In 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.

Informations rapides
No 77
Paru le : 31/03/2015
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

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).

Graphique1_EN – Total Industry price indices

Graphique2_EN – Producer price indices of manufactured products sold on the French market

Graphique3_EN – Import price indices of manufactured products

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 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

    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 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

    Tableau3 – Revision of each index at total industry level

    Revision of the monthly change (in %)
    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%.