In July 2014, energy prices declined againIndustrial Producer and Import Price Indices - July 2014

In July, French producer prices in industry for French market fell again, after a stabilisation in June (–0.3 % after 0.0 %). Energy prices moved down (–1.2 % after –0.3 %), driven by the significant decline in prices for electricity and gas (–1.7 % after –0.1 %), while prices for other products were stable overall.

Informations rapides
No 196
Paru le : 29/08/2014
Prochaine parution le : 30/11/2017 at 08:45 - October 2017

Producer price indices in French industry : –0.2 % in July

FRENCH MARKET: –0.3 % in July

In July, French producer prices in industry for French market fell again, after a stabilisation in June (–0.3 % after 0.0 %). Energy prices moved down (–1.2 % after –0.3 %), driven by the significant decline in prices for electricity and gas (–1.7 % after –0.1 %), while prices for other products were stable overall.

Energy prices dropped again…

In July, the seasonal decline in prices for electricity (–1.8 % and +0.3 %) and gas (–1.5 % and –2.1 %) was sharper than in 2013, heightened by lower spot prices on wholesale markets.

Prices for refined petroleum products fell moderately (–0.5 % after +1.7 %) in a context of significantly lower prices for Brent crude sourced from the North Sea in both dollar and euro terms (–4.3 % and –3.7 % respectively). The drop in prices for heating oil and super unleaded gas was offset by the rise in kerosene prices.

… and food prices and prices for “other manufactured products” remained stable.

Food prices were unchanged or almost unchanged for the third month in a row. Prices for processed and preserved meat were stable (–0.1 %), prices for dairy products moved up (+0.6 %), while prices for oils and fats fell significantly (–2.4 %), due to lower oleaginous prices.

As in June, prices for “other manufactured products” remained stable and the decline in prices for chemical products (–0.3 % after –0.7 %) leveled off the rise in prices for textiles and wearing apparel (+0.4 % after +1.2 %), and for basic metals (+0.3 % after +0.2 %). Prices in the printing industry also increased this month (+0.2 %).

FOREIGN MARKETS: –0.2% in July

Producer prices of French industrial products sold on foreign markets dropped slightly (–0.2 % after +0.2 %). As on the French market, energy prices declined, notably electricity prices (–13.7 %) and prices for refined petroleum products (–1.4 %). Food prices also moved down (–0.3 %).

ALL MARKETS: –0.2 % in July

On all markets, prices dipped (–0.6 % after +0.4 %). Year over year, the fall was significant (–0.9 %) and affected all products, except prices for transport equipment which were almost unchanged (+0.2 %).

Import price indices of industrial products: –0.6 % in July

Import prices fell (–0.6 % after +0.4 %). Buying prices for all energy resources (crude and refined petroleum, gas, electricity) moved down, as well as food prices (–0.8 %), notably sheep meat. However, prices for basic metals rose (+0.6 %), driven by higher raw material prices (zinc, copper, aluminium).

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 Jul.14 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 107.2 –0.3 –0.6
(DE) Mining and quarrying, energy, water 226 108.3 –1.2 –0.9
CZ: Manufactured prod. 774 106.5 0.0 –0.8
(C1) Food products, beverages, tobacco 196 110.9 0.0 –1.3
(C2) Coke and refined petroleum products 49 126.3 –0.5 –4.2
(C3) Electrical & electronic equip., computers, mach. 53 101.8 0.0 –0.8
(C4) Transport equipment 80 103.2 0.0 0.2
(C5) Other man. products 396 103.1 0.0 –0.2
Foreign markets
BE:TOTAL INDUSTRY 1000 102.7 –0.2 –1.0
CZ: Manufactured prod. 980 103.3 –0.1 –0.7
(C1) Food products, beverages, tobacco 100 112.8 –0.3 0.7
(C2) Coke and refined petroleum products 37 126.5 –1.4 –2.8
(C3) Electrical & electronic equip., computers, mach. 194 97.7 0.1 –0.3
(C4) Transport equipment 252 103.9 0.1 0.2
(C5) Other man. products 397 101.5 0.0 –1.4
All markets
BE:TOTAL INDUSTRY 1000 105.5 –0.2 –0.9
CZ: Manufactured prod. 845 105.2 0.0 –0.8
(C1) Food products, beverages, tobacco 163 111.3 –0.1 –0.9
(C2) Coke and refined petroleum products 45 125.5 –0.6 –4.6
(C3) Electrical & electronic equip., computers, mach. 102 99.0 0.0 –0.6
(C4) Transport equipment 140 103.6 0.0 0.2
(C5) Other man. products 395 102.6 0.0 –0.6

    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 Jul.14 In 1 month In 1 year
    BE:TOTAL INDUSTRY 1000 103.9 –0.6 –2.6
    CZ: Manufactured prod. s 102.6 –0.1 –1.5
    (C1) Food products, beverages, tobacco 69 113.4 –0.8 –1.4
    (C2) Coke and refined petroleum products 47 126.5 –1.5 –4.7
    (C3) Electrical & electronic equip., computers, mach. 227 96.3 0.1 –2.7
    (C4) Transport equipment 147 99.6 0.0 –0.3
    (C5) Other manufactured products s 102.9 0.2 –0.7
    • r: updated ; nd: non available ; s : confidential, source Insee

    Tableau3 – Revision of each index at total industry level

    Revision of the monthly change (in %)
    Revision of each index at total industry level
    Apr.14 / Mar.14 May 14 / Apr.14 Jun.14 / May 14
    French producer prices in industry sold on:
    - the French market –0.1 // //
    - the foreign markets // // //
    - all markets // // //
    Import prices of industrial products // // -0.1(1)
    • (1) Reading note: the import price development between April 2014 and May 2014 published last month was equal to 0.5%. It is updated to 0.4%; that is to say a revision of –0.1 point.