Insee
Informations Rapides · 28 July 2023 · n° 200
Informations rapidesIn June 2023, agricultural producer prices continued to fall sharply year on year (‑6.3% after ‑9.4 %)  Indices of agricultural prices - June 2023

In June 2023, year on year, agricultural producer prices went down again (‑6.3% after ‑9.4% in May 2023 and ‑6.1% in April 2023). These prices were nonetheless still 17.8% above their June 2021 level: cereal, wine, animal, milk and egg prices were higher than in June 2021, while oil seed prices remained below their level of two years ago. Over one month, excluding fresh fruits and vegetables, agricultural producer prices were almost stable (‑0.1% after ‑2.3%).

In June 2023, input purchase prices fell again over one month (‑1.0% after ‑1.5% in May and ‑1.4% in April) and year on year (‑4.7% after ‑1.9% and +0.7%). However, they were still 20.5% higher than in June 2021.

Informations rapides
No 200
Paru le :Paru le28/07/2023

In June 2023, year on year, agricultural producer prices went down again (‑6.3% after ‑9.4% in May 2023 and ‑6.1% in April 2023). These prices were nonetheless still 17.8% above their June 2021 level: cereal, wine, animal, milk and egg prices were higher than in June 2021, while oil seed prices remained below their level of two years ago. Over one month, excluding fresh fruits and vegetables, agricultural producer prices were almost stable (‑0.1% after ‑2.3%).

In June 2023, input purchase prices fell again over one month (‑1.0% after ‑1.5% in May and ‑1.4% in April) and year on year (‑4.7% after ‑1.9% and +0.7%). However, they were still 20.5% higher than in June 2021.

Producer prices of agricultural products (IPPAP) and purchase prices of inputs for agricultural production (IPPIAP)

Producer prices of agricultural products (IPPAP) and purchase prices of inputs for agricultural production (IPPIAP)
IPPAP IPPIAP
2023-06 137.1 132.1
2023-05 136.3 133.5
2023-04 139.6 135.6
2023-03 143.1 137.5
2023-02 145.8 138.6
2023-01 144.2 140.1
2022-12 142.0 139.6
2022-11 145.4 141.3
2022-10 146.9 142.0
2022-09 145.8 139.5
2022-08 145.0 138.9
2022-07 144.8 138.2
2022-06 146.3 138.6
2022-05 150.4 136.1
2022-04 148.6 134.6
2022-03 144.2 133.2
2022-02 130.0 124.9
2022-01 129.4 123.1
2021-12 127.9 120.5
2021-11 127.4 119.5
2021-10 125.4 117.5
2021-09 121.6 113.2
2021-08 118.8 111.6
2021-07 116.4 110.9
2021-06 116.4 109.6
2021-05 116.5 108.5
2021-04 113.3 107.9
2021-03 112.9 107.6
2021-02 112.7 106.4
2021-01 110.9 104.5
2020-12 108.5 103.1
2020-11 109.8 102.6
2020-10 109.5 102.1
2020-09 106.9 101.5
2020-08 107.7 101.8
2020-07 107.5 101.8
2020-06 108.0 101.8
2020-05 108.6 101.7
2020-04 110.0 101.7
2020-03 109.3 102.3
2020-02 108.3 103.4
2020-01 109.7 103.6
2019-12 109.2 103.5
2019-11 108.7 103.3
2019-10 107.6 103.6
2019-09 107.1 103.7
2019-08 106.9 103.3
2019-07 109.1 103.7
2019-06 109.0 103.8
2019-05 108.0 104.4
2019-04 107.8 104.6
2019-03 107.0 104.4
2019-02 108.0 104.1
2019-01 109.4 103.6
2018-12 109.5 103.8
2018-11 109.3 104.5
2018-10 108.4 104.6
2018-09 109.0 103.6
2018-08 107.6 102.7
2018-07 105.6 102.2
2018-06 104.5 101.9
2018-05 104.0 102.0
2018-04 103.5 101.1
2018-03 104.3 100.4
2018-02 103.7 100.1
2018-01 103.4 100.1
2017-12 104.4 99.3
2017-11 104.3 99.2
2017-10 103.8 98.9
2017-09 102.5 98.4
2017-08 103.3 98.0
2017-07 103.0 97.9
2017-06 103.6 98.1
2017-05 104.3 98.7
2017-04 103.9 99.1
2017-03 103.7 98.9
2017-02 104.9 99.0
2017-01 104.6 98.6
2016-12 103.8 98.3
2016-11 103.0 97.2
2016-10 102.3 97.4
2016-09 100.6 97.0
2016-08 101.0 96.9
2016-07 102.1 97.3
2016-06 100.6 97.8
2016-05 98.7 97.9
2016-04 97.6 97.4
2016-03 98.0 97.6
2016-02 97.0 97.5
2016-01 97.2 97.8
2015-12 99.0 98.3
2015-11 100.6 99.3
2015-10 101.8 99.5
2015-09 101.6 99.6
2015-08 100.5 99.7
2015-07 101.2 100.2
2015-06 100.2 100.6
2015-05 98.9 101.3
2015-04 99.3 101.1
2015-03 99.1 100.7
2015-02 98.9 100.5
2015-01 99.5 99.1
2014-12 101.2 99.5
2014-11 100.5 100.4
2014-10 98.9 101.0
2014-09 99.5 101.6
2014-08 101.9 102.1
2014-07 102.6 102.5
2014-06 103.9 103.1
2014-05 105.4 103.3
2014-04 106.7 103.3
2014-03 106.7 103.1
2014-02 105.8 103.0
2014-01 106.2 102.9

