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Informations Rapides · 30 June 2021 · n° 171
Informations rapidesIn May 2021, industrial producer prices rose by 0.4% over a month and by 6.6% over a year Industrial Producer and Import Price Indices - May 2021

The industrial producer prices rose by 0.4% in May 2021 (after –0.4%): the prices for the home market recovered (+0.5% after –0.8%) while those for the foreign markets slowed down (+0.3% after +0.7%). Year on year, the industrial producer prices kept rising strongly (+6.6% after +6.0%), as a consequence of the low prices observed in the spring of 2020 in connection with the health crisis but also of the recent surges in some raw material prices due to the economic recovery.

Informations rapides
No 171
Paru le :Paru le30/06/2021
Prochaine parution le : 31/07/2025 at 08:45 - June 2025
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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
2021-01 103.8 104.2 102.6 100.3
2021-02 104.7 105.3 103.4 102.0
2021-03 105.7 106.2 104.4 102.7
2021-04 105.3 105.3 105.1 103.6
2021-05 105.7 105.8 105.4 105.2

Total Industry price indices

  • Source: INSEE

Producer prices in French industry: +0.4%

The industrial producer prices rose by 0.4% in May 2021 (after –0.4%): the prices for the home market recovered (+0.5% after –0.8%) while those for the foreign markets slowed down (+0.3% after +0.7%). Year on year, the industrial producer prices kept rising strongly (+6.6% after +6.0%), as a consequence of the low prices observed in the spring of 2020 in connection with the health crisis but also of the recent surges in some raw material prices due to the economic recovery.

HOME MARKET: +0.5%

The industrial producer prices for the home market recovered in May 2021 (+0.5% after –0.8%). Manufactured product prices sped up slightly (+0.8% after +0.6%) while those of mining and quarrying products, energy and water remained down. Year on year, the industrial producer prices for the home market rose by 7.2% in May 2021 (after +6.7%).

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

In May 2021, the prices of mining and quarrying products, energy and water fell by 0.4% (after –4.9%). Electricity production and trade prices kept decreasing in accordance with their seasonal pattern (–2.8% after –2.5%). On the contrary, those of trade services of gas through mains recovered sharply (+6.7% after –0.4%). Year on year, the prices of mining and quarrying products, energy and water rose by 11.0% (after +10.3%).

Persistent dynamism of prices of the “other industrial products”

The prices of the “other industrial products” remained very dynamic in May 2021 (+0.9% after +1.0%), mainly due to rises in raw material prices. The prices of chemicals and chemical products kept rising strongly (+2.7% after +2.8%), as did those of basic metals (+2.2% after +2.6%). Year on year, the prices of the “other industrial products” kept speeding up in May 2021 (+5.2% after +4.0% and +2.6%).

Rise in food and beverage prices

In May 2021, the food and beverage prices rose by 0.6% (after +0.4%), driven up by those of processed and preserved meat (+1.8%, as in the previous month) and of dairy and cheese products (+0.8% after +0.7%). Year on year, the food and beverage prices sped up sharply (+2.4% after +1.5%).

Moderate increase in refined petroleum product prices over a month

In the wake of crude oil prices, the prices of refined petroleum products recovered in May 2021 over a month (+3.4% after –0.9%). Over a year, they kept rising strongly (+92.5% after +128.7%).

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
2021-02 100.6
2021-03 107.1
2021-04 106.1
2021-05 109.7

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

  • Source: INSEE.

Slight rise in transport equipment prices

In May 2021, the prices of transport equipment rose slightly over a month (+0.3% after +0.1%), driven up by those of motor vehicles (+0.6% after +0.1%). Over a year, they grew by 2.8% (after +2.6%).

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

In May 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 1.1% over a year (after +1.2%).

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
2021-01 102.1 102.4 105.4 102.1
2021-02 102.2 102.6 105.6 103.1
2021-03 103.1 103.0 105.7 103.7
2021-04 103.5 103.1 105.8 104.7
2021-05 104.1 103.2 106.1 105.6

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

  • Source: INSEE

FOREIGN MARKETS: +0.3%

In May 2021, the export producer prices for the whole industry slowed down (+0.3% after +0.7%), as did those of manufactured prices (+0.4% after +0.5%). Nevertheless, they kept speeding up over a year (+5.4% after +4.8% and +3.2%).

The prices of the “other industrial products” remained on an upward trend over a month (+1.0% after +1.3%), driven up by those of basic metals (+3.3% after +3.5%) and of chemicals and chemical products (+1.4% after +1.3%). Year on year, the prices of the “other industrial products” kept speeding up in May 2021 (+7.8% after +5.9% and +3.9%).

