Insee
Informations Rapides · 22 December 2021 · n° 338
Informations rapidesIn November 2021, the industrial producer prices accelerated again: +3.0% over a month and +16.3% over a yearIndustrial Producer and Import Price Indices - November 2021

In November 2021, the industrial producer prices continued to accelerate over a month (+3.0% after +2.8% in October and +1.6% in September), as well as over a year (+16.3% after +14.3% and +11.1%). These were the highest increases recorded in the available data since January 1995. Prices of products sold on the home market accelerated also over a month (+3.5% after +2.9%), while those for the foreign markets slowed down (+1.6% after +2.2%).

Informations rapides
No 338
Paru le : Paru le 22/12/2021
Prochaine parution le : 30/06/2022 at 08:45 - May 2022

Total Industry price indices

Total Industry price indices
PPI for all markets PPI for home market PPI for foreign markets Import prices
2021-11 118.2 119.6 114.8 117.2
2021-10 114.8 115.5 113.0 117.3
2021-09 111.7 112.2 110.6 113.7
2021-08 109.9 110.3 108.8 110.5
2021-07 108.7 109.0 107.8 109.4
2021-06 107.2 107.3 106.8 107.0
2021-05 105.8 105.9 105.4 105.4
2021-04 105.4 105.5 105.2 103.7
2021-03 105.8 106.3 104.4 102.7
2021-02 104.7 105.3 103.4 102.0
2021-01 103.8 104.2 102.6 100.3
2020-12 102.6 103.1 101.2 98.7
2020-11 101.6 101.9 100.5 97.8
2020-10 100.4 100.3 100.4 97.3
2020-09 100.5 100.3 100.8 97.1
2020-08 100.1 100.0 100.2 97.3
2020-07 100.2 99.9 100.7 97.3
2020-06 99.8 99.5 100.3 96.7
2020-05 99.2 98.7 100.0 95.2
2020-04 99.3 98.7 100.3 95.0
2020-03 101.5 101.5 101.2 97.2
2020-02 103.0 103.1 102.5 100.6
2020-01 103.6 103.8 102.8 101.5
2019-12 103.7 104.0 102.9 101.9
2019-11 103.6 103.9 102.7 101.6
2019-10 102.5 102.5 102.4 101.5
2019-09 102.7 102.7 102.4 101.6
2019-08 102.4 102.6 101.8 100.8
2019-07 102.4 102.5 102.0 101.4
2019-06 102.0 102.1 101.7 101.3
2019-05 102.6 102.7 102.2 102.6
2019-04 103.1 103.2 102.5 102.6
2019-03 103.5 104.1 101.9 102.0
2019-02 103.5 104.2 101.9 101.9
2019-01 103.4 103.7 102.4 101.2
2018-12 103.0 103.4 101.8 101.1
2018-11 103.9 104.4 102.5 102.8
2018-10 103.7 103.9 103.0 104.6
2018-09 103.3 103.6 102.5 103.6
2018-08 102.9 103.1 102.3 102.8
2018-07 102.6 102.7 102.2 102.7
2018-06 102.1 102.1 102.0 102.4
2018-05 101.8 102.1 101.3 102.0
2018-04 101.2 101.4 100.6 100.6
2018-03 101.8 102.2 100.7 100.1
2018-02 101.7 102.0 100.6 99.9
2018-01 101.5 102.0 100.3 100.4
2017-12 101.7 102.0 100.9 100.2
2017-11 101.5 101.7 101.1 100.2
2017-10 100.1 100.0 100.2 99.4
2017-09 99.7 99.8 99.6 99.0
2017-08 99.3 99.4 99.1 98.2
2017-07 98.9 98.9 99.2 97.6
2017-06 99.0 98.8 99.4 97.9
2017-05 99.3 99.1 100.1 98.8
2017-04 99.8 99.7 100.4 99.6
2017-03 100.1 100.0 100.4 99.7
2017-02 100.6 100.5 100.9 100.0
2017-01 100.9 100.7 101.7 99.7
2016-12 99.9 99.8 100.2 99.1
2016-11 99.1 99.0 99.3 97.5
2016-10 98.5 98.4 98.9 97.5
2016-09 97.8 97.7 98.2 96.5
2016-08 97.5 97.4 97.9 96.2
2016-07 97.6 97.5 97.9 96.4
2016-06 97.5 97.4 98.0 96.4
2016-05 97.1 97.0 97.7 95.9
2016-04 96.7 96.5 97.4 95.0
2016-03 97.2 97.1 97.4 95.0
2016-02 96.9 96.9 97.2 94.1
2016-01 97.5 97.3 98.2 94.7
2015-12 98.5 98.4 98.9 96.5
2015-11 99.5 99.5 99.6 98.2
2015-10 99.4 99.4 99.5 98.1
2015-09 99.3 99.2 99.4 98.6
2015-08 99.4 99.2 99.8 99.3
2015-07 100.5 100.3 100.9 100.8
2015-06 100.6 100.5 100.7 102.0
2015-05 100.4 100.4 100.6 102.5
2015-04 100.9 100.8 101.1 102.2
2015-03 101.0 101.1 100.6 101.6
2015-02 100.8 101.0 100.1 101.0
2015-01 99.8 100.0 98.9 99.4

