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Informations Rapides · 30 November 2021 · n° 308
Informations rapidesUnprecedented rises of industrial producer prices in October 2021: +2.6% over a month and +14.0% over a year Industrial Producer and Import Price Indices - October 2021

In October 2021, the rise of industrial producer prices reached 2.6% over a month (after +1.7% in the previous month) and 14,0% over a year (after +11.0% in the previous month). These were the highest increases recorded in the available data since January 1995. Prices accelerated over a month, both on the home market (+2.9% after +1.7%) and the foreign markets (+2.1% after +1.7%).

Informations rapides
No 308
Paru le :Paru le30/11/2021
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
2021-07 108.7 109.0 107.8 109.4
2021-08 109.7 110.1 108.7 110.5
2021-09 111.6 112.0 110.5 113.7
2021-10 114.5 115.2 112.8 117.4

Total Industry price indices

  • Source: INSEE

Producer prices in the French industry: +2.6%

In October 2021, the rise of industrial producer prices reached 2.6% over a month (after +1.7% in the previous month) and 14,0% over a year (after +11.0% in the previous month). These were the highest increases recorded in the available data since January 1995. Prices accelerated over a month, both on the home market (+2.9% after +1.7%) and the foreign markets (+2.1% after +1.7%).

HOME MARKET: +2.9%

In October 2021, the industrial producer prices for the home market accelerated sharply over a month (+2.9% after +1.7%), driven up strongly by those of energy and, to a lesser extent, by those of manufactured products (+1.5% after +0.7%). Over a year, the rise of industrial producer prices for the home market reached 14.9% in October 2021 (after +11.7% in September).

New strong rise of prices of mining and quarrying products, energy and water

In October 2021, the prices of mining and quarrying products, energy and water remained on an strong upward trend over a month (+6.6% after +5.0% in the previous month). The prices of trade services of gas through mains accelerated strongly (+28.2% after +14.7%): a further increase in regulated tariffs and tensions on international markets have caused prices to soar. The prices of electricity production and trade rose by 5.7% (after +5.9%), driven by those on the wholesale market. At last, the prices of steam and air conditioning supply services sped up also sharply (+20.1% after +14.8%), in connection with gas price increases. Year on year, the rise in prices of mining and quarrying products, energy and water reached 30.7% in October 2021 (after +21.9% in September).

Rise of refined petroleum product prices

In the wake of crude oil prices, the prices of refined petroleum accelerated over a month in October 2021 (+14.7% after +3.4%), reaching their highest level since January 2014. Over a year, they soared by 106.8% (after +80.5% 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
2021-09 127.8
2021-10 146.6

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

  • Source: INSEE.

Persistent rise of prices of the “other industrial products”

The prices of the “other industrial products” kept rising in October 2021 over a month (+1.1% after +0.7%), passing on the persistent increases in raw material prices. Those of chemicals and chemical products accelerated (+3.1% after +2.3%), while those of basic metals decelerated slightly (+2.0% after +2.6%). Moreover, the prices of printing and recording services recovered sharply (+4.2% after –0.7%). Year on year, the prices of the “other industrial products” carried on the acceleration that started at the beginning of 2021: +10.4% in October 2021 (after +9.3% in September and +8.5% in August).

Slight increase of food and beverage prices

In October 2021, the food and beverage prices went up by 0.4% over a month (after +0.2%). They rose by 3.0% over a year (after +3.2%).

Rise of transport equipment prices

In October 2021, the prices of transport equipment rose by 0.5% over a month (as in the previous month), driven up by those of motor vehicles (+1.0% after +0.8%). Over a year, they went up by 3.4% (as in the previous month).

Slight rise of the prices of electrical, computer and electronic equipment and machinery

In October 2021, the prices of electrical, computer and electronic equipment and machinery were up by 0.2% over a month (after +0.4%). Year on year, they rose by 2.9% (after +2.7%).

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
2021-07 104.4 104.3 107.0 108.3
2021-08 104.3 104.6 107.2 109.3
2021-09 104.5 105.0 107.7 110.1
2021-10 104.9 105.2 108.2 111.3

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

  • Source: INSEE

FOREIGN MARKETS: +2.1%

In October 2021, the industrial producer prices for the foreign markets rose by 2.1% over a month (after +1.7%): half of the rise was due to electricity prices and half to prices of manufactured products (+1.0% after +0.4%). Over a year, the rise of industrial producer prices for the foreign markets reached 12.4% (after +9.6% in the previous month).

The prices of the “other industrial products” were up by 0.8% over a month (as in September): those of basic metals accelerated (+3.1% after +1.4%) while those of chemicals and chemical products decelerated (+0.5% after +1.6%). Year on year, the prices of the “other industrial products” rose by 12.2% in October 2021 (after +11.2% in the previous month).

In the wake of crude oil prices, the prices of refined petroleum products accelerated over a month (+14.5% after +5.9%) and remained on a very strong upward trend over a year (+115.9% after +93.0%).