In the wake of crude oil prices, the prices of refined petroleum products went on the rise again over a month (+3.8% after +0.1%) and remained very dynamic over a year (+102.3% after +121.7%).

On the contrary, transport equipment prices decreased in May 2021 over a month (–0.4% after –0.2%) and over a year (–2.0% after –1.8%).

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 May 21 In 1 month In 1 year
Home market
BE: TOTAL INDUSTRY 1000 105.8 0.5 7.2
(DE) Mining and quarrying, energy, water 233 108.4 -0.4 11.0
CZ: Manufactured products 767 105.2 0.8 6.0
  (C1) Food products, beverages, tobacco 199 104.1 0.6 2.4
  (C2) Coke and refined petroleum products 36 109.7 3.4 92.5
  (C3) Electrical & electronic equip., computers, mach. 74 103.2 0.1 1.1
  (C4) Transport equipment 99 106.1 0.3 2.8
  (C5) Other manufactured products 359 105.6 0.9 5.2
Foreign markets
BE: TOTAL INDUSTRY 1000 105.4 0.3 5.4
CZ: Manufactured products 980 104.5 0.4 4.0
  (C1) Food products, beverages, tobacco 95 102.8 0.0 -0.2
  (C2) Coke and refined petroleum products 21 105.2 3.8 102.3
  (C3) Electrical & electronic equip., computers, mach. 136 101.4 0.2 0.7
  (C4) Transport equipment 306 106.1 -0.4 -2.0
  (C5) Other manufactured products 422 105.0 1.0 7.8
All markets
BE: TOTAL INDUSTRY 1000 105.7 0.4 6.6
CZ: Manufactured products 829 105.0 0.7 5.3
  (C1) Food products, beverages, tobacco 169 104.0 0.6 2.1
  (C2) Coke and refined petroleum products 31 108.4 3.4 94.6
  (C3) Electrical & electronic equip., computers, mach. 92 102.4 0.2 0.9
  (C4) Transport equipment 159 106.0 0.0 0.1
  (C5) Other manufactured products 378 105.4 0.9 5.9
  • Source: INSEE.

Import price indices of industrial products: +1.5%

In May 2021, the import prices of industrial products sped up sharply (+1.5% after +0.9%), driven up by those of manufactured products (+0.9% after +0.7%) and of unrefined hydrocarbons. Over a year, they took off: +10.5% (after +9.1% in the previous month).

The prices of the “other industrial products” rose by 1.2% over a month (as in the previous month), due to the rise in raw material prices (steel, non-ferrous metals, oil, wood…). The prices kept rising strongly in particular for basic metals (+4.1% after +3.8%) and for chemicals and chemical products (+1.8% after +2.6%). Year on year, the prices of the “other industrial products” kept speeding up: +7.9% (after +5.8% and +4.0%).

The prices of coke and refined petroleum products rose by 4.0% over a month (after +0.8%) and by 92.0% over a year (after +84.9%).

Transport equipment prices increased over a month (+0.5% after a stability), driven by those of motor vehicles, trailers and semi-trailers (+0.7% after +0.1%). Over a year, they sped up (+1.6% after +1.2%).

At last, the prices of food products, beverages and tobacco rose by 0.5% over a month (after +0.8%) and by 4.0% over a year (after +3.3%).

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 May 21 In 1 month In 1 year
BE: TOTAL INDUSTRY 1000 105.2 1.5 10.5
CZ: Manufactured products s 104.2 0.9 6.3
  (C1) Food products, beverages, tobacco 73 106.1 0.5 4.0
  (C2) Coke and refined petroleum products 40 103.3 4.0 92.0
  (C3) Electrical & electronic equip., computers, mach. 225 99.2 0.1 0.5
  (C4) Transport equipment 188 103.4 0.5 1.6
  (C5) Other manufactured products s 106.6 1.2 7.9
  • s: confidential
  • Source: INSEE.

Revision of variations

In %
Revision of variations (In %)
Feb. 21 / Jan. 21 Mar. 21 / Feb. 21 Apr. 21 / Mar. 21
French producer prices in industry sold on:
  - the home market +0.1 -0.1 -0.5
  - the foreign markets // // -0.1
  - all markets // // -0.4
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 March 2021 and April 2021 is revised downwards by 0.5 points to –0.8%, mainly due to the revision of electricity, gas, steam and air conditioning prices.

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: 29 July 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: 29 July 2021 at 8.45 a.m.

: bureau-de-presse@insee.fr

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