20 December 2019
N° 2019-339

Producer prices in industry grew by 0.8% in November 2019Industrial Producer and Import Price Indices - November 2019

On all markets (French market and foreign markets), producer prices in industry rose again in November 2019 (+0.8% after a stability in October). Prices for the French Market ramped up (+1.1% after –0.2%) while those for foreign markets increased slightly (+0.2% after a stability). Year on year, producer prices in industry kept however declining in November 2019 (–0.5% after –1.1%).

Informations rapides
No 339
Paru le : Paru le 20/12/2019
Prochaine parution le : 27/11/2020 at 08:45 - October 2020
Informations rapides  No 339 - December 2019

Producer prices in French industry: +0.8% in November 2019

On all markets (French market and foreign markets), producer prices in industry rose again in November 2019 (+0.8% after a stability in October). Prices for the French Market ramped up (+1.1% after –0.2%) while those for foreign markets increased slightly (+0.2% after a stability). Year on year, producer prices in industry kept however declining in November 2019 (–0.5% after –1.1%).

Total Industry price indices

Total 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
2019-05 102.7 102.2 102.6 102.6
2019-06 102.1 101.7 102.0 101.3
2019-07 102.5 102.0 102.4 101.4
2019-08 102.6 101.8 102.4 100.8
2019-09 102.7 102.4 102.6 101.6
2019-10 102.5 102.4 102.6 101.5
2019-11 103.6 102.6 103.4 101.8

Total Industry price indices

  • Source: INSEE.

FRENCH MARKET: +1.1% in November 2019

French producer prices in industry for the French market recovered in November 2019 (+1.1% after –0.2%), driven up by the prices of mining and quarrying products, energy and water. On the contrary, manufactured product prices stabilized (after –0.2%). Year on year, French producer prices in industry for the French market kept declining in November 2019 (–0.8% after –1.3%).

Seasonal rise in prices of mining and quarrying products, energy and water

In November 2019, the prices of mining and quarrying products, energy and water sped up strongly (+4.7% after a stability) owing to a seasonal rise in producer prices of electricity, gas, steam and air conditioning (+6.2% after +0.6%), especially those of electricity transmission due to the switch to the winter rate. Year on year, the decline in prices of mining and quarrying products, energy and water strengthened in November 2019 (–1.8% after –1.4%).

Slight decrease in prices of “other industrial products”

The prices of “other industrial products” fell by 0.2% in November 2019 (after –0.1% in October). Chemical product prices decreased significantly (–1.0% after –0.4%), such as those of rubber and plastics products (–0.4% after –0.2%). On the contrary, the prices of wearing apparel sped up (+1.3% after +0.3%). Year on year, the prices of “other industrial products” kept decreasing (–0.8% after –0.7%).

New rise in food and beverage prices

In November 2019, food and beverage prices grew by 0.3%, as in October. Prices of meat and meat products sped up again (+1.4% after +1.2%), due to the persistent surge in pork meat prices combined with seasonal holiday season increases. Year on year, food and beverage prices grew by 1.0% in November 2019 (after +1.1%).

Producer price indices of manufactured products sold on the French market

Producer 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
2019-04 101.5 103.1 101.0 101.2
2019-05 101.3 103.1 101.1 101.3
2019-06 101.3 102.8 101.3 101.4
2019-07 101.3 102.6 101.5 101.6
2019-08 101.4 102.6 101.6 101.6
2019-09 101.6 102.4 101.5 101.7
2019-10 101.5 102.3 101.8 102.0
2019-11 101.6 102.1 102.1 102.3

Producer price indices of manufactured products sold on the French market

  • Source: INSEE.

Slight fall in prices of refined petroleum products

The prices of refined petroleum products kept decreasing in November 2019 (–0.6% after –3.1%). Year on year, their decline reduced (–7.0% after –17.5%).

Producer 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
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
2019-06 117.5
2019-07 122.3
2019-08 115.7
2019-09 121.5
2019-10 117.7
2019-11 117.0

Producer price indices of coke and refined petroleum products sold on the French market

  • Source: INSEE.

FOREIGN MARKETS: +0.2% in November 2019

The producer prices of French industrial products on foreign markets grew by 0.2% in November 2019 (after a stability), driven up by those of electricity.

Manufactured export prices stabilized (after –0.1%), the fall in export prices of “other industrial products” (–0.2% after –0.6% in October) was offset by the slight rises in export prices of food and beverages (+0.4% after +0.3%) and refined petroleum products (+0.2% after –0.7%).

