In March, prices dipped on all marketsIndustrial 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 %).

Informations rapides
No 102
Paru le : 30/04/2014
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

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.

Graphique1_EN – Total Industry price indices

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 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

    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 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

    Tableau3 – Revision of each index at total industry level

    Revision of the monthly change (in %)
    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 %.