28 February 2018

2018- n° 56

In January 2018, producer prices in industry were stable Industrial 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).

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

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).

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%).

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).

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%.

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).

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%).