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Informations Rapides · 31 March 2022 · n° 86
Informations rapidesIn February 2022, the industrial producer prices rose by 0.8% over a month and 20.1% over a year Industrial Producer and Import Price Indices - February 2022

In February 2022, the industrial producer prices slowed down sharply over a month (+0.8% after an unprecedented rise of 3.7% in January 2022). Prices of products sold on the home market decelerated (+1.1% after +4.7%), while those sold on the foreign markets were virtually stable (–0.1% after +1.2%). Over a year, the industrial producer prices were up by 20.1% (as in the previous month).

Informations rapides
No 86
Paru le :Paru le31/03/2022
Prochaine parution le : 27/09/2024 at 08:45 - August 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
2022-02 125.7 128.9 117.6 128.4
2022-01 124.7 127.5 117.7 127.4
2021-12 120.2 121.8 116.3 122.3
2021-11 118.6 120.1 114.9 120.2
2021-10 114.8 115.6 112.9 117.6
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: +0.8%

In February 2022, the industrial producer prices slowed down sharply over a month (+0.8% after an unprecedented rise of 3.7% in January 2022). Prices of products sold on the home market decelerated (+1.1% after +4.7%), while those sold on the foreign markets were virtually stable (–0.1% after +1.2%). Over a year, the industrial producer prices were up by 20.1% (as in the previous month).

HOME MARKET: +1.1%

After an unprecedented rise in January 2022 (+4.7%), the industrial producer prices for the home market rose by 1.1% over a month in February 2022. In particular, the prices of mining and quarrying products, energy and water slowed down considerably (+0.5% after +9.4%), as did to a lesser extent those of manufactured products (+1.4% after +2.7%). Over a year, the industrial producer prices for the home market went up by 22.4% in February 2022 (as in the previous month).

Slight monthly rise of prices of mining and quarrying products, energy and water

In February 2022, the prices of mining and quarrying products, energy and water rose slightly over a month (+0.5% after +9.4%) and remained on a strong upward trend over a year (+52,2% after +52.6%). Contained partly by “tariff shield” measures, the electricity production and trade prices rose by 3.4% over a month (after +16.3%). Over a year, they kept soaring (+67.9% after +63.4%). Moreover, those of trade services of gas through mains fell back slightly over a month (–8.0% after +8.8%) due to a lull in gas prices. They remained nevertheless on a strong upward trend over a year (+141.6% after +172.3%).

Persistent rise of refined petroleum product prices

In the wake of crude oil prices, the prices of refined petroleum products rose by 10.8% over a month in February 2022 (after +15.3%), reaching their highest level according to the data available since January 2005. Over a year, they continued to rise strongly (+73.2% after +74.3% 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
2022-02 174.2
2022-01 157.2
2021-12 136.3
2021-11 144.2
2021-10 146.9
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.

Rise of the “other industrial products” prices

The prices of the “other industrial products” decelerated over a month in February 2022 (+0.9% after +2.8%). The slowdown was observed in the prices of chemicals and chemical products (+2.4% after +4.6%), basic metals (+1.9% after +8.2%) and fabricated metal products, except machinery and equipment (+1.1% after +1.8%). Year on year, the prices of the “other industrial products” rose by 13.9% (as in the previous month).

Rise of food and beverage prices

In February 2022, the food and beverage prices went up by 0.7% over a month (after +1.4%), passing on increases in prices of raw materials (milk powder, oils, cereals....) and energy. Year on year, they accelerated slightly (+6.5% after +5.8%).

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

In February 2022, the prices of electrical, computer and electronic equipment and machinery decelerated over a month (+0.5% after +1.2%), notably those of machinery and equipment n.e.c. (+0.5% after +0.9%). Year on year, they rose by 5.7% (after +5.4%).

Very slight rise of transport equipment prices

In February 2022, transport equipment prices went up by 0.2% over a month (after +0.4%) and by 4.5% over a year (as in the previous month).

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
2022-02 108.8 108.4 110.3 117.4
2022-01 108.0 107.9 110.1 116.3
2021-12 106.5 106.6 109.7 113.1
2021-11 105.8 106.1 108.9 112.7
2021-10 105.0 105.6 108.3 111.6
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: –0.1%

In February 2022, the industrial producer prices for the foreign markets were virtually stable over a month (–0.1% after +1.2%): the rise of manufactured product prices (+0.9% after +1.8%) was counterbalanced by the fall of electricity prices. Over a year, the industrial producer prices for the foreign markets decelerated slightly (+13.7% after +14.7%).

The prices of the “other industrial products” slowed down over a month (+1.0% after +2.3%), especially those of basic metals (+0.8% after +7.5%), while those of chemicals and chemical products accelerated (+1.8% after +0.8%). Year on year, the prices of the “other industrial products” rose by 14.8% (after +15.2%).

In the wake of crude oil prices, the prices of refined petroleum products kept rising over a month (+11.1% after +12.6%) and accelerated over a year (+75.3% after +64.5%).

