Informations Rapides ·
31 October 2024 · n° 276
In September 2024, cereal and oilseed producer prices bounced back year on year Indices of agricultural prices - September 2024
In September 2024, agricultural producer prices sped up year on year (+0.8% after +0.3% in August). Over one month, agricultural producer prices without seasonality – excluding fruits and vegetables (including potatoes), cut flowers and potted plants – bounced back (+1.4% after ‑0.7% in August).
Agricultural input purchase prices fell year on year for the seventeenth consecutive month (‑4.6% in September, after ‑4.0% in August). Over one month, they dropped by 0.3% (after ‑0.8% in August).
Erratum
The additional data were updated on 25/11/2024 to comply with the change in methodology affecting the IPPAP. The previous version still corresponded to the old methodology.
Warning
Since 31/10/2024, the methodology of IPPAP indices has evolved to improve the handling of missing/unreported prices. Items affected are hops, cereal and protein crop seeds, potato plants, wines and sheep milk. This leads to a revision of previously published indices in reference year 2020 related to these items, yet the impact on indices trend is minimal at aggregated levels.
- Cereal prices bounced back over a month and fell year on year; oilseed prices bounced back slightly over one month as year on year
- Year on year, fresh vegetable and fresh fruit prices continued to rise
- Animal prices fell back over one month, and continued to go down year on year
- Egg prices bounced back over one month and continued to rise year on year; those of milk went up over one month and year on year
- Input purchase prices went down over one month and year on year
- Revisions
- For further information
In September 2024, agricultural producer prices sped up year on year (+0.8% after +0.3% in August). Over one month, agricultural producer prices without seasonality – excluding fruits and vegetables (including potatoes), cut flowers and potted plants – bounced back (+1.4% after ‑0.7% in August).
Agricultural input purchase prices fell year on year for the seventeenth consecutive month (‑4.6% in September, after ‑4.0% in August). Over one month, they dropped by 0.3% (after ‑0.8% in August).
tableauProducer prices of agricultural products (IPPAP) and purchase prices of inputs for agricultural production (IPPIAP)
| IPPIAP | IPPAP | |
|---|---|---|
| 2024-09 | 123.9 | 127.3 |
| 2024-08 | 124.3 | 124.8 |
| 2024-07 | 125.3 | 123.2 |
| 2024-06 | 125.4 | 130.6 |
| 2024-05 | 125.7 | 131.3 |
| 2024-04 | 126.8 | 128.2 |
| 2024-03 | 127.0 | 128.5 |
| 2024-02 | 127.1 | 127.4 |
| 2024-01 | 126.5 | 129.4 |
| 2023-12 | 127.1 | 128.5 |
| 2023-11 | 128.4 | 127.5 |
| 2023-10 | 129.4 | 126.9 |
| 2023-09 | 129.9 | 126.3 |
| 2023-08 | 129.5 | 124.4 |
| 2023-07 | 128.2 | 126.7 |
| 2023-06 | 129.4 | 133.0 |
| 2023-05 | 130.9 | 131.1 |
| 2023-04 | 132.9 | 135.8 |
| 2023-03 | 135.0 | 139.5 |
| 2023-02 | 136.1 | 141.0 |
| 2023-01 | 137.7 | 139.3 |
| 2022-12 | 137.2 | 138.6 |
| 2022-11 | 139.0 | 139.6 |
| 2022-10 | 139.9 | 140.4 |
| 2022-09 | 137.2 | 141.1 |
| 2022-08 | 136.7 | 139.4 |
| 2022-07 | 136.0 | 134.8 |
| 2022-06 | 136.6 | 137.5 |
| 2022-05 | 134.0 | 140.0 |
| 2022-04 | 132.5 | 139.2 |
| 2022-03 | 131.3 | 135.8 |
| 2022-02 | 122.8 | 123.0 |
| 2022-01 | 120.9 | 120.8 |
| 2021-12 | 118.3 | 120.2 |
| 2021-11 | 117.3 | 119.5 |
| 2021-10 | 115.3 | 116.8 |
| 2021-09 | 111.0 | 116.7 |
| 2021-08 | 109.4 | 114.7 |
| 2021-07 | 108.7 | 110.1 |
| 2021-06 | 107.4 | 110.9 |
| 2021-05 | 106.3 | 109.7 |
| 2021-04 | 105.6 | 106.0 |
| 2021-03 | 105.3 | 105.5 |
| 2021-02 | 104.1 | 104.2 |
| 2021-01 | 102.3 | 102.8 |
| 2020-12 | 100.8 | 100.8 |
| 2020-11 | 100.3 | 101.2 |
| 2020-10 | 99.8 | 100.5 |
| 2020-09 | 99.2 | 99.3 |
| 2020-08 | 99.5 | 99.3 |
| 2020-07 | 99.5 | 98.3 |
| 2020-06 | 99.5 | 98.9 |
| 2020-05 | 99.3 | 99.0 |
| 2020-04 | 99.4 | 99.4 |
| 2020-03 | 100.1 | 101.0 |
| 2020-02 | 101.2 | 100.6 |
| 2020-01 | 101.4 | 102.0 |
graphiqueProducer prices of agricultural products (IPPAP) and purchase prices of inputs for agricultural production (IPPIAP)
- Sources: INSEE, SSP (ministry in charge of agriculture)
Cereal prices bounced back over a month and fell year on year; oilseed prices bounced back slightly over one month as year on year
In September 2024, cereal prices bounced back over one month (+1.6% after ‑7.3% in August), following renewed tension in the Black Sea. Maize prices rose by 2.8% (after ‑6.9% in August), due to lower US inventories and a weaker European production outlook. Prices rose by 1.6% for soft wheat (after ‑7.8%), for which European wheat stocks had been furthermore particularly low, and by 1.8% for barley (after ‑5.4%). Year on year, cereal prices fell for the fourth consecutive month (‑7.9% in September, after ‑12.4% in August).
Oilseed prices bounced back a bit over one month in September 2024 (+0.3% after ‑2.3% in August). The fall of rapeseed prices softened (‑0.2% after ‑4.5%). Prices of sunflower slowed down (+0.9% after +3.0%). Year on year, oilseed prices bounced back slightly (+0.4% in September, after ‑0.8% in August).
tableauProducer prices of cereals and oil seed
| Oil seed (raw data) | Cereals | |
|---|---|---|
| 2024-09 | 120.7 | 116.7 |
| 2024-08 | 120.3 | 114.9 |
| 2024-07 | 123.1 | 124.0 |
| 2024-06 | 120.4 | 130.5 |
| 2024-05 | 121.6 | 129.7 |
| 2024-04 | 115.7 | 111.3 |
| 2024-03 | 113.4 | 104.0 |
| 2024-02 | 108.9 | 102.9 |
| 2024-01 | 112.9 | 112.0 |
| 2023-12 | 115.0 | 117.3 |
| 2023-11 | 117.6 | 117.4 |
| 2023-10 | 115.9 | 120.1 |
| 2023-09 | 120.2 | 126.7 |
| 2023-08 | 121.3 | 131.2 |
| 2023-07 | 125.6 | 138.0 |
| 2023-06 | 118.3 | 132.3 |
| 2023-05 | 111.8 | 122.8 |
| 2023-04 | 118.1 | 137.1 |
| 2023-03 | 127.2 | 146.1 |
| 2023-02 | 146.1 | 152.2 |
| 2023-01 | 147.4 | 153.9 |
| 2022-12 | 151.9 | 163.3 |
| 2022-11 | 164.2 | 170.8 |
| 2022-10 | 167.7 | 180.4 |
| 2022-09 | 158.5 | 186.5 |
| 2022-08 | 168.0 | 184.9 |
| 2022-07 | 172.0 | 191.3 |
| 2022-06 | 191.7 | 210.6 |
| 2022-05 | 217.3 | 215.1 |
| 2022-04 | 246.8 | 208.3 |
| 2022-03 | 232.3 | 201.9 |
| 2022-02 | 179.4 | 142.6 |
| 2022-01 | 176.8 | 145.2 |
| 2021-12 | 172.5 | 149.7 |
| 2021-11 | 172.3 | 151.2 |
| 2021-10 | 167.9 | 142.5 |
| 2021-09 | 152.1 | 135.6 |
| 2021-08 | 143.8 | 131.5 |
| 2021-07 | 137.0 | 120.1 |
| 2021-06 | 134.9 | 123.1 |
| 2021-05 | 138.1 | 124.1 |
| 2021-04 | 128.6 | 119.1 |
| 2021-03 | 140.1 | 119.9 |
| 2021-02 | 129.9 | 117.6 |
| 2021-01 | 124.3 | 115.4 |
| 2020-12 | 116.9 | 108.5 |
| 2020-11 | 114.7 | 107.5 |
| 2020-10 | 105.2 | 102.5 |
| 2020-09 | 101.0 | 99.8 |
| 2020-08 | 95.8 | 98.4 |
| 2020-07 | 94.2 | 102.1 |
| 2020-06 | 92.5 | 99.7 |
| 2020-05 | 93.6 | 97.8 |
| 2020-04 | 93.2 | 98.8 |
| 2020-03 | 92.6 | 95.8 |
| 2020-02 | 97.8 | 94.3 |
| 2020-01 | 102.5 | 94.8 |
graphiqueProducer prices of cereals and oil seed
