28 February 2017
2017- n° 55In 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%.
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.
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 | 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
tableauTable2 – 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
tableauTable3 – 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.
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