Prices for food and petroleum products rose in both July and AugustIndustrial Producer and Import Price Indices - July-August 2012

In August, French producer prices in industry increased significantly (+1.2 %), following a more moderate rise in July (+0.4 %). Prices for refined petroleum products and food products rose in both months, while prices for "other manufactured products" rose back in August (+0.4 %) after having significantly dropped in July (–0.6 %)

Informations rapides
No 240
Paru le : 28/09/2012
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

Producer price indices in French industry

FRENCH MARKET: +1.2 % in August, following +0.4 % in July

In August, French producer prices in industry increased significantly (+1.2 %), following a more moderate rise in July (+0.4 %). Prices for refined petroleum products and food products rose in both months, while prices for "other manufactured products" rose back in August (+0.4 %) after having significantly dropped in July (–0.6 %)

Prices for refined petroleum products increased in both August and July ...

Prices for refined petroleum products moved up in both August (+7.8 %) and July (+5.8 %). Indeed, the price for Brent crude sourced from the North Sea continued to rise in dollar terms (+9.9 % following +6.6 %), as well as in euro terms (+8.8 % following +8.2 %).

... as well as food prices.

Food prices increased in both months (+0.8 % following +0.3 % in July). These advances can be traced to the significant rises in meat prices (+3.2 % following +0.9 %) and - to a lesser extent - prices for meat products (+0.1 % following +1.0 %), in a context of sharply higher prices for swine and cattle. Other food prices fell, driven by the price of sugar. (–9.8 %).

Prices for "other manufactured products" rose back, following a decline in July.

In July, the fall in prices for "other manufactured products" was mainly due to a significant decline in prices for chemical products (-2.9 %), driven by - with a delay - oil prices. In August, prices for these same chemical products rose back (+3.4 %), but the overall increase was lessened by lower prices for pharmaceutical products (-1.4 %).

FOREIGN MARKETS: +0,5 % in August, following +0.2 % in July

Producer prices of French industrial products sold on foreign markets increased significantly (+0.5 % following +0.2 % in July), mostly due to the rises in prices for refined petroleum products (+8.9 % following +4.9 %). In August, the rise in prices for chemical products (+1.7 %) was offset by the fall in prices for pharmaceutical products (-1.0 %).

ALL MARKETS: +1.0 % in August following +0.4 % in July

On all markets, producer prices of French industrial products rose by +1.0 % in August. Year-over-year, the rise was +2.2 % for the "total industry", led by refined petroleum products (+17.2 %).

Import prices indices of industrial products : +1.6 % in August following +1.8 % in July

In August, prices for imported industrial products rose significantly again (+1.6 % following +1.8 % in July). These increases were mainly attributable to the buying prices for oil and refined petroleum products. The significant rises in food prices (+1.1 % following +1.4 %) also contributed to these advances.

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:

base and reference year: 2005
French Producer Price Indices in industry according to the market where the products are sold:
Change in %
Levels A 10 and A 17 in CPA rev. 2, 2008 Weight Aug.12 Aug / Jul Jul / Jun In 1 year
French market
BE:TOTAL INDUSTRY 1000 118.8 1.2 0.4 2.6
(DE) Mining and quarrying, energy, water 130 134.1 1.1 0.6 3.9
CZ: Manufactured prod. 870 116.5 1.3 0.4 2.4
(C1) Food products, beverages, tobacco 188 113.7 0.8 0.3 2.9
(C2) Coke and refined petroleum products 70 174.6 7.8 5.8 16.1
(C3) Electrical & electronic equip., computers, mach. 92 112.3 0.2 0.0 1.6
(C4) Transport equipment 79 106.5 0.1 0.1 0.7
(C5) Other man. products 441 111.2 0.4 -0.6 –0.4
Foreign markets
BE:TOTAL INDUSTRY 1000 108.6 0.5 0.2 1.4
CZ: Manufactured prod. s 108.3 0.5 0.2 1.4
(C1) Food products, beverages, tobacco 82 118.7 0.5 0.2 1.1
(C2) Coke and refined petroleum products 25 242.5 8.9 4.9 22.6
(C3) Electrical & electronic equip., computers, mach. 202 97.1 0.1 0.1 0.0
(C4) Transport equipment 211 101.5 0.0 0.4 1.4
(C5) Other man. products s 107.3 –0.1 -0.2 –0.1
All markets
BE:TOTAL INDUSTRY 1000 115.6 1.0 0.4 2.2
CZ: Manufactured prod. s 113.7 1.0 0.4 2.0
(C1) Food products, beverages, tobacco 154 114.5 0.8 0.3 2.5
(C2) Coke and refined petroleum products 56 184.1 8.0 5.7 17.2
(C3) Electrical & electronic equip., computers, mach. 127 104.6 0.1 0.1 0.9
(C4) Transport equipment 121 103.7 0.0 0.2 1.1
(C5) Other man. products s 110.0 0.2 -0.5 –0.3

    Tableau2 – Import prices of industrial products

    base and reference year: 2005
    Import prices of industrial products
    Change en %
    Levels A 10 and A 17 of CPA rev. 2, 2008 Weight Aug.12 Aug / Jul Jul / Jun In 1 year
    BE:TOTAL INDUSTRY 1000 123.0 1.6 1.8 4.0
    CZ: Manufactured prod. s 111.7 0.9 0.8 2.1
    (C1) Food products, beverages, tobacco 69 131.6 1.1 1.4 3.9
    (C2) Coke and refined petroleum products 41 181.6 8.0 8.7 19.2
    (C3) Electrical & electronic equip., computers, mach. 210 94.4 –0.1 0.3 1.5
    (C4) Transport equipment 133 100.4 –0.1 0.0 –0.9
    (C5) Other man. products s 113.8 0.5 0.1 0.6
    • 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
    May 12 / Apr.12 Jun.12 / May 12
    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 // //
    • (1) Reading note: the evolution of the index between Apr.12 and May 12 published last month was equal to -1 %. It is updated to -1,1 %; that is to say a revision of -0,1 %.