Informations Rapides · 28 July 2022 · n° 197

In June 2022 the industrial producer prices rose by 1.4% over a month and by 25.0% over a year Industrial 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%).

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%).

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%).

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.

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).

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).

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%).

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%).

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%).