Both producer prices and import prices rose againIndustrial 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 %).

Informations rapides
No 112
Paru le : 27/04/2012
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

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).

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: 2005
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

    Tableau2 – Import prices of industrial products

    base and reference year: 2005
    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

    Tableau3 – Revision of each index at total industry level

    Revision of the monthly change (in %)
    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 %.