In 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).

Informations rapides
No 26
Paru le : 31/01/2018
Prochaine parution le : 31/05/2018 at 08:45 - April 2018

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%).

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 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

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 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

Table3 – Revision of variations

In %
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%.