26 July 2019
2019- n° 193In June 2019, producer prices in industry declined by 0.7% over one month and stabilized
year on year Industrial Producer and Import Price Indices - June 2019
On all markets (French market and foreign markets), producer prices in industry kept declining for the third month in a row in June 2019 (–0,7% after –0,3% in May and –0,4% in April). The drop was noticed for both prices for the French Market (–0.5% after –0.4%) and for foreign markets (–0,7% after –0,1% in May). Year on year, producer prices in industry stabilized in June 2019 (after +1.0% in May).
- Producer prices in French industry: –0,7% in June 2019
- FRENCH MARKET: –0.5%
- Backlash in prices of refined petroleum products
- Fall in prices of “other industrial products”
- Rise in food and beverage prices
- Virtual stability in prices of mining and quarrying products, energy and water
- FOREIGN MARKETS: –0.7%
- Import price indices of industrial products: –1,3%
- For further information
Producer prices in French industry: –0,7% in June 2019
On all markets (French market and foreign markets), producer prices in industry kept declining for the third month in a row in June 2019 (–0,7% after –0,3% in May and –0,4% in April). The drop was noticed for both prices for the French Market (–0.5% after –0.4%) and for foreign markets (–0,7% after –0,1% in May). Year on year, producer prices in industry stabilized in June 2019 (after +1.0% in May).
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 | 103.9 | 103.0 | 103.7 | 104.6 |
| 2018-11 | 104.4 | 102.5 | 103.9 | 102.8 |
| 2018-12 | 103.4 | 101.8 | 103.0 | 101.1 |
| 2019-01 | 103.7 | 102.4 | 103.4 | 101.2 |
| 2019-02 | 104.2 | 101.9 | 103.5 | 101.9 |
| 2019-03 | 104.1 | 101.9 | 103.5 | 102.0 |
| 2019-04 | 103.2 | 102.5 | 103.1 | 102.6 |
| 2019-05 | 102.8 | 102.4 | 102.8 | 102.6 |
| 2019-06 | 102.3 | 101.7 | 102.1 | 101.3 |
graphiqueTotal Industry price indices
- Source: INSEE.
FRENCH MARKET: –0.5%
In June 2019, French producer prices in industry for the French market kept decreasing (–0.5% after –0.4% in May). The prices of manufactured products declined by 0.7% (after +0.1%) whereas those of mining and quarrying products, energy and water were virtually stable (–0.1% after –2.0%). Year on year, French producer prices in industry for the French market grew very slightly in June 2019 (+0.2% after +0.7%).
Backlash in prices of refined petroleum products
In the wake of oil prices, the prices of refined petroleum products fell back strongly in June 2019 (–10.6% after +0.5%). Year on year, they declined also sharply (–9.8% after –0.6%).
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 | 109.3 |
| 2019-01 | 109.4 |
| 2019-02 | 118.8 |
| 2019-03 | 123.3 |
| 2019-04 | 130.7 |
| 2019-05 | 131.3 |
| 2019-06 | 117.4 |
graphiqueProducer price indices of coke and refined petroleum products sold on the French market
- Source: INSEE.
Fall in prices of “other industrial products”
The prices of “other industrial products” decreased by 0.3% in June 2019 after being stable in May. Chemical product prices fell back sharply (–1.6% after +0.3%), especially those of other organic basic chemicals (–5.2% after +1.9%) linked with the oil price decrease and a weaker demand. Year on year, the prices of “other industrial products” stabilized in June 2019 (after +0.4% in May).
Rise in food and beverage prices
In June 2019, food and beverage prices grew by 0.5% (after +0.1% in May). The prices of processed and preserved meat sped up (+1.3% after +0.6%), especially owing to pork market persistent tightening. Those of dairy and cheese products recovered (+1.6% after –0.5%). Year on year, food and beverage prices sped up sharply in June 2019 (+1.5% after +0.9%).
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 | 101.0 | 102.9 | 101.1 | 100.9 |
| 2018-12 | 101.0 | 102.6 | 101.4 | 101.0 |
| 2019-01 | 101.4 | 102.7 | 101.2 | 100.9 |
| 2019-02 | 101.3 | 102.8 | 101.2 | 101.0 |
| 2019-03 | 101.3 | 103.0 | 100.9 | 101.1 |
| 2019-04 | 101.4 | 103.1 | 101.0 | 101.2 |
| 2019-05 | 101.3 | 103.1 | 101.1 | 101.4 |
| 2019-06 | 101.4 | 102.8 | 101.6 | 101.5 |
graphiqueProducer price indices of manufactured products sold on the French market
- Source: INSEE.
Virtual stability in prices of mining and quarrying products, energy and water
In June 2019, the prices of mining and quarrying products, energy and water were virtually stable (–0.1% after –2.0%). Electricity production and trade prices recovered (+0.8% after –3.7%), following the new rise in regulated fares which was partially offset by the decline on the wholesale market. On the contrary, gas selling prices kept declining (–2.5% after –2.2% in May). Year on year, the prices of mining and quarrying products, energy and water slowed down sharply (+1.7% after +2.6%).
