In October 2014, producer prices in industry dropped slightlyIndustrial 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%).

Informations rapides
No n° xxx
Paru le : 28/11/2014
Prochaine parution le : 22/12/2017 at 08:45 - November 2017

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%).

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 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

    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 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

    Tableau3 – Revision of each index at total industry level

    Revision of the monthly change (in %)
    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.