In January 2015, producer prices in industry fell anew (–0.7%)Industrial Producer and Import Price Indices - January 2015

Warning: This « Information Rapide » dated 13 March 2015 corrects and replaces this released on 27 February 2015 (No. 45). See also BDM News, March 2015 on insee.fr

Informations rapides
No 54
Paru le : 27/02/2015
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

Warning: This « Information Rapide » dated 13 March 2015 corrects and replaces this released on 27 February 2015 (No. 45). See also BDM News, March 2015 on insee.fr

Producer price indices in French industry: –0.7% in January

FRENCH MARKET: –0.9% in January

In January, French producer prices in industry for the French market continued to decline (–0.9% in January, as in December), still driven by plummeting prices for petroleum products. Prices for all the main industry sectors also fell, except prices for transport equipment which were almost unchanged in January (+0.1%).

Energy prices moved down again

In January, prices for refined petroleum products continued to tumble (–11.9% after –14.9% in December), driven by diving Brent crude prices. The price fall affected all refined petroleum products and went from –22% for liquified petroleum gas to –2.3% for bulk propane and bottled gas.

In January, gas prices decreased by 1.7%, driven by oil prices. Electricity prices also dropped (–1.1%) due to the decline in prices on the international wholesale electricity market.

Food prices dropped again

The uninterrupted decline in food prices since May 2014 continued in January 2015 (–0.3%). It was mainly due to the fall in prices for meat and meat products (end of the festive season and continuation of lower beef and swine prices), as prices for other food products were stable or increased slightly.

Prices for other manufactured products dipped slightly

In January, prices for other manufactured products dropped slightly (-0.2% after -0.3%) due to lower prices for chemical and pharmaceutical products.

FOREIGN MARKETS: –0.1% in January

Producer prices of French industrial products sold on foreign markets were almost unchanged (–0.1%). The export prices for electrical, electronic, computer equipment and machinery rose by 0.6% due to the stronger dollar and some increases in intra-group prices. Food prices went up 0.4% thanks to the exports to non-euro areas which are billed in dollars.

ALL MARKETS: –0.7% in January

On all markets, prices continued to move down (–0.7% in January after –0.8% in December). Year over year, prices fell significantly (–2.7%), with the collapse in prices for refined petroleum products (–35.7% year-over-year) accounting for at least half of the decline.

Import price indices of industrial products: –1.6% in January

Import prices fell significantly again (–1.6% in January after –2.0% in December), driven by sinking prices for petroleum products (–12.5% in January). Prices for electrical, electronic, computer equipment and machinery and other manufactured products rose slightly.

Graphique1_EN – Total Industry price indices

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

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 Jan.15 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 104.9 –0.9 –3.3
(DE) Mining and quarrying, energy, water 194 113.8 –0.8 –0.9
CZ: Manufactured prod. 806 102.3 –1.0 –4.0
(C1) Food products, beverages, tobacco 186 108.2 –0.3 –2.3
(C2) Coke and refined petroleum products 56 82.0 –11.9 –35.7
(C3) Electrical & electronic equip., computers, mach. 72 102.0 –0.5 0.4
(C4) Transport equipment 111 103.6 0.1 0.6
(C5) Other man. products 380 101.9 –0.2 –1.3
Foreign markets
BE:TOTAL INDUSTRY 1000 102.2 –0.1 –0.6
CZ: Manufactured prod. 968 102.5 –0.1 –0.6
(C1) Food products, beverages, tobacco 122 112.0 0.4 –0.2
(C2) Coke and refined petroleum products 26 77.7 –11.2 –35.8
(C3) Electrical & electronic equip., computers, mach. 180 99.2 0.6 1.7
(C4) Transport equipment 169 104.6 0.1 1.0
(C5) Other man. products 471 101.9 0.0 0.2
All markets
BE:TOTAL INDUSTRY 1000 103.6 –0.7 –2.7
CZ: Manufactured prod. 845 101.9 –0.7 –3.1
(C1) Food products, beverages, tobacco 171 108.9 –0.2 –1.9
(C2) Coke and refined petroleum products 49 80.9 –11.8 –35.7
(C3) Electrical & electronic equip., computers, mach. 98 99.8 0.0 0.9
(C4) Transport equipment 125 104.1 0.1 0.7
(C5) Other man. products 402 101.8 –0.2 –0.9

    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 Jan.15 In 1 month In 1 year
    BE:TOTAL INDUSTRY 1000 98.0 –1.6 –6.6
    CZ: Manufactured prod. s 99.7 –0.6 –2.9
    (C1) Food products, beverages, tobacco 71 111.8 –0.2 –1.3
    (C2) Coke and refined petroleum products 53 77.7 –12.5 –38.5
    (C3) Electrical & electronic equip., computers, mach. 225 97.0 0.2 –0.4
    (C4) Transport equipment 147 99.3 –0.4 –0.2
    (C5) Other manufactured products s 102.7 0.1 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
    Oct.14 / Sep.14 Nov.14 / Oct.14 Dec.14 / Nov.14
    French producer prices in industry sold on:
    - the French market +0.1 // //
    - the foreign markets // // +0.1(1)
    - all markets // // //
    Import prices of industrial products –0.1 // –0.1
    • (1) Reading note: the change of the index between November and December 2014 has been revised by 0,1 point: published in January at –0.4%, it has been updated to –0.3%.