Insee
Informations Rapides · 26 February 2021 · n° 053
Informations rapidesIn January 2021, industrial producer prices rose by 1.2% Industrial Producer and Import Price Indices - January 2021

The industrial producer prices rose by 1.2% in January 2021, after +0.9% in the previous month, mainly as a result of strong increases in raw material prices and tariff revaluations. They increased for the home market (+1.2% after +1.1%) as well as for the foreign markets (+1.3% after +0.7%). Year on year, the industrial producer prices were virtually stable (+0.1% after –1.2%).

Informations rapides
No 053
Paru le :Paru le26/02/2021
Prochaine parution le : 27/09/2024 at 08:45 - August 2024
Imprimer
Découvrir la collection

Total Industry price indices

Total Industry price indices
PPI for all markets PPI for home market PPI for foreign markets Import prices
2015-01 99.8 100.0 98.9 99.4
2015-02 100.8 101.0 100.1 101.0
2015-03 101.0 101.1 100.6 101.6
2015-04 100.9 100.8 101.1 102.2
2015-05 100.4 100.4 100.6 102.5
2015-06 100.6 100.5 100.7 102.0
2015-07 100.5 100.3 100.9 100.8
2015-08 99.4 99.2 99.8 99.3
2015-09 99.3 99.2 99.4 98.6
2015-10 99.4 99.4 99.5 98.1
2015-11 99.5 99.5 99.6 98.2
2015-12 98.5 98.4 98.9 96.5
2016-01 97.5 97.3 98.2 94.7
2016-02 96.9 96.9 97.2 94.1
2016-03 97.2 97.1 97.4 95.0
2016-04 96.7 96.5 97.4 95.0
2016-05 97.1 97.0 97.7 95.9
2016-06 97.5 97.4 98.0 96.4
2016-07 97.6 97.5 97.9 96.4
2016-08 97.5 97.4 97.9 96.2
2016-09 97.8 97.7 98.2 96.5
2016-10 98.5 98.4 98.9 97.5
2016-11 99.1 99.0 99.3 97.5
2016-12 99.9 99.8 100.2 99.1
2017-01 100.9 100.7 101.7 99.7
2017-02 100.6 100.5 100.9 100.0
2017-03 100.1 100.0 100.4 99.7
2017-04 99.8 99.7 100.4 99.6
2017-05 99.3 99.1 100.1 98.8
2017-06 99.0 98.8 99.4 97.9
2017-07 98.9 98.9 99.2 97.6
2017-08 99.3 99.4 99.1 98.2
2017-09 99.7 99.8 99.6 99.0
2017-10 100.1 100.0 100.2 99.4
2017-11 101.5 101.7 101.1 100.2
2017-12 101.7 102.0 100.9 100.2
2018-01 101.5 102.0 100.3 100.4
2018-02 101.7 102.0 100.6 99.9
2018-03 101.8 102.2 100.7 100.1
2018-04 101.2 101.4 100.6 100.6
2018-05 101.8 102.1 101.3 102.0
2018-06 102.1 102.1 102.0 102.4
2018-07 102.6 102.7 102.2 102.7
2018-08 102.9 103.1 102.3 102.8
2018-09 103.3 103.6 102.5 103.6
2018-10 103.7 103.9 103.0 104.6
2018-11 103.9 104.4 102.5 102.8
2018-12 103.0 103.4 101.8 101.1
2019-01 103.4 103.7 102.4 101.2
2019-02 103.5 104.2 101.9 101.9
2019-03 103.5 104.1 101.9 102.0
2019-04 103.1 103.2 102.5 102.6
2019-05 102.6 102.7 102.2 102.6
2019-06 102.0 102.1 101.7 101.3
2019-07 102.4 102.5 102.0 101.4
2019-08 102.4 102.6 101.8 100.8
2019-09 102.7 102.7 102.4 101.6
2019-10 102.5 102.5 102.4 101.5
2019-11 103.6 103.9 102.7 101.6
2019-12 103.7 104.0 102.9 101.9
2020-01 103.6 103.8 102.8 101.5
2020-02 103.0 103.1 102.5 100.6
2020-03 101.5 101.5 101.2 97.2
2020-04 99.3 98.7 100.3 95.0
2020-05 99.2 98.7 100.0 95.2
2020-06 99.8 99.5 100.3 96.7
2020-07 100.2 99.9 100.7 97.3
2020-08 100.1 100.0 100.2 97.3
2020-09 100.5 100.3 100.8 97.1
2020-10 100.4 100.3 100.4 97.3
2020-11 101.6 101.9 100.5 97.7
2020-12 102.5 103.0 101.2 98.6
2021-01 103.7 104.2 102.5 100.0

Total Industry price indices

  • Source: INSEE.

