31 October 2012
2012- n° 272Decrease in import prices, increase in food prices Industrial 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.
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.
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 | 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 |
tableauTableau2 – 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
tableauTableau3 – 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 %.
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