27 April 2012
2012- n° 112Both producer prices and import prices rose again Industrial Producer and Import Price Indices - March 2012
In March, French producer prices in industry rose for the third consecutive month, at a similar rate of 0.5 %, following +0.7 % and +0.6 % in January and February, respectively. As in February, most of this increase can be attributed to higher prices for refined petroleum products, combined with a seasonal increase in food prices and a moderate rise in “other manufactured products” prices (+0.2 %).
Producer price indices in French industry
FRENCH MARKET: +0.5 % in March
In March, French producer prices in industry rose for the third consecutive month, at a similar rate of 0.5 %, following +0.7 % and +0.6 % in January and February, respectively. As in February, most of this increase can be attributed to higher prices for refined petroleum products, combined with a seasonal increase in food prices and a moderate rise in “other manufactured products” prices (+0.2 %).
Prices for refined petroleum products rose again
Prices for refined petroleum products rose by 2.8 % (following +3.4 % in February and +5.1 % in January), consistently with the price for Brent crude (sourced from the North Sea), which had been rising since January : the price per barrel increased by 5.3 % in dollar terms in March (+5.5 % in euro terms), and by 15.2 % in dollar terms over the last three months (+14.7 % in euro terms).
Food prices moved up significantly
The rise in food prices (+0.4 %, following +0.5 % in February) was mostly attributable to a seasonal increase in meat prices after the January sales, and was most notable for processed and preserved meat prices (+1.6 %). Price for prepared animal feeds moved up (+1.0 % for farm animals) in a context of higher cereals prices.
FOREIGN MARKETS: + 0.3 % in March
Producer prices of French industrial products sold on foreign markets increased by 0.3 % in March, as in February. This rise was also mainly attributable to higher prices for refined petroleum products.
ALL MARKETS: +0.4 % in March
In all markets, producer prices of French industrial products increased by 0.4 %, +3.1 % year-over-year.
Import prices indices of industrial products : +1.0 % in March
Imported industrial products prices rose significantly in March (+1.0 % ), as in February and January (+0.8 % and +1.1 %, respectively), in a context of significant rises in oil prices and raw material prices.
February price indices have been markedly revised upwards, due to a correction of a mistake in the answer of an enterprise for petroleum products (cf. table “Revision of each index at total industry level” next page).
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.12 | In 1 month | In 1 year |
| French market | ||||
| BE:TOTAL INDUSTRY | 1000 | 119.2 | 0.5 | 3.7 |
| (DE) Mining and quarrying, energy, water | 130 | 136.2 | 0.2 | 7.4 |
| CZ: Manufactured prod. | 870 | 116.7 | 0.6 | 3.1 |
| (C1) Food products, beverages, tobacco | 188 | 111.7 | 0.4 | 3.0 |
| (C2) Coke and refined petroleum products | 70 | 178.1 | 2.8 | 13.6 |
| (C3) Electrical & electronic equip., computers, mach. | 92 | 110.6 | 0.3 | 0.8 |
| (C4) Transport equipment | 79 | 106.2 | 0.0 | 1.7 |
| (C5) Other man. products | 441 | 112.2 | 0.2 | 1.4 |
| Foreign markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 109.0 | 0.3 | 1.7 |
| CZ: Manufactured prod. | s | 108.4 | 0.3 | 1.8 |
| (C1) Food products, beverages, tobacco | 82 | 118.0 | 0.0 | 1.9 |
| (C2) Coke and refined petroleum products | 25 | 247.3 | 4.9 | 20.0 |
| (C3) Electrical & electronic equip., computers, mach. | 202 | 97.8 | –0.2 | 0.8 |
| (C4) Transport equipment | 211 | 100.7 | 0.0 | 1.0 |
| (C5) Other man. products | s | 107.5 | 0.1 | 0.7 |
| All markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 116.0 | 0.4 | 3.1 |
| CZ: Manufactured prod. | s | 113.8 | 0.5 | 2.6 |
| (C1) Food products, beverages, tobacco | 154 | 112.8 | 0.3 | 2.8 |
| (C2) Coke and refined petroleum products | 56 | 187.8 | 3.2 | 14.7 |
| (C3) Electrical & electronic equip., computers, mach. | 127 | 104.2 | 0.1 | 0.8 |
| (C4) Transport equipment | 121 | 103.2 | 0.0 | 1.3 |
| (C5) Other man. products | s | 110.6 | 0.2 | 1.2 |
tableauTableau2 – Import prices of industrial products
| Change en % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 | Weight | Mar.12 | In 1 month | In 1 year |
| BE:TOTAL INDUSTRY | 1000 | 122.7 | 1.0 | 4.8 |
| CZ: Manufactured prod. | s | 111.0 | 0.4 | 2.2 |
| (C1) Food products, beverages, tobacco | 69 | 128.3 | 0.5 | 3.1 |
| (C2) Coke and refined petroleum products | 41 | 180.9 | 3.8 | 12.9 |
| (C3) Electrical & electronic equip., computers, mach. | 210 | 94.0 | 0.1 | –0.2 |
| (C4) Transport equipment | 133 | 101.5 | –0.3 | 0.4 |
| (C5) Other manufactured products | s | 112.8 | 0.2 | 2.0 |
- r: updated ; nd: non available ; s : confidential
tableauTableau3 – Revision of each index at total industry level
| Dec.11 / Nov.11 | Jan.12 / Dec.11 | Feb.12 / Jan.12 | |
|---|---|---|---|
| French producer prices in industry sold on: | |||
| - the French market | // | –0.1 | –0.1 |
| - the foreign markets | –0.2 | // | –0.2 |
| - all markets | –0.1 | // | –0.1 |
| Import prices of industrial products | // | // | +1.3(1) |
- (1) Reading note: the evolution of the index between Jan.12 and Feb.12 published last month was equal to -0.5 %. It is updated to 0,8 %; that is to say a revision of +1.3 %.
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