28 November 2014
2014- n° n° xxx In October 2014, producer prices in industry dropped slightly Industrial Producer and Import Price Indices - October 2014
In October, French producer prices in industry for French market fell slightly (–0.2%), following a rise in September (+0.6%). This dip was mainly due to the plunge in prices for refined petroleum products (–6.5%).
Producer price indices in French industry : –0.2% in October
FRENCH MARKET: –0.2% in October
In October, French producer prices in industry for French market fell slightly (–0.2%), following a rise in September (+0.6%). This dip was mainly due to the plunge in prices for refined petroleum products (–6.5%).
Prices of oil products tumbled
Prices for refined petroleum tumbled (–6.5% in October), driven by Brent prices in Euro (–8.7%). It was the steepest decline since the beginning of the year. It affected almost all products, particularly gasoline prices (–5.3% for diesel fuel and –5.9% for unleaded premium gas), as well as prices for household fuel oil (–7.2%).
In October, prices for mining and quarrying products, energy, water continued to rise, but at a more moderate pace (+2.1% in October after +3.9% in September), still driven by electricity prices on the wholesale market.
Food prices moved down
Food prices continued to fell by (–0.8% in October after –0.6% in September). Prices for processed and preserved meat declined (–3.0%), mainly due to lower swine prices. More generally, food prices were driven by lower raw material prices.
Prices for other manufactured products fell
Prices for other manufactured products dipped (–0.3%) due to the significant fall in prices for pharmaceutical products (–6.7%): some changes in prices for reimbursed drugs and the introduction of new generic drugs were the main reasons for this decline.
FOREIGN MARKETS: –0.1% in October
Producer prices of French industrial products sold on foreign markets were almost unchanged: the rise in prices for electricity and – to a lesser extent – for other manufactured products offset the decline in prices for refined petroleum products (–8.6%).
ALL MARKETS: –0.2% in October
On all markets, prices decreased slightly (–0.2%). Year over year, the decline was 1.2 % for all products and 9.9% for refined petroleum products.
Import price indices of industrial products: –0.7% in October
Import prices declined in October (–0.7%, after +0.1% in September). Prices for refined petroleum products plunged by 7.9%, food prices fell by 0.4%. Prices for other manufactured products advanced (+0.3%), driven by prices for chemical products (+0.6%) and textiles (+0.4%).
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 | Oct.14 | In 1 month | In 1 year |
| French market | ||||
| BE:TOTAL INDUSTRY | 1000 | 106,6 | –0,2 | –1,4 |
| (DE) Mining and quarrying, energy, water | 194 | 111,1 | 2,1 | –1,8 |
| CZ: Manufactured prod. | 806 | 105,2 | –0,8 | –1,3 |
| (C1) Food products, beverages, tobacco | 186 | 109,2 | –0,8 | –1,7 |
| (C2) Coke and refined petroleum products | 56 | 115,7 | –6,5 | –10,0 |
| (C3) Electrical & electronic equip., computers, mach. | 72 | 102,0 | 0,0 | –0,5 |
| (C4) Transport equipment | 111 | 103,4 | 0,1 | 0,5 |
| (C5) Other man. products | 380 | 102,6 | –0,3 | –0,2 |
| Foreign markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 103,0 | –0,1 | –0,1 |
| CZ: Manufactured prod. | 968 | 103,3 | –0,2 | 0,0 |
| (C1) Food products, beverages, tobacco | 122 | 112,5 | –0,5 | 0,5 |
| (C2) Coke and refined petroleum products | 26 | 111,7 | –8,6 | –9,1 |
| (C3) Electrical & electronic equip., computers, mach. | 180 | 98,3 | 0,0 | 0,9 |
| (C4) Transport equipment | 169 | 104,0 | –0,1 | 0,4 |
| (C5) Other man. products | 471 | 102,0 | 0,3 | 0,0 |
| All markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 105,2 | –0,2 | –1,2 |
| CZ: Manufactured prod. | 845 | 104,2 | –0,7 | –1,0 |
| (C1) Food products, beverages, tobacco | 171 | 109,8 | –0,7 | –1,3 |
| (C2) Coke and refined petroleum products | 49 | 114,5 | –6,8 | –9,9 |
| (C3) Electrical & electronic equip., computers, mach. | 98 | 99,4 | 0,0 | 0,3 |
| (C4) Transport equipment | 125 | 103,8 | 0,0 | 0,4 |
| (C5) Other man. products | 402 | 102,4 | –0,1 | –0,2 |
tableauTableau2 – Import prices of industrial products
| Change in % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 | Weight | Oct.14 | In 1 month | In 1 year |
| BE:TOTAL INDUSTRY | 1000 | 102,7 | –0,7 | –2,7 |
| CZ: Manufactured prod. | s | 102,1 | –0,4 | –1,1 |
| (C1) Food products, beverages, tobacco | 71 | 111,8 | –0,4 | –2,0 |
| (C2) Coke and refined petroleum products | 53 | 114,1 | –7,9 | –11,0 |
| (C3) Electrical & electronic equip., computers, mach. | 225 | 96,5 | 0,2 | –1,3 |
| (C4) Transport equipment | 147 | 100,0 | 0,1 | 0,2 |
| (C5) Other manufactured products | s | 103,4 | 0,3 | 0,3 |
- r: updated ; nd: non available ; s : confidential
tableauTableau3 – Revision of each index at total industry level
| Jul.14 / Jun.14 | Aug.14 / Jul.14 | Sep.14 / Aug.14 | |
|---|---|---|---|
| French producer prices in industry sold on: | |||
| - the French market | –0,1 | // | +0,1(1) |
| - the foreign markets | // | // | +0,1 |
| - all markets | // | // | +0,1 |
| Import prices of industrial products | –0,1 | // | +0,1 |
- (1) Reading note: the evolution of the index between Jul.14 and Aug.14 published last month was equal to 0,5 %. It is updated to 0,6 %; that is to say a revision of +0,1 point.
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