Insee
Informations Rapides · 31 January 2023 · n° 28
Informations rapidesIn December 2022 the industrial producer prices rose again over a month (+1.1%) and remained on a high rise over a year (+17.7%) Industrial Producer and Import Price Indices - December 2022

In December 2022, the industrial producer prices accelerated over a month (+1.1% after +0.6%), both for products sold on the home market (+1.4% after +0.7%) and for exported products (+0.5% after a stability in November). Over a year, the industrial producer prices continued to rise sharply: +17.7% after +18.1%.

The prices of the trade services of electricity went up strongly over a month (+10.9% after +5.1%) as well as over a year (+60.6% after +55.3%).The industrial producer prices excluding energy were almost unchanged over a month (-0.1%) and decelerated over a year (+9.4% after +11.9%).

Informations rapides
No 28
Paru le :Paru le31/01/2023
Prochaine parution le : 27/09/2024 at 08:45 - August 2024

Total Industry price indices

Total Industry price indices
PPI for all markets PPI for home market PPI for foreign markets Import prices
2022-12 141.7 147.2 128.0 132.9
2022-11 140.1 145.2 127.4 134.5
2022-10 139.3 144.2 127.4 135.1
2022-09 141.0 144.5 132.2 136.9
2022-08 140.6 143.1 134.6 141.2
2022-07 137.2 139.1 132.4 139.2
2022-06 134.3 136.5 128.7 138.4
2022-05 132.2 134.6 125.9 137.8
2022-04 132.0 135.0 124.4 137.3
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: +1.1%

In December 2022, the industrial producer prices accelerated over a month (+1.1% after +0.6%), both for products sold on the home market (+1.4% after +0.7%) and for exported products (+0.5% after a stability in November). Over a year, the industrial producer prices continued to rise sharply: +17.7% after +18.1%.

The prices of the trade services of electricity went up strongly over a month (+10.9% after +5.1%) as well as over a year (+60.6% after +55.3%).The industrial producer prices excluding energy were almost unchanged over a month (-0.1%) and decelerated over a year (+9.4% after +11.9%).

HOME MARKET: +1.4%

In December 2022, the industrial producer prices for the home market accelerated over a month (+1.4% after +0.7% in November), due to the prices of mining and quarrying products, energy and water, while those of manufactured products fell again (‑0.9% after -0.7%). Over a year, the rise of the industrial producer prices for the home market remained sharp: +20.7% (after +20.9%). These prices were 43% above their 2019 average level.

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

In December 2022, the prices of mining and quarrying products, energy and water accelerated sharply over a month (+6.1% after +3.8% in November 2022), as well as over a year (+34.9% after +33.0%). They have more than doubled compared to their 2019 average level. The prices of the trade services of electricity went up strongly over a month (+10.9% after +5.1%) as well as over a year (+60.6% after +55.3%).

Fall of refined petroleum product prices

In the wake of crude oil prices, the prices of refined petroleum products went down sharply in December 2022 (‑12,7% as in November 2022) but were still rising at a very high pace over one year (+37.1% after +48.5%). They were 55% above their 2019 average level.

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
2022-12 186.9
2022-11 214.1
2022-10 245.3
2022-09 220.0
2022-08 224.1
2022-07 244.5
2022-06 275.6
2022-05 244.8
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.

Rise of transport equipment prices

In December 2022, transport equipment prices went up by 1.8% over a month (as in November 2022), especially those of motor vehicles (+3.5% after +3.6%): manufacturers passed on their production cost increases (raw materials and electronic components), in a context of imbalance between supply and demand for new vehicles. The prices of bodies (coachwork) for motor vehicles; trailers and semi-trailers accelerated over a month (+1.1% after +0.6%) and have remained on a continuous rise for almost two years. Over a year, transport equipment prices accelerated (+11.3% after +10.2% in November) and were 20% above their 2019 average level.

Downturn of the prices of the “other industrial products”

In December 2022, the prices of the “other industrial products” fell back over a month (-0.3% after +0.1%), due to the fall in the other organic basic chemicals product prices (-7.4% after +0.8%) and those of paper and paperboard products (-2.6% after -1.4%). Over a year, the prices of the “other industrial products” remained on a rise at a high pace (+11.8% after +12.8% in the previous month). They stood 23% above their 2019 average level.

Slowdown of food and beverage prices

In December 2022, food and beverage prices decelerated over a month (+0.2% after +0.7%) owing to oil and fat price decelerations (-6.1% after +7.2%) and despite the sharp acceleration of sugar prices (+11.4% after +1.3%). Over a year, food and beverage prices remained on a high rise (+19.4% after +20.4%). They were 26% above their 2019 average level.

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

In December 2022, the prices of electrical, computer and electronic equipment and machinery were almost unchanged over a month (+0.1% after +0.2% in the previous month) and decelerated over a year (+6.7% after +7.2%). They stood 12% above their 2019 average level.

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
2022-12 127.6 113.8 122.1 126.7
2022-11 127.4 113.7 120.0 127.1
2022-10 126.5 113.5 117.9 127.0
2022-09 125.1 113.1 115.9 126.6
2022-08 124.8 112.7 114.6 126.6
2022-07 123.6 112.2 114.2 126.3
2022-06 121.3 111.7 113.1 125.9
2022-05 119.8 111.1 112.3 125.2
2022-04 117.5 110.5 111.3 123.7
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
  • Legend: C1: Food products, beverages and tobacco products - C3: Electrical, electronic, computer equipments; machinery - C4: Transport equipment - C5: Other industrial products

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

  • Legend: C1: Food products, beverages and tobacco products - C3: Electrical, electronic, computer equipments; machinery - C4: Transport equipment - C5: Other industrial products
  • Source: INSEE

FOREIGN MARKETS: +0.5%

In December 2022, the industrial producer prices for the foreign markets went up by 0.5% over a month, after a stability in November. Over a year, the industrial producer prices for the foreign markets decelerated but remained on a high rise (+9.9% after +10.9% in the previous month), albeit at a slower pace than on the home market. This less pronounced rise is accounted for the lower share of mining and quarrying products, energy and water on foreign markets than on the home market.

