In February 2016, further fall in producer prices in industry (−0.5%)Industrial Producer and Import Price Indices - February 2016
On all markets (French market and foreign markets), prices declined again in February 2016 (-0.5% following -0.9%). Year over year, they decreased by 3.7%, mainly due to plummeting prices for refined petroleum products (-38.9%).
Producer prices in French industry: −0.5% in February
On all markets (French market and foreign markets), prices declined again in February 2016 (−0.5% following −0.9%). Year over year, they decreased by 3.7%, mainly due to plummeting prices for refined petroleum products (−38.9%).
FRENCH MARKET: −0.5%
In February 2016, French producer prices in industry for the French market dropped again (−0.5% following −1.0% in January and −1.2% in December 2015), less sharply than in the two previous month. They are mainly driven down by prices for mining and quarrying industry, energy and water.
Prices for refined petroleum products edged down
In February, prices for refined petroleum products declined moderately (−0,5%) after the slump of the two previous months (−13.7% in January and −16.7% in December) against the backdrop of rising prices for crude oil. Super unleaded prices fell again, whereas prices for heavy fuel oil and gas oil, products closer to crude oil, picked up.
Prices for other energy products slid again
Prices for mining and quarrying products, energy and water decreased for the third consecutive month (−1.6% following −1.4% in January and −1.7% in December 2015). Prices on the electricity wholesale market and gas prices remained on a downward trend.
Virtual stability of food prices
In February, food prices were practically stable (−0.1%) after five consecutive months of slight fall. The decline in prices for food industry products (−0.3%) was almost offset by the increase in prices for beverages (+0.5%).
Near stability of other manufactured products
Prices for other manufactured products were virtually stable in February (−0.1%) after seven months of decline. Prices returned to their level of August 2010. The fall in prices for chemical products and textile industry products was partially offset by a new rise in prices for pharmaceutical products.
FOREIGN MARKETS: −0.6%
Producer prices of French industrial products sold on foreign markets fell again in February (−0.6% following −0.7% in January and in December). Prices slid in all the main industrial sectors, except for mining and quarrying industry, energy and water, whose prices were practically stable.
Import price indices of industrial products: −0.6% in February
In February, import prices continued to drop albeit less sharply (−0.6% after –1.7% in January). Prices decreased in all the main industrial sectors, except for refined petroleum products, whose prices recovered (+1.1%), and for transport equipment whose prices were stable.
tableau Tableau1 – 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||Feb.16||In 1 month||In 1 year|
|(DE) Mining and quarrying, energy, water||194||108.0||–1.6||–6.5|
|CZ: Manufactured prod.||806||99.5||–0.2||–3.5|
|(C1) Food products, beverages, tobacco||186||107.5||–0.1||–0.7|
|(C2) Coke and refined petroleum products||56||56.4||–0.5||–40.1|
|(C3) Electrical & electronic equip., computers, mach.||72||101.0||–0.2||–0.5|
|(C4) Transport equipment||111||104.0||–0.2||0.4|
|(C5) Other man. products||380||100.3||–0.1||–1.5|
|(DE) Mining and quarrying, energy, water||32||89.7||0.1||–13.2|
|CZ: Manufactured prod.||968||101.2||–0.5||–2,0.|
|(C1) Food products, beverages, tobacco||122||112.6||–0.7||0.0|
|(C2) Coke and refined petroleum products||26||56.7||–5.3||–28.7|
|(C3) Electrical & electronic equip., computers, mach.||180||99.6||–0.3||–0.3|
|(C4) Transport equipment||169||104.9||–0.1||0.3|
|(C5) Other man. products||471||100.1||–0.6||–2.9|
|(DE) Mining and quarrying, energy, water||155||107.3||–1.4||–6.7|
|CZ: Manufactured prod.||845||99.6||–0.2||–3.0|
|(C1) Food products, beverages, tobacco||171||108.4||–0.3||–0.6|
|(C2) Coke and refined petroleum products||49||56.0||–1.4||–38.9|
|(C3) Electrical & electronic equip., computers, mach.||98||99.4||–0.2||–0.4|
|(C4) Transport equipment||125||104.5||–0.1||0.4|
|(C5) Other man. products||402||100.2||–0.2||–1.8|
- Source: INSEE
tableau Tableau2 – Import prices of industrial products
|Change in %|
|Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008||Weight||Feb.16||In 1 month||In 1 year|
|CZ: Manufactured prod.||s||96.7||–0.3||–3.7|
|(C1) Food products, beverages, tobacco||71||111.9||–0.4||–0.3|
|(C2) Coke and refined petroleum products||53||54.6||1.1||–41.8|
|(C3) Electrical & electronic equip., computers, mach.||225||96.6||–0.2||–0.6|
|(C4) Transport equipment||147||97.9||0.0||–1.2|
|(C5) Other manufactured products||s||99.7||–0.6||–2.4|
- r: updated ; nd: non available ; s : confidential
- Source: INSEE
tableau Tableau3 – Revision of each index at total industry level
|Nov.15 / Oct.15||Dec.15 / Nov.15||Jan.16 / Dec.15|
|French producer prices in industry sold on:|
|- the French market||//||//||–0.2|
|- the foreign markets||//||+0.1||–0.2|
|- all markets||//||//||–0.2|
|Import prices of industrial products||+0.1||–0.1||–0.1|
- How to read it: the change of the index on French market between Dec.15 and Jan.16 has been revised downwards by 0.2 points: published at the end of January equal to −0.8%, it has been revised to −1.0%.
Nota bene : Important changes have taken place in the electricity sector on 1st January 2016, with the end of a part of regulated tariffs. The consequential effects can not be totally analyzed yet. Thus electricity price indexes may be subject to larger revision than usual.