The prices of electrical, computer and electronic equipment and machinery rose by 0.7% over a month (after –0.1%) and by 2.6% over a year (after +2.1% in the previous month).

The prices of transport equipment recovered over a month (+0.4% after –0.3%) and rose by 1.8% over a year (as in the previous month).

At last, the prices of food and beverages were up by 0.3% over a month (as in the previous month). Over a year, they rose by 4.2% (after +4.0%).

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 Oct. 21 In 1 month In 1 year
Home market
BE: TOTAL INDUSTRY 1000 115.2 2.9 14.9
(DE) Mining and quarrying, energy, water 233 132.1 6.6 30.7
CZ: Manufactured products 767 110.2 1.5 10.0
  (C1) Food products, beverages, tobacco 199 104.9 0.4 3.0
  (C2) Coke and refined petroleum products 36 146.6 14.7 106.8
  (C3) Electrical & electronic equip., computers, mach. 74 105.2 0.2 2.9
  (C4) Transport equipment 99 108.2 0.5 3.4
  (C5) Other manufactured products 359 111.3 1.1 10.4
Foreign markets
BE: TOTAL INDUSTRY 1000 112.8 2.1 12.4
CZ: Manufactured products 980 108.5 1.0 8.3
  (C1) Food products, beverages, tobacco 95 105.4 0.3 4.2
  (C2) Coke and refined petroleum products 21 144.9 14.5 115.9
  (C3) Electrical & electronic equip., computers, mach. 136 103.2 0.7 2.6
  (C4) Transport equipment 306 107.9 0.4 1.8
  (C5) Other manufactured products 422 109.7 0.8 12.2
All markets
BE: TOTAL INDUSTRY 1000 114.5 2.6 14.0
CZ: Manufactured products 829 109.7 1.3 9.4
  (C1) Food products, beverages, tobacco 169 105.0 0.3 3.2
  (C2) Coke and refined petroleum products 31 145.8 14.7 108.9
  (C3) Electrical & electronic equip., computers, mach. 92 104.3 0.4 2.8
  (C4) Transport equipment 159 107.9 0.5 2.6
  (C5) Other manufactured products 378 110.8 1.0 11.0
  • Source: INSEE.

Import prices of industrial products: +3.3%

The import prices of industrial products also reached unprecedented rises, according to data available since January 2005, both over a month (+3.3% after +2.9% in the previous month) and over a year (+20.7% after +17.1% in the previous month), mainly due to persistent increases in raw material prices (gas, oil, steel, wood, etc.). The prices of manufactured products accelerated over a month (+1.5% after +0.7%), as over a year (+10.9% after +9.4%).

The prices of coke and refined petroleum products accelerated over a month (+16.2% after +7.9%) and their rise strengthened over a year (+113.5% after +82.7%).

The prices of the “other industrial products” sped up also over a month (+0.9% after +0.6%), driven up by those of chemicals and chemical products (+1.9% after +0.5%) and those of basic metals (+1.1% after +0.5%). Moreover, the prices of wearing apparel kept rising sharply (+1.3% after +1.4%). Year on year, the prices of the “other industrial products” were up by 13.9% (after +13.1% in September).

The prices of transport equipment recovered over a month (+0.8% after –0.7%), due to the rebound of motor vehicle prices (+1.5% after –1.6%). Year on year, they rose by 2.4% (after +1.7% in the previous month).

The prices of electrical, computer and electronic equipment and machinery rose by 0.5% over a month (as in the previous month) and by 2.9% over a year (after +2.5%).

At last, the prices of food, beverages and tobacco accelerated over a month (+0.8% after +0.3%), and went up sharply over a year (+5.2% after +4.3%).

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 Oct. 21 In 1 month In 1 year
BE: TOTAL INDUSTRY 1000 117.4 3.3 20.7
CZ: Manufactured products s 109.5 1.5 10.9
  (C1) Food products, beverages, tobacco 73 107.9 0.8 5.2
  (C2) Coke and refined petroleum products 40 140.7 16.2 113.5
  (C3) Electrical & electronic equip., computers, mach. 225 101.6 0.5 2.9
  (C4) Transport equipment 188 104.4 0.8 2.4
  (C5) Other manufactured products s 113.1 0.9 13.9
  • s: confidential
  • Source: INSEE.

The monthly variation of the producer price index in industry in September 2021 has been revised upwards by 0.1 point: it stood at +1.7%

Revision of variations

In %
Revision of variations (In %)
July 21 / June 21 Aug. 21 / July 21 Sept. 21 / Aug. 21
French producer prices in industry sold on:
  - the home market +0.1 // //
  - the foreign markets -0.1 +0.2 +0.1
  - all markets // +0.1 +0.1
Import prices of industrial products +0.1 -0.1 +0.1
  • (1) How to read it: the variation of the producer price index in industry for products sold on the home market between August 2021 and September 2021 is unchanged: +1.7% as it was published in October 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: 22 December 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: 22 December 2021 at 8.45 a.m.

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