In April 2017, producer prices in industry continued to decline (−0,4%)Industrial Producer and Import Price Indices - April 2017

On all markets (French market and foreign markets), producer prices in industry declined again in April 2017 (−0.4% after −0.3% in February). Year over year, they grew by 3.3% (after +3.2%).

Informations rapides
No 144
Paru le : 31/05/2017
Prochaine parution le : 31/10/2017 at 08:45 - September 2017

Producer prices in French industry: −0.4% in April

On all markets (French market and foreign markets), producer prices in industry declined again in April 2017 (−0.4% after −0.3% in February). Year over year, they grew by 3.3% (after +3.2%).

FRENCH MARKET: −0.6%

In April, French producer prices in industry for the French market went down again (−0.6% after −0.3%), due to the seasonal slowdown in prices of mining and quarrying products, energy and water. Conversely, prices of refined petroleum products bounced back and food prices and that of “other industrial products “ kept strengthening.

Rebound in prices of refined petroleum products

In April, the prices of refined petroleum products bounced back (+3.2% after −6.1%) in the wake of the petroleum price recover. The most significant price increases occurred for fuels (petrol fuel and gas oil). Year over year, refined petroleum product price rise remained strong (+33.5% after +34.3%).

Seasonnal downturn in prices of mining and quarrying products, energy and water

The prices of mining and quarrying products, energy and water declined, as each year in April (−4.0% in 2017), due to changeover to summer rates for electricity transport and, to a lesser extent, to the decreases in prices for electricity and gas trading. Year over year, the rise was alike to that of the previous month (+4.1% after +4.2%).

Slight strenghtening in food prices

In April, food prices strengthened slightly(+0.3% after +0.1%). Main rises occurred for processed and preserved meat and for prepared and preserved fruit and vegetable products. Year over year, food prices sped up again (+1.4% after +1.0%).

Further moderate increase in prices of “other industrial products”

In April, the prices of “other industrial products” kept rising at a moderate pace (+0.2% after +0.3%). The prices of basic metals and metallic products and that of chemical products continued to rise, driven by raw material prices. Prices of other products in this sector were stable or virtually stable.

FOREIGN MARKETS: +0.1%

The producer prices of French industrial products sold on foreign markets were virtually stable in April (+0.1% after −0.5%). Price rises of “other indictrial products” and that of petroleum products were almost offset by decreases in the prices of food and of mining and quarrying products, energy and water. Export prices of other products were virtually stable. Year over year, export prices went up by 3.3% (after +3.1%).

Import price indices of industrial products: +0.1% in April

In April, the import prices of industrial products were virtually stable (−0.1% after −0.3%). Year over year, they were quite as buoyant as the previous month(+4.9% after +5.0%).

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 Apr.17 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 104.4 –0.6 3.3
(DE) Mining and quarrying, energy, water 193 107.8 –4.0 4.1
CZ: Manufactured prod. 807 103.2 0.4 3.1
(C1) Food products, beverages, tobacco 188 108.3 0.3 1.4
(C2) Coke and refined petroleum products 53 92.5 3.2 33.5
(C3) Electrical & electronic equip., computers, mach. 71 101.2 0.0 0.3
(C4) Transport equipment 124 104.0 0.0 0.2
(C5) Other man. products 371 102.5 0.2 2.6
Foreign markets
BE:TOTAL INDUSTRY 1000 103.8 0.1 3.3
(DE) Mining and quarrying, energy, water 32 79.9 –5.8 4.0
CZ: Manufactured prod. 968 104.5 0.3 3.1
(C1) Food products, beverages, tobacco 122 115.4 –0.3 3.3
(C2) Coke and refined petroleum products 26 85.3 2.6 26.2
(C3) Electrical & electronic equip., computers, mach. 180 100.2 –0.1 0.7
(C4) Transport equipment 169 104.9 0.1 –0.5
(C5) Other man. products 471 104.1 0.4 4.1
All markets
BE:TOTAL INDUSTRY 1000 103.7 –0.4 3.3
(DE) Mining and quarrying, energy, water 159 106.7 –4.0 4.4
CZ: Manufactured prod. 841 103.1 0.3 3.1
(C1) Food products, beverages, tobacco 175 109.6 0.2 1.8
(C2) Coke and refined petroleum products 49 90.5 3.1 32.3
(C3) Electrical & electronic equip., computers, mach. 85 99.7 –0.1 0.4
(C4) Transport equipment 123 104.5 0.0 0.0
(C5) Other man. products 409 102.9 0.3 3.0
  • 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 Apr.17 In 1 month In 1 year
BE:TOTAL INDUSTRY 1000 98.1 –0.1 4.9
CZ: Manufactured prod. s 100.2 0.1 3.4
(C1) Food products, beverages, tobacco 71 116.8 0.4 4.8
(C2) Coke and refined petroleum products 53 86.3 2.0 34.0
(C3) Electrical & electronic equip., computers, mach. 225 96.6 0.1 0.9
(C4) Transport equipment 147 98.1 0.2 0.8
(C5) Other manufactured products s 102.7 –0.1 3.1
  • nd: non available ; s : confidential
  • Source: INSEE

Table3 – Revision of variations

In %
Revision of variations
Jan.17 / Dec.16 Feb.17 / Jan.17 Mar.17 / Feb.17
French producer prices in industry sold on:
- the French market –0.1 +0.1 +0.2
- the foreign markets –0.1 –0.1 +0.1
- all markets –0.1 // +0.2
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 February 2017 and March 2017 has been revised by 0.2 points: Published last month equal to −0.5%, 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.