Producer prices in French industry: +1.2%

The industrial producer prices rose by 1.2% in January 2021, after +0.9% in the previous month, mainly as a result of strong increases in raw material prices and tariff revaluations. They increased for the home market (+1.2% after +1.1%) as well as for the foreign markets (+1.3% after +0.7%). Year on year, the industrial producer prices were virtually stable (+0.1% after –1.2%).

HOME MARKET: +1.2%

The industrial producer prices for the home market increased by 1.2% in January 2021 (after +1.1%): the prices of mining and quarrying products, energy and water sped up and those of manufactured products remained dynamic (+0.8% after +0.7%). Year on year, the industrial producer prices for the home market rebounded slightly in January 2021 (+0.4% after –1.0%), breaking with the drops observed from February to December 2020.

Acceleration in prices of mining and quarrying products, energy and water

In January 2021, the prices of mining and quarrying products, energy and water sped up (+2.5% after +1.9%): the prices of electricity, gas, steam and air conditioning rose by 1.8% again, as a result of a strong demand due to low winter temperatures. Furthermore, the prices of waste collection, treatment and disposal services and materials recovery services kept rising strongly (+7.7% after +3.9%), in connection with metal price increases. Year on year, the prices of mining and quarrying products, energy and water sped up sharply in January 2021 (+4.1% after +1.8%).

Deceleration in refined petroleum product prices

In the wake of crude oil prices, the prices of refined petroleum products rose by 9.6% in January 2021 over a month (after +12.9%). Year on year, they kept falling (–23.4% after –31.2%).

French Producer Price Indices of coke and refined petroleum products sold on the home market

French Producer Price Indices of coke and refined petroleum products sold on the home 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
2019-10 117.6
2019-11 117.0
2019-12 119.6
2020-01 117.8
2020-02 107.7
2020-03 70.0
2020-04 46.4
2020-05 57.0
2020-06 72.5
2020-07 78.9
2020-08 76.5
2020-09 70.8
2020-10 70.9
2020-11 72.9
2020-12 82.3
2021-01 90.2

French Producer Price Indices of coke and refined petroleum products sold on the home market

  • Source: INSEE.

Acceleration in prices of the “other industrial products”

The prices of the “other industrial products” rose by 0.8% in January 2021, after +0.4%. Due to a surge in raw material prices, the prices of basic metals sped up strongly (+5.0% after +0.6%) and those of fabricated metal products rose by 0.4% (after +0.2%). The prices of chemicals and chemical products remained dynamic (+1.5% after +1.7%), following increases of oil prices. The prices of repair and installation services of machinery and equipment rose also (+0.6% after a stability) due to tariff revaluations. Year on year, the prices of the “other industrial products” turned up slightly in January 2021 (+0.2% after –0.7%).

Downturn in food and beverage prices

In January 2021, the food and beverage prices decreased by 0.2% (after +0.5%): the fall in prices of preserved meat and meat products (–1.9% after +1.2%) was partially offset by the rise in those of dairy products (+0.6% after –0.3%). Year on year, the food and beverage prices were virtually stable (–0.1% after –0.2%).

Rise in transport equipment prices

In January 2021, the prices of transport equipment rose by 0.3% over a month (after +0.1%) and by 2.5% over a year (after +2.3%).

Virtual stability in the prices of electrical, computer and electronic equipment and machinery

In January 2021, the prices of electrical, computer and electronic equipment and machinery remained virtually stable over a month (+0.1% as in the previous month) and rose by 0.2% over a year (after +0.3%).

