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

On all markets (French market and foreign markets), producer prices in industry declined for the fifth month in a row in June 2017 (−0.4% after −0.6% in May). Year over year, they kept increasing but more slowly than in May (+1.5% after +2.3%).

Informations rapides
No 196
Paru le : 25/07/2017
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

Producer prices in French industry: −0.4% in June

On all markets (French market and foreign markets), producer prices in industry declined for the fifth month in a row in June 2017 (−0.4% after −0.6% in May). Year over year, they kept increasing but more slowly than in May (+1.5% after +2.3%).

FRENCH MARKET: −0.4%

In June, French producer prices in industry for the French market went down again (−0.4% after −0.6 %). They were mainly driven downward by refined petroleum products while the prices remained on the rise or virtually stable in the other main industrial sectors.

Further decrease in prices of refined petroleum products

In June, the prices of refined petroleum products fell sharply again (−7.7% after −6.7%) in the wake of the petroleum price. The decrease involved all refined petroleum products apart from lubricating oils. Year over year, prices of refined petroleum products shrank (−2.0% after +10.8% the previous month).

Virtual stability in prices of mining and quarrying products, energy and water

The prices of mining and quarrying products, energy and water were virtually stable (+0.1% in June after −1.6% in May). The rise in electricity price was offset by the drop in prices of gas trading and of steam and air conditionning supply services.

Virtual stability in food prices

In June, food prices were virtually stable as in May (+0.1%). By product, variations ranged from +2.0% for prepared and preserved fruit and vegetable products to −1.7% for vegetable and animal oils and fats. Year over year, food prices increased by 1.7% after 1.8% in May.

Virtual stability in prices of “other industrial products”

In June, the prices of “other industrial products” were almost unchanged (−0.1% after +0.0%). Prices of chemical products declined in the wake of the petroleum price. Prices of other products were stable or virtually stable. Year over year, prices of “other industrial products” remained increasing (+2.0%).

FOREIGN MARKETS: −0.5%

The producer prices of French industrial products sold on foreign markets kept declining in June (−0.5% after −0.3%). Prices went down or were virtually stable in all sectors. Year over year, export prices slowed down (+1.8% after +2.5%).

Import price indices of industrial products: −0.7% in June

In June, the import prices of industrial products dropped again (−0.7% after −0.8%). Imported product prices fell except for those of food products which continued to increase and those of transport equipment which remained virtually stable. Year over year, import prices slowed down (+1.7% after +3.0%).

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 Jun.17 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 103.4 –0.4 1.4
(DE) Mining and quarrying, energy, water 197 106.1 0.1 2.0
CZ: Manufactured prod. 803 102.4 –0.4 1.3
(C1) Food products, beverages, tobacco 192 108.6 0.1 1.7
(C2) Coke and refined petroleum products 54 79.5 –7.7 –2.0
(C3) Electrical & electronic equip., computers, mach. 71 101.5 0.3 0.3
(C4) Transport equipment 121 104.0 0.0 0.3
(C5) Other man. products 365 102.5 –0.1 2.0
Foreign markets
BE:TOTAL INDUSTRY 1000 102.9 –0.5 1.8
(DE) Mining and quarrying, energy, water 25 78.3 –6.8 –4.2
CZ: Manufactured prod. 975 103.5 –0.4 1.6
(C1) Food products, beverages, tobacco 106 115.3 0.1 3.2
(C2) Coke and refined petroleum products 47 77.1 –4.7 –0.6
(C3) Electrical & electronic equip., computers, mach. 177 99.8 –0.1 0.2
(C4) Transport equipment 183 104.9 0.1 –0.5
(C5) Other man. products 462 103.1 –0.5 2.8
All markets
BE:TOTAL INDUSTRY 1000 102.7 –0.4 1.5
(DE) Mining and quarrying, energy, water 152 105.0 –0.1 2.0
CZ: Manufactured prod. 848 102.3 –0.4 1.4
(C1) Food products, beverages, tobacco 170 109.8 0.1 1.9
(C2) Coke and refined petroleum products 52 78.7 –7.0 –1.5
(C3) Electrical & electronic equip., computers, mach. 99 99.7 0.1 0.2
(C4) Transport equipment 137 104.5 0.0 0.1
(C5) Other man. products 390 102.6 –0.2 2.3
  • 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 Jun.17 In 1 month In 1 year
BE:TOTAL INDUSTRY 1000 96.5 –0.7 1.7
CZ: Manufactured prod. s 99.2 –0.5 1.5
(C1) Food products, beverages, tobacco 69 117.7 0.4 4.3
(C2) Coke and refined petroleum products 48 74.2 –7.3 –2.2
(C3) Electrical & electronic equip., computers, mach. 223 95.7 –0.2 0.3
(C4) Transport equipment 164 98.2 0.1 0.9
(C5) Other manufactured products s 102.0 –0.5 2.1
  • nd: non available ; s : confidential
  • Source: INSEE

Table3 – Revision of variations

In %
Revision of variations
Mar.17 / Feb.17 Apr.17 / Mar.17 May 17 / Apr.17
French producer prices in industry sold on:
- the French market // +0,1 //
- the foreign markets –0,1 // //
- all markets // +0,1 –0,1
Import prices of industrial products // // +0,1
  • How to read it: the variation of the producer price index in industry for products sold on the French market between April 2017 and May 2017 is unchanged : −0.6%, as it was published in June.