30 April 2014
2014- n° 102In March, prices dipped on all markets Industrial Producer and Import Price Indices - March 2014
In March, French producer prices in industry for French market dipped (–0.4 % after –0.1 %). Energy prices moved down significantly, while prices for other products fell more moderately. Food prices were the only exception (+0.2 %).
Producer price indices in French industry
FRENCH MARKET: –0.4 % in March
In March, French producer prices in industry for French market dipped (–0.4 % after –0.1 %). Energy prices moved down significantly, while prices for other products fell more moderately. Food prices were the only exception (+0.2 %).
Energy prices fell anew
Prices for refined petroleum products dropped again in March (–1.9 % and –0.2 %), driven by the price for Brent crude sourced from the North Sea, which declined in euro terms (–2.0 %), more strongly than in dollar terms (–0.7 %) due to the appreciation of the euro against the dollar.
Electricity (–1.2 %) and gas (–3.1 %) prices also moved down.
Prices for most “other manufactured products” slipped
Except for prices for repair and maintenance services of machinery (+0.3 %), prices for “other manufactured products” dipped: the fall in prices for raw materials (oil, zinc, scrap metals…) indeed affected prices for basic metals (–0.3 %) and for chemical products (–0.3 %), most notably other basic organic chemical products (–0.7 %).
Food prices increased moderately….
Food prices advanced in March (+0.2 % after 0.0 % in February) due to the significant rise in prices for mineral waters and soft drinks (+2.7 %) upon the annual renegotiation of prices, and to the notable increase in prices for both dairy products (+1.1 %) and grape wines (+1.0 %). Conversely, prices for poultry meat and oils moved down (–0.6 % in both cases).
FOREIGN MARKETS: –0.2% in March
Producer prices of French industrial products sold on foreign markets dropped slightly (–0.2 % after 0.0 % in February). The fall in prices for refined petroleum products (–1.3 %) indeed combined with the decline in prices for basic metals (–1.0 %), computer products (–0.4 %) and pharmaceutical products (–0.6 %).
ALL MARKETS: –0.4 % in March
On all markets, prices dipped in March (–0.4 % after 0.0 % in February). Year over year, the decline in prices for refined petroleum products (–8.4 %) was still marked, and now significant for computer and electrical products (–1.7 %) and for “other manufactured products” (–1.5 %).
Import price indices of industrial products: –0.6 % in March
Import prices fell in March (–0.6 % after –0.1 % in February). As on foreign markets, the buying prices for refined petroleum products and crude oil declined, as well as prices for computer products (–0.5 %), pharmaceutical products (–0.8 %) and basic metals (–0.6 %) in a context of lower raw material prices and stronger competition.
graphiqueGraphique1_EN – Total Industry price indices
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 | Mar.14 | In 1 month | In 1 year |
| French market | ||||
| BE:TOTAL INDUSTRY | 1000 | 107.8 | –0.4 | –2.0 |
| (DE) Mining and quarrying, energy, water | 226 | 113.0 | –1.2 | –3.8 |
| CZ: Manufactured prod. | 774 | 106.3 | –0.2 | –1.5 |
| (C1) Food products, beverages, tobacco | 196 | 110.7 | 0.2 | –0.9 |
| (C2) Coke and refined petroleum products | 49 | 124.9 | –1.9 | –8.7 |
| (C3) Electrical & electronic equip., computers, mach. | 53 | 101.8 | –0.1 | –0.7 |
| (C4) Transport equipment | 80 | 103.0 | –0.1 | 0.3 |
| (C5) Other man. products | 396 | 102.9 | –0.1 | –1.1 |
| Foreign markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 102.7 | –0.2 | –2.1 |
| CZ: Manufactured prod. | 980 | 103.0 | –0.2 | –1.7 |
| (C1) Food products, beverages, tobacco | 100 | 112.5 | 0.2 | 1.6 |
| (C2) Coke and refined petroleum products | 37 | 122.5 | –1.3 | –7.3 |
| (C3) Electrical & electronic equip., computers, mach. | 194 | 97.3 | –0.2 | –2.2 |
| (C4) Transport equipment | 252 | 103.6 | 0.0 | –1.0 |
| (C5) Other man. products | 397 | 101.3 | –0.3 | –2.3 |
| All markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 106.1 | –0.4 | –2.1 |
| CZ: Manufactured prod. | 845 | 105.0 | –0.2 | –1.6 |
| (C1) Food products, beverages, tobacco | 163 | 111.1 | 0.2 | –0.4 |
| (C2) Coke and refined petroleum products | 45 | 124.3 | –1.7 | –8.3 |
| (C3) Electrical & electronic equip., computers, mach. | 102 | 98.8 | –0.2 | –1.7 |
| (C4) Transport equipment | 140 | 103.4 | 0.0 | –0.5 |
| (C5) Other man. products | 395 | 102.3 | –0.2 | –1.5 |
tableauTableau2 – Import prices of industrial products
| Change in % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 | Weight | Mar.14 | In 1 month | In 1 year |
| BE:TOTAL INDUSTRY | 1000 | 104.3 | –0.6 | –3.1 |
| CZ: Manufactured prod. | s | 102.4 | –0.3 | –2.4 |
| (C1) Food products, beverages, tobacco | 69 | 113.7 | 0.3 | 0.4 |
| (C2) Coke and refined petroleum products | 47 | 124.4 | –2.2 | –8.4 |
| (C3) Electrical & electronic equip., computers, mach. | 227 | 96.8 | –0.5 | –1.8 |
| (C4) Transport equipment | 147 | 99.5 | 0.0 | –0.7 |
| (C5) Other manufactured products | s | 102.3 | –0.2 | –2.9 |
- r: updated ; nd: non available ; s : confidential
tableauTableau3 – Revision of each index at total industry level
| Dec.13 / Nov.13 | Jan.14 / Dec.13 | Feb.14 / Jan.14 | |
|---|---|---|---|
| French producer prices in industry sold on: | |||
| - the French market | // | // | // |
| - the foreign markets | –0.1 | // | // |
| - all markets | // | // | +0.1(1) |
| Import prices of industrial products | // | +0.1 | // |
- (1) Reading note: the evolution of the index between January and February 2014 published at the end of March was equal to –0.1 %. It is updated to 0 %; that is to say a revision of +0,1 %.
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