- Source: INSEE
Year on year, fresh vegetable and fresh fruit prices continued to rise
In September 2024, fresh vegetable prices continued to go up year on year (+6.6% after +10.3% in August). Prices bounced back firmly for cabbages (+49.6% after ‑13.0% in August), zucchinis (+33.5% after ‑41.5%), fresh beans (+13.9% after ‑12.4%) and artichokes (+16.2% after ‑16.0%), and sped up for leeks (+24.0% after +8.8%). Prices slowed down firmly for tomatoes (+3.8% after +22.5%), cucumbers (+21.8% after +46.5%), and red beetroots (+14.8% after +24.0%), and slightly for mushrooms (+6.8% after +8.2%). Carrots prices were almost stable after a five-month decline (+0.1% in September after ‑1.7% in August). Prices for melons fell back (‑30.1% after +32.4%), and those for parsley fell down for the first time in twenty-two months (‑1.8% after +4.2%). They continued to go down for eggplants (‑8.0% after ‑11.7%), sweet peppers (‑15.5% after ‑3.7%), and salads (‑7.2% after ‑3.4%).
In September 2024, fresh fruit prices continued to rise year on year (+4.0% after +9.7% in August). Prices sped up firmly for plums (+41.4% after +27.7%), and more moderately for peaches and nectarines (+18.9% after +15.1%). They slowed down for grapes (+5.5% after +10.7%), while those for pears continued to go down (‑11.7% after ‑16.2%).
tableauProducer prices of fresh fruit and vegetables
| Fresh fruit | Fresh vegetables | |
|---|---|---|
| 2024-09 | 4.0 | 6.6 |
| 2024-08 | 9.7 | 10.3 |
| 2024-07 | -1.8 | 6.9 |
| 2024-06 | -4.3 | -0.9 |
| 2024-05 | 11.3 | 7.6 |
| 2024-04 | 4.4 | -12.5 |
| 2024-03 | 4.7 | -12.5 |
| 2024-02 | 5.9 | -9.9 |
| 2024-01 | 7.8 | 16.1 |
| 2023-12 | 7.6 | 17.0 |
| 2023-11 | 9.3 | 24.8 |
| 2023-10 | 16.4 | -0.3 |
| 2023-09 | 8.5 | -9.2 |
| 2023-08 | -12.6 | -5.5 |
| 2023-07 | -5.8 | -1.2 |
| 2023-06 | 11.4 | 11.2 |
| 2023-05 | 18.5 | 9.6 |
| 2023-04 | 9.0 | 27.1 |
| 2023-03 | 5.4 | 41.8 |
| 2023-02 | 4.9 | 46.7 |
| 2023-01 | 2.2 | 37.5 |
| 2022-12 | 0.1 | 24.8 |
| 2022-11 | -3.0 | 18.0 |
| 2022-10 | -9.9 | 34.0 |
| 2022-09 | -16.0 | 38.1 |
| 2022-08 | -5.5 | 3.6 |
| 2022-07 | -4.3 | -0.3 |
| 2022-06 | -8.1 | 1.1 |
| 2022-05 | -21.1 | 5.1 |
| 2022-04 | -8.6 | -1.8 |
| 2022-03 | -2.7 | -8.6 |
| 2022-02 | -1.4 | -6.9 |
| 2022-01 | 1.2 | -8.6 |
| 2021-12 | 3.7 | 5.2 |
| 2021-11 | 4.9 | -8.0 |
| 2021-10 | 12.5 | -7.1 |
| 2021-09 | 29.6 | -5.5 |
| 2021-08 | 29.5 | 4.6 |
| 2021-07 | 22.8 | 15.4 |
| 2021-06 | 12.4 | 4.2 |
| 2021-05 | 10.0 | -2.2 |
| 2021-04 | 11.5 | -9.1 |
| 2021-03 | 15.8 | 9.5 |
| 2021-02 | 8.4 | 18.6 |
| 2021-01 | 8.0 | 2.6 |
| 2020-12 | 6.8 | -9.8 |
| 2020-11 | 8.4 | 1.4 |
| 2020-10 | 10.6 | 22.2 |
| 2020-09 | 11.2 | 8.0 |
| 2020-08 | 15.1 | 6.6 |
| 2020-07 | 10.1 | -12.8 |
| 2020-06 | 17.6 | -6.8 |
| 2020-05 | 21.4 | 12.3 |
| 2020-04 | 12.4 | 23.5 |
| 2020-03 | -0.9 | 10.3 |
| 2020-02 | 2.4 | -13.4 |
| 2020-01 | 1.4 | -9.0 |
graphiqueProducer prices of fresh fruit and vegetables
- Source: SSP (ministry in charge of agriculture)
Animal prices fell back over one month, and continued to go down year on year
In September 2024, animal prices fell back over one month, after a four-month rise (‑0.6% after +0.2% in August). They continued to go down for pigs (‑3.9% after ‑3.7% in August), and were nearly stable for large cattle (‑0.1% after +1.7%). Prices continued to rise for poultry (+1.3% after +1.1% in August), and calves (+0.2% after +0.4%), and sped up for sheep (+2.9% after +0.1%).
