Energy prices continued to increaseIndustrial 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.

Informations rapides
No 75
Paru le : 29/03/2013
Prochaine parution le : 30/11/2017 at 08:45 - October 2017

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 %).

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: 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 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

    Tableau2 – Import prices of industrial products

    base and reference year: 2010
    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

    Tableau3 – Revision of each index at total industry level

    Revision of the monthly change (in %)
    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.