22 December 2017

2017- n° 343

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).

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.

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).

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%).

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%.

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).

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%).

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%).