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Informations Rapides · 30 April 2021 · n° 114
Informations rapidesIn March 2021, industrial producer prices rose by 0.9% Industrial Producer and Import Price Indices - March 2021

The industrial producer prices kept rising in March 2021 (+0.9%, as in the previous month), mainly due to persistent increases in raw material prices. Prices for the home market increased by 1.0% while those for the foreign markets grew by 0.9%. Year on year, the industrial producer prices surged: +4.0% (after +1.7% in the previous month).

Informations rapides
No 114
Paru le :Paru le30/04/2021
Prochaine parution le : 28/06/2024 at 08:45 - May 2024
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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 97.8
2020-12 102.6 103.1 101.2 98.7
2021-01 103.8 104.2 102.5 100.1
2021-02 104.7 105.1 103.4 101.8
2021-03 105.6 106.1 104.3 102.5

Total Industry price indices

  • Source: INSEE

Producer prices in French industry: +0.9%

The industrial producer prices kept rising in March 2021 (+0.9%, as in the previous month), mainly due to persistent increases in raw material prices. Prices for the home market increased by 1.0% while those for the foreign markets grew by 0.9%. Year on year, the industrial producer prices surged: +4.0% (after +1.7% in the previous month).

HOME MARKET: +1.0%

The industrial producer prices for the home market increased by 1.0% in March 2021, after +0.9% in the previous month. They were driven up by the prices of manufactured products (+0.9% after +1.0%) and, to a lesser extent, by those of mining and quarrying products, energy and water. Year on year, the industrial producer prices for the home market sped up sharply in March 2021 (+4.5% after +1.9%).

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

In March 2021, the prices of mining and quarrying products, energy and water sped up slightly (+0.9% after +0.4%). The prices of sorted materials recovery services and secondary raw materials bounced back sharply (+8.7% after –0.2%), following increases in metal and paper prices. In addition, electricity production and trade prices also rose slightly (+0.9% after +0.2%), below-normal temperatures boosting demand. Year on year, the prices of mining and quarrying products, energy and water sped up again in March 2021 (+7.1% after +6.1% in February 2021 and +4.4% in January 2021).

Dynamism in prices of the “other industrial products”

The prices of the “other industrial products” went up by 0.7% in March 2021, after +0.9%. Due to rises in raw material prices, the prices of chemicals and chemical products kept speeding up (+3.9% after +3.4%), while those of basic metals slowed down (+1.5% after +4.1%). Year on year, the prices of the “other industrial products” grew by 2.5% in March 2021 (after +1.3%).

Deceleration in refined petroleum product prices

In the wake of crude oil prices, the prices of refined petroleum products rose by 6.4% in March 2021 over a month (after +11.6%). Year on year, they bounced back very strongly (+53.0% after –6.5%).

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
2021-02 100.7
2021-03 107.1

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

  • Source: INSEE.

Rise in food and beverage prices

In March 2021, the food and beverage prices rose by 0.8% over a month (after +0.2%), as over a year, driven up by those of processed and preserved meat (+2.4% after –0.4%) and those of oils and fats (+6.1% after +4.1%).

Rise in the prices of electrical, computer and electronic equipment and machinery

In March 2021, the prices of electrical, computer and electronic equipment and machinery increased by 0.5% over a month (after +0.3%), driven up by those of machinery and equipment n.e.c. (+0.6% after +0.4%). Year on year, they rose by 1.0% (after +0.2%).

Stability in transport equipment prices

In March 2021, the prices of transport equipment remained stable over a month and grew by 2.4% over a year (as in the previous month).

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
2020-12 102.3 102.2 105.1 101.3
2021-01 102.1 102.2 105.4 102.0
2021-02 102.3 102.5 105.4 102.9
2021-03 103.1 103.0 105.4 103.6

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

  • Source: INSEE

FOREIGN MARKETS: +0.9%

In March 2021, the export producer prices for the whole industry kept rising by 0.9%, driven up by those of manufactured products (+1.0% after +0.8%). Year on year they sped up sharply (+3.1% after +0.9%).

The prices of the “other industrial products” remained on an upward trend (+1.2% after +1.3%), driven up by those of chemicals and chemical products (+2.1% after +3.0%) and those of basic metals (+3.4% after +2.6%). Year on year, the prices of the “other industrial products” rose by 3.6% in March 2021 (after +2.0% in the previous month).

The prices of transport equipment rose by 0.5% over a month (after +0.2%) and fell by 0.4% over a year (after –1.9%).

The prices of refined petroleum products sped up slightly over a month (+6.3% after +4.2%) and bounced back strongly over a year (+40.7% after –4.8%).