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)
Changes in %
over a month over a year
Levels A 10 and A 17 in CPF rev. 2 Weight Dec. 22 Dec.22 / Nov.22 Nov.22 / Oct.22 Dec.22 / Dec.21 Nov.22 / Nov.21
Home market
BE: TOTAL INDUSTRY 711.0 147.2 1.4 0.7 20.7 20.9
(DE) Mining and quarrying, energy, water 166.0 211.8 6.1 3.8 34.9 33.0
CZ: Manufactured products 545.0 127.8 -0.9 -0.7 14.6 15.9
  (C1) Food products, beverages, tobacco 141.0 127.6 0.2 0.7 19.4 20.4
  (C2) Coke and refined petroleum products 26.0 186.9 -12.7 -12.7 37.1 48.5
  (C3) Electrical & electronic equip., computers, mach. 53.0 113.8 0.1 0.2 6.7 7.2
  (C4) Transport equipment 70.0 122.1 1.8 1.8 11.3 10.2
  (C5) Other manufactured products 255.0 126.7 -0.3 0.1 11.8 12.8
Foreign markets
BE: TOTAL INDUSTRY 289.0 128.0 0.5 0.0 9.9 10.9
CZ: Manufactured products s 121.0 -1.0 -0.8 9.8 11.7
  (C1) Food products, beverages, tobacco 28.0 129.4 -0.2 0.5 20.0 21.7
  (C2) Coke and refined petroleum products 6.0 157.2 -14.8 -8.9 16.4 28.1
  (C3) Electrical & electronic equip., computers, mach. 39.0 110.7 0.1 0.2 6.2 7.0
  (C4) Transport equipment 88.0 116.4 -0.9 -0.8 7.1 8.8
  (C5) Other manufactured products s 124.1 -0.6 -0.7 10.1 12.0
All markets
BE: TOTAL INDUSTRY 1000.0 141.7 1.1 0.6 17.7 18.1
CZ: Manufactured products s 125.5 -0.9 -0.7 13.0 14.6
  (C1) Food products, beverages, tobacco 169.0 127.9 0.1 0.6 19.4 20.6
  (C2) Coke and refined petroleum products 31.0 180.5 -13.1 -12.1 33.1 44.5
  (C3) Electrical & electronic equip., computers, mach. 92.0 112.5 0.2 0.2 6.5 7.1
  (C4) Transport equipment 159.0 118.7 0.2 0.3 8.9 9.5
  (C5) Other manufactured products s 125.9 -0.4 -0.2 11.3 12.6
  • s: confidential
  • Source: INSEE.

Import prices of industrial products: -1.2%

In December 2022, the import prices of industrial products were down again (-1.2% after -0.4%), due to the marked drop in the prices of coke and refined petroleum products (‑13.1% after -11.7%). The prices of electrical, computer and electronic equipment and machinery remained almost unchanged over a month, while those of the other sectors went down.

Over a year, the import prices of industrial products kept rising sharply but decelerated (+8.6% after +11.9%). They were 31% above their 2019 average level.

Import prices of industrial products

reference year: 2015
Import prices of industrial products (reference year: 2015)
Changes in %
over a month over a year
Levels A 10 and A 17 in CPF rev. 2 Weight Dec. 22 Dec.22 / Nov.22 Nov.22 / Oct.22 Dec.22 / Dec.21 Nov.22 / Nov.21
BE: TOTAL INDUSTRY 1000 132.9 -1.2 -0.4 8.6 11.9
CZ: Manufactured products s 119.9 -1.3 -1.4 8.4 10.2
  (C1) Food products, beverages, tobacco 73 126.8 -0.5 0.8 13.8 16.7
  (C2) Coke and refined petroleum products 40 174.4 -13.1 -11.7 36.5 51.4
  (C3) Electrical & electronic equip., computers, mach. 225 108.0 0.1 0.0 5.5 5.9
  (C4) Transport equipment 188 108.6 -0.3 0.1 4.5 4.4
  (C5) Other manufactured products s 124.6 -0.7 -1.2 7.3 8.9
  • s: confidential
  • Source: INSEE.

Revisions

The monthly variation of the producer price index in industry in November 2022 has been revised downwards by 0.3 points compared to the previous release: it now stands at +0.6%.

The monthly change in the industrial producer prices for the home market in November 2022 has been revised downwards by 0.5 points (+0.7% instead of +1.2%), after taking into account consolidated data on refined petroleum product prices, basic iron and steel and ferro-alloys prices and electricity production and trade prices.

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 October 2022 and November 2022 has been revised by -0,5 points: published in December 2022 equal to +1.2%, it has been updated to +0.7%.
Sept. 22 / August 22 Oct.22 / Sept. 22 Nov.22 / Oct.22
French producer prices in industry sold on:
  - the home market // // -0.5
  - the foreign markets // // -0.2
  - all markets // -0.1 -0.3
Import prices of industrial products // -0.1 //
  • //: 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 October 2022 and November 2022 has been revised by -0,5 points: published in December 2022 equal to +1.2%, it has been updated to +0.7%.

For more 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.

Further information (simplified and detailed methodology notes, classification, etc.) are available in the tab “Documentation” of this publication webpage.

New released indices : Producer price index in industrial production sold in France − CPA 35.14 − Wholesale electricity sold on spot and futures markets (idbank 010760785)

Next publication: 28 February 2023 at 8.45 a.m.

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