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Informations Rapides · 28 January 2022 · n° 27
Informations rapidesIn December 2021, the industrial producer prices rose by 1.1% over a month and by 16.9% over a year Industrial Producer and Import Price Indices - December 2021

In December 2021, the industrial producer prices slowed down over a month (+1.1% after +3.2% in November), both on the home market (+1.0% after +3.9%) and on the foreign markets (+1.0% after +1.8%). Over a year, they remained on a strong upward trend, accelerating slightly (+16.9% after +16.7%).

Informations rapides
No 27
Paru le :Paru le28/01/2022
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
2021-12 119.9 121.3 116.3 121.7
2021-11 118.6 120.1 115.1 119.9
2021-10 114.9 115.6 113.1 117.5
2021-09 111.8 112.2 110.6 113.8
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: +1.1%

In December 2021, the industrial producer prices slowed down over a month (+1.1% after +3.2% in November), both on the home market (+1.0% after +3.9%) and on the foreign markets (+1.0% after +1.8%). Over a year, they remained on a strong upward trend, accelerating slightly (+16.9% after +16.7%).

HOME MARKET: +1.0%

In December 2021, the industrial producer prices for the home market rose by 1.0% over a month (after +3.9%). They were driven up strongly by those of energy, while those of manufactured products were stable (after +0.6%). Over a year, the industrial producer prices for the home market soared: +17.7% in December 2021 (after +17.9% in November).

Deceleration of prices of mining and quarrying products, energy and water

In December 2021, the prices of mining and quarrying products, energy and water decelerated sharply over a month (+3.5% after +12.7%). The electricity production and trade prices slowed down markedly (+4.9% after +11.1%), especially on the wholesale market. Contained by the freezing of regulated tariffs, the prices of trade services of gas through mains decelerated also strongly (+3.0% after +14.7%). On the contrary, prices of steam and air conditioning supply services sped up considerably (+12.3% after +2.6%), reflecting increases in gas prices. Year on year, the rise of prices of mining and quarrying products, energy and water carried on the strong acceleration that started at the beginning of 2021: +41.6% in December 2021 (after +39.5% in November and +31.7% in October).

New decline over a month of refined petroleum product prices

In the wake of crude oil prices, the prices of refined petroleum fell by 6.9% over a month in December 2021 (after –1.5%). Over a year, they slowed down sharply (+64.4% after +99.3% 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
2021-12 135.3
2021-11 145.3
2021-10 147.5
2021-09 128.7
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.

Slowdown of the “other industrial products” prices

The prices of the “other industrial products” rose by 0.4% in December 2021 over a month (after +1.0%). Prices of fabricated metal products, except machinery and equipment, were up by 0.4% (as in the previous month). Those of paper and paper products kept rising sharply (+1.5% after +1.6%). On the other hand, prices decelerated for chemicals and chemical products (+0.3% after +4.9%) and for basic metals (+0.5% after +0.9%). Year on year, the prices of the “other industrial products” remained on a strong upward trend: +11.5% in December 2021 (after +11.6% in November).

New rise of food and beverage prices

In December 2021, the food and beverage prices went up by 0.6% over a month (after +0.8%), especially those of processed and preserved meat (+2.0% after +2.3%) and of prepared animal feeds (+1.6% after +2.3%). Year on year, the food and beverage prices rose by 4.0% (after +3.9%).

Rise of transport equipment prices

In December 2021, the prices of transport equipment rose by 0.6% over a month (as in the previous month), driven up by those of motor vehicles (+1.2% after +1.0%). Over a year, they went up by 4.2% (after +3.7%).

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

In December 2021, the prices of electrical, computer and electronic equipment and machinery were up by 0.4% over a month (as in the previous month), mainly those of machinery and equipment n.e.c. (+0.8%, as in the previous month). Year on year, they rose by 4.1% (after +3.9%).

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
2021-12 106.4 106.4 109.5 112.9
2021-11 105.8 106.0 108.9 112.5
2021-10 105.0 105.6 108.3 111.4
2021-09 104.5 105.1 107.6 110.2
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: +1.0%

In December 2021, the industrial producer prices for the foreign markets decelerated over a month (+1.0% after +1.8%), especially those of electricity and those of manufactured products (+0.4% after +0.7%). Over a year, they remained on a strong upward trend (+14.9% in December 2021 after +14.5% in November).

The prices of the “other industrial products” rose by 1.0% over a month (as in the previous month), mainly due to those of chemicals and chemical products (+2.8% after +1.6%). Year on year, the prices of the “other industrial products” were up by 14.9% in December 2021 (after +14.1% in the previous month).

In the wake of crude oil prices, the prices of refined petroleum products fell by 8.0% over a month (after –0.1%) and decelerated sharply over a year (+63.7% after +102.8%).

The prices of transport equipment slowed down over a month (+0.3% after +0.5%) and rose by 3.1% over a year (after +2.4%).

Those of food and beverages went up by 0.8% over a month (after +0.9%) and accelerated over a year (+6.3% after +5.4%).

