28 August 2015

2015- n° 208

In July 2015, producer prices in industry were unchanged (+0.0%) Industrial Producer and Import Price Indices - July 2015

In July 2015, French producer prices in industry for the French market were almost unchanged, as in June (–0.1% following +0.1% in June). The decline in prices for refined petroleum products was offset by the rise in prices for mining and quarrying products, energy, water and food products.

In July, prices for refined petroleum products continued to move down (–6.2% after –2.3% in June), driven by lower Brent crude prices.

Prices for mining and quarrying products, energy, water advanced for the second consecutive month (+0.9% in July following +1.2% in June). This rise was mainly due to higher prices on the electricity wholesale market, which were only partly offset by the seasonal decline in gas prices.

Food prices increased in July (+0.4% after –0.1% in June). Prices for the main categories of products rose: +1.3 % for processed and preserved meat due to higher prices for summer meat cuts (flank steak, rib steak etc) and, to a lesser extent, +0.2% for dairy products and bread, fresh pastry goods and cakes.

In July, as in June, prices for other manufactured products remained unchanged. Supply issues for certain chemical products led to higher prices, which offset the drop in prices for basic metals and metal products (–0.3%).

Producer prices of French industrial products sold on foreign markets were virtually unchanged (+0.1% after +0.2% in June). The fall in prices for refined petroleum products (–8.1%) was offset by the rise in prices for mining and quarrying products, energy, water (+7.3%).

On all markets, prices remained stable (+0.0% in July following +0.1% in June). Year over year, they declined by 1.0% for the whole industry, mostly due to refined petroleum products (–25.9%) and, to a lesser extent, food products (–1.6%).

In July, import prices continued to decline (–1.0% in July after –0.6% in June). Prices fell or were stable in all the main industrial sectors. In particular, prices for refined petroleum products declined by –7.3%. Food prices dropped (–0.6%), mainly due to lower prices for dairy products and, to a lesser extent, for processed and preserved meat.