31 October 2014
2014- n° 253In September 2014, producer prices in industry rallied Industrial Producer and Import Price Indices - September 2014
In September, French producer prices in industry for French market rallied (+0.5%), following two consecutive months of decline (–0.4% in August and –0.3% in July). This rise was mainly due to higher prices for mining and quarrying products, energy, water (+3.7%).
Producer price indices in French industry : +0.5% in September
FRENCH MARKET: +0.5% in September
In September, French producer prices in industry for French market rallied (+0.5%), following two consecutive months of decline (–0.4% in August and –0.3% in July). This rise was mainly due to higher prices for mining and quarrying products, energy, water (+3.7%).
Energy prices increased sharply
In September, electricity prices recovered (+6.5% after –1.6%), driven by prices on the wholesale market. Gas prices picked up (+2.0%), after a summer pause.
While crude oil prices continued to decline and reached their lowest point since February 2011, prices for refined petroleum products were almost unchanged (–0.2% after –1.7%). The fall in gasoline prices was indeed offset by the advance in prices for lubricating oils and LPG.
Food prices moved down
Food prices fell by 0.7%. Most notably, prices for meat products (–0.7%) and for oils and fats (–1.7%) declined driven by lower raw material prices.
Prices for other manufactured products were almost unchanged
This quasi-stability of prices for other manufactured products (–0.2% after 0.0%) resulted from contrasted evolutions. Prices for chemical products (–1.4%) and rubber products (–0.4%) dropped, mainly due to lower raw material prices, while prices for the other manufactured products rose slightly or stabilized.
FOREIGN MARKETS: +0.3% in September
Producer prices of French industrial products sold on foreign markets moved(+0.3% after –0.4%), driven by the significant rise in electricity prices, which came back to a normal level after two months of decline.
ALL MARKETS: +0.5% in September
On all markets, prices increased (+0.5% after –0.4%). Year over year, the decline was –1.4 % for all products and –7.3% for refined petroleum products.
Import price indices of industrial products: –0.0% in September
Import prices were unchanged (0.0% after –0.3%). On one hand, buying prices for electrical, electronic and computer equipment increased (+0.4%) due to the depreciation of the euro. On the other hand, prices for refined petroleum products (–0.5%) and food prices (–0.3%) declined.
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 | Sep.14 | In 1 month | In 1 year |
| French market | ||||
| BE:TOTAL INDUSTRY | 1000 | 106.8 | 0.5 | –1.4 |
| (DE) Mining and quarrying, energy, water | 226 | 108.6 | 3.7 | –2.7 |
| CZ: Manufactured prod. | 774 | 106.0 | –0.2 | –1.2 |
| (C1) Food products, beverages, tobacco | 196 | 110.0 | –0.7 | –1.8 |
| (C2) Coke and refined petroleum products | 49 | 123.8 | –0.2 | –7.4 |
| (C3) Electrical & electronic equip., computers, mach. | 53 | 101.8 | 0.1 | –0.8 |
| (C4) Transport equipment | 80 | 103.4 | 0.1 | 0.2 |
| (C5) Other man. products | 396 | 102.9 | –0.2 | –0.3 |
| Foreign markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 103.0 | 0.3 | –0.7 |
| CZ: Manufactured prod. | 980 | 103.4 | 0.1 | –0.5 |
| (C1) Food products, beverages, tobacco | 100 | 112.4 | –0.1 | –0.2 |
| (C2) Coke and refined petroleum products | 37 | 122.2 | –1.2 | –5.1 |
| (C3) Electrical & electronic equip., computers, mach. | 194 | 98.2 | 0.2 | 0.4 |
| (C4) Transport equipment | 252 | 104.0 | 0.2 | 0.2 |
| (C5) Other man. products | 397 | 101.7 | 0.1 | –0.9 |
| All markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 105.3 | 0.5 | –1.4 |
| CZ: Manufactured prod. | 845 | 104.9 | –0.2 | –1.0 |
| (C1) Food products, beverages, tobacco | 163 | 110.4 | –0.6 | –1.5 |
| (C2) Coke and refined petroleum products | 45 | 122.8 | –0.3 | –7.3 |
| (C3) Electrical & electronic equip., computers, mach. | 102 | 99.2 | 0.1 | –0.2 |
| (C4) Transport equipment | 140 | 103.8 | 0.1 | 0.2 |
| (C5) Other man. products | 395 | 102.5 | –0.1 | –0.5 |
tableauTableau2 – Import prices of industrial products
| Change in % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 | Weight | Sep.14 | In 1 month | In 1 year |
| BE:TOTAL INDUSTRY | 1000 | 103.6 | 0.0 | –2.9 |
| CZ: Manufactured prod. | s | 102.6 | 0.1 | –1.3 |
| (C1) Food products, beverages, tobacco | 69 | 112.8 | –0.3 | –1.5 |
| (C2) Coke and refined petroleum products | 47 | 123.9 | –0.5 | –6.9 |
| (C3) Electrical & electronic equip., computers, mach. | 227 | 96.7 | 0.4 | –1.8 |
| (C4) Transport equipment | 147 | 99.8 | 0.1 | 0.0 |
| (C5) Other manufactured products | s | 103.1 | 0.0 | –0.7 |
- r: updated ; nd: non available ; s : confidential
tableauTableau3 – Revision of each index at total industry level
| Jun.14 / May 14 | Jul.14 / Jun.14 | Aug.14 / Jul.14 | |
|---|---|---|---|
| French producer prices in industry sold on: | |||
| - the French market | // | // | -0.1(1) |
| - the foreign markets | // | –0.1 | –0.1 |
| - all markets | // | –0.1 | –0.1 |
| Import prices of industrial products | // | // | // |
- (1) Reading note: the change of price between July 2014 and August 2014 published last month was equal to –0.3%. It is updated to –0.4%; that is to say a revision of –0.1 point.
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