French Producer Price Indices of manufactured products sold on the home market

French Producer Price Indices of manufactured products sold on the home market
C1 C3 C4 C5
2015-01 99.8 100.2 99.9 100.0
2015-02 99.9 100.2 99.9 99.9
2015-03 99.8 100.2 99.9 100.2
2015-04 99.9 100.2 99.9 100.6
2015-05 99.9 100.0 99.9 100.8
2015-06 99.9 100.0 99.8 100.8
2015-07 100.2 100.0 99.8 100.8
2015-08 100.5 99.6 100.0 100.2
2015-09 100.3 99.7 100.1 99.6
2015-10 100.2 100.0 100.3 99.2
2015-11 99.9 100.0 100.4 99.0
2015-12 99.7 99.9 100.1 98.8
2016-01 99.3 99.7 100.2 98.4
2016-02 99.1 99.5 100.1 98.1
2016-03 98.6 99.7 100.1 97.9
2016-04 98.5 99.6 100.1 98.0
2016-05 98.4 99.6 100.1 98.3
2016-06 98.5 99.9 100.0 98.6
2016-07 98.9 99.6 100.0 98.6
2016-08 98.8 99.7 99.9 98.5
2016-09 98.8 99.7 99.9 98.5
2016-10 99.1 99.6 100.0 98.7
2016-11 99.2 99.5 100.0 98.8
2016-12 99.2 99.4 100.1 99.0
2017-01 99.2 100.1 100.1 99.6
2017-02 99.6 99.9 100.1 100.1
2017-03 99.8 100.0 100.1 100.4
2017-04 100.1 99.9 100.2 100.7
2017-05 100.1 99.8 100.3 100.8
2017-06 100.4 99.9 100.3 100.7
2017-07 100.4 99.8 100.3 100.4
2017-08 100.6 99.7 100.4 100.5
2017-09 100.5 99.7 100.4 100.7
2017-10 100.4 99.8 100.4 101.0
2017-11 100.3 100.0 100.6 100.9
2017-12 100.4 100.1 100.6 101.1
2018-01 100.0 100.7 100.5 101.6
2018-02 100.1 100.3 100.5 101.9
2018-03 100.4 100.5 100.6 102.1
2018-04 100.1 100.6 100.6 102.2
2018-05 100.2 100.8 100.5 102.7
2018-06 100.1 100.9 100.6 102.8
2018-07 100.4 100.7 100.6 102.9
2018-08 100.6 100.9 100.6 103.0
2018-09 100.7 100.9 100.5 103.1
2018-10 100.7 100.8 100.7 103.0
2018-11 101.1 101.0 100.9 102.9
2018-12 101.4 101.0 101.0 102.6
2019-01 101.2 101.4 100.9 102.7
2019-02 101.2 101.3 101.0 102.8
2019-03 100.9 101.3 101.1 103.0
2019-04 101.0 101.5 101.2 103.1
2019-05 101.1 101.3 101.3 103.1
2019-06 101.3 101.3 101.4 102.8
2019-07 101.5 101.3 101.6 102.6
2019-08 101.6 101.4 101.6 102.6
2019-09 101.5 101.7 101.7 102.5
2019-10 101.8 101.8 102.1 102.3
2019-11 102.1 101.8 102.3 102.0
2019-12 102.5 101.8 102.7 101.9
2020-01 102.2 102.0 102.8 101.8
2020-02 102.2 102.3 102.9 101.6
2020-03 102.3 102.0 102.9 101.1
2020-04 102.0 101.9 103.1 100.7
2020-05 101.7 102.1 103.2 100.4
2020-06 101.6 102.0 103.7 100.7
2020-07 101.6 101.9 103.7 100.7
2020-08 101.4 102.0 103.9 100.7
2020-09 101.3 102.2 104.2 100.7
2020-10 101.8 102.2 104.6 100.8
2020-11 101.8 102.0 105.0 100.8
2020-12 102.3 102.1 105.1 101.2
2021-01 102.1 102.2 105.4 102.0

French Producer Price Indices of manufactured products sold on the home market

  • Source: INSEE

FOREIGN MARKETS: +1.3%

In January 2021, the industrial export producer prices sped up (+1.3% after +0.7%), as well as those of manufactured products (+1.1% after +0.3%). Year on year they remained nevertheless down (–0.3% after –1.7%).

The prices of the “other industrial products” sped up markedly (+1.8% after +0.4%), driven by those of basic metals (+6.0% after +0.9%), of basic pharmaceutical products and pharmaceutical preparations (+4.7% after –0.5%) and of chemicals and chemical products (+1.4% after +1.1%). Year on year, they bounced back (+0.5% after –1.4%).

The prices of refined petroleum products slowed down slightly over a month (+11.3% after +14.0%) and kept declining sharply over a year (–20.2% after –29.8%).

The prices of transport equipment recovered over a month (+0.5% after –0.5%) and decreased by 1.2% over a year (after –1.6%).

Those of food products and beverages remained virtually stable over a month (+0.1% after –0.1%) but declined by 2.3% over a year (after –1.9%).

At last, the prices of electrical, computer and electronic equipment and machinery were stable over a month (after –0.1%) and decreased by 0.6% over a year (after –0.2%).

