Decrease in import prices, increase in food pricesIndustrial Producer and Import Price Indices - September 2012

In September, French producer prices in industry increased slightly (+0.3 %), following a strong rise in August (+1.3 %). Prices for coke and refined petroleum products levelled off (+0.1 %), while they were leading the whole industry in July and August ; prices for other products advanced at a similar rate as in August, most notably food products.

Informations rapides
No 272
Paru le : 31/10/2012
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

Producer price indices in French industry

FRENCH MARKET: +0.3 % in September

In September, French producer prices in industry increased slightly (+0.3 %), following a strong rise in August (+1.3 %). Prices for coke and refined petroleum products levelled off (+0.1 %), while they were leading the whole industry in July and August ; prices for other products advanced at a similar rate as in August, most notably food products.

Prices for refined petroleum products leveled off...

Prices for refined petroleum products stalled in September (+0.1 %), following rises of +5.8 % and +7.7 % in July and August, repectively. The price for Brent crude sourced from the North Sea stalled strongly in dollar terms (+0.9 % following +9.9 %) and dropped in euro terms (-2.8 %), due to the appreciation of the euro. Kerosene was the only refined product whose price increased.

...while food prices continued to advance.

Food prices rose again in September (+0.9 % following +0.8 % in August). Prices for meat products were strong for the second straight month (+1.8 % following +2.0 %). Prices for processed meat (+3.2 % following +3.1 %) and poultry meat (+1.0 % following +1.2 %) increased significantly, in a context of sharp rises in swine and cereals prices.

Prices for "other manufactured products" increased overall

The overall rise in prices for "other manufactured products" (+0.3 %) includes seasonal price increases in the clothing industry (+1.8 %) due to the new winter collections, and significant increases in prices for chemical products (+1.5 %).

FOREIGN MARKETS: +0,1 % in September

Producer prices of French industrial products sold on foreign markets were steady in September (+0.1 % following +0.5 % in August). Not including kerosene - which is not taken into account for the export - prices for refined petroleum products fell (-2.0 %). The advances in prices for food products and "other manufactured products" were very moderate.

ALL MARKETS: +0.3 % in September

On all markets, producer prices of French industrial products rose by +0.3 %. Year-over-year the rise was +2.4 %, led by the increase in prices for refined petroleum products (+14.1 %) and - to a lesser extent - food products (+3.6 %).

Import prices indices of industrial products : -0.6 % in September

In September, prices for imported industrial products dropped (-0.6 %), mainly due to the movements in crude and refined oil prices. Except for chemical products (+2.1 %), prices fell overall.

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 Sep.12 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 119.5 0.3 2.9
(DE) Mining and quarrying, energy, water 130 136.7 0.3 5.4
CZ: Manufactured prod. 870 116.9 0.3 2.4
(C1) Food products, beverages, tobacco 188 114.7 0.9 4.0
(C2) Coke and refined petroleum products 70 174.8 0.1 13.4
(C3) Electrical & electronic equip., computers, mach. 92 111.6 0.0 0.9
(C4) Transport equipment 79 106.3 –0.1 0.6
(C5) Other man. products 441 111.7 0.3 0.0
Foreign markets
BE:TOTAL INDUSTRY 1000 108.8 0.1 1.5
CZ: Manufactured prod. s 108.3 0.1 1.3
(C1) Food products, beverages, tobacco 82 119.0 0.3 1.7
(C2) Coke and refined petroleum products 25 237.6 –2.0 17.6
(C3) Electrical & electronic equip., computers, mach. 202 97.3 0.1 0.4
(C4) Transport equipment 211 101.8 0.3 1.6
(C5) Other man. products s 107.3 0.1 –0.1
All markets
BE:TOTAL INDUSTRY 1000 116.1 0.3 2.4
CZ: Manufactured prod. s 113.9 0.2 2.1
(C1) Food products, beverages, tobacco 154 115.4 0.8 3.6
(C2) Coke and refined petroleum products 56 183.6 –0.3 14.1
(C3) Electrical & electronic equip., computers, mach. 127 104.3 0.0 0.7
(C4) Transport equipment 121 103.8 0.1 1.2
(C5) Other man. products s 110.3 0.2 0.0

    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 Sep.12 In 1 month In 1 year
    BE:TOTAL INDUSTRY 1000 122.1 –0.6 2.3
    CZ: Manufactured prod. s 111.5 –0.1 1.6
    (C1) Food products, beverages, tobacco 69 131.2 –0.1 4.0
    (C2) Coke and refined petroleum products 41 180.5 –0.6 14.3
    (C3) Electrical & electronic equip., computers, mach. 210 94.3 –0.4 1.2
    (C4) Transport equipment 133 100.3 –0.2 –1.2
    (C5) Other manufactured products s 113.6 0.2 0.5
    • 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
    Jun.12 / May 12 Jul.12 / Jun.12 Aug.12 / Jul.12
    French producer prices in industry sold on:
    - the French market // +0.2 +0.1(1)
    - the foreign markets // +0.1 //
    - all markets // +0.1 +0.1
    Import prices of industrial products +0.1 –0.1 //
    • (1) Reading note: the evolution of the index between May 2012 and Jun.2012 published last month was equal to 1.2 %. It is updated to 1.3 % ; that is to say a revision of +0.1 %.