In August 2014, energy prices fell againIndustrial Producer and Import Price Indices - August 2014

In August, French producer prices in industry for French market continued to drop (–0.3 % after –0.2 % in August). This decline was mainly due to lower prices for refined petroleum products (–1.7 % after –0.5 %), and for mining and quarrying products, energy, water (–0.6 % after –0.7 %).

Informations rapides
No 226
Paru le : 30/09/2014
Prochaine parution le : 22/12/2017 at 08:45 - November 2017

Producer price indices in French industry : –0.3 % in August

FRENCH MARKET: –0.3 % in August

In August, French producer prices in industry for French market continued to drop (–0.3 % after –0.2 % in August). This decline was mainly due to lower prices for refined petroleum products (–1.7 % after –0.5 %), and for mining and quarrying products, energy, water (–0.6 % after –0.7 %).

Energy prices dropped significantly

In August, prices for refined petroleum products fell sharply (–1.7 %) in connection with significantly lower prices for Brent crude sourced from the North Sea in euro (–4.3 %) terms. Prices for gasolines and heating oil moved down.

Electricity prices dropped again (–0.8 % after –1.0 %) driven by the seasonal price decline and lower spot prices. Gas prices kept on declining (–0.5 %) due to the seasonal rates.

Food prices dipped slightly

Food prices fell moderately (–0.3 %) following three months of stability. Prices for oils and fats declined significantly (–3.3 %), driven by lower oleaginous prices. Conversely, prices for sugar, cocoa, coffee and tea advanced (+0.6 %).

Prices for electrical and electronic equipment also fell

Prices for electrical equipment moved down (–0.5 %) driven by the seasonal decline in prices for household appliances. Prices for computer and electronic equipment dropped as well (–0.3 %), after the significant rise in prices for electronic components in July (+2.3 %).

FOREIGN MARKETS: –0.3% in August

Producer prices of French industrial products sold on foreign markets fell by –0.3 % in August. As on the French market, this decline was mainly due to energy prices: prices for refined petroleum products (–1.4 %), as well as electricity prices, declined.

ALL MARKETS: –0.3 % in August

On all markets, prices dipped (–0.3 %) after having been unchanged in July. Year over year, the fall was –1.4 %. The decline was almost general, except for transport equipment whose prices remained steady (+0.1 %).

Import price indices of industrial products: –0.3 % in August

Import prices declined again (–0.3 % after –0.6 %). Buying prices for refined petroleum products fell significantly (–1.6 %), while prices for other manufactured products moved up, driven by the rise in prices for textiles and wearing apparel due to the arrival of the winter collections.

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 Aug.14 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 106.4 –0.3 –1.4
(DE) Mining and quarrying, energy, water 226 105.7 –0.6 –3.2
CZ: Manufactured prod. 774 106.3 –0.2 –1.2
(C1) Food products, beverages, tobacco 196 110.8 –0.3 –1.3
(C2) Coke and refined petroleum products 49 124.1 –1.7 –6.7
(C3) Electrical & electronic equip., computers, mach. 53 101.8 –0.1 –0.5
(C4) Transport equipment 80 103.2 0.0 0.2
(C5) Other man. products 396 103.0 0.0 –0.5
Foreign markets
BE:TOTAL INDUSTRY 1000 102.8 –0.3 –0.8
CZ: Manufactured prod. 980 103.3 –0.1 –0.6
(C1) Food products, beverages, tobacco 100 112.6 –0.3 0.0
(C2) Coke and refined petroleum products 37 123.0 –2.8 –5.9
(C3) Electrical & electronic equip., computers, mach. 194 97.9 0.2 0.0
(C4) Transport equipment 252 103.8 –0.1 0.1
(C5) Other man. products 397 101.7 0.1 –0.9
All markets
BE:TOTAL INDUSTRY 1000 105.0 –0.3 –1.4
CZ: Manufactured prod. 845 105.0 –0.2 –1.0
(C1) Food products, beverages, tobacco 163 111.1 –0.3 –1.1
(C2) Coke and refined petroleum products 45 123.2 –1.9 –7.1
(C3) Electrical & electronic equip., computers, mach. 102 99.1 0.0 –0.3
(C4) Transport equipment 140 103.6 0.0 0.1
(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 Aug.14 In 1 month In 1 year
    BE:TOTAL INDUSTRY 1000 103.6 –0.3 –2.8
    CZ: Manufactured prod. s 102.6 0.1 –1.3
    (C1) Food products, beverages, tobacco 69 113.2 –0.2 –1.1
    (C2) Coke and refined petroleum products 47 124.5 –1.6 –7.0
    (C3) Electrical & electronic equip., computers, mach. 227 96.3 0.1 –2.2
    (C4) Transport equipment 147 99.8 0.0 –0.2
    (C5) Other manufactured products s 103.2 0.4 –0.4
    • 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
    May 14 / Apr.14 Jun.14 / May 14 Jul.14 / Jun.14
    French producer prices in industry sold on:
    - the French market -0.4(1) +0.1 +0.1
    - the foreign markets // // +0.4
    - all markets –0.3 // +0.1
    Import prices of industrial products // // +0.1
    • (1) Reading note: the development of the index between April and May 2014 was revised by -0,4 point, to –0.8%, due to the revision of the raw data of prices for transmission services of electricity.