In January 2016, further fall in producer prices in industry (−0.7%)Industrial Producer and Import Price Indices - January 2016

On all markets (French market and foreign markets), prices declined again in January 2016 (-0.7% following -1.1%). Year over year, they decreased by 2.0%, mainly due to slumping prices for refined petroleum products (-27.9%).

Informations rapides
No 53
Paru le : 26/02/2016
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

Producer prices in French industry: −0.7% in January

On all markets (French market and foreign markets), prices declined again in January 2016 (−0.7% following −1.1%). Year over year, they decreased by 2.0%, mainly due to slumping prices for refined petroleum products (−27.9%).

FRENCH MARKET: −0.8%

In January 2016, French producer prices in industry for the French market dropped again (−0.8% following −1.2% in December), driven down by prices for refined petroleum products and, to a lesser extent, by prices for mining and quarrying industry, energy, water and food products.

Prices for refined petroleum products plumetted

In January, prices for refined petroleum products declined considerably once again (−13.9% after −16.7%) driven down by the fall in prices for crude oil. The index hit its lowest level since March 2004. The price fall was stronger on heavy products (heavy fuel oil, bitumen, kerosene, gas oil) than on super unleaded. Year over year, prices slumped by 29.7%.

Prices for other energy products slid

Prices for mining and quarrying products, energy, water decreased again (−0.7% in January following −1.7% in December). Prices on the electricity wholesale market and gas prices continued to drop.

Food prices fell

In January, food prices declined (−0.4% as in December), mainly due to prices for meat and meat products, and dairy products.

Prices for other manufactured products dipped slightly

Prices for other manufactured products continued to decline slightly (−0.2% in January as in December). Prices for basic metals fell following the decrease of metal prices. By contrast, prices for medicinal products grew because of annual tarif revisions from some companies.

FOREIGN MARKETS: −0.5%

Producer prices of French industrial products sold on foreign markets fell again in January (−0.5% following −0.8% in December). They dipped above all for energy refined petroleum products and, to a lesser extent, for other industrial products.

Import price indices of industrial products: −1.6% in January

In January, import prices dropped clearly once again (−1.6% after –1.7% in December), driven down by coke and petroleum products. Prices decreased in all the main industrial sectors, except for food products, whose prices increased slightly.

Graphique1_EN – Total Industry price indices

Graphique2_EN – Producer price indices of manufactured products sold on the french market

  • 2010: 100
  • Source: INSEE

Graphique3_EN – Import price indices of manufactured products

  • Source: INSEE

Tableau1 – French Producer Price Indices in industry according to the market where the products are sold:Source: INSEE

reference year: 2010
French Producer Price Indices in industry according to the market where the products are sold:Source: INSEE
Change in %
Levels A 10 and A 17 in CPF rev. 2, 2008 Weight Jan.16 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 102.2 –0.8 –2.5
(DE) Mining and quarrying, energy, water 194 110.7 –0.7 –2.9
CZ: Manufactured prod. 806 99.8 –0.8 –2.3
(C1) Food products, beverages, tobacco 186 107.7 –0.4 –0.4
(C2) Coke and refined petroleum products 56 56.6 –13.9 –29.7
(C3) Electrical & electronic equip., computers, mach. 72 101.4 0.2 –0.1
(C4) Transport equipment 111 104.2 0.1 0.6
(C5) Other man. products 380 100.5 –0.2 –1.4
Foreign markets
BE:TOTAL INDUSTRY 1000 101.4 –0.5 –0.7
(DE) Mining and quarrying, energy, water 32 90.2 0.2 –5.1
CZ: Manufactured prod. 968 101.9 –0.5 –0.5
(C1) Food products, beverages, tobacco 122 113.5 –0.1 1.0
(C2) Coke and refined petroleum products 26 59.8 –13.5 –15.0
(C3) Electrical & electronic equip., computers, mach. 180 100.3 0.3 0.4
(C4) Transport equipment 169 105.3 0.1 0.9
(C5) Other man. products 471 100.7 –0.6 –1.2
All markets
BE:TOTAL INDUSTRY 1000 101.5 –0.7 –2.0
(DE) Mining and quarrying, energy, water 155 109.7 –0.6 –3.0
CZ: Manufactured prod. 845 99.9 –0.7 –1.8
(C1) Food products, beverages, tobacco 171 108.7 –0.4 –0.2
(C2) Coke and refined petroleum products 49 56.7 –13.7 –27.9
(C3) Electrical & electronic equip., computers, mach. 98 99.9 0.2 0.1
(C4) Transport equipment 125 104.7 0.1 0.7
(C5) Other man. products 402 100.5 –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 Jan.16 In 1 month In 1 year
    BE:TOTAL INDUSTRY 1000 93.4 –1.6 –4.5
    CZ: Manufactured prod. s 97.1 –0.9 –2.4
    (C1) Food products, beverages, tobacco 71 112.0 0.3 0.3
    (C2) Coke and refined petroleum products 53 53.9 –16.6 –30.7
    (C3) Electrical & electronic equip., computers, mach. 225 97.1 –0.1 0.5
    (C4) Transport equipment 147 97.9 –0.2 –1.4
    (C5) Other manufactured products s 100.5 –0.5 –2.1
    • 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
    Oct.15 / Sep.15 Nov.15 / Oct.15 Dec.15 / Nov.15
    French producer prices in industry sold on:
    - the French market // // //
    - the foreign markets // // //
    - all markets // // //
    Import prices of industrial products // –0.1 //
    • How to read it: 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 January equal to 0.1%, it has been revised to 0.0%.
    • Source : INSEE
    • Information : Producers prices in electricity for the French market for January 2016 have a very low recoil about the important changes in this sector. The effects of disappearance of part of regulated electricity prices on 1st January 2016 can not be totally analyzed yet.