29 March 2013
2013- n° 75Energy prices continued to increase Industrial Producer and Import Price Indices - February 2013
In February, French producer prices in industry rose for the second consecutive month (+0.4 % following +0.7 %). As in January, this advance is mainly due to energy prices.
Information : beginning this month, in accordance with the European directives, producer and import price indices are calculated in base and reference 100 in 2010
Producer price indices in French industry
FRENCH MARKET: +0.4 % in February
In February, French producer prices in industry rose for the second consecutive month (+0.4 % following +0.7 %). As in January, this advance is mainly due to energy prices.
Prices for refined petroleum products kept rising…
After three months of decline, prices for refined petroleum products continued their rally which started in January (+3.7 % following +1.7 %), driven by the price for Brent crude sourced from the North Sea (+3.4 % following +1.2 %). However, the advance in electricity prices was smaller in February than in January (+1.7 % following +2.4 %).
... prices for equipments and machinery increased moderately...
Prices for electrical, electronic and computer equipments and machinery increased by +0.4 % as in January, following several months of slight decline.
... while food prices and prices for "other manufactured products" remained steady
The stability of food prices covered contrasted movements, a slight fall for dairy products (–0.3 %), and an increase for processed and preserved meat (+0.4 %).
On the whole, prices for "other manufactured products" were also stable (–0.1 %). The moderate rises in prices for paper and paperboard (+0.5 %) - driven by the prices for pulp - and in prices for clothing (+0.3 %) were indeed offset by the significant fall in prices for basic metals (–1.3 %).
FOREIGN MARKETS: +0.3 % in February
Producer prices of French industrial products sold on foreign markets moved up by +0.3 % in February, following +0.1 % in January. As in January, the significant rise in energy prices contributed to this increase, as did – to a lesser extent – the increase in prices for "other manufactured products" (+0.2 %), mainly due to chemical products (+0.3 %).
ALL MARKETS: +0.4 % in February
On all markets, the rise was +0.4 % in February, in line with the January rise (+0.5 %).
Import price indices of industrial products: +0.3 % in February
After the stability of January, buying prices for imported industrial products advanced in February (+0.3 %). Buying prices for crude oil and for refined petroleum products rose again, but the significant declines in prices for some products in January were replaced by moderate rises in February, most notably for transport equipment (+0.5 %).
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 | Feb.13 | In 1 month | In 1 year |
| French market | ||||
| BE:TOTAL INDUSTRY | 1000 | 109.8 | 0.4 | 1.9 |
| (DE) Mining and quarrying, energy, water | 234 | 115.4 | 0.9 | 5.1 |
| CZ: Manufactured prod. | 766 | 108.2 | 0.3 | 0.9 |
| (C1) Food products, beverages, tobacco | 209 | 111.5 | 0.0 | 4.1 |
| (C2) Coke and refined petroleum products | 52 | 142.2 | 3.7 | –1.4 |
| (C3) Electrical & electronic equip., computers, mach. | 51 | 102.7 | 0.4 | 0.9 |
| (C4) Transport equipment | 72 | 103.1 | 0.3 | 0.2 |
| (C5) Other man. products | 382 | 103.9 | –0.1 | –0.4 |
| Foreign markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 104.5 | 0.3 | –0.3 |
| CZ: Manufactured prod. | 984 | 104.6 | 0.3 | –0.1 |
| (C1) Food products, beverages, tobacco | 97 | 110.0 | –0.3 | 2.0 |
| (C2) Coke and refined petroleum products | 37 | 138.4 | 4.7 | –4.1 |
| (C3) Electrical & electronic equip., computers, mach. | 191 | 99.0 | –0.1 | –2.3 |
| (C4) Transport equipment | 256 | 104.1 | 0.1 | 1.6 |
| (C5) Other man. products | 402 | 103.3 | 0.2 | –0.1 |
| All markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 108.0 | 0.4 | 1.2 |
| CZ: Manufactured prod. | 840 | 106.8 | 0.3 | 0.5 |
| (C1) Food products, beverages, tobacco | 171 | 111.2 | –0.1 | 3.7 |
| (C2) Coke and refined petroleum products | 47 | 141.2 | 4.0 | –2.2 |
| (C3) Electrical & electronic equip., computers, mach. | 99 | 100.2 | 0.1 | –1.2 |
| (C4) Transport equipment | 134 | 103.7 | 0.2 | 1.1 |
| (C5) Other man. products | 389 | 103.7 | 0.0 | –0.3 |
tableauTableau2 – Import prices of industrial products
| Change en % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 | Weight | Feb.13 | In 1 month | In 1 year |
| BE:TOTAL INDUSTRY | 1000 | 108.0 | 0.3 | –0.7 |
| CZ: Manufactured prod. | s | 105.1 | 0.3 | –0.3 |
| (C1) Food products, beverages, tobacco | 70 | 113.4 | –0.1 | 2.2 |
| (C2) Coke and refined petroleum products | 49 | 142.3 | 3.8 | –0.5 |
| (C3) Electrical & electronic equip., computers, mach. | 219 | 98.1 | –0.5 | –0.8 |
| (C4) Transport equipment | 146 | 100.8 | 0.5 | –1.1 |
| (C5) Other manufactured products | s | 105.0 | 0.1 | –0.3 |
- r: updated ; nd: non available ; s : confidential
tableauTableau3 – Revision of each index at total industry level
| Nov.12 / Oct.12 | Dec.12 / Nov.12 | Jan.13 / Dec.12 | |
|---|---|---|---|
| French producer prices in industry sold on: | |||
| - the French market | +0.2 | // | +0.2(1) |
| - the foreign markets | –0.1 | +0.1 | // |
| - all markets | +0.1 | // | +0.1 |
| Import prices of industrial products | +0.2 | +0.2 | +0.2 |
- (1) Reading note: the evolution of the index between Dec.12 and Jan.13 published last month was equal to 0.5 %. It is updated to 0.7 %; that is to say a revision of +0.2 %, for a half due to rebasing to 2010.
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