30 April 2013
2013- n° 105Decline in petroleum products prices Industrial Producer and Import Price Indices - March 2013
In March, French producer prices in industry were unchanged, following two months of rise in January and February (+0.7 % and +0.5 %, respectively). The significant drop in prices for refined petroleum products was offset by a rise in energy prices and food prices.
Producer price indices in French industry
FRENCH MARKET: +0.0 % in March
In March, French producer prices in industry were unchanged, following two months of rise in January and February (+0.7 % and +0.5 %, respectively). The significant drop in prices for refined petroleum products was offset by a rise in energy prices and food prices.
Prices for refined petroleum products dipped…
Prices for refined petroleum fell in March (–3.9 %), following two months of rise (+1.7 % and +3.7 % in January and February, respectively). The price for Brent crude sourced from the North Sea plunged in March (–5.8 % in dollar terms, –2.9 % in euro terms).
... other energy prices increased again...
Prices for electricity, gas, steam and air conditioning advanced (+0.9 %) for the third straight month in a row, while prices for water and waste management services rebounded (+1 % following –0.1 %).
... food prices rose moderately....
Food prices moved up again (+0.4 %), following a halt in February (+0.1 %). All products prices increased, in a more significant way for prices for processed meats (+1,7 %) driven up by Easter celebrations, and for wines (+1.5 %).
… and prices for "other manufactured products" were stable on the whole
Prices for "other manufactured products" were stable on the whole (–0.1 %). The fall in prices for chemical products (–0.6 %) and pharmaceutical products (–1,5 %), in line with the movements of raw material prices, was offset by the seasonal rise in prices for repair and installation services of machinery (+0.6 %).
FOREIGN MARKETS: +0.2 % in March
Producer prices of French industrial products sold on foreign markets were steady in March (+0.2 %), as in January and February (+0.2 %). The sharp decline in prices for refined petroleum products (–4.5 %) was balanced by the significant rise in electricity prices driven up by a late cold wave.
ALL MARKETS: +0.1 % in March
On all markets, prices were stable in March. On the whole they moved up by 1.3 % year-over-year, with a significant rise in food prices (+3.8 %) and a decline of refined petroleum products prices (–9.3 %).
Import price indices of industrial products: –0,5 % in March
Purchaser’s prices for imported industrial products moved down significantly in March (-0.5 %), following two months of stability (+0.0 % et +0.2 % in January and February, respectively). This movement can be mainly traced to the drop in oil prices. The sharp rise in prices for electricity and "other manufactured products" (+0.4 %), notably textile (+1.5 %) and pharmaceutical products ( +1.4 %), affected smaller volumes.
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 | Mar.13 | In 1 month | In 1 year |
| French market | ||||
| BE:TOTAL INDUSTRY | 1000 | 110.3 | 0.0 | 1.9 |
| (DE) Mining and quarrying, energy, water | 234 | 118.6 | 0.9 | 7.9 |
| CZ: Manufactured prod. | 766 | 107.9 | –0.3 | 0.1 |
| (C1) Food products, beverages, tobacco | 209 | 111.9 | 0.4 | 4.1 |
| (C2) Coke and refined petroleum products | 52 | 136.7 | –3.9 | –7.9 |
| (C3) Electrical & electronic equip., computers, mach. | 51 | 102.4 | –0.2 | –0.2 |
| (C4) Transport equipment | 72 | 103.0 | 0.1 | 0.0 |
| (C5) Other man. products | 382 | 104.0 | –0.1 | –0.4 |
| Foreign markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 104.8 | 0.2 | 0.1 |
| CZ: Manufactured prod. | 984 | 104.7 | 0.2 | –0.1 |
| (C1) Food products, beverages, tobacco | 97 | 110.5 | 0.7 | 2.7 |
| (C2) Coke and refined petroleum products | 37 | 132.2 | –4.5 | –12.9 |
| (C3) Electrical & electronic equip., computers, mach. | 191 | 99.7 | 0.8 | –0.9 |
| (C4) Transport equipment | 256 | 104.8 | 0.8 | 2.2 |
| (C5) Other man. products | 402 | 103.4 | 0.0 | –0.1 |
| All markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 108.4 | 0.1 | 1.3 |
| CZ: Manufactured prod. | 840 | 106.7 | –0.1 | 0.0 |
| (C1) Food products, beverages, tobacco | 171 | 111.6 | 0.5 | 3.8 |
| (C2) Coke and refined petroleum products | 47 | 135.5 | –4.1 | –9.3 |
| (C3) Electrical & electronic equip., computers, mach. | 99 | 100.6 | 0.5 | –0.6 |
| (C4) Transport equipment | 134 | 104.1 | 0.5 | 1.4 |
| (C5) Other man. products | 389 | 103.8 | –0.1 | –0.3 |
tableauTableau2 – Import prices of industrial products
| Change en % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 | Weight | Mar.13 | In 1 month | In 1 year |
| BE:TOTAL INDUSTRY | 1000 | 107.4 | –0.5 | –2.0 |
| CZ: Manufactured prod. | s | 104.7 | –0.2 | –1.1 |
| (C1) Food products, beverages, tobacco | 70 | 113.5 | 0.4 | 2.0 |
| (C2) Coke and refined petroleum products | 49 | 136.0 | –4.4 | –8.2 |
| (C3) Electrical & electronic equip., computers, mach. | 219 | 98.0 | –0.3 | –1.0 |
| (C4) Transport equipment | 146 | 100.5 | 0.0 | –1.2 |
| (C5) Other manufactured products | s | 105.0 | 0.4 | –0.6 |
- r: updated ; nd: non available ; s : confidential
tableauTableau3 – Revision of each index at total industry level
| Dec.12 / Nov.12 | Jan.13 / Dec.12 | Feb.13 / Jan.13 | |
|---|---|---|---|
| French producer prices in industry sold on: | |||
| - the French market | // | // | +0.1(1) |
| - the foreign markets | // | +0.1 | –0.1 |
| - all markets | // | // | // |
| Import prices of industrial products | // | // | –0.1 |
- (1) Reading note: the evolution of the index between Jan.13 and Feb.13 published last month was equal to 0.4 %. It is updated to 0.5 %; that is to say a revision of +0.1 %.
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