30 March 2012
2012- n° 84Producer prices rose again Industrial Producer and Import Price Indices - February 2012
In February, French producer prices in industry rose again by 0.8 %, following +0.7 % in January. As in January, most of this increase can be attributed to higher prices of refined petroleum products, but higher food prices and higher prices of “other manufactured products” also contributed significantly to this month’s rise.
Producer price indices in French industry
FRENCH MARKET: +0.8 % in February
In February, French producer prices in industry rose again by 0.8 %, following +0.7 % in January. As in January, most of this increase can be attributed to higher prices of refined petroleum products, but higher food prices and higher prices of “other manufactured products” also contributed significantly to this month’s rise.
Prices for refined petroleum products rose again
Prices for refined petroleum products rose significantly : +4.7 % for heating oil, +3.9 % for unleaded premium gas, +2.2 % for diesel oil, following +4.7 %, +9.3 %, and +4.2 % respectively in the previous month. Brent crude (sourced from the North Sea) price increased again in February, by +6.1 % in dollar terms and +3.3 % in euro terms .
Food prices moved up
Food prices moved up by 0.5 %, following three months of almost no change. Meat prices rose again, most notably processed and preserved meat prices (+2.5 %) following a seasonal decrease in January (-2.9 %). Higher bread and pastry goods prices, and an increase in sugar price (+2.4 %, following +3.2 %) also contributed to the rise.
Prices for “other manufactured products” increased
Prices of “other manufactured products” (+0.5 %) rose significantly, following a moderate increase in January (+0.2 %), and a period of almost no change or decrease since May 2011. These rises can be mainly traced to the movements of raw material prices, and are most significant for chemical products prices (+2.6 %) and basic metals prices (+0.5 %).
FOREIGN MARKETS: + 0.5 % in February
Producer prices of French industrial products sold on foreign markets increased by 0.5 % (following +0.7 % in January). As in January, this movement is mainly attributable to higher prices of refined petroleum products, but also to higher prices of food products (+0.3 %, following –0,4 %) and of “other manufactured products” - but to a lesser extent than in January for these latter, because of a significant decline in pharmaceutical products prices (–1.8 %) involved by new generic drugs.
ALL MARKETS: +0.7 % in February
In all markets, producer prices of French industrial products increased by 0.7 % in February, 3.6 % year-over-year.
Import prices indices of industrial products : -0.5 % in February
Imported industrial products prices declined by 0.5 % in February. Despite another monthly rise in Brent crude price (see above), the price movements are mitigated between crude oil prices (declining) and refined petroleum products prices (rising).
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 | Feb.12 | In 1 month | In 1 year |
| French market | ||||
| BE:TOTAL INDUSTRY | 1000 | 118,8 | 0,8 | 4,3 |
| (DE) Mining and quarrying, energy, water | 130 | 136,0 | 0,5 | 7,2 |
| CZ: Manufactured prod. | 870 | 116,2 | 0,8 | 3,8 |
| (C1) Food products, beverages, tobacco | 188 | 111,3 | 0,5 | 3,4 |
| (C2) Coke and refined petroleum products | 70 | 173,3 | 3,5 | 18,5 |
| (C3) Electrical & electronic equip., computers, mach. | 92 | 110,4 | 0,3 | 0,7 |
| (C4) Transport equipment | 79 | 108,1 | 0,1 | 3,2 |
| (C5) Other man. products | 441 | 111,9 | 0,5 | 1,5 |
| Foreign markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 108,9 | 0,5 | 2,1 |
| CZ: Manufactured prod. | s | 108,3 | 0,3 | 2,2 |
| (C1) Food products, beverages, tobacco | 82 | 117,9 | 0,3 | 2,2 |
| (C2) Coke and refined petroleum products | 25 | 235,9 | 3,5 | 21,9 |
| (C3) Electrical & electronic equip., computers, mach. | 202 | 98,1 | –0,1 | 1,8 |
| (C4) Transport equipment | 211 | 101,0 | 0,1 | 1,1 |
| (C5) Other man. products | s | 107,6 | 0,2 | 1,0 |
| All markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 115,7 | 0,7 | 3,6 |
| CZ: Manufactured prod. | s | 113,5 | 0,6 | 3,3 |
| (C1) Food products, beverages, tobacco | 154 | 112,4 | 0,5 | 3,2 |
| (C2) Coke and refined petroleum products | 56 | 182,1 | 3,5 | 19,1 |
| (C3) Electrical & electronic equip., computers, mach. | 127 | 104,2 | 0,1 | 1,2 |
| (C4) Transport equipment | 121 | 104,2 | 0,1 | 2,1 |
| (C5) Other man. products | s | 110,5 | 0,4 | 1,4 |
tableauTableau2 – Import prices of industrial products
| Change en % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 | Weight | Feb.12 | In 1 month | In 1 year |
| BE:TOTAL INDUSTRY | 1000 | 120,0 | –0,5 | 3,7 |
| CZ: Manufactured prod. | s | 110,6 | 0,6 | 2,4 |
| (C1) Food products, beverages, tobacco | 69 | 127,4 | 0,1 | 2,8 |
| (C2) Coke and refined petroleum products | 41 | 174,3 | 1,8 | 16,7 |
| (C3) Electrical & electronic equip., computers, mach. | 210 | 93,9 | –0,3 | –0,7 |
| (C4) Transport equipment | 133 | 101,9 | –0,1 | 1,0 |
| (C5) Other manufactured products | s | 112,6 | 1,0 | 2,1 |
- r: updated ; nd: non available ; s : confidential
tableauTableau3 – Revision of each index at total industry level
| Nov.11 / Oct.11 | Dec.11 / Nov.11 | Jan.12 / Dec.11 | |
|---|---|---|---|
| French producer prices in industry sold on: | |||
| - the French market | // | // | +0,1(1) |
| - the foreign markets | –0,1 | +0,1 | +0,1 |
| - all markets | // | // | +0,1 |
| Import prices of industrial products | // | // | –0,1 |
- (1) Reading note: the evolution of the index between Dec.11 and Jan.12 published last month was equal to 0,6 %. It is updated to 0,7 %; that is to say a revision of +0,1 %.
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