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Informations Rapides · 27 October 2021 · n° 280
Informations rapidesIn September 2021, industrial producer prices rose by 1.6% over a month and by 10.8% over a year Industrial Producer and Import Price Indices - September 2021

In September 2021, the industrial producer prices accelerated over a month (+1.6% after +0.8% in the previous month), both on the home market (+1.7% after +1.0%) and the foreign markets (+1.6% after +0.6%). Year on year, their increase reached 10.8% (after +9.5% in August 2021).

Informations rapides
No 280
Paru le :Paru le27/10/2021
Prochaine parution le : 30/04/2024 at 08:45 - March 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
2021-01 103.8 104.2 102.6 100.3
2021-02 104.7 105.3 103.4 102.0
2021-03 105.8 106.3 104.4 102.7
2021-04 105.4 105.5 105.2 103.7
2021-05 105.8 105.9 105.4 105.4
2021-06 107.2 107.3 106.8 107.0
2021-07 108.7 108.9 107.9 109.3
2021-08 109.6 110.0 108.6 110.5
2021-09 111.4 111.9 110.3 113.6

Total Industry price indices

  • Source: INSEE

Producer prices in the French industry: +1.6%

In September 2021, the industrial producer prices accelerated over a month (+1.6% after +0.8% in the previous month), both on the home market (+1.7% after +1.0%) and the foreign markets (+1.6% after +0.6%). Year on year, their increase reached 10.8% (after +9.5% in August 2021).

HOME MARKET: +1.7%

In September 2021, the industrial producer prices for the home market sped up over a month (+1.7% after +1.0%), driven up sharply by those of energy, while manufactured product prices rose by 0.6% (after +0.5%). Over a year, the industrial producer prices for the home market kept accelerating (+11.6% after +10.0% in August 2021 and +9.0 in July 2021).

Strong rise of prices of mining and quarrying products, energy and water

In September 2021, the prices of mining and quarrying products, energy and water accelerated strongly over a month (+4.8% after +2.7% in the previous month). The prices of electricity production and trade increased by 5.1% (after +1.5%), driven by those on the wholesale market. The prices of trade services of gas through mains remained on an strong upward trend (+14.8% after +10.9%), in connection with a further increase in regulated tariffs and a demand far exceeding available stocks. The prices of steam and air conditioning supply services rose also sharply (+13.4% after +10.3%). Year on year, the rise in prices of mining and quarrying products, energy and water reached 21.9% in September 2021 (after +18.5% in the previous month).

Persistent rise of prices of the “other industrial products”

The prices of the “other industrial products” went up by 0.7% in September 2021 over a month (after +0.8%). Those of chemicals and chemical products accelerated (+2.4% after +1.8%), in line with raw material prices over the recent months. Furthermore, in line with the strong increases in steel and aluminium prices, those of basic metals continued to rise strongly (+2.6% after +2.4%). Year on year, the prices of the “other industrial products” carried on the acceleration that started at the beginning of 2021: +9.0% in September 2021 (after +8.2% in August 2021 and +7.3% in July 2021).

Rise of refined petroleum product prices

In the wake of crude oil prices, the prices of refined petroleum rose by 3.3% in September 2021 over a month (after +0.4%). Over a year, they soared by 80.4% (after +61.6% in the previous month).

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
2021-03 107.0
2021-04 106.1
2021-05 109.6
2021-06 118.0
2021-07 123.1
2021-08 123.6
2021-09 127.7

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

  • Source: INSEE.

Rise of transport equipment prices

In September 2021, the prices of transport equipment rose anew over a month (+0.4% after +0.1%), driven up by the rebound of those of motor vehicles (+0.7% after –0.1%). Over a year, they went up by 3.2% (after +3.1% in the previous month).

Slight increase of food and beverage prices

In September 2021, the food and beverage prices recovered very slightly over a month (+0.2% after –0.1%). They rose by 3.1% over a year (after +2.8%).

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

In September 2021, the prices of electrical, computer and electronic equipment and machinery were up by 0.4% over a month (after +0.1%), mainly due to those of machinery and equipment n.e.c. (+0.5% after +0.4%). Year on year, they rose by 2.5% (after +2.4%).

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
2021-03 103.0 103.0 105.7 103.9
2021-04 103.5 103.0 105.9 105.1
2021-05 104.1 103.1 106.2 105.9
2021-06 104.1 103.7 106.5 106.8
2021-07 104.3 104.3 107.0 108.1
2021-08 104.2 104.4 107.1 109.0
2021-09 104.4 104.8 107.5 109.8

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

  • Source: INSEE

FOREIGN MARKETS: +1.6%

In September 2021, the industrial producer prices for the foreign markets accelerated over a month (+1.6% after +0.6%), driven up strongly by those of electricity, while the prices of manufactured products decelerated slightly (+0.4% after +0.6%). Over a year, the industrial producer prices for the foreign markets rose by 9.4% (after +8.4% in the previous month).

The prices of the “other industrial products” decelerated over a month (+0.5% after +1.0%), especially those of basic metals (+1.3% after +3.5%) and of chemicals and chemical products (+0.5% after +1.2%). Year on year, the rise of the prices of the “other industrial products” reached 10.6% in September 2021 (after +9.9% in the previous month).

