30 January 2019
2019- n° 25Producer prices in industry fell back in December 2018 (–1.0%) Industrial Producer and Import Price Indices - December 2018
On all markets (French market and foreign markets), producer prices in industry fell back in December (–1.0% after +0.2%) and edged down for the first time since May 2018. Year on year, they decelerated sharply (+1.2% after +2.4%).
- Producer prices in French industry: –1.0 % in December 2018
- FRENCH MARKET: –1.1%
- New decline in prices of refined petroleum products
- Decrease in prices of mining and quarrying products, energy and water
- Slight reduce in prices of “other industrial products”
- Slight rise in food and beverage prices
- FOREIGN MARKETS: –0.8%
- Import price indices of industrial products: −1.5% in December 2018
- For further information
Producer prices in French industry: –1.0 % in December 2018
On all markets (French market and foreign markets), producer prices in industry fell back in December (–1.0% after +0.2%) and edged down for the first time since May 2018. Year on year, they decelerated sharply (+1.2% after +2.4%).
tableauTotal Industry price indices
| PPI for domestic market | PPI for foreign markets | PPI for all markets | Import prices | |
|---|---|---|---|---|
| 2015-01 | 100.0 | 98.9 | 99.8 | 99.4 |
| 2015-02 | 101.0 | 100.1 | 100.8 | 101.0 |
| 2015-03 | 101.1 | 100.6 | 101.0 | 101.6 |
| 2015-04 | 100.8 | 101.1 | 100.9 | 102.2 |
| 2015-05 | 100.4 | 100.6 | 100.4 | 102.5 |
| 2015-06 | 100.5 | 100.7 | 100.6 | 102.0 |
| 2015-07 | 100.3 | 100.9 | 100.5 | 100.8 |
| 2015-08 | 99.2 | 99.8 | 99.4 | 99.3 |
| 2015-09 | 99.2 | 99.4 | 99.3 | 98.6 |
| 2015-10 | 99.4 | 99.5 | 99.4 | 98.1 |
| 2015-11 | 99.5 | 99.6 | 99.5 | 98.2 |
| 2015-12 | 98.4 | 98.9 | 98.5 | 96.5 |
| 2016-01 | 97.3 | 98.2 | 97.5 | 94.7 |
| 2016-02 | 96.9 | 97.2 | 96.9 | 94.1 |
| 2016-03 | 97.1 | 97.4 | 97.2 | 95.0 |
| 2016-04 | 96.5 | 97.4 | 96.7 | 95.0 |
| 2016-05 | 97.0 | 97.7 | 97.1 | 95.9 |
| 2016-06 | 97.4 | 98.0 | 97.5 | 96.4 |
| 2016-07 | 97.5 | 97.9 | 97.6 | 96.4 |
| 2016-08 | 97.4 | 97.9 | 97.5 | 96.2 |
| 2016-09 | 97.7 | 98.2 | 97.8 | 96.5 |
| 2016-10 | 98.4 | 98.9 | 98.5 | 97.5 |
| 2016-11 | 99.0 | 99.3 | 99.1 | 97.5 |
| 2016-12 | 99.8 | 100.2 | 99.9 | 99.1 |
| 2017-01 | 100.7 | 101.7 | 100.9 | 99.7 |
| 2017-02 | 100.5 | 100.9 | 100.6 | 100.0 |
| 2017-03 | 100.0 | 100.4 | 100.1 | 99.7 |
| 2017-04 | 99.7 | 100.4 | 99.8 | 99.6 |
| 2017-05 | 99.1 | 100.1 | 99.3 | 98.8 |
| 2017-06 | 98.8 | 99.4 | 99.0 | 97.9 |
| 2017-07 | 98.9 | 99.2 | 98.9 | 97.6 |
| 2017-08 | 99.4 | 99.1 | 99.3 | 98.2 |
| 2017-09 | 99.8 | 99.6 | 99.7 | 99.0 |
| 2017-10 | 100.0 | 100.2 | 100.1 | 99.4 |
| 2017-11 | 101.7 | 101.1 | 101.5 | 100.2 |
| 2017-12 | 102.0 | 100.9 | 101.7 | 100.2 |
| 2018-01 | 102.0 | 100.3 | 101.5 | 100.4 |
| 2018-02 | 102.0 | 100.6 | 101.7 | 99.9 |
| 2018-03 | 102.2 | 100.7 | 101.8 | 100.1 |
| 2018-04 | 101.4 | 100.6 | 101.2 | 100.6 |
| 2018-05 | 102.1 | 101.3 | 101.8 | 102.0 |
| 2018-06 | 102.1 | 102.0 | 102.1 | 102.4 |
| 2018-07 | 102.7 | 102.2 | 102.6 | 102.7 |
| 2018-08 | 103.1 | 102.3 | 102.9 | 102.8 |
| 2018-09 | 103.6 | 102.5 | 103.3 | 103.6 |
| 2018-10 | 104.0 | 103.0 | 103.7 | 104.6 |
| 2018-11 | 104.3 | 102.6 | 103.9 | 102.7 |
| 2018-12 | 103.2 | 101.8 | 102.9 | 101.2 |
graphiqueTotal Industry price indices
- Source: INSEE.
