4 September 2013
2013- n° 202In July 2013, energy prices rebounded Industrial Producer and Import Price Indices - July 2013
In July, French producer prices in industry rallied (+0.7%), following three months of decline, which was slight in June (–0.2%) but significant in both April and May (–1.2%). This rise was due to the recovery of energy prices and the significant increase in food prices.
Producer price indices in French industry
FRENCH MARKET: +0.7% in July
In July, French producer prices in industry rallied (+0.7%), following three months of decline, which was slight in June (–0.2%) but significant in both April and May (–1.2%). This rise was due to the recovery of energy prices and the significant increase in food prices.
Energy prices rose again...
Following four straight months of decline, prices for refined petroleum products recovered in July (+3.3% following -0.3% in June and -1.5% in May). The price for Brent crude sourced from the North Sea picked up strongly in Euro terms (+5.6% following –1,8% in June, including one point due to the depreciation of the Euro).
Prices for electricity, gas, etc. rebounded too (+2.8%), following three straight months of significant decline. The rise in electricity prices (+3.9%) was the strongest, the one in gas prices was moderate (+0.2%), despite a rate increase for distribution services (+4.1%).
... prices for food, beverages and tobacco increased ...
Food prices moved up in July (+0.5% following +0.3% in May). The seasonal rise in sheep and pork prices continued to impact meat prices (+1.7% following +1.4% in June), while prices for dairy products, which were still driven up by the rise in the price for raw milk from dairy cattle, advanced again (+1.7% following +2.0% in June). The price for wine from grape rose significantly (+0,8%), as well as prices for tobacco products.
...while prices for "other manufactured products" were stable overall
Prices for "other manufactured products" were stable overall (–0.1% following –0.0% in June).
FOREIGN MARKETS: +0.2% in July
Producer prices of French industrial products sold on foreign markets increased slightly (+0.2%), following three straight months of decline. Prices for refined petroleum products (+4.0%), but also for electricity rose significantly again, while prices for "other manufactured products" dipped (-0.5%), most notably prices for basic metals, driven by the fall in aluminium prices.
ALL MARKETS: +0.5% in July
On all markets, prices increased by 0.5% in July. Year-on-year prices were stable overall (+0.0), with the decline in prices for refined petroleum (-3.0%) being offset by the rise in food prices (+3.6%).
Import price indices of industrial products: +0.6% in July
Import prices moved up (+0.6%), following four straight months of decline, also due to the recovery in prices for refined petroleum products (+4.3%) and crude oil. Yet the stability of prices for "other manufactured products" covered constrated movements: a strong rise in textile prices (+1.2%), and a significant fall in prices for chemical products (-0,5%) and basic metals (–0,8%)
graphiqueGraphique1_EN – Total Industry price indices
graphiqueGraphique2_EN – Producer price indices of manufactured products sold on the french market
graphiqueGraphique3_EN – Import price indices of manufactured products
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 | Jul.13 | In 1 month | In 1 year |
| French market | ||||
| BE:TOTAL INDUSTRY | 1000 | 107.9 | 0.7 | 0.3 |
| (DE) Mining and quarrying, energy, water | 226 | 109.7 | 2.1 | –0.6 |
| CZ: Manufactured prod. | 774 | 107.4 | 0.3 | 0.6 |
| (C1) Food products, beverages, tobacco | 196 | 112.4 | 0.5 | 3.6 |
| (C2) Coke and refined petroleum products | 49 | 131.5 | 3.3 | –2.6 |
| (C3) Electrical & electronic equip., computers, mach. | 53 | 102.4 | –0.2 | 0.2 |
| (C4) Transport equipment | 80 | 103.2 | 0.1 | 0.1 |
| (C5) Other man. products | 396 | 103.4 | –0.1 | –0.4 |
| Foreign markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 103.4 | 0.2 | –0.7 |
| CZ: Manufactured prod. | 980 | 103.8 | 0.1 | –0.5 |
| (C1) Food products, beverages, tobacco | 100 | 111.9 | 0.4 | 3.4 |
| (C2) Coke and refined petroleum products | 37 | 130.4 | 4.0 | –4.4 |
| (C3) Electrical & electronic equip., computers, mach. | 194 | 97.8 | 0.1 | –2.8 |
| (C4) Transport equipment | 252 | 103.7 | 0.1 | 0.6 |
| (C5) Other man. products | 397 | 102.4 | –0.5 | –0.7 |
| All markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 106.4 | 0.5 | 0.0 |
| CZ: Manufactured prod. | 845 | 106.0 | 0.2 | 0.2 |
| (C1) Food products, beverages, tobacco | 163 | 112.3 | 0.5 | 3.6 |
| (C2) Coke and refined petroleum products | 45 | 131.3 | 3.5 | –3.0 |
| (C3) Electrical & electronic equip., computers, mach. | 102 | 99.3 | 0.0 | –1.8 |
| (C4) Transport equipment | 140 | 103.6 | 0.1 | 0.5 |
| (C5) Other man. products | 395 | 103.0 | –0.3 | –0.5 |
tableauTableau2 – Import prices of industrial products
| Change en % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 | Weight | Jul.13 | In 1 month | In 1 year |
| BE:TOTAL INDUSTRY | 1000 | 106.5 | 0.6 | –1.4 |
| CZ: Manufactured prod. | s | 104.0 | 0.2 | –1.2 |
| (C1) Food products, beverages, tobacco | 69 | 114.9 | 0.4 | 2.3 |
| (C2) Coke and refined petroleum products | 47 | 132.7 | 4.3 | –3.7 |
| (C3) Electrical & electronic equip., computers, mach. | 227 | 98.0 | –0.5 | –1.9 |
| (C4) Transport equipment | 147 | 100.0 | 0.2 | –0.9 |
| (C5) Other manufactured products | s | 103.8 | –0.1 | –1.3 |
- r: updated ; nd: non available ; s : confidential
tableauTableau3 – Revision of each index at total industry level
| Apr.13 / Mar.13 | May 13 / Apr.13 | Jun.13 / May 13 | |
|---|---|---|---|
| French producer prices in industry sold on: | |||
| - the French market | // | // | +0.1(1) |
| - the foreign markets | // | –0.1 | –0.1 |
| - all markets | // | // | // |
| Import prices of industrial products | // | // | // |
- (1) Reading note: the evolution of the index between May and June 2013 published last month was equal to -0.3 %. It is updated to -0.2 %; that is to say a revision of +0.1 point.
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