Insee
Informations Rapides · 31 March 2023 · n° 86
Informations rapidesIn February 2023 the industrial producer prices fell back over a month (-0.7%) and remained on a high rise over a year (+13.0%) Industrial Producer and Import Price Indices - February 2023

In February 2023, the industrial producer prices fell back over a month (-0.7% after +1.3%), in particular those of products sold on the home market (-0.9% after +2.5%). The prices of products intended for foreign markets went down for the second consecutive month (-0.2% after -1.9%). Over a year, the industrial producer prices decelerated but remained on a high rise: +13.0% after +14.5%.

Excluding energy, the industrial producer prices were unchanged over a month (after a 1.1% rise in January) and decelerated over a year (+9.3% after +10.3%).

Informations rapides
No 86
Paru le :Paru le31/03/2023
Prochaine parution le : 31/10/2023 at 08:45 - September 2023

Total Industry price indices

Total Industry price indices
PPI for all markets PPI for home market PPI for foreign markets Import prices
2023-02 142.3 149.2 125.1 129.0
2023-01 143.3 150.5 125.3 128.9
2022-12 141.4 146.9 127.7 132.5
2022-11 140.0 145.2 127.3 134.2
2022-10 139.3 144.2 127.4 135.0
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: -0.7%

In February 2023, the industrial producer prices fell back over a month (-0.7% after +1.3%), in particular those of products sold on the home market (-0.9% after +2.5%). The prices of products intended for foreign markets went down for the second consecutive month (-0.2% after -1.9%). Over a year, the industrial producer prices decelerated but remained on a high rise: +13.0% after +14.5%.

Excluding energy, the industrial producer prices were unchanged over a month (after a 1.1% rise in January) and decelerated over a year (+9.3% after +10.3%).

HOME MARKET: -0.9%

In February 2023, the industrial producer prices for the home market fell back over a month (-0.9% after +2.5% in January 2023), due to the downturn in prices of mining and quarrying products, energy and water (-1.7% after +4.9%) as well as those of manufactured products (-0.4% after +1.3%). Over a year, the rise of the industrial producer prices for the home market remained sharp: +15.7% (after +17.6%). These prices were approximately 45% above their 2019 average level.

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

In February 2023, the prices of mining and quarrying products, energy and water fell back markedly over a month (-1.7% after +4.9% in January 2023), due to a substantial fall of prices of trade services of gas through mains (-17.7% after -2.2%) while the prices of the production and trade of electricity decelerated over a month (+1.8% after +10.1%). Over a year, the prices of mining and quarrying products, energy and water decelerated slightly (+27.6% after +28.8%) but remained on a high rise. Compared to their 2019 average level, the prices of mining and quarrying products, energy and water have more than doubled (+109%).

Downturn of refined petroleum product prices

While oil rates rose again on international markets in February 2023, the prices of refined petroleum products fell back over a month (-7.4% after +3.2%), as producers continued to pass on rate drops observed on world markets in previous months, particularly for diesel. Prices of refined petroleum products decelerated markedly over a year (+2.9% after +23.2%) and were approximately 49% 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
2023-02 179.2
2023-01 193.5
2022-12 187.5
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.

Deceleration of food and beverage prices

In February 2023, food and beverage prices decelerated over a month (+0.8% after +1.7%) and remained on a high rise over a year (+19.6% after +19.8%). The prices of processed and preserved meat went up by 2.4% (after +0.3%) driven by those of the pig sector (due to supply issues and production cost rises). The prices of bread, fresh pastry goods and cakes were also up (+1.4% as in January 2023). The prices of oils and fats fell again (-5.4% after -2.8%), returning to their levels at the beginning of 2022 but standing 77% above their 2019 average level. Food and beverage prices were approximately 29% above their 2019 average level.

Downturn of the prices of the “other industrial products”

In February 2023, the prices of the “other industrial products” fell back over a month (-0.4% after +0.9%), driven down by the prices of chemicals and chemical products (-4.1% after -1.8%). In particular, the prices of “other inorganic basic chemicals” fell sharply (-13.1% after -2.3%) as did those of fertilizers and nitrogen compounds (-16.3% after -5.3%).

Over a year, the prices of the “other industrial products” decelerated (+7.2% after +8.7% in the previous month). They stood approximately 23% above their 2019 average level.

Slowdown of electrical, computer and electronic equipment and machinery prices

In February 2023, the prices of electrical, computer and electronic equipment and machinery slowed down over a month (+0.7% after +1.4% in the previous month). However, the prices of wiring devices rebounded over a month (+11.4% after -0.2%) owing to raw material costs. Over a year, the prices of electrical, computer and electronic equipment and machinery went up on a pace close to the one of the previous month (+6.8% after +6.9%). They stood 15% above their 2019 average level.

Deceleration of transport equipment prices

In February 2023, transport equipment prices decelerated over a month: +0.2% after +0.6%, those of motor vehicles were virtually stable (+0.1% after +0.2%). Over a year, transport equipment prices remained on a sharp rise (+11.2% after +11.3%) and were approximately 21% 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
2023-02 131.1 116.4 122.8 126.5
2023-01 130.1 115.6 122.6 127.0
2022-12 127.9 114.0 121.9 125.9
2022-11 127.7 113.9 119.9 126.6
2022-10 126.7 113.6 117.7 126.8
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: -0.2%

In February 2023, the industrial producer prices for the foreign markets fell for the second consecutive month (-0.2% after -1.9% in January), driven significantly down by the prices of the “other industrial products” (-0.5% after +0.8%) as well as those of refined petroleum products (-1.4% after +9.5% in January 2023).