At last, the prices of electrical, computer and electronic equipment and machinery were up by 0.4% over a month (after +0.2%) and rose by 3.3% over a year (after +2.8%).

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 Dec. 21 In 1 month In 1 year
Home market
BE: TOTAL INDUSTRY 1000 121.3 1.0 17.7
(DE) Mining and quarrying, energy, water 233 155.2 3.5 41.6
CZ: Manufactured products 767 111.1 0.0 9.8
  (C1) Food products, beverages, tobacco 199 106.4 0.6 4.0
  (C2) Coke and refined petroleum products 36 135.3 -6.9 64.4
  (C3) Electrical & electronic equip., computers, mach. 74 106.4 0.4 4.1
  (C4) Transport equipment 99 109.5 0.6 4.2
  (C5) Other manufactured products 359 112.9 0.4 11.5
Foreign markets
BE: TOTAL INDUSTRY 1000 116.3 1.0 14.9
CZ: Manufactured products 980 110.0 0.4 9.5
  (C1) Food products, beverages, tobacco 95 107.3 0.8 6.3
  (C2) Coke and refined petroleum products 21 132.1 -8.0 63.7
  (C3) Electrical & electronic equip., computers, mach. 136 103.8 0.4 3.3
  (C4) Transport equipment 306 108.7 0.3 3.1
  (C5) Other manufactured products 422 112.7 1.0 14.9
All markets
BE: TOTAL INDUSTRY 1000 119.9 1.1 16.9
CZ: Manufactured products 829 110.8 0.2 9.7
  (C1) Food products, beverages, tobacco 169 106.6 0.6 4.4
  (C2) Coke and refined petroleum products 31 134.2 -7.1 64.3
  (C3) Electrical & electronic equip., computers, mach. 92 105.2 0.4 3.7
  (C4) Transport equipment 159 108.9 0.4 3.5
  (C5) Other manufactured products 378 112.8 0.5 12.5
  • Source: INSEE.

Import prices of industrial products: +1.5%

In December 2021, the import prices of industrial products kept rising sharply over a month, driven up by those of natural gas, but at a more moderate pace (+1.5% after +2.0% in the previous month). Manufactured product prices stabilized (after +0.5% in November). Over a year, the import prices of industrial products kept rising strongly (+23.3% after +22.6%).

The prices of coke and refined petroleum products kept falling over a month (–5.2% after –1.9%) and decelerated sharply over a year (+61.2% after +90.8%).

The prices of the “other industrial products” slowed down sharply over a month (+0.4% after +1.1%), especially those of chemicals and chemical products (+0.7% after +3.0%), while those of basic metals rose by 1.0% (after +0.9%). Year on year, the prices of the “other industrial products” were up by 15.3% (as in November).

The prices of transport equipment were down by 0.5% over a month (after –0.1%), owing to the fall of those of motor vehicles, trailers and semi-trailers (–0.8% after –0.2%). Over a year, they continued to decelerate (+0.9% in December 2021 after +1.6% in November and +2.1% in October).

The prices of electrical, computer and electronic equipment and machinery sped up slightly over a month (+0.4% after +0.2%) and over a year (+4.0% after +3.5%).

At last, prices of food, beverages and tobacco were up by 0.7% over a month (after +0.8%) and accelerated over a year (+6.8% after +5.9%).

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 Dec. 21 In 1 month In 1 year
BE: TOTAL INDUSTRY 1000 121.7 1.5 23.3
CZ: Manufactured products s 110.0 0.0 10.4
  (C1) Food products, beverages, tobacco 73 109.8 0.7 6.8
  (C2) Coke and refined petroleum products 40 125.1 -5.2 61.2
  (C3) Electrical & electronic equip., computers, mach. 225 102.3 0.4 4.0
  (C4) Transport equipment 188 103.5 -0.5 0.9
  (C5) Other manufactured products s 115.3 0.4 15.3
  • s: confidential
  • Source: INSEE.

Revisions

The variation of the producer price index in industry between October 2021 and November 2021 has been revised upwards by 0.4 points (+3.9% instead of +3.5%), after taking into account consolidated data on electricity production and trade prices.

The variation of the import prices of industrial products between October 2021 and November 2021 has been strongly revised upwards by 2.1 points (+2.0% instead of –0.1%), after taking into account late responses from importers concerning the import prices of natural gas, liquefied or in gaseous state, which were very dynamic.

Revision of variations

In %
Revision of variations (In %)
Sept. 21 / Aug. 21 Oct.21 / Sept. 21 Nov.21 / Oct. 21
French producer prices in industry sold on:
  - the home market // +0.1 +0.4
  - the foreign markets // +0.1 +0.2
  - all markets +0.1 // +0.2
Import prices of industrial products +0.1 +0.1 +2.1
  • (1) How to read it: the variation of the producer price index in industry for products sold on the home market between October 2021 and November 2021 has been revised by +0.4 points: published in December 2021 at +3.5%, it has been updated to +3.9%.

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: 25 February 2022 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: 25 February 2022 at 8.45 a.m.

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