Slight decline in oil pricesIndustrial Producer and Import Price Indices - April 2012

In April, French producer prices in industry were unchanged, following three consecutive monthly increases (+0.5 % in March, +0.7 % in both January and February). This stability was mainly attributable to lower prices for refined petroleum products and a slight drop in prices for “other manufactured products” (–0.1 %), and to a moderate rise in prices for mining and quarrying products and for energy (+0.5 %) due to higher gas prices (+1.6 %).

Informations rapides
No 134
Paru le : 31/05/2012
Prochaine parution le : 30/11/2017 at 08:45 - October 2017

Producer price indices in French industry

FRENCH MARKET: +0.0 % in April

In April, French producer prices in industry were unchanged, following three consecutive monthly increases (+0.5 % in March, +0.7 % in both January and February). This stability was mainly attributable to lower prices for refined petroleum products and a slight drop in prices for “other manufactured products” (–0.1 %), and to a moderate rise in prices for mining and quarrying products and for energy (+0.5 %) due to higher gas prices (+1.6 %).

Prices for refined petroleum products fell after three consecutive monthly increases

Prices for refined petroleum products fell (-1.4 %), following a period of important increases since January 2012. The drop in price for Brent crude sourced from the North Sea (-3.1 % in dollar terms and -2.7 % in euro terms) contributed to the decline in prices for refined petroleum products, most notably for diesel oil (–1.3 %) and heating oil (-2.3 %).

Food prices rose again

As in March, food prices increased by 0.3 % in April. Meat prices fell slightly (-0.3 %, following +1.1 % in March), while wine prices increased by 0.8 % and prices for "other food products" moved up due to a hike in egg prices (+ 18 % for egg products only).

Prices for "other manufactured products" fell slightly

The very slight drop in prices for "other manufactured products" (-0.1 %), was nevertheless attributable to some important price declines, most notably for textiles due to the seasonal context (-0.5 %) and for pharmaceutical products (-1.3 %) due to a general plan to lower prices launched by the Health authorities.

FOREIGN MARKETS: - 0.1 % in April

Producer prices of French industrial products sold on foreign markets were almost unchanged in April (–0.1 %, following +0.1 % in March). Prices for refined petroleum products were stable (-0.1 %) as prices for other products, except for basic metals and metal products (-0.8 %) due to lower aluminium prices.

ALL MARKETS: +0.0 % in April

In all markets, producer prices of French industrial products were stable in April, and increased by 2.2 % only year-over-year.

Import prices indices of industrial products : -0.2 % in April

The slight decline in imported industrial products prices (-0.2 %), following a period of consecutive monthly increases since the beginning of the year, was mainly due to lower prices for oil and refined petroleum products. Prices for "other manufactured products" remained on an upward trend, most notably for chemical products (+1.1 %) , and for metal products (+0.8 %).

Regarding food prices (+0.3 %), prices for oils and fats have been continously increasing since November 2011 (+6.5 % in April).

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 Apr.12 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 119.2 0.0 2.7
(DE) Mining and quarrying, energy, water 130 136.7 0.5 5.6
CZ: Manufactured prod. 870 116.6 –0.1 2.2
(C1) Food products, beverages, tobacco 188 112.0 0.3 2.3
(C2) Coke and refined petroleum products 70 175.6 –1.4 9.4
(C3) Electrical & electronic equip., computers, mach. 92 111.5 0.2 1.7
(C4) Transport equipment 79 106.2 0.0 1.3
(C5) Other man. products 441 112.1 –0.1 0.7
Foreign markets
BE:TOTAL INDUSTRY 1000 108.8 –0.1 1.1
CZ: Manufactured prod. s 108.1 –0.1 1.1
(C1) Food products, beverages, tobacco 82 117.8 0.1 0.9
(C2) Coke and refined petroleum products 25 247.1 –0.1 14.4
(C3) Electrical & electronic equip., computers, mach. 202 96.7 –0.1 0.1
(C4) Transport equipment 211 100.7 –0.1 1.0
(C5) Other man. products s 107.4 –0.2 0.1
All markets
BE:TOTAL INDUSTRY 1000 115.9 0.0 2.2
CZ: Manufactured prod. s 113.7 –0.1 1.8
(C1) Food products, beverages, tobacco 154 113.0 0.3 2.0
(C2) Coke and refined petroleum products 56 185.6 –1.1 10.3
(C3) Electrical & electronic equip., computers, mach. 127 104.0 0.1 1.0
(C4) Transport equipment 121 103.1 0.0 1.2
(C5) Other man. products s 110.6 –0.1 0.5

    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 Apr.12 In 1 month In 1 year
    BE:TOTAL INDUSTRY 1000 122.4 –0.2 3.4
    CZ: Manufactured prod. s 111.2 0.2 1.8
    (C1) Food products, beverages, tobacco 69 128.2 0.3 2.6
    (C2) Coke and refined petroleum products 41 177.8 –1.7 8.8
    (C3) Electrical & electronic equip., computers, mach. 210 94.2 0.1 0.5
    (C4) Transport equipment 133 101.6 0.1 0.4
    (C5) Other manufactured products s 113.3 0.5 1.7
    • 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
    Jan.12 / Dec.11 Feb.12 / Jan.12 Mar.12 / Feb.12
    French producer prices in industry sold on:
    - the French market +0.1 // //
    - the foreign markets // +0.1 -0.2(1)
    - all markets // // //
    Import prices of industrial products // // //
    • (1) Reading note: the evolution of the index between Feb.12 and Mar.12 published last month was equal to 0.3 %. It is updated to 0.1 %; that is to say a revision of -0.2 %.