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Informations Rapides · 28 July 2022 · n° 197
Informations rapidesIn June 2022 the industrial producer prices rose by 1.4% over a month and by 25.0% over a yearIndustrial Producer and Import Price Indices - June 2022

In June 2022, the industrial producer prices picked up sharply over a month (+1.4% after +0.2% in the previous month). Those for the products sold on the home market rebounded (+1.3% after –0.3%), while those for the foreign markets accelerated (+2.1% after +1.1%). Over a year, the industrial producer prices kept rising strongly: +25.0% in June 2022 (after +24.9%).

Informations rapides
No 197
Paru le : Paru le 28/07/2022
Prochaine parution le : 28/10/2022 at 08:45 - September 2022

Total Industry price indices

Total Industry price indices
PPI for all markets PPI for home market PPI for foreign markets Import prices
2022-06 134.0 136.3 128.4 138.4
2022-05 132.1 134.6 125.7 137.7
2022-04 131.9 135.0 124.3 137.2
2022-03 132.0 135.0 124.6 139.1
2022-02 125.9 129.0 118.0 128.6
2022-01 125.1 128.0 117.9 127.6
2021-12 120.4 122.0 116.5 122.4
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: +1.4%

In June 2022, the industrial producer prices picked up sharply over a month (+1.4% after +0.2% in the previous month). Those for the products sold on the home market rebounded (+1.3% after –0.3%), while those for the foreign markets accelerated (+2.1% after +1.1%). Over a year, the industrial producer prices kept rising strongly: +25.0% in June 2022 (after +24.9%).

HOME MARKET: +1.3%

In June 2022, the industrial producer prices for the home market rose by 1.3% over a month (after –0.3% in the previous month): those of manufactured products were up by 1.8% (after +1.9%), while the prices of mining and quarrying products, energy and water fell at a more moderate pace than in the previous month (–0.4% after –5.5%). Over a year, the industrial producer prices for the home market continued to rise strongly: +27.0% (after +27.1%).

Slight fall of prices of mining and quarrying products, energy and water

In June 2022, the prices of mining and quarrying products, energy and water fell by 0.4% over a month (after –5.5% in May 2022) and decelerated slightly over a year (+46.2% after +50.9%). The monthly decline in prices for the waste collection, treatment and disposal services and materials recovery services intensified in June 2022 (–4.2% after –2.0%), in line with the turnaround in metal prices. Prices of trade services of gas through mains fell by 0.7% (after –12.8%) and decelerated over a year (+124.3% after +145.0%). At last, electricity production and trade prices rose slightly over a month (+0.4% after –5.7%) and slowed down over a year (+58.2% after +63.2%).

Acceleration of refined petroleum product prices

In the wake of crude oil prices, the prices of refined petroleum products accelerated in June 2022 over a month (+13.0% after +9.6%), as over a year (+135.0% after +123.9%), reaching their highest level recorded since January 2005.

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
2022-06 277.3
2022-05 245.4
2022-04 224.0
2022-03 225.7
2022-02 174.1
2022-01 157.1
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.

Persistent rise of food and beverage prices

In June 2022, the food and beverage prices kept rising over a month (+1.2%) but at a more moderate pace than in the previous month (+2.0%). Prices remained on a strong upward trend for bread, fresh pastry goods and cakes (+2.1% after +2.4%), dairy and cheese products (+1.9% after +0.4%) and preserved meat and meat products (+2.2% after +3.1%). On the contrary, those of oils and fats fell back for the first time since August 2021 (–7.1% after +4.8%). Year-over-year, the rise of food and beverage prices kept growing, reaching 16.3% in June 2022 (after +15.0% in May 2022 and +13.4% in April 2022).

Deceleration of the “other industrial products” prices

In June 2022, the prices of the “other industrial products” kept decelerating over a month (+0.5% after +1.1% in May 2022 and +2.7% in April 2022). They slowed down for chemicals and chemical products (+1.4% after +1.8%), “other non-metallic mineral products” (+1.6% after +1.7%), paper and paper products (+1.5% after +2.6%) and fell back slightly for basic metals (–0.3% after +0.8%). Year-over-year, the prices of the “other industrial products” remained on a strong rise in June 2022 (+17.6% after +18.0% in the previous month).

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

In June 2022, transport equipment prices were up by 0.8% over a month (after +0.9%), driven up by those of motor vehicles (+1.3% after +1.0%); over a year, they rose by 6.2% (after +5.6%).

At last, prices of electrical, computer and electronic equipment and machinery were up by 0.5% over a month (as in the previous month) and by 7.6% over a year (after +7.7%).

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
2022-06 121.1 111.6 113.1 125.6
2022-05 119.7 111.0 112.2 125.0
2022-04 117.4 110.4 111.2 123.6
2022-03 113.5 109.7 111.0 120.4
2022-02 109.6 109.0 110.4 118.0
2022-01 108.6 108.1 110.2 116.8
2021-12 106.9 106.7 109.7 113.3
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: +2.1%

In June 2022, the industrial producer prices for the foreign markets accelerated over a month (+2.1% after +1.1%), driven strongly by those of electricity, while those of manufactured products slowed down (+0.8% after +1.5%). Over a year, the industrial producer prices for the foreign markets remained on a strong rise: +20.2% (after +19.3% in the previous month).

