30 November 2011
2011- n° 291Seasonal increase in energy prices, but stability in manufactured products prices Industrial 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.
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.
graphiqueGraphique1_EN – Total Industry price indices
graphiqueGraphique2_EN – Producer price indices of manufactured products sold on the french market
graphiqueGraphique3_EN – Import price indices of manufactured products
tableauTableau1 – 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 |
tableauTableau2 – 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
tableauTableau3 – 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 %.
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