Producer prices of agricultural products (IPPAP) and purchase prices of inputs for agricultural production (IPPIAP)

  • Sources: INSEE, SSP (ministry in charge of agriculture)

Cereal prices rebounded over a month but fell strongly year on year

In June 2023, cereal prices rebounded over one month (+3.4% after ‑10.0% in May and ‑7.0% in April). Soft wheat prices were up anew (+2.8% after ‑9.8% and ‑6.7%), due in particular to uncertainty over the extension in July of the agreement authorising exports from Ukraine and Russia via the Black Sea. Maize prices also rebounded (+3.2% after ‑12.5% and ‑6.2%), due in particular to the drought in the United States. Year on year, cereal prices dropped (‑37.5% in June after ‑43.2%), mainly due to a base effect (they had risen sharply throughout 2021 and in the spring of 2022). However, they were back slightly above their level of two years earlier (+7.8% compared with June 2021).

Oil seed prices also bounced back in June 2023 (+3.5% over one month, after ‑5.1% in May and ‑7.8% in April). They were driven up by rapeseed prices (+4.2% after ‑4.7% and ‑8.4%), due in particular to the drought in the United States and Canada, by soybean prices (+1.8% after ‑2.2% and ‑11.1%) and by sunflower prices (+0.4% after ‑7.3% and ‑3.8%). Year on year, oil seed prices collapsed by 41.4% in June 2023 (after ‑49.6% in May). They were 16.0% lower than in June 2021.

Producer prices of cereals and oil seed

Producer prices of cereals and oil seed
Oil seed Cereals
2023-06 115.7 135.6
2023-05 111.8 131.1
2023-04 117.8 145.7
2023-03 127.7 156.7
2023-02 146.6 169.5
2023-01 148.3 171.2
2022-12 152.6 178.9
2022-11 165.4 190.0
2022-10 169.1 200.6
2022-09 160.0 200.5
2022-08 169.1 195.2
2022-07 174.7 197.5
2022-06 197.3 216.9
2022-05 221.8 230.9
2022-04 259.1 223.3
2022-03 239.1 217.2
2022-02 187.7 158.6
2022-01 187.1 161.9
2021-12 179.3 163.9
2021-11 180.0 168.7
2021-10 174.2 158.9
2021-09 157.1 146.1
2021-08 147.4 139.5
2021-07 140.5 123.7
2021-06 137.7 125.8
2021-05 141.3 132.5
2021-04 131.9 127.3
2021-03 140.0 128.8
2021-02 128.3 131.0
2021-01 122.1 129.2
2020-12 114.7 119.0
2020-11 113.8 120.0
2020-10 105.5 114.7
2020-09 102.7 107.7
2020-08 99.2 104.3
2020-07 97.8 105.5
2020-06 95.1 102.5
2020-05 96.3 105.4
2020-04 95.3 106.5
2020-03 95.5 103.1
2020-02 101.7 105.3
2020-01 105.8 106.5
2019-12 104.4 102.4
2019-11 101.5 100.8
2019-10 100.0 99.8
2019-09 99.7 95.0
2019-08 97.1 96.5
2019-07 95.1 99.4
2019-06 94.1 101.8
2019-05 93.4 101.1
2019-04 93.6 103.7
2019-03 92.6 103.5
2019-02 94.0 107.8
2019-01 95.1 114.4
2018-12 95.0 115.1
2018-11 95.1 113.9
2018-10 94.9 113.8
2018-09 93.4 114.4
2018-08 95.7 120.0
2018-07 91.9 108.6
2018-06 89.6 100.9
2018-05 90.7 97.7
2018-04 88.9 94.4
2018-03 89.5 94.1
2018-02 88.9 91.9
2018-01 89.3 90.6
2017-12 92.8 91.0
2017-11 96.0 92.1
2017-10 93.6 92.3
2017-09 94.0 92.3
2017-08 94.9 NaN
2017-07 95.3 NaN
2017-06 94.1 NaN
2017-05 96.6 NaN
2017-04 103.5 NaN
2017-03 106.9 NaN
2017-02 110.1 NaN
2017-01 109.4 NaN
2016-12 108.5 NaN
2016-11 104.0 NaN
2016-10 102.3 NaN
2016-09 99.6 NaN
2016-08 97.0 NaN
2016-07 94.9 NaN
2016-06 98.9 NaN
2016-05 96.9 NaN
2016-04 95.9 NaN
2016-03 92.4 NaN
2016-02 93.2 NaN
2016-01 96.1 NaN
2015-12 100.9 NaN
2015-11 102.4 NaN
2015-10 101.0 NaN
2015-09 97.7 NaN
2015-08 99.0 NaN
2015-07 103.2 NaN
2015-06 104.5 NaN
2015-05 101.0 NaN
2015-04 100.9 NaN
2015-03 99.2 NaN
2015-02 95.9 NaN
2015-01 94.2 NaN
2014-12 92.0 NaN
2014-11 89.7 NaN
2014-10 85.6 NaN
2014-09 83.7 NaN
2014-08 85.6 NaN
2014-07 87.3 NaN
2014-06 94.2 NaN
2014-05 99.2 NaN
2014-04 104.9 NaN
2014-03 107.3 NaN
2014-02 101.5 NaN
2014-01 96.1 NaN

Producer prices of cereals and oil seed

  • Source: INSEE

Year on year, fresh vegetable and fruit prices continued to rise

Fresh vegetable prices accelerated year on year (+16.0% in June after +6.6% in May). Among the main seasonal products, only cucumber prices fell (‑12.2% after ‑24.7%). Conversely, prices continued to soar for carrots (+80.4% after +88.0%), celeriac (+59.9% after +56.0%) and turnips (+48.8% after +62.9%). The rise was more moderate for salads (+6.8% after +4.8%), courgettes (+5.9% after +11.4%) and tomatoes (+3.5% after ‑15.9%). In June 2023, fresh vegetable prices were 24.2% above their June 2021 level.

Year on year, fresh fruit prices rose sharply in June 2023, but at a slower pace than in May (+12.5% after +19.2%). Peach (+3.4%), nectarine (+5.0%), strawberry (+6.1% after +27.7%), apricot (+6.4%) and apple (+6.7% after +12.4%) prices were up markedly, while those of cherries soared (+57.8% after +10.3%). Fresh fruit prices were close to their June 2021 level (+0.8%).

