Seasonal increase in energy prices, but stability in manufactured products pricesIndustrial Producer and Import Price Indices - October 2011

In October, French producer prices in industry increased by 0.5 %, following +0.3 % in September. Overall, manufactured products prices were unchanged, while energy prices (steam and hot water supply services) were affected by a seasonal increase.

Informations rapides
No 291
Paru le : 30/11/2011
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

VERSION PUBLISHED ON 30 NOVEMBER 2011 AT 12 P.M., AFTER CORRECTION

Producer price indices in French industry

FRENCH MARKET: +0.5 % in October

In October, French producer prices in industry increased by 0.5 %, following +0.3 % in September. Overall, manufactured products prices were unchanged, while energy prices (steam and hot water supply services) were affected by a seasonal increase.

Energy prices rose in a seasonal context ...

Prices of electricity, gas, steam and air conditioning increased significantly (+4.2 %), mainly due to winter pricing for steam and hot water supply services (+38 %) coming into effect. Electricity prices recorded also a slight seasonal increase.

Brent crude prices sourced from the North Sea fell in October (-1.7 % in euros ), after a rise in September (+4.7 %), so that prices of refined petroleum products followed different leads by products (+0.4 % in total).

... while prices of “other manufactured products” moved down ...

In a context of lower raw material prices, prices of “other manufactured products” fell slightly by 0.2 % in October, following +0.0 % in September. Prices of chemical products, basic metals and metal products, paper and paper products declined significantly by 0.5 %, 0.4 %, and 0.8 %, respectively, linked to prices of certain petroleum products, metals and pulp.

... and food prices slightly increased

Food prices increased slightly, by 0.3 % after -0.2 % in September. This moderate movement can be attributed to a significant increase in sugar (+13.4 %) and mineral waters (+2.5 %) prices, while meat and dairy products prices were unchanged.

FOREIGN MARKETS: 0.0 % in October

Overall, producer prices of French industrial products sold on foreign markets were unchanged in October (+0.0 %, following -0.1 % in September). The rise in food prices (+2.6 % for processed meats) was indeed offset by a decline in “other manufactured products” prices (-1.0 % for basic metals and metal products).

ALL MARKETS: +0.4 % in October

On all markets, producer prices of French industrial products increased by 0.4 %, following +0.2 % in September. The year-over-year increase was +5.1 % in October.

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

Imported industrial products prices fell slightly (-0.2 %), following an increase (+1.0 %) in September and a decline (-0.5 %) in August. Crude oil and petroleum products prices were unchanged, while basic metals and metal products (-2.4 %), and chemical products (–0.7 %) prices fell, linked to significantly lower prices of raw material.

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 Oct.11 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 116.8 0.5 5.8
(DE) Mining and quarrying, energy, water 130 134.3 3.5 7.5
CZ: Manufactured prod. 870 114.2 0.0 5.5
(C1) Food products, beverages, tobacco 188 110.6 0.3 5.4
(C2) Coke and refined petroleum products 70 154.7 0.4 26.4
(C3) Electrical & electronic equip., computers, mach. 92 110.9 0.0 1.8
(C4) Transport equipment 79 107.0 0.2 2.8
(C5) Other man. products 441 111.2 –0.2 3.1
Foreign markets
BE:TOTAL INDUSTRY 1000 107.3 0.0 3.3
CZ: Manufactured prod. s 106.8 –0.1 3.3
(C1) Food products, beverages, tobacco 82 117.9 0.7 6.4
(C2) Coke and refined petroleum products 25 202.1 0.0 25.9
(C3) Electrical & electronic equip., computers, mach. 202 97.0 –0.1 1.7
(C4) Transport equipment 211 100.1 0.0 0.5
(C5) Other man. products s 107.1 –0.4 2.8
All markets
BE:TOTAL INDUSTRY 1000 113.8 0.4 5.1
CZ: Manufactured prod. s 111.6 0.0 4.8
(C1) Food products, beverages, tobacco 154 111.8 0.4 5.6
(C2) Coke and refined petroleum products 56 161.3 0.3 26.3
(C3) Electrical & electronic equip., computers, mach. 127 103.9 0.0 1.7
(C4) Transport equipment 121 103.2 0.1 1.6
(C5) Other man. products s 109.9 –0.3 3.0

    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 Oct.11 In 1 month In 1 year
    BE:TOTAL INDUSTRY 1000 119.0 –0.2 8.3
    CZ: Manufactured prod. s 109.4 –0.3 4.2
    (C1) Food products, beverages, tobacco 69 126.3 0.1 8.2
    (C2) Coke and refined petroleum products 41 158.0 0.0 27.2
    (C3) Electrical & electronic equip., computers, mach. 210 93.2 0.2 –1.4
    (C4) Transport equipment 133 101.7 0.1 1.1
    (C5) Other manufactured products s 112.3 –0.7 4.3
    • 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
    Jul.11 / Jun.11 Aug.11 / Jul.11 Sep.11 / Aug.11
    French producer prices in industry sold on:
    - the French market // // +0.1
    - the foreign markets // // +0.1
    - all markets // // //
    Import prices of industrial products –0.1 // +0.2(1)
    • (1) Reading note: the evolution of the index between Aug.11 and Sep.11 published last month was equal to 0.8 %. It is updated to 1 %; that is to say a revision of +0.2 %.