In January 2017, further increase in producer prices in industry (+1.0%)Industrial Producer and Import Price Indices - January 2017

On all markets (French market and foreign markets), producer prices in industry increased by 1.0% in January 2017 after +0.9% in December 2016. Year over year, they shot up: +3.6% after +1.6%.

Informations rapides
No 55
Paru le : 28/02/2017
Prochaine parution le : 31/05/2017 at 08:45 - April 2017

Erratum of 28 February 2017: this Informations Rapides replaces and supersedes the issue published on 28 February 2017 at 8:45 am, as the figures for year-on-year changes have been corrected in the text and in the tables.

Producer prices in French industry: +1.0% in January

On all markets (French market and foreign markets), producer prices in industry increased by 1.0% in January 2017 after +0.9% in December 2016. Year over year, they shot up: +3.6% after +1.6%.

FRENCH MARKET: +0.7%

In January, French producer prices in industry for the French market continued to grow sharply (+0.7% after +0.9% in December, +3.3% year over year). Prices went up in all major sectors except for transport equipment where prices were steady.

Moderate rise in prices for refined petroleum products

In January, prices for refined petroleum products slowed markedly after a strong rebound in December (+1.7% after +15.3%). All prices for refined petroleum products increased, especially those of naphtha and kerosene. Year over year, refined petroleum products prices rocketed (+63.1%).

Sharp growth for other energy products

In January, the prices for mining and quarrying products, energy and water sped up (+1.8% after +0.6% in December) particularly thanks to electricity prices. Gas prices also rose, particularly because of the raise of regulated tariffs on 1st January.

Slight increase in food prices

In January, food prices increased slightly (+0.2%) after two months of virtual stability. The rise was mainly attributable to prepared and preserved fish (+2.8%) and to dairy products (+1.9%). Year over year, prices went up by 0.2%.

Slight acceleration in prices for “other industrial products”

The prices for “other industrial products” accelerated a little in January (+0.5% after +0.2%). The prices for rubber products and those for basic metals and metallic products continued to rise, following the raw material price increases. The prices of “other manufactured products” also increased.

FOREIGN MARKETS: +1.6%

The producer prices of French industrial products sold on foreign markets picked up in January (+1.6% after +1.0%). Prices rose in all major sectors except transport equipment. Year over year, export prices grew by 3.8%.

Import price indices of industrial products: +0.6% in January

In January, the import prices of industrial products slowed down (+0.6% after +1.8% in December). Most products became more expensive. However, prices for transport equipment were stable and those for electrical and electronical equipment fell a little. Import prices were significantly higher than a year ago (+5.5%), especially those of refined petroleum products.

Graph1 – Total Industry price indices

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

Graph3 – Import price indices of manufactured products

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 Jan.17 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 105.4 0.7 3.3
(DE) Mining and quarrying, energy, water 193 114.8 1.8 4.8
CZ: Manufactured prod. 807 102.7 0.4 3.0
(C1) Food products, beverages, tobacco 188 107.8 0.2 0.2
(C2) Coke and refined petroleum products 53 94.9 1.7 63.1
(C3) Electrical & electronic equip., computers, mach. 71 101.6 0.7 0.6
(C4) Transport equipment 124 103.8 0.0 –0.2
(C5) Other man. products 371 101.4 0.5 1.1
Foreign markets
BE:TOTAL INDUSTRY 1000 105.2 1.6 3.8
(DE) Mining and quarrying, energy, water 32 137.2 19.3 71.9
CZ: Manufactured prod. 968 104.1 0.9 2.3
(C1) Food products, beverages, tobacco 122 116.1 0.7 2.0
(C2) Coke and refined petroleum products 26 91.2 5.7 47.3
(C3) Electrical & electronic equip., computers, mach. 180 100.3 0.4 0.4
(C4) Transport equipment 169 104.6 –0.2 –0.9
(C5) Other man. products 471 102.6 1.2 2.1
All markets
BE:TOTAL INDUSTRY 1000 104.8 1.0 3.6
(DE) Mining and quarrying, energy, water 159 115.9 2.6 6.8
CZ: Manufactured prod. 841 102.7 0.6 2.8
(C1) Food products, beverages, tobacco 175 109.3 0.3 0.6
(C2) Coke and refined petroleum products 49 93.5 2.3 60.4
(C3) Electrical & electronic equip., computers, mach. 85 100.0 0.6 0.5
(C4) Transport equipment 123 104.3 0.0 –0.3
(C5) Other man. products 409 101.6 0.7 1.4
  • 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 Jan.17 In 1 month In 1 year
BE:TOTAL INDUSTRY 1000 98.3 0.6 5.5
CZ: Manufactured prod. s 99.9 0.2 3.1
(C1) Food products, beverages, tobacco 71 116.5 0.6 3.6
(C2) Coke and refined petroleum products 53 90.1 2.6 67.8
(C3) Electrical & electronic equip., computers, mach. 225 96.0 –0.2 –0.7
(C4) Transport equipment 147 97.2 0.0 –0.3
(C5) Other manufactured products s 102.2 0.2 2.0
  • r: updated ; nd: non available ; s : confidential
  • Source: INSEE

Table3 – Revision of variations

In %
Revision of variations
Oct.16 / Sep.16 Nov.16 / Oct.16 Dec.16 / Nov.16
French producer prices in industry sold on:
- the French market // // //
- the foreign markets –0.1 // –0.1
- all markets // // –0.1
Import prices of industrial products // // //
  • How to read it: the variation of the producer price index in industry for products sold on the French market between November and December 2016 is unchanged : +0.9%, as it was published lin January

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.