In March 2017, further decrease in producer prices in industry (−0,5%)Industrial Producer and Import Price Indices - March 2017

On all markets (French market and foreign markets), producer prices in industry declined again in March 2017 (−0.5% after −0.4% in February). Year over year, they slowed down (+3.1% after +3.9%).

Informations rapides
No 116
Paru le : 28/04/2017
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

Producer prices in French industry: −0.5% in March

On all markets (French market and foreign markets), producer prices in industry declined again in March 2017 (−0.5% after −0.4% in February). Year over year, they slowed down (+3.1% after +3.9%).

FRENCH MARKET: −0.5%

In March, French producer prices in industry for the French market went down again (−0.5% after −0.3%), due to the prices of refined petroleum products and, to a lesser extent, to that of mining and quarrying products, energy and water. Prices increased slightly or were virtually stable in other sectors.

Sharp downturn in prices of refined petroleum products

In March, the prices of refined petroleum products shrank (−6.8% after +1.1%) in the wake of the Brent price. The decline in prices involved all refined petroleum products but was sharper for gas oils. Year over year, refined petroleum product prices kept soaring (+34.0% after +65.6%).

Fall in prices of mining and quarrying products, energy and water

In March, the prices of mining and quarrying products, energy and water fell again (−1.1%) but less strongly than in the previous month (−2.4%). Prices in wholesale markets for electricity and gas kept declining. However, year over year, prices of mining and quarrying products, energy and water grew by 3.5%.

Slight rise in food prices

In March, food prices kept increasing slightly (+0.2% after +0.3%). By product, prices variations ranged from +0.9% for meats to −1.4% for other prepared and preserved fruit and vegetable products. Year over year, the prices recover has been confirmed (+1.1% after +0.4%).

Slight increase in prices of “other industrial products”

In March, the prices of “other industrial products” rose at a more moderate pace than in February (+0.2% after +0.4%). The prices of basic metals and metallic products continued to rise driven by metal prices. The prices for rubber and plastic products went up sligthly, above all because of pressures on raw material supplies. Prices of other products in this sector were virtually stable or went down.

FOREIGN MARKETS: −0.6%

The producer prices of French industrial products sold on foreign markets declined by −0.6% in March (as in February), due to energy products (mining and quarrying products, energy and water and to a lesser extent, refined petroleum products). Export prices were virtually stable in other sectors. Year over year, they increased by 3.4% (after +4.2% in February).

Import price indices of industrial products: −0.5% in March

In March, the import prices of industrial products fell back (−0.5% after +0.5%) due to refined petroleum product prices. However, transport equipment and “other industrial products” became more expensive. Year over year, import prices kept growing sharply (+4.9%).

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 Mar.17 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 104.8 –0.5 2.9
(DE) Mining and quarrying, energy, water 193 111.6 –1.1 3.5
CZ: Manufactured prod. 807 102.7 –0.3 2.8
(C1) Food products, beverages, tobacco 188 108.1 0.2 1.1
(C2) Coke and refined petroleum products 53 89.4 –6.8 34.0
(C3) Electrical & electronic equip., computers, mach. 71 101.4 0.1 0.4
(C4) Transport equipment 124 104.0 0.2 0.1
(C5) Other man. products 371 102.1 0.2 2.3
Foreign markets
BE:TOTAL INDUSTRY 1000 103.9 –0.6 3.4
(DE) Mining and quarrying, energy, water 32 90.4 –13.1 14.0
CZ: Manufactured prod. 968 104.4 –0.1 3.1
(C1) Food products, beverages, tobacco 122 115.5 0.1 2.2
(C2) Coke and refined petroleum products 26 83.6 –5.6 30.2
(C3) Electrical & electronic equip., computers, mach. 180 100.3 0.1 0.9
(C4) Transport equipment 169 104.9 0.1 –0.6
(C5) Other man. products 471 103.9 0.1 4.0
All markets
BE:TOTAL INDUSTRY 1000 104.0 –0.5 3.1
(DE) Mining and quarrying, energy, water 159 110.6 –1.6 4.0
CZ: Manufactured prod. 841 102.8 –0.2 2.9
(C1) Food products, beverages, tobacco 175 109.4 0.2 1.3
(C2) Coke and refined petroleum products 49 87.7 –6.6 33.5
(C3) Electrical & electronic equip., computers, mach. 85 99.9 0.1 0.6
(C4) Transport equipment 123 104.5 0.2 0.0
(C5) Other man. products 409 102.5 0.2 2.8
  • 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 Mar.17 In 1 month In 1 year
BE:TOTAL INDUSTRY 1000 98.1 –0.5 4.9
CZ: Manufactured prod. s 100.1 0.0 3.2
(C1) Food products, beverages, tobacco 71 116.8 0.0 4.4
(C2) Coke and refined petroleum products 53 85.0 –6.4 34.5
(C3) Electrical & electronic equip., computers, mach. 225 96.1 0.0 –0.2
(C4) Transport equipment 147 97.9 0.7 0.5
(C5) Other manufactured products s 102.8 0.3 3.1
  • nd: non available ; s : confidential
  • Source: INSEE

Table3 – Revision of variations

In %
Revision of variations
Dec.16 / Nov.16 Jan.17 / Dec.16 Feb.17 / Jan.17
French producer prices in industry sold on:
- the French market // // –0.1
- the foreign markets // // +0.1
- all markets // // //
Import prices of industrial products // // +0.1
  • How to read it: the change in the producer price index in industry for products sold on the French market between January 2017 and February 2017 has been revised by −0.1 points : published at the end of March equal to −0.2%, it has been updated to −0.3%.

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.