In May 2016, producer prices in industry recovered (+0.3%)Industrial Producer and Import Price Indices - May 2016

On all markets (French market and foreign markets), producer prices recovered in May 2016 (+0.3% following –0.3%). Year over year, prices decreased by 3.3%. Prices slid for all main industrial sectors, except those for transport equipment whose prices rose slightly over one year.

Informations rapides
No 171
Paru le : 30/06/2016
Prochaine parution le : 30/11/2017 at 08:45 - October 2017

Producer prices in French industry: +0.3% in May

On all markets (French market and foreign markets), producer prices recovered in May 2016 (+0.3% following –0.3%). Year over year, prices decreased by 3.3%. Prices slid for all main industrial sectors, except those for transport equipment whose prices rose slightly over one year.

FRENCH MARKET: +0.3%

In May 2016, French producer prices in industry for the French market rebounded (+0.3% after –0.4% in April), mainly due to refined petroleum products.

Prices for refined petroleum products sped up

In May, prices for refined petroleum products increased much more than in April (+12.3% after +3.9%), driven up by prices for crude oil. Prices for gas oil and heating oil expanded more than those for super unleaded fuels and lubricating oils. However, year over year, prices for refined petroleum products declined by 25.3%.

Prices for other energy products slid again

Prices for mining and quarrying products, energy and water declined for the sixth consecutive month. The fall, slighter in May (−0.7%) than in April (−2.7%), was mainly due to electricity, with on the one hand, the changeover to summer rates for electricity distribution, and on the other hand, the fall in prices for electricity production and trade.

Virtual stability in food prices

In May as in April, food prices were almost unchanged (−0.1%). The fall in prices for dairy products, bread, pastry and fresh viennese pastry was partially offset by the rise in meat prices.

Slight rise in prices for other manufactured products

Prices for other manufactured products advanced slightly in May (+0.2% following +0.1% in April). The main rises concerned chemical products, linked with the recovery in oil prices, pharmaceutical products and basic metals products, these last ones echoing the increase in ferrous and non-ferrous metal prices. Prices for others products of this sector were stable or virtually stable.

FOREIGN MARKETS: +0.3%

Producer prices of French industrial products sold on foreign markets edged up in May (+0.3% after −0.1%), driven up by the strong increase in prices for refined petroleum products, and to a lesser extent, by price rises for mining and quarrying products, energy and water.

Import price indices of industrial products: +1.0% in May

In May, import prices of industrial products rebounded (+1.0% after 0.0% in April) driven by prices for refined petroleum products. Food prices recovered (+0.4% following −0.3%) mainly due to the rise in prices for white sugar on global market. Prices for other sectors were stable or virtually stable.

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

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 May 16 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 101.5 0.3 –3.5
(DE) Mining and quarrying. energy. water 193 103.5 –0.7 –3.7
CZ: Manufactured prod. 807 100.6 0.5 –3.5
(C1) Food products. beverages. tobacco 188 106.7 –0.1 –1.5
(C2) Coke and refined petroleum products 53 77.8 12.3 –25.3
(C3) Electrical & electronic equip.. computers. mach. 71 100.6 –0.1 –0.7
(C4) Transport equipment 124 103.8 –0.1 0.1
(C5) Other man. products 371 100.1 0.2 –2.6
Foreign markets
BE:TOTAL INDUSTRY 1000 100.7 0.3 –3.0
(DE) Mining and quarrying. energy. water 32 78.4 2.2 –3.7
CZ: Manufactured prod. 968 101.6 0.3 –2.9
(C1) Food products. beverages. tobacco 122 111.6 –0.3 –1.8
(C2) Coke and refined petroleum products 26 75.9 12.3 –21.8
(C3) Electrical & electronic equip.. computers. mach. 180 99.2 0.0 –0.8
(C4) Transport equipment 169 105.4 0.1 0.6
(C5) Other man. products 471 100.0 0.1 –4.2
All markets
BE:TOTAL INDUSTRY 1000 100.8 0.3 –3.3
(DE) Mining and quarrying. energy. water 159 102.4 –0.4 –3.6
CZ: Manufactured prod. 841 100.5 0.5 –3.3
(C1) Food products. beverages. tobacco 175 107.6 –0.2 –1.6
(C2) Coke and refined petroleum products 49 76.8 12.3 –25.1
(C3) Electrical & electronic equip.. computers. mach. 85 99.0 0.0 –0.7
(C4) Transport equipment 123 104.5 0.0 0.3
(C5) Other man. products 409 99.9 0.1 –3.1
  • Source: INSEE

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 May 16 In 1 month In 1 year
BE:TOTAL INDUSTRY 1000 94.4 1.0 –6.4
CZ: Manufactured prod. s 97.4 0.5 –4.1
(C1) Food products, beverages, tobacco 71 112.1 0.4 –0.6
(C2) Coke and refined petroleum products 53 73.0 13.2 –28.0
(C3) Electrical & electronic equip., computers, mach. 225 95.7 –0.1 –2.0
(C4) Transport equipment 147 97.3 0.0 –1.5
(C5) Other manufactured products s 99.7 0.0 –3.7
  • 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
Feb.16 / Jan.16 Mar.16 / Feb.16 Apr.16 / Mar.16
French producer prices in industry sold on:
- the French market // –0.2 +0.1
- the foreign markets // –0.1 –0.1
- all markets // // //
Import prices of industrial products –0.1 +0.1 //
  • (1) How to read it: the change in the producer price index of manufactured products sold on the French market between March 2016 and April 2016 has been revised by 0.1 points: published last month equal to −0.5%, it has been updated to −0.4%.