Total Industry price indices

  • Source: INSEE

Producer prices in the French industry: +3.0%

In November 2021, the industrial producer prices continued to accelerate over a month (+3.0% after +2.8% in October and +1.6% in September), as well as over a year (+16.3% after +14.3% and +11.1%). These were the highest increases recorded in the available data since January 1995. Prices of products sold on the home market accelerated also over a month (+3.5% after +2.9%), while those for the foreign markets slowed down (+1.6% after +2.2%).

HOME MARKET: +3.5%

In November 2021, the industrial producer prices for the home market accelerated over a month (+3.5% after +2.9%), driven up strongly by those of energy, while those of manufactured products slowed down (+0.5% after +1.5%). Over a year, the rise of industrial producer prices for the home market reached 17.4% in November 2021 (after +15.2% in October).

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

In November 2021, the prices of mining and quarrying products, energy and water accelerated sharply over a month (+11.6% after +7.2% in the previous month). The prices of electricity, transmission and distribution services rose strongly over a month (+15.6% after +5.6%), due notably to the switch to the winter rate but also to the persistent rises of prices on the wholesale market. The prices of trade services of gas through mains decelerated but remained on an strong upward trend (+14.7% after +26.6%): regulated tariffs have been frozen but tensions on international markets persisted. Year on year, the rise in prices of mining and quarrying products, energy and water soared: +38.0% in November 2021 (after +31.6% in October).

Persistent rise of prices of the “other industrial products”

The prices of the “other industrial products” were up by 1.0% in November 2021 over a month (after +1.1%), passing on the persistent increases in raw material prices. Prices rose especially for chemicals and chemical products (+4.6% after +3.1%), basic metals (+1.0% after +2.0%) and paper and paper products (+1.6% after +1.7%). Year on year, the prices of the “other industrial products” carried on the acceleration that started at the beginning of 2021: +11.6% in November 2021 (after +10.5% in October and +9.4% in September).

Acceleration of food and beverage prices

In November 2021, the food and beverage prices sped up over a month (+0.8% after +0.3%), driven notably up by those of processed and preserved meat (+2.3% after +0.3%) and prepared animal feeds (+2.4% after +0.4%). Year on year, the food and beverage prices were up by 3.8% (after +3.0%).