FRENCH MARKET: –1.1%
In December 2018, French producer prices in industry for the French market fell back (–1.1% after +0.3%). They decreased mainly owing to manufactured product prices (–1.0%) in the wake of refined petroleum product price new decline. To a lesser extent they went down due to the fall of prices of mining and quarrying products, energy and water (–1.4%). Year on year, French producer prices in industry for the French market slowed down (+1.2% after +2.6%).
New decline in prices of refined petroleum products
In the wake of oil prices, the prices of refined petroleum products fell back again strongly in December (–13.2% after –11.8%). Year on year, they weakened (–1.5% after +13.2%), which was the first downturn since June 2017.
tableauProducer price indices of coke and refined petroleum products sold on the French market
| Producer price indices of coke and refined petroleum products sold on the French market | |
|---|---|
| 2015-01 | 91.2 |
| 2015-02 | 106.6 |
| 2015-03 | 110.2 |
| 2015-04 | 113.8 |
| 2015-05 | 117.9 |
| 2015-06 | 115.6 |
| 2015-07 | 107.6 |
| 2015-08 | 92.8 |
| 2015-09 | 91.3 |
| 2015-10 | 89.1 |
| 2015-11 | 89.4 |
| 2015-12 | 74.5 |
| 2016-01 | 65.9 |
| 2016-02 | 65.6 |
| 2016-03 | 75.5 |
| 2016-04 | 78.5 |
| 2016-05 | 88.1 |
| 2016-06 | 91.9 |
| 2016-07 | 85.3 |
| 2016-08 | 85.2 |
| 2016-09 | 87.6 |
| 2016-10 | 97.0 |
| 2016-11 | 91.7 |
| 2016-12 | 105.7 |
| 2017-01 | 107.1 |
| 2017-02 | 108.1 |
| 2017-03 | 101.4 |
| 2017-04 | 104.7 |
| 2017-05 | 97.1 |
| 2017-06 | 89.7 |
| 2017-07 | 92.1 |
| 2017-08 | 95.1 |
| 2017-09 | 101.8 |
| 2017-10 | 103.2 |
| 2017-11 | 111.1 |
| 2017-12 | 110.9 |
| 2018-01 | 116.1 |
| 2018-02 | 109.2 |
| 2018-03 | 111.3 |
| 2018-04 | 121.8 |
| 2018-05 | 132.1 |
| 2018-06 | 130.2 |
| 2018-07 | 131.4 |
| 2018-08 | 133.2 |
| 2018-09 | 136.5 |
| 2018-10 | 142.7 |
| 2018-11 | 125.8 |
| 2018-12 | 109.2 |
graphiqueProducer price indices of coke and refined petroleum products sold on the French market
- Source: INSEE.
Decrease in prices of mining and quarrying products, energy and water
The prices of mining and quarrying products, energy and water fell back sharply in December (–1.4% after +4.9%) and decelerated year on year (+2.2% after +4.8%). They decreased mainly owing to the decline in electricity selling prices (–2.5% after +0.4%), especially on the wholesale market.
Slight reduce in prices of “other industrial products”
The prices of “other industrial products” decreased by 0.2% in December (after –0.1%). Chemical product prices declined again (–1.6% after –0.4%) in the wake of the Brent price. Basic metal product prices dropped for the sixth consecutive month (–0.7%), in the wake of metal prices. Year on year, the prices of “other industrial products” remained dynamic (+1.6% after +2.0%).
