Producer prices rose againIndustrial 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.

Informations rapides
No 84
Paru le : 30/03/2012
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

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).

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 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

    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 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

    Tableau3 – Revision of each index at total industry level

    Revision of the monthly change (in %)
    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 %.