Producer prices of fresh fruit and vegetables

Producer prices of fresh fruit and vegetables
Fresh vegetables Fresh fruit
2023-06 142.7 147.7
2023-05 128.5 135.0
2023-04 161.3 137.3
2023-03 193.0 140.2
2023-02 190.3 139.6
2023-01 166.5 134.8
2022-12 151.9 134.5
2022-11 141.0 129.0
2022-10 157.7 126.4
2022-09 161.3 127.8
2022-08 133.8 143.7
2022-07 124.4 140.2
2022-06 123.0 131.3
2022-05 120.6 113.3
2022-04 145.6 129.7
2022-03 136.6 134.3
2022-02 121.0 130.0
2022-01 118.5 130.1
2021-12 120.2 133.7
2021-11 120.8 130.6
2021-10 117.1 138.6
2021-09 114.6 149.9
2021-08 127.9 156.2
2021-07 119.3 151.1
2021-06 114.9 146.6
2021-05 115.0 143.0
2021-04 143.1 137.5
2021-03 148.2 136.7
2021-02 137.4 133.2
2021-01 135.7 130.0
2020-12 113.6 126.4
2020-11 133.4 122.9
2020-10 128.4 122.8
2020-09 117.7 119.5
2020-08 118.8 122.4
2020-07 106.4 122.3
2020-06 117.8 128.2
2020-05 118.9 125.8
2020-04 176.3 122.0
2020-03 147.6 115.6
2020-02 118.2 116.2
2020-01 136.7 115.4
2019-12 131.2 112.2
2019-11 132.2 109.4
2019-10 103.9 108.8
2019-09 113.8 109.0
2019-08 108.1 112.3
2019-07 117.6 109.5
2019-06 124.2 105.3
2019-05 99.8 109.4
2019-04 117.7 109.3
2019-03 121.9 113.5
2019-02 132.7 114.1
2019-01 147.5 114.7
2018-12 138.0 111.8
2018-11 132.5 112.8
2018-10 112.8 112.4
2018-09 119.9 118.0
2018-08 103.6 121.0
2018-07 97.4 116.6
2018-06 102.4 114.1
2018-05 103.5 117.2
2018-04 109.5 124.4
2018-03 117.6 125.0
2018-02 102.8 123.5
2018-01 101.6 119.9
2017-12 97.6 115.6
2017-11 98.4 112.1
2017-10 97.9 111.2
2017-09 100.9 107.7
2017-08 94.1 NaN
2017-07 85.8 NaN
2017-06 102.8 NaN
2017-05 97.9 NaN
2017-04 111.2 NaN
2017-03 107.4 NaN
2017-02 133.5 NaN
2017-01 132.4 NaN
2016-12 113.3 NaN
2016-11 119.0 NaN
2016-10 110.1 NaN
2016-09 97.2 NaN
2016-08 101.6 NaN
2016-07 116.7 NaN
2016-06 102.3 NaN
2016-05 101.0 NaN
2016-04 114.9 NaN
2016-03 128.4 NaN
2016-02 94.2 NaN
2016-01 96.3 NaN

Producer prices of fresh fruit and vegetables

  • Source: SSP (ministry in charge of agriculture)

Animal prices fell over one month, but remained up significantly year on year

In June 2023, animal prices fell again over one month (‑0.4% after ‑2.0%). Pig (‑1.3% after ‑5.0%) and poultry (‑0.8% after ‑1.0%) prices continued to fall, while those for large cattle (+0.3% after ‑1.7%) rebounded slightly.

Year on year, animal prices slowed down, but continued to rise markedly (+7.6% in June 2023 after +9.7% in May) driven by a substantial rise of pig prices (+26.0% after +26.3%) and, to a lesser extent, poultry (+5.7% after +12.4%) and large cattle (+1.9% after +2.7%) prices. In June 2023, animal prices were 32.8% higher than in June 2021.