Slight rise in food and beverage prices
In December, food and beverage prices decelerated (+0.2% after +0.4%). In particular, the prices of processed and preserved meatgrew by 1,3%. Year on year, food and beverage prices rose by 0.9% (after +0.8%).
tableauProducer price indices of manufactured products sold on the French market
| C3 | C5 | C1 | C4 | |
|---|---|---|---|---|
| 2015-01 | 100.2 | 100.0 | 99.8 | 99.9 |
| 2015-02 | 100.2 | 99.9 | 99.9 | 99.9 |
| 2015-03 | 100.2 | 100.2 | 99.8 | 99.9 |
| 2015-04 | 100.2 | 100.6 | 99.9 | 99.9 |
| 2015-05 | 100.0 | 100.8 | 99.9 | 99.9 |
| 2015-06 | 100.0 | 100.8 | 99.9 | 99.8 |
| 2015-07 | 100.0 | 100.8 | 100.2 | 99.8 |
| 2015-08 | 99.6 | 100.2 | 100.5 | 100.0 |
| 2015-09 | 99.7 | 99.6 | 100.3 | 100.1 |
| 2015-10 | 100.0 | 99.2 | 100.2 | 100.3 |
| 2015-11 | 100.0 | 99.0 | 99.9 | 100.4 |
| 2015-12 | 99.9 | 98.8 | 99.7 | 100.1 |
| 2016-01 | 99.7 | 98.4 | 99.3 | 100.2 |
| 2016-02 | 99.5 | 98.1 | 99.1 | 100.1 |
| 2016-03 | 99.7 | 97.9 | 98.6 | 100.1 |
| 2016-04 | 99.6 | 98.0 | 98.5 | 100.1 |
| 2016-05 | 99.6 | 98.3 | 98.4 | 100.1 |
| 2016-06 | 99.9 | 98.6 | 98.5 | 100.0 |
| 2016-07 | 99.6 | 98.6 | 98.9 | 100.0 |
| 2016-08 | 99.7 | 98.5 | 98.8 | 99.9 |
| 2016-09 | 99.7 | 98.5 | 98.8 | 99.9 |
| 2016-10 | 99.6 | 98.7 | 99.1 | 100.0 |
| 2016-11 | 99.5 | 98.8 | 99.2 | 100.0 |
| 2016-12 | 99.4 | 99.0 | 99.2 | 100.1 |
| 2017-01 | 100.1 | 99.6 | 99.2 | 100.1 |
| 2017-02 | 99.9 | 100.1 | 99.6 | 100.1 |
| 2017-03 | 100.0 | 100.4 | 99.8 | 100.1 |
| 2017-04 | 99.9 | 100.7 | 100.1 | 100.2 |
| 2017-05 | 99.8 | 100.8 | 100.1 | 100.3 |
| 2017-06 | 99.9 | 100.7 | 100.4 | 100.3 |
| 2017-07 | 99.8 | 100.4 | 100.4 | 100.3 |
| 2017-08 | 99.7 | 100.5 | 100.6 | 100.4 |
| 2017-09 | 99.7 | 100.7 | 100.5 | 100.4 |
| 2017-10 | 99.8 | 101.0 | 100.4 | 100.4 |
| 2017-11 | 100.0 | 100.9 | 100.3 | 100.6 |
| 2017-12 | 100.1 | 101.1 | 100.4 | 100.6 |
| 2018-01 | 100.7 | 101.6 | 100.0 | 100.5 |
| 2018-02 | 100.3 | 101.9 | 100.1 | 100.5 |
| 2018-03 | 100.5 | 102.1 | 100.4 | 100.6 |
| 2018-04 | 100.6 | 102.2 | 100.1 | 100.6 |
| 2018-05 | 100.8 | 102.7 | 100.2 | 100.5 |
| 2018-06 | 100.9 | 102.8 | 100.1 | 100.6 |
| 2018-07 | 100.7 | 102.9 | 100.4 | 100.6 |
| 2018-08 | 100.9 | 103.0 | 100.6 | 100.6 |
| 2018-09 | 100.9 | 103.1 | 100.7 | 100.5 |
| 2018-10 | 100.8 | 103.0 | 100.7 | 100.7 |
| 2018-11 | 100.9 | 102.9 | 101.1 | 100.9 |
| 2018-12 | 101.0 | 102.7 | 101.3 | 101.0 |
graphiqueProducer price indices of manufactured products sold on the French market
- Source: INSEE.
