28 October 2016
2016- n° 286In 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%).
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%).
graphiqueGraphique1_EN – Total Industry price indices
- Source : INSEE
graphiqueGraphique2_EN – Producer price indices of manufactured products sold on the french market
- Source: INSEE
graphiqueGraphique3_EN – Import price indices of manufactured products
- Source: INSEE
tableauTableau1 – 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
tableauTableau2 – 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
tableauTableau3 – 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.
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