Producer prices of pigs and large cattle

Producer prices of pigs and large cattle
Large cattle Pigs
2023-06 140.0 163.0
2023-05 139.6 165.2
2023-04 142.0 173.9
2023-03 143.0 178.0
2023-02 142.5 170.6
2023-01 143.7 156.3
2022-12 143.3 148.4
2022-11 143.9 148.0
2022-10 143.2 155.8
2022-09 140.4 149.4
2022-08 138.5 144.9
2022-07 138.0 138.8
2022-06 137.4 129.4
2022-05 135.9 130.8
2022-04 131.7 128.6
2022-03 127.0 114.4
2022-02 120.6 107.5
2022-01 115.0 106.8
2021-12 111.6 103.2
2021-11 110.5 99.4
2021-10 107.7 99.9
2021-09 105.6 102.5
2021-08 103.9 105.9
2021-07 102.2 109.4
2021-06 101.5 118.3
2021-05 100.6 119.4
2021-04 100.2 109.0
2021-03 99.3 105.1
2021-02 98.0 103.8
2021-01 97.6 103.3
2020-12 97.4 102.4
2020-11 97.7 107.1
2020-10 97.8 110.4
2020-09 97.4 106.2
2020-08 97.6 103.8
2020-07 97.8 103.6
2020-06 97.6 103.7
2020-05 95.8 108.8
2020-04 94.3 116.7
2020-03 95.8 123.9
2020-02 96.3 124.6
2020-01 96.5 129.2
2019-12 96.9 136.4
2019-11 96.7 133.2
2019-10 96.4 131.8
2019-09 97.2 125.8
2019-08 97.0 120.2
2019-07 97.2 118.9
2019-06 98.5 117.3
2019-05 98.8 115.4
2019-04 98.9 109.4
2019-03 98.7 101.6
2019-02 99.1 101.0
2019-01 98.5 101.7
2018-12 96.5 100.9
2018-11 96.3 99.3
2018-10 98.5 96.9
2018-09 99.7 95.5
2018-08 99.8 92.9
2018-07 100.1 92.5
2018-06 98.9 93.5
2018-05 98.8 95.3
2018-04 97.8 96.7
2018-03 97.9 100.4
2018-02 96.5 100.0
2018-01 96.8 98.7
2017-12 99.9 103.0
2017-11 100.4 102.3
2017-10 100.7 99.9
2017-09 99.6 99.4
2017-08 97.9 105.1
2017-07 97.6 108.7
2017-06 98.9 111.7
2017-05 98.7 117.5
2017-04 98.5 119.3
2017-03 97.3 116.5
2017-02 97.2 117.2
2017-01 96.7 115.9
2016-12 96.6 113.9
2016-11 94.8 111.1
2016-10 93.0 111.9
2016-09 91.9 110.5
2016-08 92.6 106.3
2016-07 93.3 106.2
2016-06 93.8 102.5
2016-05 94.1 96.6
2016-04 95.3 90.2
2016-03 96.6 92.9
2016-02 96.8 96.1
2016-01 97.6 97.0
2015-12 98.4 94.7
2015-11 100.1 99.2
2015-10 101.7 102.8
2015-09 102.3 101.9
2015-08 102.3 103.2
2015-07 102.1 100.0
2015-06 100.3 99.7
2015-05 99.1 100.4
2015-04 98.6 99.8
2015-03 98.5 101.3
2015-02 98.1 98.3
2015-01 98.3 98.0
2014-12 98.1 98.7
2014-11 96.9 99.8
2014-10 98.4 96.6
2014-09 99.9 97.9
2014-08 100.2 106.0
2014-07 100.5 111.0
2014-06 101.4 113.6
2014-05 103.1 118.8
2014-04 103.8 119.1
2014-03 103.8 107.2
2014-02 104.4 109.2
2014-01 104.6 116.8

Producer prices of pigs and large cattle

  • Source: INSEE

Egg and milk prices went down over one month, but remained up year on year

In June 2023, egg prices fell sharply over one month (‑14.0% after +2.2% in May and +9.2% in April). Year on year, however, egg prices rose markedly (+14.2% after +28.0% in May and +32.0% in April). Egg prices have doubled compared to June 2021 (+100.2%).

The price of cow milk continued to fall over one month (‑1.6% in June, as in May, after ‑2.9% in April) and to slow down year on year (+3.2% after +5.2% and +9.9%). It remained much higher than in June 2021 (+24.8%).

Index of producer prices of agricultural products (IPPAP)

Seasonnaly adjusted - base and reference 100 in 2015
Index of producer prices of agricultural products (IPPAP) (Seasonnaly adjusted - base and reference 100 in 2015)
Variation as % over
Weights (2) June 2023 a month 3 months a year
Agricultural goods output 1000 137.1 /// /// -6.3
excluding fruits and vegetables 906 136.5 -0.1 -4.3 -8.5
Crop output (excluding fruits and vegetables) 489 128.8 1.5 -4.7 -19.3
Cereals 152 135.6 3.4 -13.5 -37.5
of which soft wheat* 90 132.3 2.8 -13.5 -40.8
grain maize* 27 146.4 3.2 -15.4 -29.4
Potatoes* 29 264.1 /// /// 30.4
Wines 200 110.9 0.6 0.0 -5.9
PDO wines* 112 112.7 0.5 -0.6 -10.4
other wines 25 99.5 2.9 3.1 -12.6
Oleaginous* 40 115.7 3.5 -9.4 -41.4
Horticultural products 35 112.5 2.6 -0.4 5.5
Other crop products* 33 108.9 0.4 -3.2 -6.8
Fruit and vegetables* (1) 94 141.5 /// /// 12.5
Fresh vegetables* 45 142.7 /// /// 16.0
Fresh fruit* 32 147.7 /// /// 12.5
Animal output 417 145.6 -1.7 -4.0 6.6
Animals 255 141.7 -0.4 -3.1 7.6
of which large cattle 112 140.0 0.3 -2.1 1.9
calves 20 123.3 -1.6 2.2 5.5
pigs 49 163.0 -1.3 -8.4 26.0
sheep 14 132.1 1.6 1.7 2.6
poultry 57 135.6 -0.8 -2.0 5.7
of which chicken* 39 132.4 -0.9 -2.1 4.3
Milk 146 141.7 -1.5 -5.7 3.5
of which cow milk 135 143.5 -1.6 -6.0 3.2
Eggs 16 241.1 -14.0 -4.0 14.2
  • /// Not relevant due to the seasonal nature of the products
  • (1) Including vegetables for industry.
  • (2) Average weight year on year.
  • *: Not seasonnaly adjusted data (all series where seasonality has been detected are seasonally adjusted)
  • Sources : INSEE, SSP (ministry in charge of agriculture)

