Decline in energy pricesIndustrial Producer and Import Price Indices - December 2012
In December, French producer prices in industry moved down for the second month in a row (-0.3 % in December, following -0.5 % in November).
VERSION PUBLISHED ON 31 JANUARY 2013 AT 15.30 P.M., AFTER CORRECTION
Producer price indices in French industry
FRENCH MARKET: -0.3 % in December
In December, French producer prices in industry moved down for the second month in a row (-0.3 % in December, following -0.5 % in November). As in November, prices for refined petroleum products dipped (–3.2 % following -3.0 % in November). The drop in energy prices (electricity) was stronger this month (–0.9 % following -0.4 %). These movements were slightly offset by the moderate rise in food prices and in prices for electrical and computer equipment (+0.3 % for both).
Prices for refined petroleum products continued to decrease strongly…
Following three consecutive months of decline, following strong increases in August and September, prices for refined petroleum products reached the same level as in July 2012, one of the lowest month of the year (after June). The extent of the decline in December was comparable for all refined petroleum products (-2.9 % for unleaded premium gas, -3.6 % for dieseil oil and -2.8 % for heating oil).
... electricity prices moved down...
The decline in electricity prices in November and December followed a period of continuous increase since July, therefore the price level of December was the same as the annual average price for 2012.
... while food prices and prices for electrical and computer equipment increased slightly.
Food prices advanced (+0.4 % following +0.3 % in November), due to the seasonal rise in prices for poultry meat (+1.7 %), dairy products (+0.8 %) and wine (+2 %). The increase in prices for electrical and computer equipment were mainly due to a strong rise in prices for communication equipment (+2,3 %).
FOREIGN MARKETS: -0,2 % in December
Producer prices of French industrial products sold on foreign markets fell back slightly for the third month in a row (-0.1 % and -0.3 % in November and October respectively). This decline - driven by lower prices for refined petroleum products - was heightened by the strong drop in electricity prices.
ALL MARKETS: -0.3 % in December
On all markets, the year-over-year rise in producer prices of French industrial products was only +1.3 % this month, of which +1,5 % for refined petroleum products. In fine, food products had the most increasing prices year-over-year (+3.9 %).
Import price indices of industrial products : -0.7 % in December
In December, buying prices for imported industrial products decreased sharply following almost no change in November (-0.7 % following -0.1 %). This movement was driven by the strong decline of energy prices (refined petroleum products and electricity) but a decrease was observed for all manufactured products, except for transport equipment (+0.3 %).
tableau Tableau1 – 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||Dec.12||In 1 month||In 1 year|
|(DE) Mining and quarrying, energy, water||130||139.9||–0.6||3.1|
|CZ: Manufactured prod.||870||115.9||–0.3||1.4|
|(C1) Food products, beverages, tobacco||188||115.5||0.3||4.5|
|(C2) Coke and refined petroleum products||70||162.2||–3.2||1.7|
|(C3) Electrical & electronic equip., computers, mach.||92||111.8||0.3||1.1|
|(C4) Transport equipment||79||106.6||0.1||0.9|
|(C5) Other man. products||441||111.0||0.0||0.1|
|CZ: Manufactured prod.||s||107.6||–0.1||0.7|
|(C1) Food products, beverages, tobacco||82||119.7||–0.3||1.4|
|(C2) Coke and refined petroleum products||25||210.9||–2.7||0.6|
|(C3) Electrical & electronic equip., computers, mach.||202||97.8||0.5||0.4|
|(C4) Transport equipment||211||102.4||0.6||2.3|
|(C5) Other man. products||s||106.7||–0.3||0.1|
|CZ: Manufactured prod.||s||113.0||–0.2||1.1|
|(C1) Food products, beverages, tobacco||154||116.2||0.2||3.9|
|(C2) Coke and refined petroleum products||56||169.0||–3.1||1.5|
|(C3) Electrical & electronic equip., computers, mach.||127||104.6||0.4||0.8|
|(C4) Transport equipment||121||104.2||0.4||1.6|
|(C5) Other man. products||s||109.6||–0.1||0.1|
tableau Tableau2 – Import prices of industrial products
|Change en %|
|Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008||Weight||Dec.12||In 1 month||In 1 year|
|CZ: Manufactured prod.||s||110.0||–0.3||0.9|
|(C1) Food products, beverages, tobacco||69||130.6||–0.2||3.1|
|(C2) Coke and refined petroleum products||41||164.2||–3.7||2.4|
|(C3) Electrical & electronic equip., computers, mach.||210||93.8||–0.2||0.1|
|(C4) Transport equipment||133||100.6||0.3||–1.1|
|(C5) Other manufactured products||s||112.3||–0.1||1.1|
- r: updated ; nd: non available ; s : confidential
tableau Tableau3 – Revision of each index at total industry level
|Sep.12 / Aug.12||Oct.12 / Sep.12||Nov.12 / Oct.12|
|French producer prices in industry sold on:|
|- the French market||//||-0,1(1)||//|
|- the foreign markets||//||+0,1||//|
|- all markets||–0,1||//||//|
|Import prices of industrial products||//||–0,1||//|
- (1) Reading note: the change of the index between Oct.12 and Nov.12 published last month was equal to 0.5 %. It is updated to 0.4 %; that is to say a revision of -0.1 %.