30 June 2015
2015- n° 162In 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.
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.
graphiqueGraphique1_EN – Total Industry price indices
- Base and reference year:2010
graphiqueGraphique2_EN – Producer price indices of manufactured products sold on the french market
- Base and reference year:2010
graphiqueGraphique3_EN – Import price indices of manufactured products
- Base and reference year:2010
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 | 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 |
tableauTableau2 – 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
tableauTableau3 – 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.
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