Year on year, the producer prices of French industrial products on foreign markets stabilized in November 2019 (+0.1% after –0.6%).

French Producer Price Indices in industry according to the market where the products are sold

reference year: 2015
French Producer Price Indices in industry according to the market where the products are sold (reference year: 2015)
Change in %
Levels A 10 and A 17 in CPF rev. 2 Weight November 19 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 103.6 1.1 -0.8
(DE) Mining and quarrying, energy, water 221 106.8 4.7 -1.8
CZ: Manufactured products 779 102.7 0.0 -0.5
   (C1) Food products, beverages, tobacco 199 102.1 0.3 1.0
   (C2) Coke and refined petroleum products 42 117.0 -0.6 -7.0
   (C3) Electrical & electronic equip., computers, mach. 74 101.6 0.1 0.6
   (C4) Transport equipment 91 102.3 0.3 1.4
   (C5) Other manufactured products 373 102.1 -0.2 -0.8
Foreign markets
BE:TOTAL INDUSTRY 1000 102.6 0.2 0.1
CZ: Manufactured products 981 102.3 0.0 0.7
   (C1) Food products, beverages, tobacco 104 102.5 0.4 2.1
   (C2) Coke and refined petroleum products 28 115.7 0.2 -1.6
   (C3) Electrical & electronic equip., computers, mach. 137 100.8 0.0 1.1
   (C4) Transport equipment 297 105.8 0.1 3.7
   (C5) Other manufactured products 415 99.5 -0.2 -1.6
All markets
BE:TOTAL INDUSTRY 1000 103.4 0.8 -0.5
CZ: Manufactured products 839 102.6 -0.1 -0.1
   (C1) Food products, beverages, tobacco 171 102.2 0.3 1.2
   (C2) Coke and refined petroleum products 38 116.3 -0.4 -5.9
   (C3) Electrical & electronic equip., computers, mach. 93 101.3 0.1 0.9
   (C4) Transport equipment 152 104.2 0.3 2.9
   (C5) Other manufactured products 385 101.3 -0.2 -1.1
  • Source: INSEE.

Import price indices of industrial products: +0.3% in November 2019

In November 2019, the import prices of industrial products increased by 0.3% (after –0.1%), driven up by hydrocarbon import prices. Those of manufactured products remained virtually stable (–0.1% as in October).

The import prices of “other industrial products” declined by 0.3% (after a stability), mainly those of chemical products (–0.8% after –0.3%) and basic metals (–1.0% after –0.4%).

Food, beverage and tobacco import prices recovered (+0.2% after –0.3%), due to the rebound in prices of meat and meat products (+1.2% after –0.9%) and those of dairy and cheese products (+1.7% after –3.2%).

Import prices for coke and refined petroleum products fell slightly over one month (–0.3% after –1.2%) and more considerably over one year (–4.9% after –15.9%).

Year on year, import prices of industrial products kept declining in November 2019 (–1.0%), but at a more reduced pace than in October (–3.0%).

Import prices of industrial products

reference year: 2015
Import prices of industrial products (reference year: 2015)
Change in %
Levels A 10 and A 17 in CPF rev. 2 Weight November 19 In 1 month In 1 year
BE:TOTAL INDUSTRY 1000 101.8 0.3 -1.0
CZ: Manufactured products s 101.1 -0.1 -0.5
   (C1) Food products, beverages, tobacco 76 102.7 0.2 -0.3
   (C2) Coke and refined petroleum products 38 116.5 -0.3 -4.9
   (C3) Electrical & electronic equip., computers, mach. 220 98.6 0.0 0.0
   (C4) Transport equipment 184 101.5 0.2 1.5
   (C5) Other manufactured products s 100.5 -0.3 -1.0
  • s: confidential
  • Source: INSEE.

Revision of variations

In %
Revision of variations (In %)
August 19 / July 19 Sept. 19 / August 19 Oct. 19 / Sept. 19
French producer prices in industry sold on:
   - the French market +0.1 +0.1 -0.1
   - the foreign markets -0.1 // //
   - all markets // // +0.1
Import prices of industrial products -0.1 +0.1 //
  • (1) How to read it: the variation of the producer price index in industry for products sold on the French Market between September 2019 and October 2019 has been revised by –0.1 points: published in November 2019 equal to –0.1%, it has been updated to –0.2%.

For further information

Next publication: 31 January 2020 at 8.45 a.m.

Next publication: 31 January 2020 at 8.45 a.m.


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