31 January 2018
2018- n° 26In December 2017, producer prices in industry were stable (0.0%) Industrial Producer and Import Price Indices - December 2017
On all markets (French market and foreign markets), producer prices in industry were stable (0.0% after +1.3% in November). Year over year, they decelerated (+1.4% after +2.3% in November).
Information: in accordance with the European directives, producer and import price indices in industry will be broadcast in reference and base 100 in 2015 from February 28th 2018. Additional information related to this change are available on the Web page of these indicators (flag: Documentation).
Producer prices in French industry: +0.0% in December
On all markets (French market and foreign markets), producer prices in industry were stable (0.0% after +1.3% in November). Year over year, they decelerated (+1.4% after +2.3% in November).
FRENCH MARKET: +0.0%
In December, French producer prices in industry for the French market were stable (0.0% after +1.5%).
Slowdown in prices of refined petroleum products
In December, the prices of refined petroleum products were virtually stable (−0.1% after +7.7%), despite the oil price rise. Year over year, prices of refined petroleum products slowed down sharply (+5.0% after +21.3% in November).
Virtual stability in prices of mining and quarrying products, energy and water
In December, mining and quarrying products, energy and water prices were also virtually stable (+0.1%) after their 8.3% rise on the six last months. The rise in gas price was offset by the decline in electricity price. Year over year, the prices of mining and quarrying products, energy and water remained strong (+2.2% after +2.8%).
Virtual stability in food prices
In December, food prices remained virtually stable (+0.1% after −0.1%). The rise in prices of processed and preserved meat and of “other food prodcucts” was outweighed by the drop in dairy and cheese product prices due to the milk powder stocks. Year over year, food products went up by 1.1%, as in November.
Slight growth in prices of “other industrial products”
In December, the prices of “other industrial products” increased slightly (+0.2%, after −0.1%), mainly thanks to the rises in prices of chemical products and of basic metal and metallic products. Year over year, prices of “other industrial products” went up by 2.1%.
FOREIGN MARKETS: −0.4%
In December, the producer prices of French industrial products sold on foreign markets fell back (−0.4% after +0.9%), mainly thanks to the decline in prices of energy and food products. Year over year, export prices of industrial products decelerated (+0.5% after +1.8% in November).
Import price indices of industrial products: +0.1% in December
In December, the import prices of industrial products were virtually stable (+0.1% after +0.7%). The rise of refined petroleum product prices was almost offset by the decline of food prices. Year over year, import prices slowed down too (+1.2% after +2.8%).
graphiqueGraph1 – Total Industry price indices
- Reference year: 2010
- Source: INSEE
graphiqueGraph2 – Producer price indices of manufactured products sold on the French market
- Reference year: 2010
- Source: INSEE
graphiqueGraph3 – Import price indices of manufactured products
- Reference year: 2010
- Source: INSEE
tableauTable1 – 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 | Dec.17 | In 1 month | In 1 year |
| French market | ||||
| BE:TOTAL INDUSTRY | 1000 | 106.4 | 0.0 | 1.7 |
| (DE) Mining and quarrying, energy, water | 197 | 114.9 | 0.1 | 2.2 |
| CZ: Manufactured prod. | 803 | 103.9 | 0.0 | 1.7 |
| (C1) Food products, beverages, tobacco | 192 | 108.8 | 0.1 | 1.1 |
| (C2) Coke and refined petroleum products | 54 | 98.0 | –0.1 | 5.0 |
| (C3) Electrical & electronic equip., computers, mach. | 71 | 101.4 | 0.2 | 0.6 |
| (C4) Transport equipment | 121 | 104.4 | 0.0 | 0.6 |
| (C5) Other man. products | 365 | 103.0 | 0.2 | 2.1 |
| Foreign markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 103.9 | –0.4 | 0.5 |
| (DE) Mining and quarrying, energy, water | 25 | 107.0 | –9.9 | –7.0 |
| CZ: Manufactured prod. | 975 | 103.8 | 0.0 | 0.8 |
| (C1) Food products, beverages, tobacco | 106 | 113.6 | –0.4 | –0.4 |
| (C2) Coke and refined petroleum products | 47 | 88.1 | –0.6 | 2.1 |
| (C3) Electrical & electronic equip., computers, mach. | 177 | 99.3 | 0.0 | –0.6 |
| (C4) Transport equipment | 183 | 105.1 | 0.0 | 0.3 |
| (C5) Other man. products | 462 | 103.0 | 0.0 | 1.6 |
| All markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 105.2 | 0.0 | 1.4 |
| (DE) Mining and quarrying, energy, water | 152 | 114.6 | –0.4 | 1.8 |
| CZ: Manufactured prod. | 848 | 103.4 | 0.0 | 1.4 |
| (C1) Food products, beverages, tobacco | 170 | 109.7 | 0.0 | 0.8 |
| (C2) Coke and refined petroleum products | 52 | 95.3 | –0.2 | 4.3 |
| (C3) Electrical & electronic equip., computers, mach. | 99 | 99.5 | 0.1 | 0.1 |
| (C4) Transport equipment | 137 | 104.8 | 0.0 | 0.4 |
| (C5) Other man. products | 390 | 102.9 | 0.1 | 2.0 |
- Source: INSEE
tableauTable2 – Import prices of industrial products
| Change in % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 | Weight | Dec.17 | In 1 month | In 1 year |
| BE:TOTAL INDUSTRY | 1000 | 98.7 | 0.1 | 1.2 |
| CZ: Manufactured prod. | s | 100.0 | –0.1 | 0.5 |
| (C1) Food products, beverages, tobacco | 69 | 114.8 | –0.7 | –0.8 |
| (C2) Coke and refined petroleum products | 48 | 93.5 | 0.5 | 6.1 |
| (C3) Electrical & electronic equip., computers, mach. | 223 | 95.3 | 0.0 | –0.9 |
| (C4) Transport equipment | 164 | 97.9 | –0.1 | 0.6 |
| (C5) Other manufactured products | s | 102.5 | 0.1 | 1.0 |
- nd: non available; s: confidential
- Source: INSEE
tableauTable3 – Revision of variations
| Sep.17 / Aug.17 | Oct.17 / Sep.17 | Nov.17 / Oct.17 | |
|---|---|---|---|
| French producer prices in industry sold on: | |||
| - the French market | +0.1 | // | +0.1 |
| - the foreign markets | +0.1 | –0.1 | +0.1 |
| - 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 October 2017 and November 2017 has been revised by +0.1 points: published lat the end of October equal to +1.4%, it has been updated to +1.5%.
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