31 August 2017

2017- n° 228

In July 2017, producer prices in industry were stable Industrial 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).

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.

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).

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%).

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).

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%).

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%).

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%).