31 March 2015
2015- n° 77In February 2015, producer prices in industry rebounded (+0.8%) Industrial Producer and Import Price Indices - February 2015
In February, French producer prices in industry for the French market rallied (+0.7%), following three consecutive months of decline. This rise was mainly due to a rebound in energy prices.
Producer price indices in French industry: +0.8% in February
FRENCH MARKET: +0.7% in February
In February, French producer prices in industry for the French market rallied (+0.7%), following three consecutive months of decline. This rise was mainly due to a rebound in energy prices.
Energy prices increased strongly
In February, prices for refined petroleum products rebounded (+13.1% in February after –12.6% in January), driven by significantly higher Brent crude prices. The depreciation of the euro against the dollar amplified this price hike.
Prices for mining and quarrying products, energy, and water moved up (+1.6% in February after –0.8% in January). Electricity prices advanced by 4.6% due to the rise in prices except for regulated tariffs. Conversely, gas prices continued to decline (–1.6%, after –2.1% in January).
Food prices stopped falling
After nine consecutive months of decline, overall food prices were unchanged in February. However, the price movements were more contrasted by product: from +1.1% for prepared animal feeds to –1.8% for processed and preserved fish.
Prices for other manufactured products fell anew
In February, prices for other manufactured products dropped anew (–0.4% in February, as in January). Prices for chemical products declined significantly (–3.3%), mainly due to lower prices for ethylene and styrene. The rise in prices for textiles, wearing apparel, leather and footwear (+0.4%), due to the arrival of the new collections, somewhat offset the overall decline in prices for other manufactured products.
FOREIGN MARKETS: +0.8% in February
Producer prices of French industrial products sold on foreign markets moved up (+0.8% after –0.3%). Prices advanced in all the main industrial branches ; the rise was particularly significant for refined petroleum products (+21.3%).
ALL MARKETS: +0.8% in February
On all markets, prices rebounded (+0.8% in February after –0.9% in January). Year over year, prices fell (–1.9%), in particular due to tumbling prices for petroleum products (–27.8% year over year) and to lower food prices (-1.9% year over year).
Import price indices of industrial products: +1.5% in February
In February, import prices leveled off (+1.5% after –1.8%), mainly due to prices for petroleum products (+20.3% after –12.5%) and food prices (+0.4% after –0.2%) to a lesser extent. Conversely, prices for transport equipment and for other industrial products dipped slightly (–0.1% and –0.3%, respectively).
graphiqueGraphique1_EN – Total Industry price indices
graphiqueGraphique2_EN – Producer price indices of manufactured products sold on the French market
graphiqueGraphique3_EN – Import price indices of manufactured products
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 | Feb.15 | In 1 month | In 1 year |
| French market | ||||
| BE:TOTAL INDUSTRY | 1000 | 105.6 | 0.7 | –2.6 |
| (DE) Mining and quarrying, energy, water | 194 | 115.7 | 1.6 | 1.1 |
| CZ: Manufactured prod. | 806 | 102.6 | 0.5 | –3.6 |
| (C1) Food products, beverages, tobacco | 186 | 108.2 | 0.0 | –2.3 |
| (C2) Coke and refined petroleum products | 56 | 91.2 | 13.1 | –28.4 |
| (C3) Electrical & electronic equip., computers, mach. | 72 | 101.6 | –0.1 | –0.2 |
| (C4) Transport equipment | 111 | 103.6 | 0.0 | 0.3 |
| (C5) Other man. products | 380 | 101.4 | –0.4 | –1.5 |
| Foreign markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 102.9 | 0.8 | 0.1 |
| CZ: Manufactured prod. | 968 | 103.0 | 0.6 | –0.1 |
| (C1) Food products, beverages, tobacco | 122 | 112.5 | 0.3 | 0.1 |
| (C2) Coke and refined petroleum products | 26 | 94.6 | 21.3 | –24.0 |
| (C3) Electrical & electronic equip., computers, mach. | 180 | 99.3 | 0.1 | 1.9 |
| (C4) Transport equipment | 169 | 104.7 | 0.2 | 1.1 |
| (C5) Other man. products | 471 | 101.7 | 0.1 | 0.2 |
| All markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 104.3 | 0.8 | –1.9 |
| CZ: Manufactured prod. | 845 | 102.3 | 0.5 | –2.6 |
| (C1) Food products, beverages, tobacco | 171 | 109.0 | 0.1 | –1.9 |
| (C2) Coke and refined petroleum products | 49 | 91.0 | 14.2 | –27.8 |
| (C3) Electrical & electronic equip., computers, mach. | 98 | 99.6 | 0.0 | 0.7 |
| (C4) Transport equipment | 125 | 104.1 | 0.0 | 0.6 |
| (C5) Other man. products | 402 | 101.4 | –0.3 | –1.0 |
tableauTableau2 – Import prices of industrial products
| Change in % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 | Weight | Feb.15 | In 1 month | In 1 year |
| BE:TOTAL INDUSTRY | 1000 | 99.2 | 1.5 | –5.2 |
| CZ: Manufactured prod. | s | 100.4 | 0.8 | –2.2 |
| (C1) Food products, beverages, tobacco | 71 | 112.2 | 0.4 | –0.9 |
| (C2) Coke and refined petroleum products | 53 | 93.7 | 20.3 | –26.5 |
| (C3) Electrical & electronic equip., computers, mach. | 225 | 96.9 | 0.0 | –0.4 |
| (C4) Transport equipment | 147 | 99.3 | –0.1 | –0.1 |
| (C5) Other manufactured products | s | 102.2 | –0.3 | –0.2 |
- r: updated ; nd: non available ; s : confidential
tableauTableau3 – Revision of each index at total industry level
| Nov.14 / Oct.14 | Dec.14 / Nov.14 | Jan.15 / Dec.14 | |
|---|---|---|---|
| French producer prices in industry sold on: | |||
| - the French market | // | // | –0.1 |
| - the foreign markets | +0.1 | // | -0.2(1) |
| - all markets | +0.1 | // | –0.2 |
| Import prices of industrial products | // | // | –0.2 |
- (1) Reading note: the change of the index between December 2014 and January 2015 has been revised by –0.2 point: published last month equal to –0.1%, it has been updated to –0.3%.
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