In July 2017, producer prices in industry were stableIndustrial Producer and Import Price Indices - July 2017

On all markets (French market and foreign markets), producer prices in industry were stable in July 2017, after five consecutive months of decrease. Year over year, they kept rising (+1.5% after +1.6% in June).

Informations rapides
No 228
Paru le : 31/08/2017
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

Producer prices in French industry: 0.0% in July

On all markets (French market and foreign markets), producer prices in industry were stable in July 2017, after five consecutive months of decrease. Year over year, they kept rising (+1.5% after +1.6% in June).

FRENCH MARKET: +0.1%

In July, French producer prices in industry for the French market were virtually stable (+0.1% after −0.3%). The prices of mining and quarrying products, energy and water increased, whereas prices went down or were virtually stable in the other main industrial sectors.

Rebound in prices of refined petroleum products

In July, the prices of refined petroleum products picked up (+2.6% after −7.1%) in the wake of the petroleum price. The rise was especially pronounced for gas oil and jet fuels. However, prices of light oils continued to decrease. Year over year, prices of refined petroleum products took off (+8.9% after −1.5% in the previous month).

Slight rise in prices of mining and quarrying products, energy and water

In July, the prices of mining and quarrying products, energy and water increased by 0.2%, as in June. This slight rise was mainly caused by higher prices in the recovery of materials, linked to the rise in metal prices. Prices of electricity, gas, steam and air conditionning generation and supply were virtually stable. Year over year, the prices of mining and quarrying products, energy and water slowed down (+0.8% after +2.1%).

Virtual stability in food prices

In July, food prices were almost unchanged (+0.1% after +0.2% in June), for all products. Year over year, they slowed down (+1.5% after +1.8% in May as in June).

Slight dip in prices of “other industrial products”

In July, the prices of “other industrial products” decreased slightly (−0.2% as in June), mainly due to the decline in prices of chemical products. However, paper and printing products were more expensive as well as those of textile industry, apparel, leather and shoes with the arrival of the new collections. Prices of other products were stable or virtually stable. Year over year, prices of “other industrial products” were still on the rise but slowed down (+1.8% after +2.0%).

FOREIGN MARKETS: −0.1%

The producer prices of French industrial products sold on foreign markets were virtually stable in July (−0.1% after −0.6%). Prices dropped or were virtually stable in all sectors except for energy where they picked up sharply. Year over year, export prices of industrial products grew almost as much as in June (+1.5% after +1.6%).

Import price indices of industrial products: −0.3% in July

In July, the import prices of industrial products went down for the sixth month in a row (−0.3%). Imported product prices fell or were virtually stable except for those of food products and of refined petroleum products which continued to increase. Year over year, import prices slowed down again (+1.5% after +1.7%).

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 Jul.17 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 103.6 0.1 1.5
(DE) Mining and quarrying, energy, water 197 106.4 0.2 0.8
CZ: Manufactured prod. 803 102.5 0.1 1.7
(C1) Food products, beverages, tobacco 192 108.8 0.1 1.5
(C2) Coke and refined petroleum products 54 82.0 2.6 8.9
(C3) Electrical & electronic equip., computers, mach. 71 101.3 –0.1 0.3
(C4) Transport equipment 121 104.1 0.1 0.4
(C5) Other man. products 365 102.3 –0.2 1.8
Foreign markets
BE:TOTAL INDUSTRY 1000 102.6 –0.1 1.5
(DE) Mining and quarrying, energy, water 25 79.9 1.9 0.5
CZ: Manufactured prod. 975 103.2 –0.2 1.3
(C1) Food products, beverages, tobacco 106 114.7 –0.3 2.3
(C2) Coke and refined petroleum products 47 77.5 0.6 3.5
(C3) Electrical & electronic equip., computers, mach. 177 99.5 –0.3 0.0
(C4) Transport equipment 183 104.8 0.0 –0.4
(C5) Other man. products 462 102.7 –0.2 2.2
All markets
BE:TOTAL INDUSTRY 1000 102.8 0.0 1.5
(DE) Mining and quarrying, energy, water 152 105.3 0.2 0.9
CZ: Manufactured prod. 848 102.3 0.0 1.6
(C1) Food products, beverages, tobacco 170 109.8 –0.1 1.6
(C2) Coke and refined petroleum products 52 80.7 2.2 8.2
(C3) Electrical & electronic equip., computers, mach. 99 99.5 –0.2 0.2
(C4) Transport equipment 137 104.5 0.0 0.2
(C5) Other man. products 390 102.3 –0.2 1.9
  • 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 Jul.17 In 1 month In 1 year
BE:TOTAL INDUSTRY 1000 96.2 –0.3 1.5
CZ: Manufactured prod. s 99.1 –0.1 1.4
(C1) Food products, beverages, tobacco 69 118.3 0.3 4.3
(C2) Coke and refined petroleum products 48 75.3 1.9 8.2
(C3) Electrical & electronic equip., computers, mach. 223 95.7 –0.1 0.0
(C4) Transport equipment 164 98.1 0.0 0.7
(C5) Other manufactured products s 101.7 –0.4 1.2
  • nd: non available ; s : confidential
  • Source: INSEE

Table3 – Revision of variations

In %
Revision of variations
Apr.17 / Mar.17 May 17 / Apr.17 Jun.17 / May 17
French producer prices in industry sold on:
- the French market +0.1 –0.1 +0.1
- the foreign markets // –0.1 –0.1
- all markets // // +0.1
Import prices of industrial products // +0.1 –0.1
  • How to read it: the variation of the producer price index in industry for products sold on the French market between May 2017 and June 2017 has been revised by 0.1 points: publishad last month equal to −0.4%, it has been updated to −0.3%.