In September 2016, producer prices in industry were virtually stable (+0.1%)Industrial Producer and Import Price Indices - September 2016

On all markets (French market and foreign markets), producer prices in industry were virtually stable (+0.1% after 0.0% in August). Year over year, they kept declining (−1.6%).

Informations rapides
No 286
Paru le : 28/10/2016
Prochaine parution le : 30/11/2017 at 08:45 - October 2017

Producer prices in French industry: +0.1% in September

On all markets (French market and foreign markets), producer prices in industry were virtually stable (+0.1% after 0.0% in August). Year over year, they kept declining (−1.6%).

FRENCH MARKET: +0.1%

In September 2016, French producer prices in industry for the French market were virtually stable (+0.1% after 0.0%). Only prices for refined petroleum products rebounded.

Rebound in prices for refined petroleum products

In September, the prices of refined petroleum products picked up (+2.8% after −0.1% in August and −7.2% in July). The rise was mainly due to gasoil and, to a lesser extent, to jet fuels. Refined petroleum product prices remained lower than a year before but this fall eased (−4.1% after −8.2%).

Virtual stability in prices for other energy products

In September, the prices of mining and quarrying products, energy and water were practically stable (−0.1% after +0.3% in August and +1.5% in July). The decrease in gas price, linked to the sharp falls on this product wholesale market, was partially offset by the seasonal rise in electricity prices.

Stability in food prices

In September, food prices were stable for the second month in a row. By product, the variations ranged from −0.4% for oils and fats to +0.7% for breads and fresh pastries. Year over year, food prices kept declining (−1.6%).

Virtual stability in prices for “other industrial products”

The prices of “other industrial products” remained virtually stable in September (+0.1% after −0.1% in August). The prices of chemical products recovered (+0.7%), reflecting the increase in naphtha prices. On the contrary, the prices of medicinal products went down (−0.4%). The prices of other products of this sector were almost unchanged.

FOREIGN MARKETS: +0.4%

Producer prices of French industrial products sold on foreign markets bounced back over the month (+0.4% in September after −0.1% in August) but continued to decline year over year (−1.2%). Increases in prices are concentrated in energy products and refined petroleum products. They were sharper for trade in the euro area than with the rest of the world.

Import price indices of industrial products: +0.1% in September

In August, import prices of industrial products were virtually stable (+0.1% after −0.1%). Only the prices for refined petroleum products (+2.8% after +1.1%) and for foodstuffs (+0.8% after +0.3%) accelerated. Year over year, import prices remained on a sharp declining trend (−2.2%).

Graphique1_EN – Total Industry price indices

  • Source : INSEE

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

  • 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

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 Sep.16 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 102.2 0.1 –1.7
(DE) Mining and quarrying, energy, water 193 105.8 –0.1 –3.8
CZ: Manufactured prod. 807 100.9 0.2 –1.2
(C1) Food products, beverages, tobacco 188 107.1 0.0 –1.6
(C2) Coke and refined petroleum products 53 77.3 2.8 –4.1
(C3) Electrical & electronic equip., computers, mach. 71 101.0 –0.1 –0.1
(C4) Transport equipment 124 103.7 0.0 –0.1
(C5) Other man. products 371 100.5 0.1 –1.1
Foreign markets
BE:TOTAL INDUSTRY 1000 101.4 0.4 –1.2
(DE) Mining and quarrying, energy, water 32 86.3 8.0 –7.7
CZ: Manufactured prod. 968 101.9 0.1 –1.1
(C1) Food products, beverages, tobacco 122 112.4 0.4 –1.5
(C2) Coke and refined petroleum products 26 75.9 2.6 1.2
(C3) Electrical & electronic equip., computers, mach. 180 99.5 0.1 –0.4
(C4) Transport equipment 169 105.4 0.2 0.7
(C5) Other man. products 471 100.4 0.0 –1.8
All markets
BE:TOTAL INDUSTRY 1000 101.4 0.1 –1.6
(DE) Mining and quarrying, energy, water 159 104.9 0.2 –4.0
CZ: Manufactured prod. 841 100.8 0.2 –1.1
(C1) Food products, beverages, tobacco 175 108.1 0.1 –1.5
(C2) Coke and refined petroleum products 49 76.4 2.7 –3.7
(C3) Electrical & electronic equip., computers, mach. 85 99.4 0.0 –0.2
(C4) Transport equipment 123 104.4 0.1 0.1
(C5) Other man. products 409 100.3 0.0 –1.3
  • 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 Sep.16 In 1 month In 1 year
BE:TOTAL INDUSTRY 1000 94.9 0.1 –2.2
CZ: Manufactured prod. s 97.9 0.2 –1.4
(C1) Food products, beverages, tobacco 71 114.6 0.8 2.5
(C2) Coke and refined petroleum products 53 72.5 2.8 –8.8
(C3) Electrical & electronic equip., computers, mach. 225 95.3 –0.1 –1.8
(C4) Transport equipment 147 97.5 0.1 –0.8
(C5) Other manufactured products s 100.4 0.0 –1.6
  • r: updated ; nd: non available ; s : confidential
  • Source: INSEE

Tableau3 – Revision of variations

Revision of the monthly change (in %)
Revision of variations
Jun.16 / May 16 Jul.16 / Jun.16 Aug.16 / Jul.16
French producer prices in industry sold on:
- the French market // +0.2 //
- the foreign markets –0.1 +0.1 //
- all markets // +0.2 //
Import prices of industrial products // // //
  • // : unrevised variation
  • How to read it: the change in the producer price index in industry for products sold on the French market between June 16 and July 16 has been revised by 0,2 points: published last month equal to −0.1%, it has been updated to 0.1%.

Nota bene : important changes occurred in electricity sector on the 1st of January 2016, with the end of regulated tariffs. Due to this evolution on the electricity market, electricity production price indexes may be revised more than usual.