French producer prices in industry for French market decreased (–0.6 %, after +0.1 % in December), driven down by the fall in prices for refined petroleum products ( 1.9 %) and for electricity and gas (–2.9 %), while prices for manufactured products were almost unchanged (–0.1 %).

Energy prices moved down…

Prices for refined petroleum declined in January following a rise in December (–1.9 % following +1.4 % ). In January the price for Brent crude sourced from the North Sea dropped in euro terms (–2.2 % against +1.1 %). Electricity prices fell significantly (–3.7 % following 0.0 % and +4.4 % in December and November, respectively). Gas prices went down (–0.8 %), following three consecutive months of rise.

Food prices dipped….

Food prices slipped slightly (–0.2 % after +0.1 % in December). Following the holiday season, meat prices fell significantly again (–2.9 % after +0.3 % in December and –1.3 % in November). Conversely, prices for dairy products advanced (+1.1 %), as well as beverage prices (+0.7 %), most notably beer (+1.9 %) and wines from grape (+1.4 %).

…while prices for “other manufactured products” increased

Prices for “other manufactured products” advanced moderately (+0.2 %), following two months of almost no change. The rise was mostly in prices for chemical products for the second month in a row (+0.7 % after +0.8 %), for other non-metallic mineral products (+0.4 % after +0.0 %) – notably cement (+2.3 %) – and repair and installation services of machinery (+0.3 %). Prices for pharmaceutical products were the only ones to fall (–0.4 %).

FOREIGN MARKETS: –0.2% in January

Producer prices of French industrial products sold on foreign markets moved down slightly (–0.2 %) following two months of no change. The decline in energy prices due to the fall in prices for both refined petroleum products (–4.0 %) and electricity was offset by the rise in prices for “other manufactured products” (+0.4 %), notably textiles (+1.8 %).

ALL MARKETS: –0.4 % in January

On all markets, prices fell (–0.4 % after +0.1 % in December). Year over year, the decline (–1.3 %) was true for all the categories of products, and particularly noticeable for refined petroleum products (–7.7 %)

Import price indices of industrial products: –0.3 % in January

Import prices also decreased (–0.3 % after 0.0 %). Prices for refined petroleum products (–2.5 %) as well as electricity prices and to a lesser extent purchase prices for crude oil declined, driven by the price of petroleum. Food prices also dropped, as well as pharmaceutical products (–1.0 %) due to the commercialisation of some new generic drugs.

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:

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 Jan.14 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 108.2 –0.6 –1.2
(DE) Mining and quarrying, energy, water 226 113.5 –2.1 –1.6
CZ: Manufactured prod. 774 106.6 –0.1 –1.1
(C1) Food products, beverages, tobacco 196 110.7 –0.2 –0.7
(C2) Coke and refined petroleum products 49 127.7 –1.9 –6.8
(C3) Electrical & electronic equip., computers, mach. 53 101.9 0.0 –0.4
(C4) Transport equipment 80 103.0 0.1 0.2
(C5) Other man. products 396 103.3 0.2 –0.7
Foreign markets
BE:TOTAL INDUSTRY 1000 102.9 –0.2 –1.4
CZ: Manufactured prod. 980 103.1 0.0 –1.2
(C1) Food products, beverages, tobacco 100 111.3 –0.1 1.0
(C2) Coke and refined petroleum products 37 119.1 –4.0 –10.0
(C3) Electrical & electronic equip., computers, mach. 194 97.7 –0.1 –1.0
(C4) Transport equipment 252 103.5 0.1 –0.4
(C5) Other man. products 397 102.3 0.4 –1.3
All markets
BE:TOTAL INDUSTRY 1000 106.4 –0.4 –1.3
CZ: Manufactured prod. 845 105.3 –0.1 –1.1
(C1) Food products, beverages, tobacco 163 110.8 –0.2 –0.3
(C2) Coke and refined petroleum products 45 125.3 –2.5 –7.7
(C3) Electrical & electronic equip., computers, mach. 102 99.1 0.0 –0.8
(C4) Transport equipment 140 103.3 0.1 –0.2
(C5) Other man. products 395 103.0 0.3 –0.9

    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 Jan.14 In 1 month In 1 year
    BE:TOTAL INDUSTRY 1000 106.0 –0.3 –1.5
    CZ: Manufactured prod. s 103.8 –0.2 –0.9
    (C1) Food products, beverages, tobacco 69 113.5 –0.4 0.3
    (C2) Coke and refined petroleum products 47 126.4 –2.5 –7.7
    (C3) Electrical & electronic equip., computers, mach. 227 100.4 0.0 2.0
    (C4) Transport equipment 147 99.6 –0.2 –0.7
    (C5) Other manufactured products s 103.3 0.0 –1.6
    • r: updated ; nd: non available ; s : confidential

    Tableau3 – Revision of each index at total industry level

    Revision of the monthly change (in points)
    Revision of each index at total industry level
    Oct.13 / Sep.13 Nov.13 / Oct.13 Dec.13 / Nov.13
    French producer prices in industry sold on:
    - the French market // // -0.1(1)
    - the foreign markets –0.1 // //
    - all markets // +0.1 //
    Import prices of industrial products –0.1 +0.1 //
    • (1) Reading note: the evolution of the index between October and November 2013 published last month was equal to 0.2 %. It is updated to 0.1 %; that is to say a revision of +0.1 point.