30 June 2017
2017- n° 174In 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%).
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%).
graphiqueGraph1 – Total Industry price indices
- Source: INSEE
graphiqueGraph2 – Producer price indices of manufactured products sold on the French market
- Source: INSEE
graphiqueGraph3 – Import price indices of manufactured products
- Source: INSEE
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 | 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
tableauTable2 – 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
tableauTable3 – 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%.
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