Decline in prices for petroleum products and chemicalsIndustrial Producer and Import Price Indices - november 2012

In November, French producer prices in industry lagged by 0.5 %, after the increase by +0.5 % in October, stopping the rising trend acting since July 2012. Prices for refined petroleum products withdrew for the second consecutive month (-3.0 % after -1.2 %) and prices for "other manufactured products" decreased (–0.5 %), mainly because of the noticeable withdraw of chemicals (-2.4 %).

Informations rapides
No 320
Paru le : 27/12/2012
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

Producer price indices in French industry

FRENCH MARKET: -0.5 % in November

In November, French producer prices in industry lagged by 0.5 %, after the increase by +0.5 % in October, stopping the rising trend acting since July 2012. Prices for refined petroleum products withdrew for the second consecutive month (-3.0 % after -1.2 %) and prices for "other manufactured products" decreased (–0.5 %), mainly because of the noticeable withdraw of chemicals (-2.4 %).

Prices for refined petroleum products withdrew again…

Prices for refined petroleum products withdrew in line with Brent crude (-1.2 % in euro terms in November after -2.1 % in October). All petroleum products decreased this month. The withdraw was especially marked for unleaded premium gas, of which the price decreased for the second consecutive month (-5,5 % after -7.4 % in October).

... prices for "other manufactured products" decreased…

Prices for "other manufactured products" decreased (–0.5 %), in a context of general drop of raw materials prices. Prices for chemical products dropped (-2.4 %), mainly because of basic chemicals (-4.0 %). Basic metals went on falling (-0.3 % in November as in October), more generally.

... while food prices increased slightly...

Food prices increased by +0.3 %. This is especially the case for prepared animal feeds (+1.5 %), while prices for meat products went on falling (-0.6 % after -0.3 %), notably for swine meat (-6.3 % after -2.5 %).

FOREIGN MARKETS: -0,1 % in November

Producer prices of French industrial products sold on foreign markets stabilized in November (-0.1 %). Prices for refined petroleum products (-2.9 %) were in phase with domestic market (-3.0 %). This decrease was balanced by the increase of transport equipment prices (+0.3 %).

ALL MARKETS: -0.4 % in November

On all markets, producer prices of French industrial products lagged by 0.4 % in November but kept on rising year-over-year (+1.5 %, of which +4.4 % for refined petroleum products).

Import prices indices of industrial products : -0.1 % in November

In November, buying prices for imported industrial products decreased very slightly compared to October (-0.1 %). The most notable changes concerned here again prices for refined petroleum products (-3.2 %), and to a lesser extent prices for food products (-0.6 %), particularly meat products (-2.8 %), especially swine meat.

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: 2005
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 Nov.12 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 119.4 –0.5 1.9
(DE) Mining and quarrying, energy, water 130 140.0 –0.3 3.6
CZ: Manufactured prod. 870 116.3 –0.6 1.6
(C1) Food products, beverages, tobacco 188 115.0 0.3 3.9
(C2) Coke and refined petroleum products 70 167.5 –3.0 4.7
(C3) Electrical & electronic equip., computers, mach. 92 111.6 0.0 1.0
(C4) Transport equipment 79 106.5 0.1 0.5
(C5) Other man. products 441 111.4 –0.5 0.2
Foreign markets
BE:TOTAL INDUSTRY 1000 108.3 –0.1 0.7
CZ: Manufactured prod. s 107.7 –0.1 0.8
(C1) Food products, beverages, tobacco 82 119.6 0.1 1.7
(C2) Coke and refined petroleum products 25 216.9 –2.9 3.3
(C3) Electrical & electronic equip., computers, mach. 202 97.2 0.1 0.1
(C4) Transport equipment 211 101.8 0.3 1.7
(C5) Other man. products s 106.9 –0.1 0.3
All markets
BE:TOTAL INDUSTRY 1000 115.8 –0.4 1.5
CZ: Manufactured prod. s 113.3 –0.4 1.3
(C1) Food products, beverages, tobacco 154 115.8 0.2 3.5
(C2) Coke and refined petroleum products 56 174.4 –3.0 4.4
(C3) Electrical & electronic equip., computers, mach. 127 104.2 0.0 0.6
(C4) Transport equipment 121 103.9 0.2 1.2
(C5) Other man. products s 110.0 –0.4 0.2

    Tableau2 – Import prices of industrial products

    base and reference year: 2005
    Import prices of industrial products
    Change en %
    Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 Weight Nov.12 In 1 month In 1 year
    BE:TOTAL INDUSTRY 1000 121.0 –0.1 1.3
    CZ: Manufactured prod. s 110.6 –0.2 1.2
    (C1) Food products, beverages, tobacco 69 130.9 –0.6 3.2
    (C2) Coke and refined petroleum products 41 170.5 –3.2 5.2
    (C3) Electrical & electronic equip., computers, mach. 210 94.2 0.1 1.1
    (C4) Transport equipment 133 100.3 –0.1 –1.2
    (C5) Other manufactured products s 112.8 0.1 0.9
    • 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
    Aug.12 / Jul.12 Sep.12 / Aug.12 Oct.12 / Sep.12
    French producer prices in industry sold on:
    - the French market // –0.1 //
    - the foreign markets // // -0.1(1)
    - all markets // // //
    Import prices of industrial products // // //
    • (1) Reading note: the evolution of the index between Sep.12 and Oct.12 published last month was equal to -0,3 %. It is updated to–0,4 %; that is to say a revision of -0,1 %.