Those of food products and beverages remained dynamic over a month (+0.9% after +1.0%), driven up by those of distilled alcoholic beverages (+3.3% after +5.9%) and those of preserved meat and meat products (+2.8% after +0.4%). Year on year, they remained nevertheless down (–1.1% after –1.9%).

At last, the prices of electrical, computer and electronic equipment and machinery kept rising by 0.4%, driven up mainly by machinery and equipment n.e.c. prices (+0.4% after +0.5%). Year on year, they turned up (+0.3% 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 March 21 In 1 month In 1 year
Home market
BE: TOTAL INDUSTRY 1000 106.1 1.0 4.5
(DE) Mining and quarrying, energy, water 232 114.0 0.9 7.1
CZ: Manufactured products 768 103.8 0.9 3.6
  (C1) Food products, beverages, tobacco 199 103.1 0.8 0.8
  (C2) Coke and refined petroleum products 36 107.1 6.4 53.0
  (C3) Electrical & electronic equip., computers, mach. 74 103.0 0.5 1.0
  (C4) Transport equipment 99 105.4 0.0 2.4
  (C5) Other manufactured products 360 103.6 0.7 2.5
Foreign markets
BE: TOTAL INDUSTRY 1000 104.3 0.9 3.1
CZ: Manufactured products 979 103.5 1.0 2.1
  (C1) Food products, beverages, tobacco 92 102.8 0.9 -1.1
  (C2) Coke and refined petroleum products 21 102.3 6.3 40.7
  (C3) Electrical & electronic equip., computers, mach. 137 101.2 0.4 0.3
  (C4) Transport equipment 307 106.6 0.5 -0.4
  (C5) Other manufactured products 422 102.4 1.2 3.6
All markets
BE: TOTAL INDUSTRY 1000 105.6 0.9 4.0
CZ: Manufactured products 829 103.7 0.9 3.0
  (C1) Food products, beverages, tobacco 168 103.1 0.8 0.5
  (C2) Coke and refined petroleum products 32 105.8 6.3 50.3
  (C3) Electrical & electronic equip., computers, mach. 92 102.2 0.5 0.7
  (C4) Transport equipment 159 105.9 0.2 0.8
  (C5) Other manufactured products 378 103.2 0.8 2.8
  • Source: INSEE.

Import price indices of industrial products: +0.7%

In March 2021, the import prices of industrial products were still on the rise (+0.7% after +1.7%), in line with increases in raw material prices. They sped up sharply over a year (+5.5% after +1.2%).

The prices of the “other industrial products” kept on rising by 1.2% (after +1.1%), driven up by those of chemicals and chemical products (+4.1% after +3.9%) and those of basic metals (+2.0% after +3.3%). Year on year, the prices of the “other industrial products” reached their highest increase since October 2011: +3.7% (after +2.0%).

The prices of coke and refined petroleum products slowed down over a month (+4.0% after +12.5%) and bounced back sharply over a year (+35.2% after –14.2%).

Those of transport equipment grew by 0.7% over a month (after +0.1%) and by 1.4% over a year (after +0.5%).

At last, the prices of food products, beverages and tobacco increased by 0.8% over a month (after +0.7%), driven up by those of dairy and cheese products (+3.4% after +1.2%) and those of processed and preserved meat (+2.5% after –0.1%). Year on year, they sped up sharply (+1.8% after +0.7%).

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 March 21 In 1 month In 1 year
BE: TOTAL INDUSTRY 1000 102.5 0.7 5.5
CZ: Manufactured products s 102.4 0.9 3.1
  (C1) Food products, beverages, tobacco 73 104.7 0.8 1.8
  (C2) Coke and refined petroleum products 39 98.4 4.0 35.2
  (C3) Electrical & electronic equip., computers, mach. 225 98.8 0.2 0.1
  (C4) Transport equipment 188 103.0 0.7 1.4
  (C5) Other manufactured products s 103.8 1.2 3.7
  • s: confidential
  • Source: INSEE.

Revision of variations

In %
Revision of variations (In %)
Dec. 20 / Nov. 20 Jan. 21 / Dec. 20 Feb. 21 / Jan. 21
French producer prices in industry sold on:
  - the home market +0.1 -0.1 +0.1
  - the foreign markets // +0.2 +0.1
  - all markets +0.1 // +0.1
Import prices of industrial products // // +0.1
  • (1) How to read it: the variation of the producer price index in industry for products sold on the home market between January 2021 and February 2021 has been revised by +0.1 points: published in March 2021 equal to +0.8%, it has been updated to +0.9%.

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: 28 May 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: 28 May 2021 at 8.45 a.m.

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