In December 2014, producer prices in industry fell anewIndustrial Producer and Import Price Indices - December 2014

In December, French producer prices in industry for the French market declined significantly (–0.9% after –0.1% in November), driven by plummeting prices for petroleum products.

Informations rapides
No 23
Paru le : 30/01/2015
Prochaine parution le : 30/11/2017 at 08:45 - October 2017

Producer price indices in French industry: –0.8% in December

FRENCH MARKET: –0.9% in December

In December, French producer prices in industry for the French market declined significantly (–0.9% after –0.1% in November), driven by plummeting prices for petroleum products.

The plunge in prices for petroleum products intensified

In December, prices for refined petroleum products continued to tumble (–14.9% after –5.1%), driven by diving Brent crude prices. The supply of crude oil remained abundant whereas the demand was not strong. Year over year, prices for refined petroleum products fell by 28.4%.

Conversely, prices for mining and quarrying products, energy and water rose anew (+0.5% after +1.7% in November), driven by significantly higher prices on the wholesale electricity market and – to a lesser extent –  the rise in electricity unregulated rates.

Food prices have been declining since spring 2014

Food prices moved down for the eighth month in a row (–0.2% in December after –0.3% in November, –2.2% year over year). Price movements differed across products: in December, they spread from +1.7% for oils and fats to –1.0% for dairy products.

Prices for other manufactured products dipped

Prices for other manufactured products continued to drop (–0.3% in December, as in November). This decline was mainly due to the fall in prices for chemical products which benefited from lower commodity prices, most notably for petroleum products.

FOREIGN MARKETS: –0.4% in December

Producer prices of French industrial products sold on foreign markets dipped again (–0.4% in December after –0.5% in November), mainly due to lower prices for refined petroleum products (–15.8%) and for other manufactured products (–0.3%).

ALL MARKETS: –0.8% in December

On all markets, prices fell by 0.8% in December. Year over year, the decline was significant (–2.4%): it reached -28.6% for refined petroleum products and –1.8% for food products. Prices for transport equipment, and electrical, computer, and electronic products and machinery rose year over year (+0.5% and +0.8%)

Import price indices of industrial products: –1.9% in December

Import prices declined significantly (–1.9% in December after –0.8%), driven by sinking prices for petroleum products (–18.0%). Year over year the fall in import prices was 5.5%, and spread across all main industrial sectors.

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 Dec.14 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 105.9 –0.9 –2.9
(DE) Mining and quarrying, energy, water 194 114.8 0.5 –1.9
CZ: Manufactured prod. 806 103.3 –1.2 –3.2
(C1) Food products, beverages, tobacco 186 108.4 –0.2 –2.2
(C2) Coke and refined petroleum products 56 93.1 –14.9 –28.4
(C3) Electrical & electronic equip., computers, mach. 72 102.6 0.1 0.6
(C4) Transport equipment 111 103.4 0.1 0.5
(C5) Other man. products 380 102.2 –0.3 –0.8
Foreign markets
BE:TOTAL INDUSTRY 1000 102.2 –0.4 –0.9
CZ: Manufactured prod. 968 102.4 –0.5 –0.7
(C1) Food products, beverages, tobacco 122 111.3 –0.1 –0.3
(C2) Coke and refined petroleum products 26 87.4 –15.8 –29.5
(C3) Electrical & electronic equip., computers, mach. 180 98.6 0.1 1.1
(C4) Transport equipment 169 104.1 0.1 0.6
(C5) Other man. products 471 101.8 –0.3 0.1
All markets
BE:TOTAL INDUSTRY 1000 104.4 –0.8 –2.4
CZ: Manufactured prod. 845 102.6 –1.1 –2.5
(C1) Food products, beverages, tobacco 171 109.0 –0.2 –1.8
(C2) Coke and refined petroleum products 49 91.8 –15.0 –28.6
(C3) Electrical & electronic equip., computers, mach. 98 99.8 0.1 0.8
(C4) Transport equipment 125 103.8 0.1 0.5
(C5) Other man. products 402 102.0 –0.3 –0.5

    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 Dec.14 In 1 month In 1 year
    BE:TOTAL INDUSTRY 1000 99.7 –1.9 –5.5
    CZ: Manufactured prod. s 100.4 –0.9 –2.6
    (C1) Food products, beverages, tobacco 71 112.2 0.2 –1.5
    (C2) Coke and refined petroleum products 53 88.7 –18.0 –31.6
    (C3) Electrical & electronic equip., computers, mach. 225 97.0 1.6 –0.4
    (C4) Transport equipment 147 99.7 –0.3 –0.2
    (C5) Other manufactured products s 102.6 –0.4 –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
    Sep.14 / Aug.14 Oct.14 / Sep.14 Nov.14 / Oct.14
    French producer prices in industry sold on:
    - the French market // +0.1(1) //
    - the foreign markets // // //
    - all markets // +0.1 //
    Import prices of industrial products // –0.2 //
    • (1) Reading note: the change of the index between September and October 2014 has been revised by 0.1 point: published last month equal to –0.1%, it has been updated to -0,1%.