The prices of food and beverages decelerated over a month (+1.2% after +2.3%), for example those of dairy and cheese products (+2.4% after +2.9%). Over a year, they continued to rise strongly (+9.2% after +8.9%)

At last, prices rose slowly for electrical, computer and electronic equipment and machinery (+0.2% after +1.0%; +4.4% over a year after +4.6%) and transport equipment (stability after +0.6%; +2.8% over a year after +2.9%).

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 Feb. 22 In 1 month In 1 year
Home market
BE: TOTAL INDUSTRY 1000 128.9 1.1 22.4
(DE) Mining and quarrying, energy, water 233 172.3 0.5 52.2
CZ: Manufactured products 767 115.9 1.4 12.5
  (C1) Food products, beverages, tobacco 199 108.8 0.7 6.5
  (C2) Coke and refined petroleum products 36 174.2 10.8 73.2
  (C3) Electrical & electronic equip., computers, mach. 74 108.4 0.5 5.7
  (C4) Transport equipment 99 110.3 0.2 4.5
  (C5) Other manufactured products 359 117.4 0.9 13.9
Foreign markets
BE: TOTAL INDUSTRY 1000 117.6 -0.1 13.7
CZ: Manufactured products 980 113.0 0.9 10.2
  (C1) Food products, beverages, tobacco 95 111.1 1.2 9.2
  (C2) Coke and refined petroleum products 21 168.8 11.1 75.3
  (C3) Electrical & electronic equip., computers, mach. 136 105.2 0.2 4.4
  (C4) Transport equipment 306 109.2 0.0 2.8
  (C5) Other manufactured products 422 116.2 1.0 14.8
All markets
BE: TOTAL INDUSTRY 1000 125.7 0.8 20.1
CZ: Manufactured products 829 115.0 1.2 11.8
  (C1) Food products, beverages, tobacco 169 109.2 0.8 6.8
  (C2) Coke and refined petroleum products 31 172.6 10.9 73.5
  (C3) Electrical & electronic equip., computers, mach. 92 107.0 0.4 5.1
  (C4) Transport equipment 159 109.5 0.1 3.5
  (C5) Other manufactured products 378 117.0 0.9 14.1
  • Source: INSEE.

Import prices of industrial products: +0.8%

In February 2022, the import prices of industrial products decelerated sharply over a month, after the unprecedented rise in the previous month (+0.8% after +4.2%). Manufactured product prices slowed down (+1.0% after +2.2%). Those of mining and quarrying products, energy and water fell back slightly, the slight decline in natural gas prices was offset by the rise of crude petroleum prices. Over a year, the import prices of industrial products remained on a strong upward trend (+25.9% after +27.0%).

The prices of coke and refined petroleum products slowed down over a month (+9.2% after +13.7%) and over a year (+67.6% after +72.8%).

The prices of the “other industrial products” decelerated sharply over a month (+0.7% after +1.9%), especially those of chemicals and chemical products (+1.2% after +4.0%) and basic metals (+1.3% after +3.9%). Year on year, the prices of the “other industrial products” were up by 15.9% (after +16.3%).

The prices of food, beverages and tobacco slowed down over a month (+1.3% after +2.4%) and rose by 10.4% over a year (after +9.6%).

At last, prices were virtually stable over a month for electrical, computer and electronic equipment and machinery (+0.1% after +0.9%) and transport equipment (+0.1% after +1.5%); in both cases, they rose over a year at the same pace as the previous month (respectively +4.8% and +3.2%).

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 Feb. 22 In 1 month In 1 year
BE: TOTAL INDUSTRY 1000 128.4 0.8 25.9
CZ: Manufactured products s 114.1 1.0 12.3
  (C1) Food products, beverages, tobacco 73 114.7 1.3 10.4
  (C2) Coke and refined petroleum products 40 158.7 9.2 67.6
  (C3) Electrical & electronic equip., computers, mach. 225 103.3 0.1 4.8
  (C4) Transport equipment 188 105.6 0.1 3.2
  (C5) Other manufactured products s 119.1 0.7 15.9
  • s: confidential
  • Source: INSEE.

The monthly variation of the producer price index in industry in January 2022 is unchanged: it stands at +3.7%

Revision of variations

In %
Revision of variations (In %)
Nov.21 / Oct. 21 Dec.21 / Nov.21 Jan.22 / Dec.21
French producer prices in industry sold on:
  - the home market // +0.1 +0.1
  - the foreign markets // +0.1 -0.3
  - all markets // // //
Import prices of industrial products +0.2 // -0.1
  • (1) How to read it: the variation of the producer price index in industry for products sold on the home market between December 2021 and January 2022 has been revised by +0.1 points: published in February 2022 at +4.6%, it has been updated to +4.7%.

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 April 2022 at 8.45 a.m.

Documentation

Simplified methodology note (pdf,75 Ko)

Producer and Import Price Index in Industry

Insee Méthodes n°140 - September 2021 "Producer Price Indices"

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 April 2022 at 8.45 a.m.

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Time series : Industrial Producer and Import Price Indices

Insee Méthodes n°140 - September 2021 "Producer Price Indices"