Decline in petroleum products pricesIndustrial 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.

Informations rapides
No 105
Paru le : 30/04/2013
Prochaine parution le : 30/11/2017 at 08:45 - October 2017

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.

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 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

    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 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

    Tableau3 – Revision of each index at total industry level

    Revision of the monthly change (in %)
    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 %.