Sharp decline in energy pricesIndustrial Producer and Import Price Indices - May 2012

In May, French producer prices in industry fell significantly (-1.0 %), following a period of stable prices in April. This fall was mainly attributable to a sharp decline in prices for refined petroleum products combined with a seasonal drop in energy prices (electricity and heating oil).

Informations rapides
No 163
Paru le : 29/06/2012
Prochaine parution le : 30/11/2017 at 08:45 - October 2017

Producer price indices in French industry

FRENCH MARKET: -1.0 % in May

In May, French producer prices in industry fell significantly (-1.0 %), following a period of stable prices in April. This fall was mainly attributable to a sharp decline in prices for refined petroleum products combined with a seasonal drop in energy prices (electricity and heating oil).

Prices for refined petroleum products fell significantly

Prices for refined petroleum products moved down significantly (-5.3 %), after a slight reduction in April (–1.3 %). Price for Brent crude sourced from the North Sea continued to drop, with the fall being less significant in euro terms (-4.9 % in May, following -2.5 %) than in dollar terms (-7.6 % in May, following -3.1 %) due to the depreciation of the euro. All prices for refined products declined sharply (-4.7 % for heating oil, -7.9 % for unleaded premium gas).

Prices for electricity, gas, steam and air conditioning fell by -3.1 % due to a seasonal drop in prices for electricity and heating oil.

Food prices were stable...

Food prices were stable (+0.1 %, following +0.2 % in April). Meat prices, most notably chicken, rose slightly (+0.6 %), while prices for dairy products moved down (–1.5 %).

...while prices for electronic and computer products moved down

Prices for electronic and computer products fell (–1.2 %) in May. Prices for electronic components and boards declined (-3.9 %) in a context of lower sales.

FOREIGN MARKETS: - 0.6 % in May

Producer prices of French industrial products sold on foreign markets fell in May (–0.6 %, following -0.2 % in April). Prices for refined petroleum products declined (–7.5 %), while electricity prices fell in a seasonal context following the winter tariffs.

ALL MARKETS: -0.9 % in May

In all markets, producer prices of French industrial products fell by -0.9 % Year-over-year, the rise was +1.7 % only for the "total industry", +9.1 % for "coke and refined petroleum products".

Import prices indices of industrial products : -1.2 % in May

In May, prices for imported industrial products continued to drop (-1.2 %, following -0.3 % in April). The decline in prices for crude oil and refined petroleum products was sharper than in April, while food prices fell (-0.3 %) in a seasonal context (-2.1 % for meat prices) and prices for metal products moved down (-0.8 %).

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 May 12 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 118.0 –1.0 2.2
(DE) Mining and quarrying, energy, water 130 132.4 –3.1 4.3
CZ: Manufactured prod. 870 115.9 –0.7 1.8
(C1) Food products, beverages, tobacco 188 112.1 0.1 1.9
(C2) Coke and refined petroleum products 70 166.6 –5.3 8.7
(C3) Electrical & electronic equip., computers, mach. 92 111.4 –0.2 1.7
(C4) Transport equipment 79 106.3 0.1 1.4
(C5) Other man. products 441 112.1 –0.1 0.3
Foreign markets
BE:TOTAL INDUSTRY 1000 108.2 –0.6 0.7
CZ: Manufactured prod. s 107.8 –0.2 1.1
(C1) Food products, beverages, tobacco 82 118.0 0.3 1.2
(C2) Coke and refined petroleum products 25 228.5 –7.5 11.0
(C3) Electrical & electronic equip., computers, mach. 202 96.5 0.0 –0.3
(C4) Transport equipment 211 100.9 0.1 1.1
(C5) Other man. products s 107.7 0.4 0.6
All markets
BE:TOTAL INDUSTRY 1000 114.9 –0.9 1.7
CZ: Manufactured prod. s 113.1 –0.5 1.6
(C1) Food products, beverages, tobacco 154 113.1 0.1 1.8
(C2) Coke and refined petroleum products 56 175.2 –5.7 9.1
(C3) Electrical & electronic equip.. computers. mach. 127 103.8 –0.1 0.8
(C4) Transport equipment 121 103.3 0.1 1.2
(C5) Other man. products s 110.7 0.1 0.4

    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 May 12 In 1 month In 1 year
    BE:TOTAL INDUSTRY 1000 120.7 –1.2 2.8
    CZ: Manufactured prod. s 110.5 –0.5 1.4
    (C1) Food products. beverages. tobacco 69 127.4 –0.3 1.9
    (C2) Coke and refined petroleum products 41 167.3 –5.7 8.9
    (C3) Electrical & electronic equip.. computers. mach. 210 94.0 0.1 0.5
    (C4) Transport equipment 133 100.7 0.0 –0.8
    (C5) Other manufactured products s 113.3 –0.1 1.4
    • 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
    Feb.12 / Jan.12 Mar.12 / Feb.12 Apr.12 / Mar.12
    French producer prices in industry sold on:
    - the French market // // //
    - the foreign markets // +0.1 -0.1(1)
    - all markets // // –0.1
    Import prices of industrial products –0.1 +0.1 –0.1
    • (1) Reading note: the evolution of the index between Mar.12 and Apr.12 published last month was equal to -0.1 %. It is updated to –0.2 %; that is to say a revision of -0.1 %.