30 November 2012
2012- n° 295Decline in oil prices, prices for manufactured goods unchanged Industrial Producer and Import Price Indices - October 2012
In October, French producer prices in industry increased by +0.5 % (+0.4 % in September) due to a seasonal rise in energy prices (steam and air-conditioning supply). However, prices for manufactured goods were unchanged, as the decline in prices for refined petroleum products was indeed offset by the slight rise in prices for "other manufactured products".
Producer price indices in French industry
FRENCH MARKET: +0.5 % in October
In October, French producer prices in industry increased by +0.5 % (+0.4 % in September) due to a seasonal rise in energy prices (steam and air-conditioning supply). However, prices for manufactured goods were unchanged, as the decline in prices for refined petroleum products was indeed offset by the slight rise in prices for "other manufactured products".
Prices for refined petroleum products fell...
Prices for refined petroleum products dipped (-1.2 %), following almost no change in September (-0.2 %). This turnaround came after two significant advances in July and August, +5.8 % and +7.7 % respectively. The decline was particularly strong in prices for unleaded premium gas (–5,4 %), less so for diesel oil (-0,6 %), in line with Brent crude, which withdrew in October (–1.4 % in dollar terms and -2.1 % in euro terms due to the appreciation of the euro).
... food prices were stable overall...
In October, food prices were stable overall (+0.1 %), following two months of growth (+0.8 % in August, as well as in September). Prices for meat products stopped rising (–0.6 %, of which -1.6 % for processed and preserved meat), following a period of continuing increase since April 2012. The advance in prices for animal feeding stuffs offset this decline.
... while prices for "other manufactured products" rose again.
Prices for "other manufactured products" increased slightly again (+0.3 % following +0.4 %) ; still due to the advances in prices for the clothing industry (+0.8 %) and for chemical products (+1.4 %).
FOREIGN MARKETS: -0,3 % in October
Producer prices of French industrial products sold on foreign markets slipped (-0.3 %), following almost no change in September (+0.1 %). Indeed the fall in prices for refined petroleum products was stronger in October (–6 % following -2 % in September). On the other hand, electricity prices increased significantly.
ALL MARKETS: +0.2 % in October
On all markets, producer prices of French industrial products rose slightly (+0.2 %). Year-over-year the rise was +2.3 % compared with October 2011. For the refined petroleum products only, the year-over-year increase was +11.4 % against +14.1 % in September.
Import prices indices of industrial products : -0.6 % in October
In October, prices for imported industrial products dropped again (-0.6 % as in September). This movement is due to the slip in buying prices for crude and refined oil, but also to the declines in prices for computer products (-1 %), chemical products (-0.3 %) and basic metals (-0.6 %), driven by the fluctuations in commodity prices (nickel, aluminium…).
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.12 | In 1 month | In 1 year |
| French market | ||||
| BE:TOTAL INDUSTRY | 1000 | 120.1 | 0.5 | 2.9 |
| (DE) Mining and quarrying, energy, water | 130 | 140.5 | 3.0 | 4.7 |
| CZ: Manufactured prod. | 870 | 117.0 | 0.0 | 2.5 |
| (C1) Food products, beverages, tobacco | 188 | 114.7 | 0.1 | 3.7 |
| (C2) Coke and refined petroleum products | 70 | 172.8 | –1.2 | 11.6 |
| (C3) Electrical & electronic equip., computers, mach. | 92 | 111.6 | –0.1 | 0.9 |
| (C4) Transport equipment | 79 | 106.3 | 0.0 | 0.4 |
| (C5) Other man. products | 441 | 112.1 | 0.3 | 0.7 |
| Foreign markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 108.4 | –0.3 | 1.0 |
| CZ: Manufactured prod. | s | 107.8 | –0.4 | 1.0 |
| (C1) Food products, beverages, tobacco | 82 | 119.4 | 0.5 | 1.3 |
| (C2) Coke and refined petroleum products | 25 | 223.3 | –6.0 | 10.3 |
| (C3) Electrical & electronic equip., computers, mach. | 202 | 97.1 | –0.1 | –0.1 |
| (C4) Transport equipment | 211 | 101.5 | –0.2 | 1.4 |
| (C5) Other man. products | s | 107.1 | –0.2 | 0.2 |
| All markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 116.4 | 0.2 | 2.3 |
| CZ: Manufactured prod. | s | 113.8 | –0.1 | 2.0 |
| (C1) Food products, beverages, tobacco | 154 | 115.5 | 0.2 | 3.3 |
| (C2) Coke and refined petroleum products | 56 | 179.8 | –2.1 | 11.4 |
| (C3) Electrical & electronic equip., computers, mach. | 127 | 104.2 | –0.1 | 0.4 |
| (C4) Transport equipment | 121 | 103.7 | –0.1 | 1.0 |
| (C5) Other man. products | s | 110.6 | 0.1 | 0.6 |
tableauTableau2 – Import prices of industrial products
| Change en % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 | Weight | Oct.12 | In 1 month | In 1 year |
| BE:TOTAL INDUSTRY | 1000 | 121.2 | –0.6 | 1.9 |
| CZ: Manufactured prod. | s | 110.9 | –0.3 | 1.4 |
| (C1) Food products, beverages, tobacco | 69 | 131.6 | 0.3 | 4.2 |
| (C2) Coke and refined petroleum products | 41 | 176.0 | –2.2 | 11.7 |
| (C3) Electrical & electronic equip., computers, mach. | 210 | 93.8 | –0.4 | 0.5 |
| (C4) Transport equipment | 133 | 100.4 | 0.0 | –1.2 |
| (C5) Other manufactured products | s | 112.9 | –0.1 | 0.6 |
- r: updated ; nd: non available ; s : confidential
tableauTableau3 – Revision of each index at total industry level
| Jul.12 / Jun.12 | Aug.12 / Jul.12 | Sep.12 / Aug.12 | |
|---|---|---|---|
| French producer prices in industry sold on: | |||
| - the French market | // | // | +0.1(1) |
| - the foreign markets | // | // | // |
| - all markets | // | // | // |
| Import prices of industrial products | –0.2 | // | // |
- (1) Reading note: the evolution of the index between Aug.12 and Sep.12 published last month was equal to 0.3 %. It is updated to 0.4 %; that is to say a revision of +0.1 %.
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