21 December 2016
2016- n° 338In November 2016, increase in producer prices in industry (+0.7%) Industrial Producer and Import Price Indices - November 2016
On all markets (French market and foreign markets), producer prices in industry continued to rise in November 2016 (+0.7%), but at a slower pace than in October (+0.9%). Year over year, the producer price decline eased (−0.2% after −0.8%).
Producer prices in French industry: +0.7% in November
On all markets (French market and foreign markets), producer prices in industry continued to rise in November 2016 (+0.7%), but at a slower pace than in October (+0.9%). Year over year, the producer price decline eased (−0.2% after −0.8%).
FRENCH MARKET: +0.8%
In November, French producer prices in industry for the French market increased again (+0.8% after +0.9% in October). The rise is mainly due to energy products excluding refined petroleum products.
Downturn in prices for refined petroleum products
In November, the prices of refined petroleum products declined after two consecutive months of increase (−5.4% after +10.7% in October). The fall was sharp for gasoil, jet fuels and medium oils like naphta. Year over year, refined petroleum products prices increased again but at a lesser pace than in the previous month (+2.7% after +8.8% in October).
Increase in prices for other energy products
In November, the prices of mining and quarrying products, energy and water, on the rise for the sixth consecutive month, accelerated sharply (+4.6% after +1.8% in October and +0.7% in September). The increase was mainly due to the switch to the winter rate in electricity transmission and, to a lesser extent, to rises in prices in wholesale markets for gas and electricity.
Virtual stability in food prices
In November, food prices were virtually stable (+0.1% after +0.2%). The increase in prices for oils and fats and for dairy products were almost offset by the fall in prices for bread and fresh pastries. Year over year, food prices remained declining (−0.8%).
Virtual stability in prices for “other industrial products”
The prices of “other industrial products” were virtually stable (+0.1% in November after +0.2% in October). Prices of chemical products and basic metals products kept growing. On the contrary, the prices of rubber products and of paper industry products went down slightly. The prices of other products of this category were stable or virtually stable.
FOREIGN MARKETS: +0.3%
The producer prices of French industrial products sold on foreign markets continued to rise in November but at a lower rate than in October (+0.3% after +0.8%). Prices increased in all major sectors except for petroleum refining industry. Year over year, export prices remained on a modest decline trend (−0.3% in November after −0.4% in October).
Import price indices of industrial products: 0.0% in November
In November, the import prices of industrial products held steady (0.0% after +0.9%). Prices went up or were virtually stable for all products except for refined petroleum products, in decline. Import prices remained lower than a year ago (−0.8%).
graphiqueGraph1 – Total Industry price indices
graphiqueGraph2 – Producer price indices of manufactured products sold on the French market
graphiqueGraph3 – Import price indices of manufactured products
tableauTable1 – 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 | Nov.16 | In 1 month | In 1 year |
French market | ||||
BE:TOTAL INDUSTRY | 1000 | 104.1 | 0.8 | –0.2 |
(DE) Mining and quarrying, energy, water | 193 | 113.7 | 4.6 | 0.3 |
CZ: Manufactured prod. | 807 | 101.3 | –0.2 | –0.3 |
(C1) Food products, beverages, tobacco | 188 | 107.4 | 0.1 | –0.8 |
(C2) Coke and refined petroleum products | 53 | 81.0 | –5.4 | 2.7 |
(C3) Electrical & electronic equip., computers, mach. | 71 | 100.8 | –0.1 | –0.6 |
(C4) Transport equipment | 124 | 103.8 | 0.1 | –0.3 |
(C5) Other man. products | 371 | 100.7 | 0.1 | –0.2 |
Foreign markets | ||||
BE:TOTAL INDUSTRY | 1000 | 102.5 | 0.3 | –0.3 |
(DE) Mining and quarrying, energy, water | 32 | 104.8 | 2.5 | 8.8 |
CZ: Manufactured prod. | 968 | 102.4 | 0.2 | –0.6 |
(C1) Food products, beverages, tobacco | 122 | 113.3 | 0.3 | –1.0 |
(C2) Coke and refined petroleum products | 26 | 77.0 | –4.3 | 0.7 |
(C3) Electrical & electronic equip., computers, mach. | 180 | 99.7 | 0.2 | –0.5 |
(C4) Transport equipment | 169 | 105.4 | 0.1 | 0.2 |
(C5) Other man. products | 471 | 101.0 | 0.5 | –0.9 |
All markets | ||||
BE:TOTAL INDUSTRY | 1000 | 103.1 | 0.7 | –0.2 |
(DE) Mining and quarrying, energy, water | 159 | 113.3 | 4.5 | 0.6 |
CZ: Manufactured prod. | 841 | 101.2 | –0.1 | –0.4 |
(C1) Food products, beverages, tobacco | 175 | 108.5 | 0.1 | –0.8 |
(C2) Coke and refined petroleum products | 49 | 79.7 | –5.1 | 2.0 |
(C3) Electrical & electronic equip., computers, mach. | 85 | 99.3 | 0.0 | –0.5 |
(C4) Transport equipment | 123 | 104.4 | 0.0 | –0.3 |
(C5) Other man. products | 409 | 100.7 | 0.3 | –0.4 |
- Source: INSEE
tableauTable2 – Import prices of industrial products
Change in % | ||||
---|---|---|---|---|
Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 | Weight | Nov.16 | In 1 month | In 1 year |
BE:TOTAL INDUSTRY | 1000 | 95.8 | 0.0 | –0.8 |
CZ: Manufactured prod. | s | 98.5 | 0.2 | –0.5 |
(C1) Food products, beverages, tobacco | 71 | 115.3 | 0.1 | 3.2 |
(C2) Coke and refined petroleum products | 53 | 76.0 | –4.9 | –1.7 |
(C3) Electrical & electronic equip., computers, mach. | 225 | 95.8 | 0.3 | –1.4 |
(C4) Transport equipment | 147 | 96.9 | 0.1 | –1.5 |
(C5) Other manufactured products | s | 101.2 | 0.6 | –0.2 |
- nd: non available ; s : confidential
- Source: INSEEl
tableauTable3 – Revision of variations
Aug.16 / Jul.16 | Sep.16 / Aug.16 | Oct.16 / Sep.16 | |
---|---|---|---|
French producer prices in industry sold on: | |||
- the French market | // | // | +0.1 |
- the foreign markets | // | // | // |
- all markets | // | –0.1 | +0.1 |
Import prices of industrial products | // | –0.1 | –0.2 |
- How to read it: the change in the producer price index in industry for products sold on the French market between September 2016 and October 2016 has been revised upwards by 0.1 points: published at the end of November equal to 0.8%, it has been updated to 0.9%.
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.