In the wake of crude oil prices, prices of refined petroleum products accelerated over a month (+12.3% after +11.0%), as over a year (+130.4% after +118.6%). Those of food and beverages slowed down over a month (+1.1% after +1.9%), especially those of dairy and cheese products (+3.3% after +5.0%), but accelerated over a year (+18.8% after +17.5%). The prices of the “other industrial products” decelerated sharply over a month (+0.2% after +1.3%) but remained on a strong rise over a year (+18.6% after +19.5%). At last, prices also slowed down over a month for transport equipment (+0.2% after +0.9%; +5.8% over a year after +6.1%) and electrical, computer and electronic equipment and machinery (+0.3% after +0.5%; +5.6% over a year after +5.9%).

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 June 22 In 1 month In 1 year
Home market
BE: TOTAL INDUSTRY 1000 136.3 1.3 27.0
(DE) Mining and quarrying, energy, water 233 162.6 -0.4 46.2
CZ: Manufactured products 767 128.4 1.8 20.9
  (C1) Food products, beverages, tobacco 199 121.1 1.2 16.3
  (C2) Coke and refined petroleum products 36 277.3 13.0 135.0
  (C3) Electrical & electronic equip., computers, mach. 74 111.6 0.5 7.6
  (C4) Transport equipment 99 113.1 0.8 6.2
  (C5) Other manufactured products 359 125.6 0.5 17.6
Foreign markets
BE: TOTAL INDUSTRY 1000 128.4 2.1 20.2
CZ: Manufactured products 980 121.6 0.8 15.5
  (C1) Food products, beverages, tobacco 95 122.0 1.1 18.8
  (C2) Coke and refined petroleum products 21 258.0 12.3 130.4
  (C3) Electrical & electronic equip., computers, mach. 136 107.7 0.3 5.6
  (C4) Transport equipment 306 113.1 0.2 5.8
  (C5) Other manufactured products 422 125.5 0.2 18.6
All markets
BE: TOTAL INDUSTRY 1000 134.0 1.4 25.0
CZ: Manufactured products 829 126.2 1.5 19.1
  (C1) Food products, beverages, tobacco 169 121.3 1.2 16.7
  (C2) Coke and refined petroleum products 31 272.6 12.8 134.0
  (C3) Electrical & electronic equip., computers, mach. 92 109.9 0.5 6.8
  (C4) Transport equipment 159 113.0 0.5 6.0
  (C5) Other manufactured products 378 125.6 0.4 17.9
  • Source: INSEE.

Import prices of industrial products: +0.5%

In June 2022, the import prices of industrial products went up by 0.5% over a month (after +0.4% in May 2022): the rise of manufactured product prices (+1.0% after +0.9%) was partly offset by the new fall of prices of mining and quarrying products, energy and water (especially those of natural gas). Over a year, the import prices of industrial products kept rising strongly (+29.3%), but slightly less than in the previous month (+30.6% in May 2022).

The prices of coke and refined petroleum products accelerated strongly both over a month (+13.2% after +3.8%) and over a year (+124.5% after +111.0%). They fell back over a month for the “other industrial products” (–0.2% after +0.8%; +16.7% over a year after +18.3%) and for food, beverages and tobacco (–0.5% after +1.4%; +15.6% over a year after +16.6%). Transport equipment prices rose by 0.3% over a month (after +0.4%; +3.8% over a year, as in the previous month). At last, prices of electrical, computer and electronic equipment and machinery were almost stable over a month (+0.1% after +0.3%; +5.6% over a year 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 June 22 In 1 month In 1 year
BE: TOTAL INDUSTRY 1000 138.4 0.5 29.3
CZ: Manufactured products s 122.7 1.0 16.4
  (C1) Food products, beverages, tobacco 73 123.5 -0.5 15.6
  (C2) Coke and refined petroleum products 40 246.5 13.2 124.5
  (C3) Electrical & electronic equip., computers, mach. 225 105.5 0.1 5.6
  (C4) Transport equipment 188 107.6 0.3 3.8
  (C5) Other manufactured products s 126.3 -0.2 16.7
  • s: confidential
  • Source: INSEE.

The monthly variation of the producer price index in industry in May 2022 has been revised downwards by 0.1 points, compared to the previous release: it now stands at +0.2%

Revision of variations

In %
Revision of variations (In %) - (1) How to read it: the variation of the producer price index in industry for products sold on the home market between April 2022 and May 2022 has been revised by –0.2 points: published in June 2022 equal to –0.1%, it has been updated to –0.3 %.
Mar. 22 / Feb. 22 Apr. 22 / Mar. 22 May 22 / Apr. 22
French producer prices in industry sold on:
  - the home market +0.1 // -0.2
  - the foreign markets // +0.1 -0.1
  - all markets // +0.1 -0.1
Import prices of industrial products // +0.1 +0.2
  • //: unrevised evolution (after rounding)
  • (1) How to read it: the variation of the producer price index in industry for products sold on the home market between April 2022 and May 2022 has been revised by –0.2 points: published in June 2022 equal to –0.1%, it has been updated to –0.3 %.

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: 31 August 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: 31 August 2022 at 8.45 a.m.

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