Insee conjoncture

In October 2017, further increase in producer prices in industry (+0.3%)Industrial Producer and Import Price Indices - October 2017

On all markets (French market and foreign markets), producer prices in industry increased by 0.3% in October 2017 (+0.5% in September). Year over year, they slowed down (+1.4% after +1.9% in September).

Informations rapides N° 314
No 314
Principaux indicateurs
Paru le : 30/11/2017
Prochaine parution le : 28/09/2018 at 08:45 - August 2018

Producer prices in French industry: +0.3% in October

On all markets (French market and foreign markets), producer prices in industry increased by 0.3% in October 2017 (+0.5% in September). Year over year, they slowed down (+1.4% after +1.9% in September).

FRENCH MARKET: +0.2%

In October, French producer prices in industry for the French market increased again, but more moderately than in September (+0.2% after +0.4%). Prices rose or were stable or virtually stable in all the main industrial sectors except for food products.

Slowdown in prices of refined petroleum products

In October, the prices of refined petroleum products kept increasing after a sharp growth in September (+1.3% after +7.0%). The rise involved all refined petroleum products and especially gas oil. Year over year, prices of refined petroleum products slowed down (+6.4% after +16.3% in September).

Further increase in prices of mining and quarrying products, energy and water

In October, the prices of mining and quarrying products, energy and water rose for the fifth month in a row (+0.7% after +0.3% in September). This increase came mainly from rises in the wholesale markets for electricity and gas. Year over year, the prices of mining and quarrying products, energy and water rose by 0.7%.

Further dip in food prices

In October, food prices decreased again (−0.3% after −0.2% in September). The dip was mainly due to sugar, related to the end of production quotas in Europe and, to a lesser extent, to processed meats. Year over year, food products slowed down (+1.0% after +1.6% in September).

Slight rise in prices of “other industrial products”

In October, the prices of “other industrial products” grew by 0.2%, as in September. The rise was mainly caused by basic metals and metallic products and by rubber and plastic products, following the raw material prices. Year over year, prices of “other industrial products” remained buoyant (+2.2% as in September).

FOREIGN MARKETS: +0.6%

In October, the producer prices of French industrial products sold on foreign markets kept rising (+0.6% after +0.5% in September). This rise was mainly thanks to the sustained growth of prices of mining and quarrying products, energy and water and, to a lesser extent, to higher prices of “other industrial products” and refined petroleum products. Year over year, export prices of industrial products kept growing (+1.4%).

Import price indices of industrial products: +0.3% in October

In October, the import prices of industrial products slowed down (+0.3% after +0.8%). Sharp increases of refined petroleum product and “other industrial product” were lessened by the declines in food prices and transport equipment prices. Year over year, import prices slowed down again (+1.9% after +2.5%).

Graph1 – Total Industry price indices

  • Reference year: 2010
  • Source: INSEE

Graph2 – Producer price indices of manufactured products sold on the French market

  • Reference year: 2010
  • Source: INSEE

Graph3 – Import price indices of manufactured products

  • Reference year: 2010
  • 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 Oct.17 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 104.6 0.2 1.5
(DE) Mining and quarrying, energy, water 197 108.5 0.7 0.7
CZ: Manufactured prod. 803 103.2 0.1 1.7
(C1) Food products, beverages, tobacco 192 108.5 –0.3 1.0
(C2) Coke and refined petroleum products 54 91.1 1.3 6.4
(C3) Electrical & electronic equip., computers, mach. 71 100.6 –0.1 –0.3
(C4) Transport equipment 121 104.2 0.0 0.5
(C5) Other man. products 365 102.8 0.2 2.2
Foreign markets
BE:TOTAL INDUSTRY 1000 103.4 0.6 1.4
(DE) Mining and quarrying, energy, water 25 98.8 18.9 –3.3
CZ: Manufactured prod. 975 103.5 0.2 1.4
(C1) Food products, beverages, tobacco 106 114.1 –0.3 0.8
(C2) Coke and refined petroleum products 47 84.0 2.6 4.6
(C3) Electrical & electronic equip., computers, mach. 177 99.3 0.1 –0.1
(C4) Transport equipment 183 104.9 0.0 –0.5
(C5) Other man. products 462 102.9 0.3 2.7
All markets
BE:TOTAL INDUSTRY 1000 103.7 0.3 1.4
(DE) Mining and quarrying, energy, water 152 108.2 1.4 0.6
CZ: Manufactured prod. 848 102.9 0.2 1.6
(C1) Food products, beverages, tobacco 170 109.5 –0.3 0.9
(C2) Coke and refined petroleum products 52 89.2 1.7 6.2
(C3) Electrical & electronic equip., computers, mach. 99 99.0 0.0 –0.3
(C4) Transport equipment 137 104.6 0.0 0.2
(C5) Other man. products 390 102.7 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 Oct.17 In 1 month In 1 year
BE:TOTAL INDUSTRY 1000 97.7 0.3 1.9
CZ: Manufactured prod. s 99.7 0.1 1.3
(C1) Food products, beverages, tobacco 69 116.3 –0.7 1.0
(C2) Coke and refined petroleum products 48 87.1 1.9 9.3
(C3) Electrical & electronic equip., computers, mach. 223 95.3 –0.1 –0.2
(C4) Transport equipment 164 97.5 –0.8 0.7
(C5) Other manufactured products s 102.4 0.6 1.7
  • nd: non available ; s : confidential
  • Source: INSEE

Table3 – Revision of variations

In %
Revision of variations
Jul.17 / Jun.17 Aug.17 / Jul.17 Sep.17 / Aug.17
French producer prices in industry sold on:
- the French market +0.1 // –0.1
- the foreign markets // // //
- all markets +0.1 –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 August 2017 and September 2017 has been revised by –0.1 points: published last month equal to 0.5%, it has been updated to +0.4%.