In May 2015, producer prices in industry declined anew (–0.5%)Industrial Producer and Import Price Indices - May 2015

In May 2015, French producer prices in industry for the French market declined anew (–0.5% following –0.4% in April), most notably due to another fall in prices for mining and quarrying products, energy, water.

Informations rapides
No 162
Paru le : 30/06/2015
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

Producer price indices in French industry: –0.5% in May

FRENCH MARKET: –0.5% in May

In May 2015, French producer prices in industry for the French market declined anew (–0.5% following –0.4% in April), most notably due to another fall in prices for mining and quarrying products, energy, water.

Mixed movements in energy prices

In May, prices for refined petroleum products accelerated (+4.5% after +1.2%), despite lower prices for liquefied petroleum gas.

Conversely, prices for mining and quarrying products, energy, water continued to move down (–3.7% after –2.9%), mainly due to a price fall on the electricity wholesale market.

Food prices remained steady

Food prices have been almost unchanged since the beginning of 2015 (–0.1% in May following +0.1% in April and 0.0% since January). By product, price movements went from –1.5% for other processed and preserved fruit and vegetables to +1.2% for macaroni, noodles and couscous whose prices have been continually rising since December 2014.

Prices for other manufactured products increased moderately

In May, prices for other manufactured products rose slightly (+0.2% after +0.5%): prices for chemical products advanced by 1.8% driven by higher prices for raw materials while prices for pharmaceutical products dropped by 0.8% due to strong competition between pharmaceutical companies and change in reimbursement tariffs.

FOREIGN MARKETS: –0.5% in May

Producer prices of French industrial products sold on foreign markets fell back in May (–0.5% after +0.3% in April). The rise in prices for refined petroleum products (+1.9%) did offset neither the fall in prices for mining and quarrying products, energy, water (–13.6%) nor the price decline in the other main industrial sectors.

ALL MARKETS: –0.5% in May

On all markets, prices continued to drop (–0.5% in May after –0.2% in April). Year over year, they declined by 1.2% for the whole industry, mainly due to refined petroleum products (–17.6%).

Import price indices of industrial products: +0.4% in May

In May, import prices kept on rising (+0.4% after +0.6%). By main industrial sector, price movements were mixed: price rise for refined petroleum products (+2.8%) and for other industrial products (+0.2%), price fall for food products (–0.4%) and electrical, electronic and computer products (–0.2%). Prices for transport equipment remained steady.

Graphique1_EN – Total Industry price indices

  • Base and reference year:2010

Graphique2_EN – Producer price indices of manufactured products sold on the french market

  • Base and reference year:2010

Graphique3_EN – Import price indices of manufactured products

  • Base and reference year:2010

Tableau1 – French Producer Price Indices in industry according to the market where the products are sold:

reference year: 2010
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 15 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 105.0 –0.5 –1.7
(DE) Mining and quarrying. energy. water 194 107.1 –3.7 –0.1
CZ: Manufactured prod. 806 104.2 0.3 –2.1
(C1) Food products. beverages. tobacco 186 108.2 –0.1 –2.6
(C2) Coke and refined petroleum products 56 104.0 4.5 –16.7
(C3) Electrical & electronic equip.. computers. mach. 72 101.3 –0.2 –0.5
(C4) Transport equipment 111 103.7 0.0 0.5
(C5) Other man. products 380 102.7 0.2 –0.3
Foreign markets
BE:TOTAL INDUSTRY 1000 103.5 –0.5 0.6
(DE) Mining and quarrying. energy. water 32 80.5 –13.6 –10.0
CZ: Manufactured prod. 968 104.3 –0.1 1.0
(C1) Food products. beverages. tobacco 122 113.9 –0.2 0.6
(C2) Coke and refined petroleum products 26 96.9 1.9 –23.1
(C3) Electrical & electronic equip.. computers. mach. 180 100.0 –0.3 1.9
(C4) Transport equipment 169 104.7 0.0 1.1
(C5) Other man. products 471 103.8 –0.1 2.4
All markets
BE:TOTAL INDUSTRY 1000 104.1 –0.5 –1.2
(DE) Mining and quarrying. energy. water 155 105.8 –4.1 –0.5
CZ: Manufactured prod. 845 103.8 0.2 –1.3
(C1) Food products. beverages. tobacco 171 109.2 –0.1 –2.1
(C2) Coke and refined petroleum products 49 102.4 4.2 –17.6
(C3) Electrical & electronic equip.. computers. mach. 98 99.7 –0.2 0.5
(C4) Transport equipment 125 104.2 0.0 0.7
(C5) Other man. products 402 103.0 0.1 0.4

    Tableau2 – Import prices of industrial products

    reference year: 2010
    Import prices of industrial products
    Change in %
    Levels A 10 and A 17 of nomenclature CPF rev. 2. 2008 Weight May 15 In 1 month In 1 year
    BE:TOTAL INDUSTRY 1000 101.0 0.4 –2.9
    CZ: Manufactured prod. s 101.8 0.2 –0.6
    (C1) Food products. beverages. tobacco 71 112.6 –0.4 –1.3
    (C2) Coke and refined petroleum products 53 101.8 2.8 –19.1
    (C3) Electrical & electronic equip.. computers. mach. 225 97.5 –0.2 1.7
    (C4) Transport equipment 147 98.7 0.0 –1.1
    (C5) Other man. products s 104.0 0.2 1.5
    • 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
    Feb.15 / Jan.15 Mar.15 / Feb.15 Apr.15 / Mar.15
    French producer prices in industry sold on:
    - the French market +0.2 +0.1 //
    - the foreign markets +0.3(1) +0.2 //
    - all markets +0.2 +0.1 //
    Import prices of industrial products // // +0.2
    • (1) Reading note: the change of the index between February and January 2015 has been revised by 0.3 point: published last month equal at 0.9%, it has been updated to 1.2%, due to a revision of the price series for refined petroleum products.