Slight backlash of refined petroleum product prices

In the wake of crude oil prices, the prices of refined petroleum fell back slightly over a month in November 2021 (–1.7% after +15.0%). Nevertheless, they soared over a year (+98.4% after +107.5% 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
2021-11 144.6
2021-10 147.1
2021-09 127.9
2021-08 124.1
2021-07 123.1
2021-06 118.0
2021-05 109.6
2021-04 106.1
2021-03 107.0
2021-02 100.6
2021-01 90.2
2020-12 82.3
2020-11 72.9
2020-10 70.9
2020-09 70.8
2020-08 76.5
2020-07 78.9
2020-06 72.5
2020-05 57.0
2020-04 46.4
2020-03 70.0
2020-02 107.7
2020-01 117.8
2019-12 119.6
2019-11 117.0
2019-10 117.6
2019-09 121.5
2019-08 115.7
2019-07 122.3
2019-06 117.5
2019-05 131.3
2019-04 130.7
2019-03 123.3
2019-02 118.8
2019-01 109.4
2018-12 109.3
2018-11 125.8
2018-10 142.7
2018-09 136.5
2018-08 133.2
2018-07 131.4
2018-06 130.2
2018-05 132.1
2018-04 121.8
2018-03 111.3
2018-02 109.2
2018-01 116.1
2017-12 110.9
2017-11 111.1
2017-10 103.2
2017-09 101.8
2017-08 95.1
2017-07 92.1
2017-06 89.7
2017-05 97.1
2017-04 104.7
2017-03 101.4
2017-02 108.1
2017-01 107.1
2016-12 105.7
2016-11 91.7
2016-10 97.0
2016-09 87.6
2016-08 85.2
2016-07 85.3
2016-06 91.9
2016-05 88.1
2016-04 78.5
2016-03 75.5
2016-02 65.6
2016-01 65.9
2015-12 74.5
2015-11 89.4
2015-10 89.1
2015-09 91.3
2015-08 92.8
2015-07 107.6
2015-06 115.6
2015-05 117.9
2015-04 113.8
2015-03 110.2
2015-02 106.6
2015-01 91.2

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

  • Source: INSEE.

Rise of transport equipment prices

In November 2021, the prices of transport equipment rose by 0.4% over a month (after +0.6%). Over a year, they went up by 3.4% (as in the previous month).

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

In November 2021, the prices of electrical, computer and electronic equipment and machinery were virtually stable over a month (+0.1% after +0.2%). Year on year, they rose by 3.3% (after +3.0%).

