Stability in manufactured products prices, except for energyIndustrial Producer and Import Price Indices - November 2011

In November, French producer prices in industry increased by 0.4 %, following +0.5 % in October. Manufactured products (including refined petroleum products), and mining and energy prices, increased by 0.4 % and 0.5 %, respectively. Except for refined petroleum products and electricity, French producer prices in industry were unchanged.

Publications for experts
Informations rapides – No 314
Paru le : 12/23/2011
Prochaine parution le : 12/21/2016 at 08:45 - November 2016

Producer price indices in French industry

FRENCH MARKET: +0.4 % in November

In November, French producer prices in industry increased by 0.4 %, following +0.5 % in October. Manufactured products (including refined petroleum products), and mining and energy prices, increased by 0.4 % and 0.5 %, respectively. Except for refined petroleum products and electricity, French producer prices in industry were unchanged.

Prices of refined petroleum products rose again in November ...

In a context of higher Brent crude (sourced from the North Sea) prices, heightened by the euro depreciation against the US dollar (+3.3 % in euro, +2.2 % in US dollar), prices of refined petroleum products increased by 3.4 % in November (+0.4 % in October).

Electricity prices recorded a seasonal increase for the third consecutive month (+0.6 % in November, following +4.3 % and +0.6 % in October and September, respectively).

... while “other manufactured products” and food prices were unchanged .

The stabilization of “other manufactured products” prices (-0,1 %) is attributable to very moderate price increases, notably in repair and installation services (+0.2 %), and to a slight decline in chemical products, and basic metals and metal products prices (-0.3 % and -0.4 %, respectively), linked to the movement of raw material prices (nickel, aluminium, hydrocarbons, ... )

Food prices were unchanged (+0.1 %, following +0.3 % in October). This movement is attributable to seasonal and significant increases in meat prices (+2.5 % for processed and preserved meat) and a decline in prepared animal feeds (-1.5 %), linked to the decline in cereal prices.

FOREIGN MARKETS: + 0.2 % in November

Producer prices of French industrial products sold on foreign markets increased slightly by 0.2 %, following +0.1 % in October. Overall, prices of manufactured products were unchanged : the significant increase in refined petroleum products prices (+3.6 %) was offset by a decline in “other manufactured products” prices (–0.4 %), most notably basic metals (-1.2 %), linked to the nickel price.

ALL MARKETS: +0.3 % in November

On all markets, producer prices of French industrial products increased by 0.3 %, following +0.4 % in October. The year-over-year increase was +4.8 % in November, after + 5.1 % in October .

Import prices indices of industrial products: +0.5 % in November

Imported industrial products prices increased by 0.5 %, following a decline in October (-0.3 %). These higher import prices were mainly attributable to an increase in crude oil and petroleum products prices, while the other manufactured products prices declined.

Graphique1_EN – Total Industry price indices

  • Source : INSEE

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 Nov.11 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 117,2 0,4 5,6
(DE) Mining and quarrying, energy, water 130 135,0 0,5 7,5
CZ: Manufactured prod. 870 114,6 0,4 5,3
(C1) Food products, beverages, tobacco 188 110,7 0,1 5,4
(C2) Coke and refined petroleum products 70 160,0 3,4 27,1
(C3) Electrical & electronic equip., computers, mach. 92 110,7 0,0 1,9
(C4) Transport equipment 79 107,0 0,1 2,8
(C5) Other man. products 441 111,1 –0,1 2,4
Foreign markets
BE:TOTAL INDUSTRY 1000 107,6 0,2 2,9
CZ: Manufactured prod. s 106,9 0,0 2,9
(C1) Food products, beverages, tobacco 82 117,7 0,0 5,9
(C2) Coke and refined petroleum products 25 209,4 3,6 25,2
(C3) Electrical & electronic equip., computers, mach. 202 97,4 0,2 1,8
(C4) Transport equipment 211 100,2 0,1 0,5
(C5) Other man. products s 106,7 –0,4 1,9
All markets
BE:TOTAL INDUSTRY 1000 114,2 0,3 4,8
CZ: Manufactured prod. s 111,9 0,3 4,5
(C1) Food products, beverages, tobacco 154 111,9 0,1 5,5
(C2) Coke and refined petroleum products 56 166,9 3,5 26,8
(C3) Electrical & electronic equip., computers, mach. 127 104,0 0,1 1,8
(C4) Transport equipment 121 103,2 0,1 1,5
(C5) Other man. products s 109,7 –0,2 2,3

    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 Nov.11 In 1 month In 1 year
    BE:TOTAL INDUSTRY 1000 119,6 0,5 7,9
    CZ: Manufactured prod. s 109,6 0,1 3,9
    (C1) Food products, beverages, tobacco 69 126,8 0,4 7,2
    (C2) Coke and refined petroleum products 41 161,9 2,7 26,1
    (C3) Electrical & electronic equip., computers, mach. 210 93,2 –0,2 –1,6
    (C4) Transport equipment 133 101,5 –0,1 0,9
    (C5) Other manufactured products s 112,3 –0,1 3,9
    • 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
    Aug.11 / Jul.11 Sep.11 / Aug.11 Oct.11 / Sep.11
    French producer prices in industry sold on:
    - the French market // // //
    - the foreign markets // // +0,1(1)
    - all markets // // //
    Import prices of industrial products // // –0,1
    • (1) Reading note: the evolution of the index between Sep.11 and Oct.11 published last month was equal to 0 %. It is updated to +0,1 %; that is to say a revision of +0,1 %.