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 January 21 In 1 month In 1 year
Home market
BE: TOTAL INDUSTRY 1000 104.2 1.2 0.4
(DE) Mining and quarrying, energy, water 232 112.2 2.5 4.1
CZ: Manufactured products 768 101.9 0.8 -0.8
  (C1) Food products, beverages, tobacco 199 102.1 -0.2 -0.1
  (C2) Coke and refined petroleum products 36 90.2 9.6 -23.4
  (C3) Electrical & electronic equip., computers, mach. 74 102.2 0.1 0.2
  (C4) Transport equipment 99 105.4 0.3 2.5
  (C5) Other manufactured products 360 102.0 0.8 0.2
Foreign markets
BE: TOTAL INDUSTRY 1000 102.5 1.3 -0.3
CZ: Manufactured products 979 101.6 1.1 -1.1
  (C1) Food products, beverages, tobacco 92 101.1 0.1 -2.3
  (C2) Coke and refined petroleum products 21 89.8 11.3 -20.2
  (C3) Electrical & electronic equip., computers, mach. 137 100.4 0.0 -0.6
  (C4) Transport equipment 307 105.9 0.5 -1.2
  (C5) Other manufactured products 422 99.9 1.8 0.5
All markets
BE: TOTAL INDUSTRY 1000 103.7 1.2 0.1
CZ: Manufactured products 829 101.8 0.8 -1.0
  (C1) Food products, beverages, tobacco 168 102.0 -0.1 -0.4
  (C2) Coke and refined petroleum products 32 89.8 9.9 -22.8
  (C3) Electrical & electronic equip., computers, mach. 92 101.4 0.1 -0.1
  (C4) Transport equipment 159 105.5 0.3 0.4
  (C5) Other manufactured products 378 101.3 1.1 0.3
  • Source: INSEE.

Import price indices of industrial products: +1.4%

The import prices of industrial products kept speeding up in January 2021 (+1.4% after +0.9% in December 2020 and +0.4% in November 2020), driven by the prices of manufactured products (+0.9% after +0.5%) and of unrefined hydrocarbons. Year on year, they declined by 1.5% in January 2021 (after –3.2%).

The prices of the “other industrial products” sped up sharply in January 2021 (+1.4% after +0.3%), driven by those of chemicals and chemical products (+2.7% after +0.1%), of basic pharmaceutical products and pharmaceutical preparations (+3.5% after –0.2%) and of basic metals (+4.0% after +2.1%). They turned up year on year (+0.5% after –0.5%).

The prices of coke and refined petroleum products slowed down slightly over a month (+8.5% after +12.1%) and declined by 25.9% over a year (after –35.1%).

The prices of transport equipment decreased by 0.5% over a month (after +0.2%), notably due to the fall in motor vehicle prices (–1.7% after –0.3%), as a result of a lower demand.

The prices of electrical, computer and electronic equipment and machinery were virtually stable over a month (+0.1% after a stability) and over a year (–0.1% after +0.3%).

At last, the prices of food products, beverages and tobacco were up anew (+0.5% after a stability) and bounced back slightly over a year (+0.3% after –0.2%).

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 January 21 In 1 month In 1 year
BE: TOTAL INDUSTRY 1000 100.0 1.4 -1.5
CZ: Manufactured products s 100.4 0.9 -0.7
  (C1) Food products, beverages, tobacco 73 103.4 0.5 0.3
  (C2) Coke and refined petroleum products 39 84.2 8.5 -25.9
  (C3) Electrical & electronic equip., computers, mach. 225 98.6 0.1 -0.1
  (C4) Transport equipment 188 102.1 -0.5 0.4
  (C5) Other manufactured products s 101.1 1.4 0.5
  • s: confidential
  • Source: INSEE.

Revision of variations

In %
Revision of variations (In %)
Oct. 20 / Sept. 20 Nov. 20 / Oct. 20 Dec. 20 / Nov. 20
French producer prices in industry sold on:
  - the home market // -0.1 +0.3
  - the foreign markets // // //
  - all markets // // +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 home market between November 2020 and December 2020 has been revised by +0.3 points: published in January 2021 equal to +0.8%, it has been updated to +1.1%.

For further information

Definition

The producer price indices in industry measure the change of producer prices of goods and services, linked to a given industrial activity and sold on the home market or on the foreign markets.

The import price indices of industrial products measure the change of transaction prices of goods and services purchased by economic agents established on French territory to non-resident agents.

Calculation method

They are calculated on the basis of the results of the survey « Observation of prices in industry and services » (Opise), which is operated by INSEE.

The methodological documentation is available at the following address: https://www.insee.fr/en/metadonnees/source/indicateur/p1639/description

Next publication: 31 March 2021 at 8.45 a.m.

Documentation

Producer and Import Price Index in Industry

Aggregated classification - NA, 2008

French classification of products - CPF Rev. 2.1, 2015

Pour en savoir plus

Definition

The producer price indices in industry measure the change of producer prices of goods and services, linked to a given industrial activity and sold on the home market or on the foreign markets.

The import price indices of industrial products measure the change of transaction prices of goods and services purchased by economic agents established on French territory to non-resident agents.

Calculation method

They are calculated on the basis of the results of the survey « Observation of prices in industry and services » (Opise), which is operated by INSEE.

The methodological documentation is available at the following address: https://www.insee.fr/en/metadonnees/source/indicateur/p1639/description

Next publication: 31 March 2021 at 8.45 a.m.

: bureau-de-presse@insee.fr
:

Publication calendar

Time series : Industrial Producer and Import Price Indices