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).

Informations rapides
No 28
Paru le : 31/01/2013
Prochaine parution le : 22/12/2017 at 08:45 - November 2017

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 %).

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 Dec.12 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 119.0 –0.3 1.6
(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
Foreign markets
BE:TOTAL INDUSTRY 1000 108.1 –0.2 0.5
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
All markets
BE:TOTAL INDUSTRY 1000 115.5 –0.3 1.3
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

    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 Dec.12 In 1 month In 1 year
    BE:TOTAL INDUSTRY 1000 119.9 –0.7 0.6
    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

    Tableau3 – Revision of each index at total industry level

    Revision of the monthly change (in %)
    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 %.