21 December 2018

2018- n° 342

In November 2018, producer prices in industry were virtually stable (+0.1%) Industrial Producer and Import Price Indices - November 2018

On all markets (French market and foreign markets), producer prices in industry were virtually stable in November (+0.1%) after six consecutive months of rise. Year over year, they decelerated (+2.3% after +3.6%).

In November 2018, French producer prices in industry for the French market grew by 0.4%, as in October. The growth was mainly owing to the rise of energy product prices, weighed down by the downturn of refined petroleum product prices. Year over year French producer prices in industry for the French market slowed down (+2.6% after +3.9%).

The prices of mining and quarrying products, energy and water accelerated sharply in November (+4.8% after +0.6%). This seasonal peak was mainly owing to the switch to the winter rate in electricity transmission and distribution prices. Year over year, the prices of mining and quarrying products, energy and water decelerated (+4.7% after +5.9%).

In the wake of oil price, the prices of refined petroleum products fell back strongly in November (−11,8%), after four consecutive months of rise. Year over year they decelerated sharply (+13.2% after +38.3%).

In November, food and beverage prices recovered (+0.3%) after two months of virtual stability. The rise was owing to the prices of meat and poultry meat products (+1.0%) and those of oils and fats (+2.9%). Year over year food and beverage prices sped up slightly (+0.8% after +0.4).

In November “other industrial products” prices were virtually stable (−0.1%) Year over year, they rose by 2.0% as in October.

In November 2018, the producer prices of French industrial products on foreign markets folded after six consecutive months of rise (−0.4% after +0.4% in October). Export prices of refined petroleum products plummeted in November (−11.9% after +2.5%). Food and beverage prices grew by 0.4%, driven by those of dairy and cheese products (+1.2%). Year over year, export prices of industrial products slowed down (+1.4% after +2.7%).

In November 2018, the import prices of industrial products fell back sharply (−1.8% after +1.0%), which was the highest decrease since January 2016. In the wake of oil price, imported hydrocarbon prices plunged, as those of coke and refined petroleum products (−12.2% after +4.4%). The import prices of food, beverage and tobacco fell again (−0.4% after −0.5%). These of “other industrial products” were stable (after +0.4%), in spite of the fall of chemical prices (−0.3%).Year over year, the import prices of industrial products decelerated (+2.5% after +5.2%).