FOREIGN MARKETS: –0.7%
In June 2019, the producer prices of French industrial products on foreign markets edged down (–0.7% over one month and –0.3% year on year). Refined petroleum product export prices fell back sharply over one month (–8.4% after +0.5%) and reduced also year on year (–9.8% after –1.4%). The export prices of “other industrial products” decreased again in June (–0.2% after –0.3%), especially due to the drop of chemical product prices (–0.7% after –0.3%). Year on year the export prices of “other industrial products” fell back in June 2019 (–0.5% after +0.1%).
tableauFrench 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 | Weight | June 19 | In 1 month | In 1 year |
| French market | ||||
| BE:TOTAL INDUSTRY | 1000 | 102.3 | -0.5 | 0.2 |
| (DE) Mining and quarrying, energy, water | 221 | 100.3 | -0.1 | 1.7 |
| CZ: Manufactured products | 779 | 102.9 | -0.7 | -0.2 |
| (C1) Food products, beverages, tobacco | 199 | 101.6 | 0.5 | 1.5 |
| (C2) Coke and refined petroleum products | 42 | 117.4 | -10.6 | -9.8 |
| (C3) Electrical & electronic equip., computers, mach. | 74 | 101.4 | 0.1 | 0.5 |
| (C4) Transport equipment | 91 | 101.5 | 0.1 | 0.9 |
| (C5) Other manufactured products | 373 | 102.8 | -0.3 | 0.0 |
| Foreign markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 101.7 | -0.7 | -0.3 |
| CZ: Manufactured products | 981 | 101.9 | -0.5 | 0.2 |
| (C1) Food products, beverages, tobacco | 104 | 101.9 | -0.1 | 2.1 |
| (C2) Coke and refined petroleum products | 28 | 113.3 | -8.4 | -9.8 |
| (C3) Electrical & electronic equip., computers, mach. | 137 | 100.5 | -0.1 | 0.7 |
| (C4) Transport equipment | 297 | 103.0 | -0.5 | 2.0 |
| (C5) Other manufactured products | 415 | 100.8 | -0.2 | -0.5 |
| All markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 102.1 | -0.7 | 0.0 |
| CZ: Manufactured products | 839 | 102.6 | -0.6 | -0.1 |
| (C1) Food products, beverages, tobacco | 171 | 101.7 | 0.5 | 1.6 |
| (C2) Coke and refined petroleum products | 38 | 116.1 | -10.1 | -9.8 |
| (C3) Electrical & electronic equip., computers, mach. | 93 | 101.0 | 0.0 | 0.6 |
| (C4) Transport equipment | 152 | 102.2 | -0.2 | 1.5 |
| (C5) Other manufactured products | 385 | 102.2 | -0.2 | -0.1 |
- Source: INSEE.
Import price indices of industrial products: –1,3%
In June 2019, the import prices of industrial products declined by 1.3% after a stability in May. In the wake of the oil price, imported hydrocarbon prices plunged, as those of coke and refined petroleum products (−10.0% after –0.1% in May). The import prices of “other industrial products” decreased slightly (–0.2% after –0.1%), as each product family price was virtually stable or down. Year on year, the import prices of industrial products shrank in June 2019 (–1.1% after +0.6%), for the first time since December 2016.
tableauImport prices of industrial products
| Change in % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 in CPF rev. 2 | Weight | June 19 | In 1 month | In 1 year |
| BE:TOTAL INDUSTRY | 1000 | 101.3 | -1.3 | -1.1 |
| CZ: Manufactured products | s | 100.9 | -0.6 | -0.4 |
| (C1) Food products, beverages, tobacco | 76 | 103.3 | 0.0 | -0.5 |
| (C2) Coke and refined petroleum products | 38 | 112.1 | -10.0 | -11.3 |
| (C3) Electrical & electronic equip., computers, mach. | 220 | 98.6 | -0.1 | 0.3 |
| (C4) Transport equipment | 184 | 100.9 | 0.0 | 1.3 |
| (C5) Other manufactured products | s | 100.6 | -0.2 | -0.1 |
- s: confidential
- Source: INSEE.
tableauRevision of variations
| Mar.19 / Feb.19 | Apr.19 / Mar.19 | May 19 / Apr.19 | |
|---|---|---|---|
| French producer prices in industry sold on: | |||
| - the French market | // | -0,1 | // |
| - the foreign markets | // | // | // |
| - all markets | // | // | // |
| 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 April 2019 and May 2019 is unchanged: -0.4% as it was published in June.
For further information
Next publication: 30 August 2019 at 8.45 a.m.
Pour en savoir plus
Next publication: 30 August 2019 at 8.45 a.m.
