30 September 2014
2014- n° 226In August 2014, energy prices fell again Industrial 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 %).
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.
graphiqueGraphique1_EN – Total Industry price indices
- Base and reference year: 2010
graphiqueGraphique2_EN – Producer price indices of manufactured products sold on the french market
- Base and reference year: 2010
graphiqueGraphique3_EN – Import price indices of manufactured products
- Base and reference year: 2010
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 | 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 |
tableauTableau2 – 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
tableauTableau3 – 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.
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