30 November 2018

2018- n° 313

In October 2018, further increase in producer prices in industry (+0.5%) Industrial Producer and Import Price Indices - October 2018

On all markets (French market and foreign markets), producer prices in industry rose for the sixth consecutive month (+0.5% after +0.3% in September). Year over year, they remained dynamic (+3.6%).

In October, French producer prices in industry for the French market grew by 0.4%, as in September. The rise is mainly owing to these of prices of refined petroleum products and of mining and quarrying products, energy and water. Year over year French producer prices in industry for the French market went up by 3.9%, this rise has been the sharpest one since January 2017.

In the wake of oil price, the prices of refined petroleum products gathered pace strongly in October (+4.5% after +2.5%), as year over year (+38.3% after +34.1%).

The prices of mining and quarrying products, energy and water grew again in October (+0.8% after +1.1%). Year over year, they surged (+5.9%). Gas selling price accelerated (+3.9% after +3.5%), following the new revaluation of regulated tariffs. Year over year they took off (+22.3%). The electricity selling prices decelerated slightly in October (+0.6% after +1.0%).

In October, food and beverage prices were virtually stable (+0.1% as in September). Year over year, they rose by 0.4%. The prices of “other industrial products” were also virtually stable (−0.1%) and decelerated slightly year over year (+1.9% after +2.3%). After five consecutive months of rise, chemical prices fell back in October 2018.

In October 2018, the producer prices of French industrial products sold on foreign markets rose by 0.5% (after +0.2%), essentially owing to manufactured products (+0.4%) and electricity. Export prices of refined petroleum products accelerated sharply in October (+3.2% after +2.1%). The prices of other types of manufactured products were virtually stable, except those of transport equipment (+0.2%). Year over year, export prices of industrial products remained strong (+2.8% after +2.9%).

In October 2018, the import prices of industrial products accelerated (+1.0% after +0.8%), this rise was intensified by the euro depreciation. In the wake of oil price, imported hydrocarbon prices took off again, as those of coke and refined petroleum products (+4.4%). The import prices of “other industrial products” rose by 0.3%, especially those of chemicals. On the contrary, food and beverage import prices decreased again (−0.6% after +0.1% in September). Year over year, the import prices of industrial products remained strong (+5.2% after +4.6% in September).