Year on year, animal prices went down for the thirteenth consecutive month (‑1.2%, as in August). The fall of prices continued to soften for poultry (‑6.7% after ‑9.2% in August, and ‑11.5% in July), and pigs (‑6.9% after ‑7.6% and ‑8.6%). Prices slowed down for large cattle (+0.5% after +2.4%), but sped up for calves (+7.5% after +5.4%) and sheep (+16.6% after +13.4%).
tableauProducer prices of pigs, large cattle and poultry
| Large cattle | Pigs | poultry | |
|---|---|---|---|
| 2024-09 | 145.4 | 126.8 | 120.4 |
| 2024-08 | 145.6 | 132.0 | 118.9 |
| 2024-07 | 143.1 | 137.1 | 117.6 |
| 2024-06 | 141.6 | 137.1 | 117.9 |
| 2024-05 | 141.3 | 133.0 | 119.7 |
| 2024-04 | 140.1 | 131.3 | 123.8 |
| 2024-03 | 140.7 | 136.7 | 125.2 |
| 2024-02 | 142.7 | 137.9 | 125.9 |
| 2024-01 | 141.7 | 136.2 | 131.9 |
| 2023-12 | 140.1 | 135.8 | 128.0 |
| 2023-11 | 140.9 | 134.2 | 128.7 |
| 2023-10 | 143.3 | 134.4 | 128.6 |
| 2023-09 | 144.7 | 136.2 | 129.1 |
| 2023-08 | 142.2 | 142.8 | 130.9 |
| 2023-07 | 141.5 | 150.0 | 132.9 |
| 2023-06 | 142.6 | 145.8 | 135.1 |
| 2023-05 | 142.7 | 141.8 | 137.8 |
| 2023-04 | 144.4 | 147.3 | 140.9 |
| 2023-03 | 145.6 | 154.4 | 142.1 |
| 2023-02 | 145.8 | 155.4 | 142.5 |
| 2023-01 | 146.8 | 143.7 | 142.6 |
| 2022-12 | 147.0 | 138.5 | 137.6 |
| 2022-11 | 146.5 | 137.2 | 141.1 |
| 2022-10 | 145.3 | 139.9 | 138.9 |
| 2022-09 | 143.3 | 136.1 | 138.5 |
| 2022-08 | 141.9 | 130.5 | 136.7 |
| 2022-07 | 141.3 | 121.9 | 133.3 |
| 2022-06 | 139.8 | 115.5 | 127.8 |
| 2022-05 | 138.8 | 113.2 | 122.7 |
| 2022-04 | 134.1 | 109.4 | 118.3 |
| 2022-03 | 130.1 | 100.9 | 115.9 |
| 2022-02 | 126.2 | 96.9 | 114.7 |
| 2022-01 | 119.4 | 97.2 | 109.5 |
| 2021-12 | 117.2 | 97.9 | 112.2 |
| 2021-11 | 115.1 | 94.7 | 111.2 |
| 2021-10 | 111.1 | 90.1 | 109.9 |
| 2021-09 | 109.4 | 92.4 | 108.6 |
| 2021-08 | 107.7 | 93.2 | 107.3 |
| 2021-07 | 105.5 | 95.5 | 106.4 |
| 2021-06 | 103.8 | 104.8 | 105.5 |
| 2021-05 | 103.0 | 102.7 | 105.5 |
| 2021-04 | 102.6 | 93.7 | 105.6 |
| 2021-03 | 102.1 | 92.4 | 104.3 |
| 2021-02 | 101.8 | 94.1 | 103.4 |
| 2021-01 | 102.2 | 95.0 | 102.8 |
| 2020-12 | 102.4 | 96.5 | 102.1 |
| 2020-11 | 101.4 | 100.6 | 101.0 |
| 2020-10 | 100.8 | 99.3 | 100.5 |
| 2020-09 | 100.8 | 95.9 | 99.9 |
| 2020-08 | 100.8 | 91.3 | 99.0 |
| 2020-07 | 100.9 | 91.1 | 98.6 |
| 2020-06 | 99.6 | 93.1 | 98.7 |
| 2020-05 | 98.1 | 94.0 | 99.2 |
| 2020-04 | 96.7 | 99.4 | 99.7 |
| 2020-03 | 98.1 | 107.3 | 100.1 |
| 2020-02 | 99.7 | 112.2 | 100.4 |
