In December 2016, further increase in producer prices in industry (+1.0%)Industrial Producer and Import Price Indices - December 2016

On all markets (French market and foreign markets), producer prices in industry sped up in December 2016 (+1.0% after +0.6% in November). Year over year, producer prices recovered clearly: +1.7% after −0.4%. This has been the sharpest year-on-year rise since April 2013.

Informations rapides
No 30
Paru le : 31/01/2017
Prochaine parution le : 31/10/2017 at 08:45 - September 2017

Producer prices in French industry: +1.0% in December

On all markets (French market and foreign markets), producer prices in industry sped up in December 2016 (+1.0% after +0.6% in November). Year over year, producer prices recovered clearly: +1.7% after −0.4%. This has been the sharpest year-on-year rise since April 2013.

FRENCH MARKET: +0.9%

In December, French producer prices in industry for the French market continued to grow (+0.9% after +0.7% in November and in October). The rise is attributable to energy products, while the prices were virtually stable in other sectors.

Strong rebound in prices for refined petroleum products

In December, the prices of refined petroleum products bounced back significantly (+15.3%) after a downturn in November (−5.4% after +10.7% in October). The rise was particularly sharp for gasoils, jet fuels and medium oils like naphta. Year over year, refined petroleum products prices went through the roof, regarding the December 2015 low levels (+42.2%).

Slowdown in prices for other energy products

In December, the prices of mining and quarrying products, energy and water kept growing but at a more moderate pace (+0.8% after +3.9% in November). Gas prices slowed down despite the raise in regulated tariffs on 1st December. Moreover, electricity prices grew less than in November thanks to the restart of several nuclear units

Virtual stability in food prices

In December as in November, food prices were virtually stable (+0.1%). By product, price variations ranged from +2.1% for prepared and preserved fish, including smoked salmon, to −1.2% for preserved fruit and vegetable products.

Virtual stability in prices for “other industrial products”

The prices of “other industrial products” were virtually stable again (+0.1% in December as in November). Prices of rubber products and basic metals and metallic products continued to rise. On the other hand, prices of chemical products decreased, despite the upswing in oil prices. The prices of other products of this category were stable or virtually stable.

FOREIGN MARKETS: +1.1%

The producer prices of French industrial products sold on foreign markets gained pace in December (+1.1% after +0.5%). Prices rose in all major sectors except for transport equipment. Year over year, export prices picked up (+1.7% in December after −0.2% in November).

Import price indices of industrial products: +1.8% in December

In December, the import prices of industrial products recovered (+1.8% after +0.0%). All products became more expensive. Import prices were significantly higher than a year ago (+2.8%).

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 Dec.16 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 104.7 0.9 1.7
(DE) Mining and quarrying, energy, water 193 113.0 0.8 1.3
CZ: Manufactured prod. 807 102.2 0.9 1.7
(C1) Food products, beverages, tobacco 188 107.6 0.1 –0.5
(C2) Coke and refined petroleum products 53 93.4 15.3 42.2
(C3) Electrical & electronic equip., computers, mach. 71 101.0 0.1 –0.2
(C4) Transport equipment 124 103.8 0.1 –0.1
(C5) Other man. products 371 100.8 0.1 0.1
Foreign markets
BE:TOTAL INDUSTRY 1000 103.7 1.1 1.7
(DE) Mining and quarrying, energy, water 32 115.4 10.0 28.7
CZ: Manufactured prod. 968 103.3 0.8 0.8
(C1) Food products, beverages, tobacco 122 115.5 1.9 1.4
(C2) Coke and refined petroleum products 26 86.7 9.7 25.7
(C3) Electrical & electronic equip., computers, mach. 180 99.9 0.4 –0.2
(C4) Transport equipment 169 104.8 –0.8 –0.4
(C5) Other man. products 471 101.6 0.6 0.1
All markets
BE:TOTAL INDUSTRY 1000 103.9 1.0 1.7
(DE) Mining and quarrying, energy, water 159 113.2 1.3 2.4
CZ: Manufactured prod. 841 102.1 0.8 1.4
(C1) Food products, beverages, tobacco 175 109.0 0.4 –0.2
(C2) Coke and refined petroleum products 49 91.5 14.4 39.3
(C3) Electrical & electronic equip., computers, mach. 85 99.5 0.2 –0.2
(C4) Transport equipment 123 104.3 –0.2 –0.2
(C5) Other man. products 409 100.9 0.2 0.1
  • 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 Dec.16 In 1 month In 1 year
BE:TOTAL INDUSTRY 1000 97.6 1.8 2.8
CZ: Manufactured prod. s 99.6 1.0 1.6
(C1) Food products, beverages, tobacco 71 115.8 0.5 3.5
(C2) Coke and refined petroleum products 53 88.1 15.8 36.4
(C3) Electrical & electronic equip., computers, mach. 225 96.2 0.3 –1.0
(C4) Transport equipment 147 97.1 0.2 –0.9
(C5) Other manufactured products s 101.9 0.5 0.8
  • nd: non available ; s : confidential
  • Source: INSEE

Table3 – Revision of variations

In %
Revision of variations
Sep.16 / Aug.16 Oct.16 / Sep.16 Nov.16 / Oct.16
French producer prices in industry sold on:
- the French market // –0.2 –0.1
- the foreign markets –0.1 // +0.2
- all markets // –0.1 –0.1
Import prices of industrial products // +0.2 //
  • How to read it: the change in the producer price index in industry for products sold on the French market between October and November 2016 has been revised by −0.1 points: published at the end of November equal to +0.8%, it has been updated to +0.7%.

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