In July 2016, producer prices in industry were virtually stableIndustrial Producer and Import Price Indices - July 2016

On all markets (French market and foreign markets), producer prices in industry were almost unchanged (-0.1%) following two monthly increases (+0.4% in June and in May). Year over year, they declined sharply (-3.1%).

Informations rapides
No 225
Paru le : 31/08/2016
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

Producer prices in French industry: −0.1% in July

On all markets (French market and foreign markets), producer prices in industry were almost unchanged (−0.1%) following two monthly increases (+0.4% in June and in May). Year over year, they declined sharply (−3.1%).

FRENCH MARKET: 0.0%

In July 2016, French producer prices in industry for the French market were stable. The fall in prices for refined petroleum products and for electrical and electronical equipments was offset by the rise in prices in other sectors.

Sharp downturn in prices for refined petroleum products

In July, prices for refined petroleum products fell back (−7.2% after four consecutive months of increase), following the decline in prices for crude oil. The fall is especially significant for gas oil and super unleaded fuels. Prices for refined petroleum products are much lower than a year earlier (−20.7%).

Prices for other energy products expanded

In July, prices for mining and quarrying products, energy and water continued to grew (+0.8% in July as in June). The rise came mainly from gas, due to a further increase in prices on the international wholesale markets and, to a lesser extend, to higher regulated tariffs on 1st July.

Recover in food prices

In July, food prices recovered somewhat (+0.4%) following ten consecutive months of decline or stability. This rise was mainly due to butcher meat prices. Industrial producers passed through higher input prices for pork and lamb into ther prices. Year over year, food prices declined (−1.4%).

Rise in prices for “other industrial products”

Prices for “other industrial products” rose in July (+0.3% after 0.0%): prices of chemical products increased due to the upturn in prices for ethylene while prices for basic metals and metallic products continued to grow, driven up by the recovery in prices of iron, non-ferrous metals and aluminium. Conversely, prices for rubber products decreased. Prices for other products of this sector were stable or almost inchanged.

FOREIGN MARKETS: −0.1%

Producer prices of French industrial products sold on foreign markets remained virtually stable in July (−0.1% after +0.1%). The decrease in prices for refined petroleum products and other energy products offset the rise in prices for food and other industrial products. In other sectors, prices were stable or virtually stable.

Import price indices of industrial products: −0.1% in July

In July, import prices of industrial products were also virtually stable (−0.1% after +0.6%): prices for refined petroleum products fell again whereas in other sectors, prices increased. Year over year, import prices declined by 4.3%.

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 Jul.16 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 102.0 0.0 –2.9
(DE) Mining and quarrying. energy. water 193 105.3 0.8 –4.0
CZ: Manufactured prod. 807 100.8 –0.2 –2.7
(C1) Food products. beverages. tobacco 188 107.1 0.4 –1.4
(C2) Coke and refined petroleum products 53 75.3 –7.2 –20.7
(C3) Electrical & electronic equip.. computers. mach. 71 101.0 –0.2 –0.4
(C4) Transport equipment 124 103.7 0.0 0.2
(C5) Other man. products 371 100.5 0.3 –2.2
Foreign markets
BE:TOTAL INDUSTRY 1000 100.8 –0.1 –3.2
(DE) Mining and quarrying. energy. water 32 79.2 –2.7 –15.5
CZ: Manufactured prod. 968 101.6 0.0 –2.9
(C1) Food products. beverages. tobacco 122 112.0 0.3 –2.3
(C2) Coke and refined petroleum products 26 74.9 –3.5 –16.0
(C3) Electrical & electronic equip.. computers. mach. 180 99.0 –0.1 –1.2
(C4) Transport equipment 169 104.6 0.0 –0.3
(C5) Other man. products 471 100.3 0.1 –3.8
All markets
BE:TOTAL INDUSTRY 1000 101.1 –0.1 –3.1
(DE) Mining and quarrying. energy. water 159 104.0 0.6 –4.6
CZ: Manufactured prod. 841 100.6 –0.1 –2.8
(C1) Food products. beverages. tobacco 175 108.0 0.3 –1.5
(C2) Coke and refined petroleum products 49 74.6 –6.6 –20.3
(C3) Electrical & electronic equip.. computers. mach. 85 99.1 –0.2 –0.8
(C4) Transport equipment 123 104.2 0.0 0.0
(C5) Other man. products 409 100.3 0.2 –2.7
  • 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 Jul.16 In 1 month In 1 year
BE:TOTAL INDUSTRY 1000 94.8 –0.1 –4.3
CZ: Manufactured prod. s 97.7 0.0 –2.9
(C1) Food products. beverages. tobacco 71 113.4 0.4 0.4
(C2) Coke and refined petroleum products 53 69.6 –8.2 –21.8
(C3) Electrical & electronic equip.. computers. mach. 225 95.8 0.3 –1.5
(C4) Transport equipment 147 97.4 0.2 –1.3
(C5) Other manufactured products s 100.5 0.7 –2.6
  • 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
Apr.16 / Mar.16 May 16 / Apr.16 Jun.16 / May 16
French producer prices in industry sold on:
- the French market // +0.1 //
- the foreign markets // +0.1 –0.2
- all markets // // //
Import prices of industrial products // –0.1 //
  • (1) How to read it: the change in the index between Mai 16 and Juin 16 has been revised by −0.2 points: published last month equal to 0.3%, it has been updated to 0.1%.