| 2020-01 | 100.7 | 119.2 | 100.7 |
graphiqueProducer prices of pigs, large cattle and poultry
- Source: INSEE
Egg prices bounced back over one month and continued to rise year on year; those of milk went up over one month and year on year
In September 2024, egg prices bounced back over one month (+4.9% after ‑4.4% in August), due to dynamic demand and limited supply. Year on year, they rose again (+2.6% after +2.4% in August).
Milk prices went up over a month (+0.8% in September, after +0.6% in August). Prices continued to rise for cow milk (+0.7% after +0.5%), and more slightly for goat milk (+0.2% after +0.1% in August). Year on year, milk prices continued to go up (+1.6% after +1.5% in August).
tableauIndex of producer prices of agricultural products (IPPAP)
| Variation as % over | |||||
|---|---|---|---|---|---|
| Weights (2) | September 2024 | a month | 3 months | a year | |
| Agricultural goods output | 1,000 | 127.3 | /// | /// | 0.8 |
| excluding fruits and vegetables, potatoes, cut flowers and potted plants | 871 | 127.1 | 1.4 | -4.9 | -1.5 |
| Crop output (excluding fruits and vegetables, potatoes, cut flowers and potted plants) | 442 | 118.6 | 3.0 | -10.9 | -3.2 |
| Cereals | 143 | 116.7 | 1.6 | -10.6 | -7.9 |
| soft wheat | 82 | 113.9 | 1.6 | -11.6 | -5.9 |
| grain maize | 30 | 122.5 | 2.8 | -5.7 | -4.1 |
| Oleaginous* | 34 | 120.7 | 0.3 | 0.2 | 0.4 |
| Potatoes | 21 | 157.9 | /// | /// | 2.5 |
| Wines | 195 | 101.5 | -0.1 | 0.7 | -4.3 |
| PDO wines | 110 | 98.8 | 2.1 | 5.1 | -4.9 |
| other wines | 28 | 88.3 | -9.3 | -13.5 | -14.5 |
| Horticultural products * | 15 | 122.6 | /// | /// | -0.6 |
| Other crop products | 34 | 193.4 | 0.4 | 0.5 | 8.9 |
| Fruit and vegetables (1) ** | 129 | 127.8 | /// | /// | 11.9 |
| Fresh vegetables** | 62 | 125.2 | /// | /// | 6.6 |
| Fresh fruit** | 46 | 120.9 | /// | /// | 4.0 |
| Animal output | 428 | 135.8 | 0.3 | 1.0 | 0.1 |
| Animals | 231 | 135.5 | -0.6 | 0.0 | -1.2 |
| large cattle | 103 | 145.4 | -0.1 | 2.7 | 0.5 |
| calves | 17 | 137.7 | 0.2 | 1.3 | 7.5 |
| pigs | 52 | 126.8 | -3.9 | -7.5 | -6.9 |
| sheep | 14 | 142.3 | 2.9 | 0.5 | 16.6 |
| poultry | 44 | 120.4 | 1.3 | 2.1 | -6.7 |
| chicken | 29 | 117.2 | 0.9 | 1.8 | -7.9 |
| Milk | 175 | 132.2 | 0.8 | 1.6 | 1.6 |
| cow milk | 159 | 132.9 | 0.7 | 1.3 | 1.7 |
| Eggs | 22 | 167.2 | 4.9 | 7.2 | 2.6 |
- /// Not relevant due to the seasonal nature of the products
- (1) Including vegetables for industry.