Over a year, the industrial producer prices for the foreign markets continued to rise sharply (+6.0% after +6.3% in the previous month), however the rise was less marked 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 Feb. 23 Feb.23 / Jan.23 Jan.23 / Dec.22 Feb.23 / Feb.22 Jan.23 / Jan.22
Home market
BE: TOTAL INDUSTRY 711.0 149.2 -0.9 2.5 15.7 17.6
(DE) Mining and quarrying, energy, water 166.0 217.9 -1.7 4.9 27.6 28.8
CZ: Manufactured products 545.0 128.6 -0.4 1.3 10.4 12.5
  (C1) Food products, beverages, tobacco 141.0 131.1 0.8 1.7 19.6 19.8
  (C2) Coke and refined petroleum products 26.0 179.2 -7.4 3.2 2.9 23.2
  (C3) Electrical & electronic equip., computers, mach. 53.0 116.4 0.7 1.4 6.8 6.9
  (C4) Transport equipment 70.0 122.8 0.2 0.6 11.2 11.3
  (C5) Other manufactured products 255.0 126.5 -0.4 0.9 7.2 8.7
Foreign markets
BE: TOTAL INDUSTRY 289.0 125.1 -0.2 -1.9 6.0 6.3
CZ: Manufactured products s 121.9 -0.2 1.2 7.5 8.8
  (C1) Food products, beverages, tobacco 28.0 136.3 -0.1 5.1 21.0 22.9
  (C2) Coke and refined petroleum products 6.0 171.0 -1.4 9.5 1.8 14.4
  (C3) Electrical & electronic equip., computers, mach. 39.0 111.9 0.2 0.8 6.0 6.0
  (C4) Transport equipment 88.0 116.2 0.3 -0.2 6.3 6.0
  (C5) Other manufactured products s 123.8 -0.5 0.8 6.2 8.1
All markets
BE: TOTAL INDUSTRY 1000.0 142.3 -0.7 1.3 13.0 14.5
CZ: Manufactured products s 126.4 -0.3 1.3 9.4 11.2
  (C1) Food products, beverages, tobacco 169.0 132.0 0.6 2.3 19.9 20.3
  (C2) Coke and refined petroleum products 31.0 177.0 -6.3 4.3 2.7 21.5
  (C3) Electrical & electronic equip., computers, mach. 92.0 114.4 0.4 1.2 6.4 6.5
  (C4) Transport equipment 159.0 118.9 0.2 0.2 8.4 8.4
  (C5) Other manufactured products s 125.6 -0.4 0.8 6.9 8.4
  • s: confidential
  • Source: INSEE.

Import prices of industrial products: +0.1%

In February 2023, the import prices of industrial products were virtually stable after five months in a fall (+0.1% after -2.7%). The prices of mining and quarrying products, energy and water rose significantly while the prices of each manufactured product sector fell back or were virtually stable. In particular, the prices of coke and refined petroleum products fell back markedly (-7.0% after +0.3%) as well as, to a lesser extend, those of the “other industrial products” (-0.3% after +0.6%).

Over a year, the import prices of industrial products decelerated (+0.3% after +1.0%). They were approximately 27% 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 Feb. 23 Feb.23 / Jan.23 Jan.23 / Dec.22 Feb.23 / Feb.22 Jan.23 / Jan.22
BE: TOTAL INDUSTRY 1000 129.0 0.1 -2.7 0.3 1.0
CZ: Manufactured products s 119.8 -0.7 0.8 4.7 6.5
  (C1) Food products, beverages, tobacco 73 128.5 -0.3 1.6 11.4 12.8
  (C2) Coke and refined petroleum products 40 163.7 -7.0 0.3 3.7 20.8
  (C3) Electrical & electronic equip., computers, mach. 225 108.3 0.0 0.8 4.6 4.7
  (C4) Transport equipment 188 109.9 0.1 0.9 3.9 4.0
  (C5) Other manufactured products s 124.5 -0.3 0.6 4.3 5.7
  • s: confidential
  • Source: INSEE.

Revisions

The monthly variation of the producer price index in industry in January 2023 has been revised downwards by 0.3 points (+1.3% instead of +1.6%), after taking into account late responses on prices of trade services of gas through mains, on the production and trade of electricity as well as on chemicals and chemical products.

Revision of variations

In %
Revision of variations (In %) - How to read it: the variation of the producer price index in industry for products sold on the home market between December 2022 and January 2023 has been revised by -0.2 points: published in February 2023 equal to +2.7%, it has been updated to +2.5%.
Jan.23 / Dec.22 Dec.22 / Nov.22 Nov.22 / Oct.22
French producer prices in industry sold on:
  - the home market -0.2 // -0.1
  - the foreign markets -0.2 -0.2 //
  - all markets -0.3 // -0.1
Import prices of industrial products +0.2 // -0.2
  • //: unrevised evolution (after rounding)
  • How to read it: the variation of the producer price index in industry for products sold on the home market between December 2022 and January 2023 has been revised by -0.2 points: published in February 2023 equal to +2.7%, it has been updated to +2.5%.

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.

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

Next publication: 28 April 2023 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.

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

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

: bureau-de-presse@insee.fr
: