Decline in oil prices, prices for manufactured goods unchangedIndustrial 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".

Informations rapides
No 295
Paru le : 30/11/2012
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

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…).

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 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

    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 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

    Tableau3 – Revision of each index at total industry level

    Revision of the monthly change (in %)
    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 %.