- (2) Average weight year on year.
- * No seasonality detected
- ** Raw data
- Source: INSEE, SSP (ministry in charge of agriculture)
Input purchase prices went down over one month and year on year
In September 2024, purchase prices of intermediate consumption continued to fall over one month (‑0.6% after ‑0.9% in August). The fall of prices softened for energy (‑1.9% after ‑5.2%), it maintained at a similar pace for fertilizers and soil improvers (‑0.8% after ‑0.7%). Prices of small equipment and tools fell back (‑0.6% after +0.1%), those of animal feed fell again (‑0.4% after ‑0.2%). Prices went slightly down for the “other goods and services” (‑0.3% after a stability), and slightly up for plant protection products (+0.2% after a stability in August). Prices were nearly stable for seeds (‑0.1% after +0.2%), veterinary expenses (+0.1% after a stability), the maintenance of materials (+0.1% after +0.3%), and stable for the maintenance of buildings (after +0.3%). Year on year, purchase prices of intermediate consumption dropped for the eighteenth consecutive month (‑5.9% in September, after ‑5.0% in August).
In September 2024, the prices of investment goods bounced back over one month (+0.3% after ‑0.7% in August) and continued to go down year on year (‑0.8% after ‑1.0%).
tableauIndices of purchase prices of inputs of agricultural production (IPPIAP)
| Variation as % over | |||||
|---|---|---|---|---|---|
| Weights | September 2024 | a month | 3 months | a year | |
| Total input | 1,000 | 123.9 | -0.3 | -1.2 | -4.6 |
| Intermediate consumptions | 743 | 125.5 | -0.6 | -1.6 | -5.9 |
| Energy (1) | 91 | 147.9 | -1.9 | -8.1 | -18.9 |
| Seeds | 54 | 112.7 | -0.1 | 0.0 | 0.6 |
| Fertilisers and soil improvers | 92 | 141.3 | -0.8 | -2.1 | -8.5 |
| Plant protection products | 76 | 110.8 | 0.2 | -0.1 | -2.6 |
| Animal feed | 212 | 124.9 | -0.4 | -0.3 | -7.3 |
| Veterinary expenses | 41 | 116.5 | 0.1 | 0.3 | 3.6 |
| Small equipment and tools | 10 | 126.1 | -0.6 | 0.2 | -5.3 |
| Maintenance of materials | 95 | 124.8 | 0.1 | 0.8 | 5.2 |
| Maintenance of buildings | 10 | 115.5 | 0.0 | 0.5 | 1.2 |
| Other goods and services | 62 | 109.3 | -0.3 | -0.2 | 2.0 |
| Goods and services contributing to investment | 257 | 119.2 | 0.3 | -0.3 | -0.8 |
| Material | 180 | 118.2 | 0.5 | -0.2 | -0.2 |
| Tractors | 76 | 113.0 | 1.2 | -0.9 | -1.9 |
| Machinery and equipment for cultivation | 35 | 119.0 | -0.4 | 0.7 | 1.1 |
| Machinery and equipment for harvesting | 40 | 122.6 | 0.3 | 0.1 | 0.2 |
| Utility vehicles | 18 | 121.8 | -0.5 | -0.3 | 0.7 |
| Buildings | 77 | 121.6 | 0.0 | -0.7 | -2.2 |
- (1) The repayment of the domestic tax on energy product (TICPE) benefiting farmers has been applied in advance for the year 2024.
- Source: INSEE, SSP (ministry in charge of agriculture)
Revisions
The year-on-year percentage change of the global index of producer prices for agricultural products in August 2024 has been revised upwards by 0.1 percentage points to +0.3%, on a constant methodology basis. The year-on-year percentage change of the global index of the purchase prices of inputs for agricultural production in August 2024 has been revised downwards by 0.1 percentage points to ‑4.0%.
The change in methodology for the IPPAP generates a change in level for September 2024 from 125.1 to 127.3 (base 100 in 2020). Under the previous methodology, the year-on-year change in the general IPPAP index in August 2024 would be unchanged (at -0.2%).
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 2020. The weight-coefficients of fruit and vegetables (fresh or for processing), potatoes, plants and flowers 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: 29 November 2024 at 12:00 pm.
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