In December 2015, fall in of producer prices in industryIndustrial Producer and Import Price Indices - December 2015

On all markets (French market and foreign markets), prices declined anew in December 2015 (-1.1%) following three months of virtually stability. Year over year, they decreased by 2.2%, mainly due to slumping prices for refined petroleum products (-28.0%).

Publications for experts
Informations rapides – No 32
Paru le : 01/29/2016
Prochaine parution le : 12/21/2016 at 08:45 - November 2016

Producer prices in French industry: −1.1% in December

On all markets (French market and foreign markets), prices declined anew in December 2015 (−1.1%) following three months of virtually stability. Year over year, they decreased by 2.2%, mainly due to slumping prices for refined petroleum products (−28.0%).

FRENCH MARKET: −1.2%

In December 2015, French producer prices in industry for the French market dropped (−1.2% following +0.2% in November). Prices decreased both in mining and quarrying industry, energy and water and in manufactured industry.

Prices for refined petroleum products plumetted

In December, prices for refined petroleum products declined considerably (−16.5%) after a slighter fall over the last three months (+0.3% in November, −2.4% in October and −1.7% in September). The index hit its lowest level since March 2009. The fall concerned all kinds of refined petroleum products, mainly gas oil and heavy fuel oil. Year over year, prices for refined petroleum products slumped (–28.8%).

Prices for other energy products slided

Prices for mining and quarrying products, energy, water fell back (−1.6% in December following +1.2% in November), owing to mild temperatures and to sustained offer of electricity. Prices on the electricity wholesale market and gas prices continued to drop.

Food prices fell

In December, food prices declined again (−0.2% after −0.3% in November). By products, the changes prices ranged from −1.1% for oils and fats to +0.4% for processed and preserved fish.

Prices for other manufactured products declined slightly

Prices for other manufactured products declined in December as in November (−0.2%). The drop in prices for main industrial products (basic metals products, rubber products and chemical products) was partially offset by the seasonal rise in prices for textile industry products, in connexion with the initial release of summer collections.

FOREIGN MARKETS: −0.8%

Producer prices of French industrial products sold on foreign markets fell back in December (−0.8% following +0.1% in November). They dipped above all for energy and refined petroleum products.

Import price indices of industrial products: −1.7% in December

In December, import prices dropped clearly (−1.7% after +0.1% in November), driven down by coke and petroleum products. Prices decreased in all the main industrial sectors, except for electrical and electronic equipments and agri-food products, whose prices remained stable or practically stable.

Graphique1_EN – Total Industry price indicesreference year: 2010

  • Source: INSEE

Graphique2_EN – Producer price indices of manufactured products sold on the French marketreference year: 2010

Graphique3_EN – Import price indices of manufactured productsreference year: 2010

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.15 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 103.0 –1.2 –2.8
(DE) Mining and quarrying, energy, water 194 111.5 –1.6 –3.0
CZ: Manufactured prod. 806 100.5 –1.1 –2.7
(C1) Food products, beverages, tobacco 186 108.1 –0.2 –0.4
(C2) Coke and refined petroleum products 56 65.8 –16.5 –28.8
(C3) Electrical & electronic equip., computers, mach. 72 101.2 –0.1 –0.8
(C4) Transport equipment 111 103.9 –0.1 0.3
(C5) Other man. products 380 100.7 –0.2 –1.6
Foreign markets
BE:TOTAL INDUSTRY 1000 101.9 –0.8 –0.6
(DE) Mining and quarrying, energy, water 32 89.3 –7.2 –6.8
CZ: Manufactured prod. 968 102.4 –0.6 –0.4
(C1) Food products, beverages, tobacco 122 113.7 –0.6 1.5
(C2) Coke and refined petroleum products 26 68.7 –10.2 –22.5
(C3) Electrical & electronic equip., computers, mach. 180 100.0 –0.3 0.7
(C4) Transport equipment 169 105.2 0.0 0.7
(C5) Other man. products 471 101.3 –0.5 –0.7
All markets
BE:TOTAL INDUSTRY 1000 102.2 –1.1 –2.2
(DE) Mining and quarrying, energy, water 155 110.4 –1.9 –3.2
CZ: Manufactured prod. 845 100.6 –1.0 –2.1
(C1) Food products, beverages, tobacco 171 109.2 –0.2 0.0
(C2) Coke and refined petroleum products 49 65.7 –15.8 –28.0
(C3) Electrical & electronic equip., computers, mach. 98 99.7 –0.1 –0.2
(C4) Transport equipment 125 104.5 0.0 0.5
(C5) Other man. products 402 100.8 –0.3 –1.3

    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.15 In 1 month In 1 year
    BE:TOTAL INDUSTRY 1000 95.0 –1.7 –4.5
    CZ: Manufactured prod. s 98.1 –0.9 –2.1
    (C1) Food products, beverages, tobacco 71 111.7 0.1 –0.3
    (C2) Coke and refined petroleum products 53 64.7 –16.3 –27.3
    (C3) Electrical & electronic equip., computers, mach. 225 97.2 0.0 0.7
    (C4) Transport equipment 147 98.1 –0.3 –1.5
    (C5) Other manufactured products s 101.1 –0.3 –1.4
    • r: updated ; nd: non available ; s: confidential
    • Source: INSEE

    Tableau3 – Revision of each index at total industry level

    Revision of the monthly change (in %)
    Revision of each index at total industry level
    Sep.15 / Aug.15 Oct.15 / Sep.15 Nov.15 / Oct.15
    French producer prices in industry sold on:
    - the French market // –0.1 +0.1
    - the foreign markets –0.1 // +0.1
    - all markets // +0.1 //
    Import prices of industrial products –0.1 –0.1 –0.1
    • Reading note: the change of the index on French market between Oct.15 and Nov.15 has been revised by 0,1 points: published at the end of December equal to 0,1%, it has been updated to 0,2%.