In October 2016, increase in producer prices in industry (+0.8%)Industrial Producer and Import Price Indices - October 2016

On all markets (French market and foreign markets), producer prices in industry continued to rise in October 2016 (+0.8%), at a more dynamic pace than in the previous month (+0.3%). Year over year, they kept declining (−0.8%).

Informations rapides
No 313
Paru le : 30/11/2016
Prochaine parution le : 22/12/2017 at 08:45 - November 2017

Producer prices in French industry: +0.8% in October

On all markets (French market and foreign markets), producer prices in industry continued to rise in October 2016 (+0.8%), at a more dynamic pace than in the previous month (+0.3%). Year over year, they kept declining (−0.8%).

FRENCH MARKET: +0.8%

In October, French producer prices in industry for the French market increased again, more sharply than the previous month (+0.8% after +0.3% in September). The rise is mainly due to refined petroleum products and other energy products.

Increase in prices for refined petroleum products

In September, the prices of refined petroleum products sped up significantly (+10.7% after +2.8% in September and −0.1% in August) especially prices of gasoil and jet fuels. Year over year, refined petroleum product prices bounced back sharply (+8,8% after 4.1%).

Rise in prices for other energy products

In October, the prices of mining and quarrying products, energy and water continued to grow (+1.5% after +0.7% in September). The increase was mainly due to electricity produced and traded. The shutdown of nuclear reactors since mid-September disminished the production capacities and the prices on the wholesale market rose sharply.

Slight increase in food prices

In October, food prices went up (+0.2%) after a virtual stability in September. Sugar price rebounded (+5.7% after −0.3% in September), in line with the sharp increase in sugar prices on a global level in October. Year over year, food prices remained declining (−1.2%).

Virtual stability in prices for “other industrial products”

The prices of “other industrial products” remained virtually stable (+0.1% in October as in September). Only the prices of chemical products and basic metals products grew. The prices of other products of this category fell slightly or were stable.

FOREIGN MARKETS: +0.8%

Producer prices of French industrial products sold on foreign markets continued to rise (+0.8% in October after +0.4% in September). Increases were concentrated in energy and refined petroleum products and, to a lesser extent, in foodstuffs. Year over year, the decline in export prices eased (−0.4% after −1.2%).

Import price indices of industrial products: +1.1% in October

In October, the import prices of industrial products rose sharply (+1.1% after +0.3%). Prices went up for all products except for transport equipment. Import prices remained down year over year (−0.6%).

Graph1 – Total Industry price indices

  • Source : INSEE

Graph2 – Producer price indices of manufactured products sold on the French market

  • Source : INSEE

Graph3 – Import price indices of manufactured products

  • Source : INSEE

Table1 – 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 Oct.16 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 103.2 0.8 –0.9
(DE) Mining and quarrying, energy, water 193 108.3 1.5 –3.3
CZ: Manufactured prod. 807 101.6 0.7 –0.2
(C1) Food products, beverages, tobacco 188 107.3 0.2 –1.2
(C2) Coke and refined petroleum products 53 85.6 10.7 8.8
(C3) Electrical & electronic equip., computers, mach. 71 101.0 –0.1 –0.4
(C4) Transport equipment 124 103.7 0.0 –0.3
(C5) Other man. products 371 100.6 0.1 –0.5
Foreign markets
BE:TOTAL INDUSTRY 1000 102.2 0.8 –0.4
(DE) Mining and quarrying, energy, water 32 102.0 18.2 1.8
CZ: Manufactured prod. 968 102.2 0.2 –0.6
(C1) Food products, beverages, tobacco 122 113.1 0.6 –0.8
(C2) Coke and refined petroleum products 26 80.5 6.2 6.1
(C3) Electrical & electronic equip., computers, mach. 180 99.6 0.1 –0.2
(C4) Transport equipment 169 105.4 0.0 0.6
(C5) Other man. products 471 100.4 0.0 –1.4
All markets
BE:TOTAL INDUSTRY 1000 102.4 0.8 –0.8
(DE) Mining and quarrying, energy, water 159 108.1 2.2 –3.1
CZ: Manufactured prod. 841 101.3 0.5 –0.3
(C1) Food products, beverages, tobacco 175 108.3 0.2 –1.2
(C2) Coke and refined petroleum products 49 84.0 9.9 8.0
(C3) Electrical & electronic equip., computers, mach. 85 99.3 –0.1 –0.4
(C4) Transport equipment 123 104.4 0.0 –0.1
(C5) Other man. products 409 100.5 0.2 –0.7
  • Source : INSEE

Table2 – 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 Oct.16 In 1 month In 1 year
BE:TOTAL INDUSTRY 1000 96.0 1.1 –0.6
CZ: Manufactured prod. s 98.5 0.6 –0.3
(C1) Food products, beverages, tobacco 71 115.2 0.6 3.6
(C2) Coke and refined petroleum products 53 79.9 10.4 2.7
(C3) Electrical & electronic equip., computers, mach. 225 95.6 0.2 –1.1
(C4) Transport equipment 147 97.3 –0.2 –1.1
(C5) Other manufactured products s 100.7 0.2 –0.7
  • r: updated ; nd: non available ; s : confidential
  • Source : INSEEl

Table3 – Revision of variations

Revision of the monthly change (in %)
Revision of variations
Jul.16 / Jun.16 Aug.16 / Jul.16 Sep.16 / Aug.16
French producer prices in industry sold on:
- the French market // // +0.2
- the foreign markets // // //
- all markets // // +0.2
Import prices of industrial products –0.1 // +0.2
  • // : unrevised variation
  • How to read it: the change in the producer price index in industry for products sold on the French market between August 2016 and September 2016 has been revised upwards by 0.2 points: published at the end of October equal to 0.1%, it has been updated to 0.3%

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.