In the wake of crude oil prices, the prices of refined petroleum products recovered over a month (+5.9% after –0.4%) and remained on a very strong upward trend over a year (+93.3% after +71.7%).

The prices of food and beverages rose over a month (+0.5% after +0.1%), driven up by the rebound of those of beverages (+1.0% after –0.6%). Over a year, they went up by 3.4% (after +2.7%).

The prices of electrical, computer and electronic equipment and machinery were virtually stable over a month (–0.1% after +0.6%) and rose by 2.2% over a year (after +2.3% in the previous month).

At last, the prices of transport equipment stabilized over a month (after +0.2%) and rose by 2.1% over a year (after +2.4%).

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 Sept. 21 In 1 month In 1 year
Home market
BE: TOTAL INDUSTRY 1000 111.9 1.7 11.6
(DE) Mining and quarrying, energy, water 233 123.8 4.8 21.9
CZ: Manufactured products 767 108.4 0.6 8.4
  (C1) Food products, beverages, tobacco 199 104.4 0.2 3.1
  (C2) Coke and refined petroleum products 36 127.7 3.3 80.4
  (C3) Electrical & electronic equip., computers, mach. 74 104.8 0.4 2.5
  (C4) Transport equipment 99 107.5 0.4 3.2
  (C5) Other manufactured products 359 109.8 0.7 9.0
Foreign markets
BE: TOTAL INDUSTRY 1000 110.3 1.6 9.4
CZ: Manufactured products 980 107.2 0.4 7.1
  (C1) Food products, beverages, tobacco 95 104.5 0.5 3.4
  (C2) Coke and refined petroleum products 21 126.8 5.9 93.3
  (C3) Electrical & electronic equip., computers, mach. 136 102.6 -0.1 2.2
  (C4) Transport equipment 306 107.8 0.0 2.1
  (C5) Other manufactured products 422 108.2 0.5 10.6
All markets
BE: TOTAL INDUSTRY 1000 111.4 1.6 10.8
CZ: Manufactured products 829 108.0 0.6 7.9
  (C1) Food products, beverages, tobacco 169 104.5 0.2 3.2
  (C2) Coke and refined petroleum products 31 127.1 3.8 83.1
  (C3) Electrical & electronic equip., computers, mach. 92 103.8 0.2 2.4
  (C4) Transport equipment 159 107.5 0.2 2.5
  (C5) Other manufactured products 378 109.3 0.6 9.5
  • Source: INSEE.

Import prices of industrial products: +2.8%

In September 2021, the import prices of industrial products accelerated sharply over a month (+2.8% after +1.1%), driven up strongly by those of gas, while those of manufactured products rose at a more moderate pace (+0.5% after +0.4%). Over a year, the import prices of industrial products continued to accelerate (+17.0% in September 2021 after +13.6% in August 2021 and +12.3% in July 2021).

The prices of coke and refined petroleum products recovered over a month (+7.7% after –2.2%) and remained on a strong upward trend over a year (+82.4% after +56.4%).

On the other hand, the prices of the “other industrial products” kept decelerating over a month (+0.4% after +1.0% in August 2021 and +1.8% in July 2021). The prices of chemicals and chemical products slowed down sharply (+0.3% after +2.2%), as did those of basic metals (+0.4% after +1.6%). Year on year, the prices of the “other industrial products” went up by 12.6% (after +12.4% in the previous month).

The prices of transport equipment fell back over a month (–0.6% after +0.2%), especially those of motor vehicles (–1.6% after +0.7%), and slowed down over a year (+1.6% after +2.4%).

The prices of electrical, computer and electronic equipment and machinery rose by 0.2% over a month (as in the previous month) and by 1.9% over a year (after +1.8%).

At last, the prices of food, beverages and tobacco recovered over a month (+0.4% after –0.3%), and went up sharply over a year (+4.3% after +4.1%).

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 Sept. 21 In 1 month In 1 year
BE: TOTAL INDUSTRY 1000 113.6 2.8 17.0
CZ: Manufactured products s 107.5 0.5 9.0
  (C1) Food products, beverages, tobacco 73 107.0 0.4 4.3
  (C2) Coke and refined petroleum products 40 120.9 7.7 82.4
  (C3) Electrical & electronic equip., computers, mach. 225 100.5 0.2 1.9
  (C4) Transport equipment 188 103.5 -0.6 1.6
  (C5) Other manufactured products s 111.6 0.4 12.6
  • s: confidential
  • Source: INSEE.

The monthly variation of the producer price index in industry in August 2021 has been revised down by 0.1 points: it stood at +0.8%

Revision of variations

In %
Revision of variations (In %)
June 21 / May 21 July 21 / June 21 Aug. 21 / July 21
French producer prices in industry sold on:
  - the home market // // //
  - the foreign markets // // //
  - all markets +0.1 // -0.1
Import prices of industrial products // // +0.2
  • (1) How to read it: the variation of the producer price index in industry for products sold on the home market between July 2021 and August 2021 is unchanged: +1.0% as it was published in September 2021.

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: 30 November 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: 30 November 2021 at 8.45 a.m.

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