Input purchase prices fell over one month and year on year

In June 2023, the purchase prices of intermediate consumption continued to go down over one month (‑1.3% after ‑1.9% in both May and April 2023). Prices of fertilizers and soil improvers (‑6.4% after ‑3.6% in May and ‑6.7% in April), animal food (‑1.4% after ‑1.7% and ‑1.3%) and seeds (‑0.6% after ‑0.1% and +0.4%) fell. Those of other goods and services remained stable (as in May, after +1.0% in April), while those of maintenance of materials (+0.2%, as in May, after +0.6% in April), plant protection products (+0.3% after 0.0% and +0.8%) and energy (+0.9% after ‑5.4% and ‑4.1%) rose slightly. Year on year, the purchase prices of intermediate consumption continued to fall in June 2023 (‑7.2% after ‑3.9% in May and ‑0.7% in April). They were nevertheless 22.4% higher than in June 2021.

In June 2023, the prices of goods and services contributing to investment fell by 0.4% over one month (as in May, after +0.4% in April), while they rose by 3.8% year on year (after +4.9% and +6.0%) and by 14.7% over two years.

Indices of purchase prices of inputs of agricultural production (IPPIAP)

Raw data - base and reference 100 in 2015
Indices of purchase prices of inputs of agricultural production (IPPIAP) (Raw data - base and reference 100 in 2015)
Variation as % over
Weights June 2023 a month 3 months a year
Total input 1000 132.1 -1.0 -3.9 -4.7
Intermediate consumptions 760 132.2 -1.3 -5.0 -7.2
Energy (1) 93 149.4 0.9 -8.4 -21.6
Seeds 56 109.2 -0.6 -0.4 8.5
Fertilisers and soil improvers 107 145.9 -6.4 -15.9 -28.6
Plant protection products 84 105.1 0.3 1.1 9.9
Animal feed 214 142.2 -1.4 -4.4 -1.4
Veterinary expenses 37 125.2 0.1 0.6 5.4
Small equipment and tools 11 135.4 0.1 0.3 4.2
Maintenance of materials 88 130.6 0.2 1.1 8.0
Maintenance of buildings 9 123.2 0.0 0.2 3.5
Other goods and services 61 112.2 0.0 1.0 4.3
Goods and services contributing to investment 240 131.7 -0.4 -0.4 3.8
Material 168 129.9 -0.5 0.2 8.6
Tractors 71 131.3 -0.8 -0.1 7.5
Machinery and equipment for cultivation 33 127.0 -0.6 0.7 6.3
Machinery and equipment for harvesting 38 131.7 0.2 0.8 13.2
Utility vehicles 16 123.7 0.7 0.7 10.5
Buildings 72 136.1 0.0 -1.5 -5.4
  • (1) The repayment of the domestic tax on energy product (TICPE) benefiting farmers has been applied in advance for the year 2023.
  • Sources : INSEE, SSP (ministry in charge of agriculture)

Revisions

The year-on-year percentage change of the index of producer prices for agricultural products in May 2023 is left unchanged (after rounding) –compared to the previous release– at ‑9.4%. The year-on-year percentage change of the index of the purchase prices of inputs for agricultural production in May 2023 has been revised downwards by 0.1 percentage points at ‑1.9%.

For further information

The index of producer prices for agricultural products (IPPAP) measures the change in product prices when the products are put on the market for the first time. It is published in base and reference 100 in 2015. The weight-coefficients of fresh fruit and vegetables change every month so that they reflect their seasonal pattern. Their variations should therefore be interpreted only year on year. If needed, indices are seasonally adjusted.

The index of the purchase prices of inputs for agricultural production (IPPIAP) reflects the price evolution of goods and services used in the agricultural process. It is not seasonally adjusted.

Further informations (including IPPAP and IPPIAP methodologies) are available through the “Documentation” tab on the web page of this publication.

Next issue: 31 August 2023 at 12:00 p.m.

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