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
2021-11 105.7 105.4 108.6 112.5
2021-10 104.9 105.3 108.2 111.4
2021-09 104.6 105.1 107.6 110.2
2021-08 104.3 104.5 107.2 109.3
2021-07 104.4 104.3 107.0 108.3
2021-06 104.1 103.7 106.5 106.8
2021-05 104.1 103.1 106.2 105.9
2021-04 103.5 103.0 105.9 105.1
2021-03 103.0 103.0 105.7 103.9
2021-02 102.2 102.6 105.6 103.1
2021-01 102.1 102.4 105.4 102.1
2020-12 102.3 102.2 105.1 101.3
2020-11 101.8 102.0 105.0 100.8
2020-10 101.8 102.2 104.6 100.8
2020-09 101.3 102.2 104.2 100.7
2020-08 101.4 102.0 103.9 100.7
2020-07 101.6 101.9 103.7 100.7
2020-06 101.6 102.0 103.7 100.7
2020-05 101.7 102.1 103.2 100.4
2020-04 102.0 101.9 103.1 100.7
2020-03 102.3 102.0 102.9 101.1
2020-02 102.2 102.3 102.9 101.6
2020-01 102.2 102.0 102.8 101.8
2019-12 102.5 101.8 102.7 101.9
2019-11 102.1 101.8 102.3 102.0
2019-10 101.8 101.8 102.1 102.3
2019-09 101.5 101.7 101.7 102.5
2019-08 101.6 101.4 101.6 102.6
2019-07 101.5 101.3 101.6 102.6
2019-06 101.3 101.3 101.4 102.8
2019-05 101.1 101.3 101.3 103.1
2019-04 101.0 101.5 101.2 103.1
2019-03 100.9 101.3 101.1 103.0
2019-02 101.2 101.3 101.0 102.8
2019-01 101.2 101.4 100.9 102.7
2018-12 101.4 101.0 101.0 102.6
2018-11 101.1 101.0 100.9 102.9
2018-10 100.7 100.8 100.7 103.0
2018-09 100.7 100.9 100.5 103.1
2018-08 100.6 100.9 100.6 103.0
2018-07 100.4 100.7 100.6 102.9
2018-06 100.1 100.9 100.6 102.8
2018-05 100.2 100.8 100.5 102.7
2018-04 100.1 100.6 100.6 102.2
2018-03 100.4 100.5 100.6 102.1
2018-02 100.1 100.3 100.5 101.9
2018-01 100.0 100.7 100.5 101.6
2017-12 100.4 100.1 100.6 101.1
2017-11 100.3 100.0 100.6 100.9
2017-10 100.4 99.8 100.4 101.0
2017-09 100.5 99.7 100.4 100.7
2017-08 100.6 99.7 100.4 100.5
2017-07 100.4 99.8 100.3 100.4
2017-06 100.4 99.9 100.3 100.7
2017-05 100.1 99.8 100.3 100.8
2017-04 100.1 99.9 100.2 100.7
2017-03 99.8 100.0 100.1 100.4
2017-02 99.6 99.9 100.1 100.1
2017-01 99.2 100.1 100.1 99.6
2016-12 99.2 99.4 100.1 99.0
2016-11 99.2 99.5 100.0 98.8
2016-10 99.1 99.6 100.0 98.7
2016-09 98.8 99.7 99.9 98.5
2016-08 98.8 99.7 99.9 98.5
2016-07 98.9 99.6 100.0 98.6
2016-06 98.5 99.9 100.0 98.6
2016-05 98.4 99.6 100.1 98.3
2016-04 98.5 99.6 100.1 98.0
2016-03 98.6 99.7 100.1 97.9
2016-02 99.1 99.5 100.1 98.1
2016-01 99.3 99.7 100.2 98.4
2015-12 99.7 99.9 100.1 98.8
2015-11 99.9 100.0 100.4 99.0
2015-10 100.2 100.0 100.3 99.2
2015-09 100.3 99.7 100.1 99.6
2015-08 100.5 99.6 100.0 100.2
2015-07 100.2 100.0 99.8 100.8
2015-06 99.9 100.0 99.8 100.8
2015-05 99.9 100.0 99.9 100.8
2015-04 99.9 100.2 99.9 100.6
2015-03 99.8 100.2 99.9 100.2
2015-02 99.9 100.2 99.9 99.9
2015-01 99.8 100.2 99.9 100.0

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

  • Source: INSEE

FOREIGN MARKETS: +1.6%

In November 2021, the industrial producer prices for the foreign markets decelerated over a month (+1.6% after +2.2%). Over a year, they nevertheless continued to accelerate (+14.2% in November 2021 after +12.5% in October and +9.7% in September).

The prices of the “other industrial products” rose by 0.9% over a month (after +1.3%), mainly due to those of chemicals and chemical products (+2.0% after +1.8%). Year on year, the prices of the “other industrial products” were up by 13.9% in November 2021 (after +12.9% in the previous month).

The prices of transport equipment accelerated over a month (+0.5% after +0.2%) and over a year (+2.3% after +1.7%), as did those of food and beverages (+0.9% after +0.4% over a month; +5.4% after +4.3% over a year).

In the wake of crude oil prices, the prices of refined petroleum products fell back over a month (–2.4% after +14.0%) but remained on a very strong upward trend over a year (+97.0% after +113.0%).

At last, the prices of electrical, computer and electronic equipment and machinery were virtually stable over a month (+0.1% after +0.7%) and rose by 2.7% over a year (after +2.6% in the previous month).

