Insee conjoncture

In November 2017, acceleration in producer prices in industry (+1.3%)Industrial Producer and Import Price Indices - November 2017

On all markets (French market and foreign markets), producer prices in industry gathered pace (+1.3% after +0.3% in October). Year over year, they also ramped up (+2.2% after +1.5% in October).

Informations rapides N° 343
No 343
Principaux indicateurs
Paru le : 22/12/2017
Prochaine parution le : 28/09/2018 at 08:45 - August 2018

Information: in accordance with the European directives, producer and import price indices will be broadcast in reference and base 100 in 2015 from February 28th 2018, release date of January 2018 results.

Producer prices in French industry: +1.3% in November

On all markets (French market and foreign markets), producer prices in industry gathered pace (+1.3% after +0.3% in October). Year over year, they also ramped up (+2.2% after +1.5% in October).

FRENCH MARKET: +1.4%

In November, French producer prices in industry for the French market grew sharply (+1.4% after +0.2%). The rise was mainly attributable to energy products.

Ramp-up in prices of refined petroleum products

In November, the prices of refined petroleum products sped up (+7.7% after +1.3%), in the wake of the price of Brent crude oil. The rise involved all refined petroleum products. Year over year, prices of refined petroleum products strengthened (+21.3% after +6.4% in October).

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

In November, mining and quarrying products, energy and water became more expensive for the sixth month in a row (+5.1% after +0.6% in October). The increase was mainly imputable to the switch to the winter rate in electricity transmission and, to a lesser extent, to rises in prices in wholesale markets for gas and electricity. Year over year, the prices of mining and quarrying products, energy and water increased sharply (+2.3% after +1.0%).

Virtual stability in food prices

Food prices were virtually stable (−0.1% in November as in October). The drop in prices of sugar and of prepared feeds for farm animals offset the rise in prices of processed and preserved meat and of other food products. Year over year, food products grew by 1.0%.

Virtual stability in prices of “other industrial products”

In October, the prices of “other industrial products” were almost unchanged (+0.1%, as in October). The rises in prices of chemical products and of pharmaceutical products offset the decrease in rubber and plastic product prices. Year over year, prices of “other industrial products” kept rising (+2.2% as in October).

FOREIGN MARKETS: +0.8%

In November, the producer prices of French industrial products sold on foreign markets increased (+0.8% after +0.7% in October), mainly thanks to the peak in prices of mining and quarrying products, energy and water and to refined petroleum prodcuts higher prices. Year over year, export prices of industrial products accelerated slighty (+1.7% after +1.4%).

Import price indices of industrial products: +0.8% in November

In November, the import prices of industrial products gathered pace (+0.8% after +0.4%). The rise was marked for refined petroleum product prices. Year over year, import prices also sped up (+2.8% after +2.0%).

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 Nov.17 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 106.2 1.4 2.4
(DE) Mining and quarrying, energy, water 197 114.3 5.1 2.3
CZ: Manufactured prod. 803 103.8 0.5 2.5
(C1) Food products, beverages, tobacco 192 108.6 –0.1 1.0
(C2) Coke and refined petroleum products 54 98.1 7.7 21.3
(C3) Electrical & electronic equip., computers, mach. 71 101.2 0.2 0.4
(C4) Transport equipment 121 104.3 0.1 0.6
(C5) Other man. products 365 102.9 0.1 2.2
Foreign markets
BE:TOTAL INDUSTRY 1000 104.2 0.8 1.7
(DE) Mining and quarrying, energy, water 25 118.7 20.3 13.3
CZ: Manufactured prod. 975 103.8 0.3 1.4
(C1) Food products, beverages, tobacco 106 114.0 –0.1 0.5
(C2) Coke and refined petroleum products 47 88.6 5.6 12.4
(C3) Electrical & electronic equip., computers, mach. 177 99.2 0.1 –0.3
(C4) Transport equipment 183 105.0 0.1 –0.7
(C5) Other man. products 462 102.9 0.0 2.1
All markets
BE:TOTAL INDUSTRY 1000 105.1 1.3 2.2
(DE) Mining and quarrying, energy, water 152 114.6 5.6 2.8
CZ: Manufactured prod. 848 103.3 0.4 2.1
(C1) Food products, beverages, tobacco 170 109.6 –0.1 0.9
(C2) Coke and refined petroleum products 52 95.6 7.3 19.6
(C3) Electrical & electronic equip., computers, mach. 99 99.3 0.1 0.1
(C4) Transport equipment 137 104.7 0.1 0.2
(C5) Other man. products 390 102.8 0.1 2.1
  • 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 Nov.17 In 1 month In 1 year
BE:TOTAL INDUSTRY 1000 98.6 0.8 2.8
CZ: Manufactured prod. s 100.1 0.3 1.6
(C1) Food products, beverages, tobacco 69 115.7 –0.4 0.3
(C2) Coke and refined petroleum products 48 93.0 6.5 22.0
(C3) Electrical & electronic equip., computers, mach. 223 95.3 0.0 –0.6
(C4) Transport equipment 164 97.8 0.0 0.8
(C5) Other manufactured products s 102.5 0.0 1.4
  • nd: non available; s: confidential
  • Source: INSEE

Table3 – Revision of variations

In %
Revision of variations
Aug.17 / Jul.17 Sep.17 / Aug.17 Oct.17 / Sep.17
French producer prices in industry sold on:
- the French market +0.1 // //
- the foreign markets –0.1 // +0.1
- all markets +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 September 2017 and October 2017 is unchanged: +0.2%, as it was published in November.