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

On all markets (French market and foreign markets), producer prices in industry went down for the fourth month in a row in May 2017 (−0.5% after −0.3% in April). Year over year, they kept rising (+2.3% after +3.2%).

Informations rapides
No 174
Paru le : 30/06/2017
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

Producer prices in French industry: −0.5% in May

On all markets (French market and foreign markets), producer prices in industry went down for the fourth month in a row in May 2017 (−0.5% after −0.3% in April). Year over year, they kept rising (+2.3% after +3.2%).

FRENCH MARKET: −0.6%

In May, French producer prices in industry for the French market declined again (−0.6% after −0.5%), due to mining and quarrying products, energy and water and refined petroleum products. Prices were stable or virtually stable in the other great industrial sectors.

Downturn in prices of refined petroleum products

In May, the prices of refined petroleum products shrinked (−6.9% after +3.1%) in the wake of the petroleum price. The decrease was mainly due to gas oils and, to a lesser extent, to jet fuels. Refined petroleum product prices remained higher than the year before (+10.7%) but this increase eased (+33.3% in the previous month).

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

The prices of mining and quarrying products, energy and water declined again (−1.5% in May after −3.5% in April). The main decreases were transport and trading of electricty aimed to energy-intesive companies and, to a lesser extent, gas trading.

Virtual stability in food prices

In May, food prices were virtually stable (+0.1% after +0.3%). By product, variations ranged from +0.4% for meat products to −0.5% for prepared feeds for farm animals. Year over year, food prices ramped up again (+1.8% after +1.5%).

Virtual stability in prices of “other industrial products”

In May, the prices of “other industrial products” were almost unchanged (+0.1% after +0.2%). A slight rise in rubber and plastic products was virtually offset by a moderate drop in prices basic metals and metallic products. Year over year, prices of “other industrial products” remained strong (+2.5% after +2.6%).

FOREIGN MARKETS: −0.3%

The producer prices of French industrial products sold on foreign markets fell back in May (−0.3% after +0.1%). Prices went down or were virtually stable in all sectors except for mining and quarrying products, energy and water industries. Year over year, export prices slowed down ( +2.6% after +3.3%).

Import price indices of industrial products: −0.9% in May

In May, the import prices of industrial products fell (−0.9% after −0.1%). The sharpest drops were related to metal products and refined products. To the contrary, prices of imported food products kept growing. Year over year, import prices slowed down (+2.9% after +4.8%).

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 May 17 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 103.7 –0.6 2.1
(DE) Mining and quarrying, energy, water 193 105.6 –1.5 2.1
CZ: Manufactured prod. 807 102.8 –0.4 2.1
(C1) Food products, beverages, tobacco 188 108.5 0.1 1.8
(C2) Coke and refined petroleum products 53 86.0 –6.9 10.7
(C3) Electrical & electronic equip., computers, mach. 71 101.2 0.0 0.3
(C4) Transport equipment 124 104.0 0.1 0.2
(C5) Other man. products 371 102.6 0.1 2.5
Foreign markets
BE:TOTAL INDUSTRY 1000 103.5 –0.3 2.6
(DE) Mining and quarrying, energy, water 32 84.0 5.1 6.7
CZ: Manufactured prod. 968 104.0 –0.4 2.3
(C1) Food products, beverages, tobacco 122 115.2 –0.3 3.3
(C2) Coke and refined petroleum products 26 80.9 –5.0 6.7
(C3) Electrical & electronic equip., computers, mach. 180 100.1 –0.1 0.6
(C4) Transport equipment 169 104.8 –0.1 –0.6
(C5) Other man. products 471 103.7 –0.3 3.6
All markets
BE:TOTAL INDUSTRY 1000 103.1 –0.5 2.3
(DE) Mining and quarrying, energy, water 159 104.8 –1.3 2.5
CZ: Manufactured prod. 841 102.7 –0.4 2.1
(C1) Food products, beverages, tobacco 175 109.7 0.0 2.0
(C2) Coke and refined petroleum products 49 84.5 –6.6 10.0
(C3) Electrical & electronic equip., computers, mach. 85 99.7 –0.1 0.4
(C4) Transport equipment 123 104.4 0.0 –0.1
(C5) Other man. products 409 102.8 –0.1 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 May 17 In 1 month In 1 year
BE:TOTAL INDUSTRY 1000 97.1 –0.9 2.9
CZ: Manufactured prod. s 99.5 –0.6 2.2
(C1) Food products, beverages, tobacco 71 117.2 0.3 4.6
(C2) Coke and refined petroleum products 53 79.1 –8.1 8.5
(C3) Electrical & electronic equip., computers, mach. 225 95.9 –0.2 0.3
(C4) Transport equipment 147 98.0 0.0 0.7
(C5) Other manufactured products s 102.3 –0.4 2.6
  • nd: non available ; s : confidential
  • Source: INSEE

Table3 – Revision of variations

In %
Revision of variations
Feb.17 / Jan.17 Mar.17 / Feb.17 Apr.17 / Mar.17
French producer prices in industry sold on:
- the French market –0.1 –0.1 +0.1
- the foreign markets // // //
- all markets // –0.2 +0.1
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 March 2017 and April 2017 has been revised by 0.1 points: Published last month equal to −0.6%, it has been updated to −0.5%.