FOREIGN MARKETS: –0.8%
In December 2018, the producer prices of French industrial products on foreign markets remained below (–0.8% after –0.4%). In the wake of oil prices, export prices of refined petroleum products shrankagain in December (−12.9% after −11.7%). They even fell back year on year (–4.6% after +9.0%). After the virtual stability in November, the prices of “other industrial products” decreased by 0.3% owing to the decline in chemical and metal product prices. Year on year, export prices of industrial products slowed down (+0.9% after +1.5%).
tableaufigure2 – 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. 18 | In 1 month | In 1 year |
| French market | ||||
| BE:TOTAL INDUSTRY | 1000 | 103.2 | -1.1 | 1.2 |
| (DE) Mining and quarrying, energy, water | 215 | 107.1 | -1.4 | 2.2 |
| CZ: Manufactured products | 785 | 102.2 | -1.0 | 1.0 |
| (C1) Food products, beverages, tobacco | 194 | 101.3 | 0.2 | 0.9 |
| (C2) Coke and refined petroleum products | 46 | 109.2 | -13.2 | -1.5 |
| (C3) Electrical & electronic equip., computers, mach. | 69 | 101.0 | 0.1 | 0.9 |
| (C4) Transport equipment | 125 | 101.0 | 0.1 | 0.4 |
| (C5) Other manufactured products | 351 | 102.7 | -0.2 | 1.6 |
| Foreign markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 101.8 | -0.8 | 0.9 |
| CZ: Manufactured products | 980 | 101.0 | -0.7 | 0.8 |
| (C1) Food products, beverages, tobacco | 121 | 100.4 | -0.1 | 0.4 |
| (C2) Coke and refined petroleum products | 34 | 102.4 | -12.9 | -4.6 |
| (C3) Electrical & electronic equip., computers, mach. | 151 | 100.0 | 0.1 | 0.8 |
| C4) Transport equipment | 207 | 101.9 | -0.1 | 1.5 |
| (C5) Other manufactured products | 467 | 100.8 | -0.3 | 0.8 |
| All markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 102.9 | -1.0 | 1.2 |
| CZ: Manufactured products | 835 | 101.8 | -0.9 | 0.9 |
| (C1) Food products, beverages, tobacco | 175 | 101.2 | 0.2 | 0.9 |
| (C2) Coke and refined petroleum products | 43 | 107.4 | -13.1 | -2.1 |
| (C3) Electrical & electronic equip., computers, mach. | 90 | 100.5 | 0.0 | 0.8 |
| (C4) Transport equipment | 146 | 101.3 | 0.0 | 0.7 |
| (C5) Other manufactured products | 381 | 102.1 | -0.3 | 1.4 |
- Source: INSEE.
Import price indices of industrial products: −1.5% in December 2018
In December 2018, the import prices of industrial products fell again (–1.5% after –1.8%). In the wake of oil prices, imported hydrocarbon prices plunged again, just like those of coke and refined petroleum products (−12.7% after −12.1%). The import prices of “other industrial products” went down by 0.4% (after –0.1%), especially chemical and metal product prices. The import prices of food, beverage and tobacco were virtually stable (+0.1% after −0.4%). Year on year, the import prices of industrial products decelerated (+1.0% after +2.5% in November).
tableaufigure5 – Import prices of industrial products
| Change in % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 in CPF rev. 2, 2008 | Weight | Dec. 18 | In 1 month | In 1 year |
| BE:TOTAL INDUSTRY | 1000 | 101.2 | -1.5 | 1.0 |
| CZ: Manufactured products | s | 100.7 | -0.8 | 0.8 |
| (C1) Food products, beverages, tobacco | 77 | 103.1 | 0.1 | 0.8 |
| (C2) Coke and refined petroleum products | 40 | 106.9 | -12.7 | -1.7 |
| (C3) Electrical & electronic equip., computers, mach. | 219 | 98.5 | -0.1 | 0.8 |
| (C4) Transport equipment | 180 | 100.1 | 0.0 | 0.9 |
| (C5) Other manufactured products | s | 101.0 | -0.4 | 1.0 |
- nd: non available ; s : confidential
- Source: INSEE.
tableaufigure6 – Revision of variations
| Sep. 18 / Aug. 18 | Oct. 18 / Sep. 18 | Nov. 18 / Oct. 18 | |
|---|---|---|---|
| French producer prices in industry sold on: | |||
| - the French market | +0.1 | // | -0.1 |
| - the foreign markets | // | +0.1 | // |
| - all markets | +0.1 | -0.1 | +0.1 |
| Import prices of industrial products | // | // | // |
- (1) How to read it: the variation of the producer price index in industry for products sold on the French Market between October and November 2018 has been revised by -0.1 point: published in December equal to +0.4%, it has been updated to +0.3%.
For further information
Next publication: 28 February 2019 at 8.45 a.m.
Pour en savoir plus
Next publication: 28 February 2019 at 8.45 a.m.