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 Nov. 21 In 1 month In 1 year
Home market
BE: TOTAL INDUSTRY 1000 119.6 3.5 17.4
(DE) Mining and quarrying, energy, water 233 148.4 11.6 38.0
CZ: Manufactured products 767 110.9 0.5 10.5
  (C1) Food products, beverages, tobacco 199 105.7 0.8 3.8
  (C2) Coke and refined petroleum products 36 144.6 -1.7 98.4
  (C3) Electrical & electronic equip., computers, mach. 74 105.4 0.1 3.3
  (C4) Transport equipment 99 108.6 0.4 3.4
  (C5) Other manufactured products 359 112.5 1.0 11.6
Foreign markets
BE: TOTAL INDUSTRY 1000 114.8 1.6 14.2
CZ: Manufactured products 980 109.3 0.6 9.0
  (C1) Food products, beverages, tobacco 95 106.5 0.9 5.4
  (C2) Coke and refined petroleum products 21 139.5 -2.4 97.0
  (C3) Electrical & electronic equip., computers, mach. 136 103.3 0.1 2.7
  (C4) Transport equipment 306 108.3 0.5 2.3
  (C5) Other manufactured products 422 111.4 0.9 13.9
All markets
BE: TOTAL INDUSTRY 1000 118.2 3.0 16.3
CZ: Manufactured products 829 110.5 0.6 10.1
  (C1) Food products, beverages, tobacco 169 105.9 0.8 4.1
  (C2) Coke and refined petroleum products 31 143.1 -1.9 98.2
  (C3) Electrical & electronic equip., computers, mach. 92 104.5 0.2 3.1
  (C4) Transport equipment 159 108.3 0.4 2.8
  (C5) Other manufactured products 378 112.1 0.9 12.2
  • Source: INSEE.

Import prices of industrial products: –0.1%

In November 2021, the import prices of industrial products stabilized over a month (–0.1% after +3.2% in the previous month) but remained on an strong upward trend over a year (+19.8% after +20.6%). Those of manufactured products slowed down sharply over a month (+0.4% after +1.3%) and rose by 10.7% over a year (as in the previous month).

The prices of the “other industrial products” were up by 0.9% over a month (as in the previous month). Those of chemicals and chemical products accelerated slightly (+2.3% after +1.9%), in line with increases in raw material prices. On the contrary, prices decelerated for basic metals (+0.5% after +1.6%) and wearing apparel (+0.9% after +1.2%). Year on year, the prices of the “other industrial products” were up by 14.6% (after +13.9% in October).

The prices of coke and refined petroleum products fell back over a month (–3.2% after +12.2%) but remained on an strong upward trend over a year (+90.3% after +106.4%).

The prices of electrical, computer and electronic equipment and machinery rose by 0.3% over a month (after +0.5%) and by 3.5% over a year (after +2.9%).

Those of food, beverages and tobacco were up by 0.7% over a month (as in the previous month), and by 5.6% over a year (after +5.2%).

At last, the prices of transport equipment were virtually stable over a month (–0.1% after +0.5%) and decelerated over a year (+1.6% after +2.1%).

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 Nov. 21 In 1 month In 1 year
BE: TOTAL INDUSTRY 1000 117.2 -0.1 19.8
CZ: Manufactured products s 109.7 0.4 10.7
  (C1) Food products, beverages, tobacco 73 108.7 0.7 5.6
  (C2) Coke and refined petroleum products 40 131.7 -3.2 90.3
  (C3) Electrical & electronic equip., computers, mach. 225 101.9 0.3 3.5
  (C4) Transport equipment 188 104.0 -0.1 1.6
  (C5) Other manufactured products s 114.1 0.9 14.6
  • s: confidential
  • Source: INSEE.

The monthly variation of the producer price index in industry in October 2021 has been revised upwards by 0.2 point: it stood at +2.8%

Revision of variations

In %
Revision of variations (In %)
Aug. 21 / July 21 Sept. 21 / Aug. 21 Oct.21 / Sept. 21
French producer prices in industry sold on:
  - the home market +0.2 // //
  - the foreign markets +0.1 // +0.1
  - all markets +0.2 -0.1 +0.2
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 September 2021 and October 2021 is unchanged: +2.9% as it was published in November 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: 28 January 2022 at 8.45 a.m.

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 January 2022 at 8.45 a.m.

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