In January 2018, producer prices in industry were stableIndustrial Producer and Import Price Indices - January 2018

On all markets (French market and foreign markets), producer prices in industry were stable in January 2018 (0.0% after −0.1% in December). Year over year, they slowed down (+0.4% after +1.4% in December).

Informations rapides
No 56
Paru le : 28/02/2018
Prochaine parution le : 27/04/2018 at 08:45 - March 2018

Information: in accordance with the European directives, producer and import price indices in industry are broadcast in reference 100 in 2015 from this release. 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 January 2018

On all markets (French market and foreign markets), producer prices in industry were stable in January 2018 (0.0% after −0.1% in December). Year over year, they slowed down (+0.4% after +1.4% in December).

FRENCH MARKET: +0.1%

In January 2018, French producer prices in industry for the French market remained virtually stable (+0.1% after −0.1%).

Rebound in prices of refined petroleum products

In January, the prices of refined petroleum products took off (+4.7% after −0.2%), in the wake of the oil price. The highest price increases involved fuel prices (gas oil and petrol). Year over year, prices of refined petroleum products rose (+8.4% after +4.9% in December).

Fall in prices of mining and quarrying products, energy and water

In January, mining and quarrying products, energy and water prices declined for the second month in a row (−1.1% after −0.6%), mainly due to the sharp electricity price decline on the wholesale markets. Year over year, the prices of mining and quarrying products, energy and water fell back (−1.6% after +1.6%).

Decrease in food prices

In January, food prices remained dropped by 0.4% after four consecutive months of virtual stability. The decrease was attributable to the decline in prices of processed meat after feast days, and of sugar. Year over year, food products prices slowed down (+0.8% after 1.2% in December).

Rise in prices of “other industrial products”

In January, the prices of “other industrial products” kept increasing (+0.5%, after +0.2%). Prices are typically rather strong in this sector thanks to rises in raw material prices (oil, metals, wood) and to annual price reviews. Year over year, prices of “other industrial products” went up by 2.0%.

FOREIGN MARKETS: −0.2%

In January 2018, the producer prices of French industrial products sold on foreign markets went down again (−0.2% after −0.4%). Manufactured good prices increased however, driven by refined petroleum products. Year over year, export prices of industrial products shrank (−1.2% after +0.5% in December).

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

In January 2018, the import prices of industrial products grew slithly (+0.3% after +0.1%) thanks to the refined petroleum product price rise. Year over year, import prices slowed down (+0.9% after +1.2%).

Graph1 – Total Industry price indices

  • Reference year: 2015
  • Source: INSEE

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

  • Reference year: 2015
  • Source: INSEE

Graph3 – Import price indices of manufactured products

  • Reference year: 2015
  • Source: INSEE

Table1 – French Producer Price Indices in industry according to the market where the products are sold

reference year: 2015
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 Jan.18 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 101.6 0.1 0.9
(DE) Mining and quarrying, energy, water 210 101.5 –1.1 –1.6
CZ: Manufactured prod. 789 101.7 0.5 1.7
(C1) Food products, beverages, tobacco 200 100.0 –0.4 0.8
(C2) Coke and refined petroleum products 46 116.1 4.7 8.4
(C3) Electrical & electronic equip., computers, mach. 68 100.4 0.3 0.3
(C4) Transport equipment 121 100.6 0.0 0.5
(C5) Other man. products 355 101.6 0.5 2.0
Foreign markets
BE:TOTAL INDUSTRY 1000 100.5 –0.2 –1.2
CZ: Manufactured prod. 975 100.5 0.3 0.3
(C1) Food products, beverages, tobacco 117 99.4 –0.6 –2.0
(C2) Coke and refined petroleum products 37 112.3 4.7 4.2
(C3) Electrical & electronic equip., computers, mach. 154 99.1 –0.1 –1.0
(C4) Transport equipment 204 100.2 –0.1 0.3
(C5) Other man. products 462 100.4 0.4 1.0
All markets
BE:TOTAL INDUSTRY 1000 101.3 0.0 0.4
CZ: Manufactured prod. 838 101.3 0.4 1.3
(C1) Food products, beverages, tobacco 179 99.9 –0.4 0.3
(C2) Coke and refined petroleum products 44 114.8 4.6 7.4
(C3) Electrical & electronic equip., computers, mach. 91 99.8 0.1 –0.3
(C4) Transport equipment 142 100.4 –0.1 0.3
(C5) Other man. products 383 101.3 0.6 1.7
  • Source: INSEE

Table2 – Import prices of industrial products

reference year: 2015
Import prices of industrial products
Change in %
Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 Weight Jan.18 In 1 month In 1 year
BE:TOTAL INDUSTRY 1000 100.6 0.3 0.9
CZ: Manufactured prod. s 100.1 0.2 0.5
(C1) Food products, beverages, tobacco 78 101.6 –0.6 –2.1
(C2) Coke and refined petroleum products 42 113.2 4.1 8.3
(C3) Electrical & electronic equip., computers, mach. 220 97.8 –0.1 –0.9
(C4) Transport equipment 165 99.1 0.0 0.5
(C5) Other manufactured products s 100.0 0.0 0.8
  • nd: non available; s: confidential
  • Source: INSEE