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Informations Rapides · 31 October 2024 · n° 271
Informations rapidesIn September 2024, the industrial producer prices fell by 0.2% over a month and by 5.8% over a year Industrial Producer and Import Price Indices - September 2024

In September 2024, the overall producer prices in the French industry declined slightly over a month (-0.2% after +0.1% in August and +0.2% in July). Producer prices were almost stable for products sold on the French market (-0.1% after +0.3%) and continued to decrease for those intended for the foreign markets (-0.4% after -0.3% in August). Over a year, the French industrial producer prices were down for the fifteenth consecutive month (-5.8% after -5.1% in August and -4.3% in July). They were 18% above their 2021 average level.

Excluding energy, the producer prices in the French industry were nearly stable over a month (-0.1% after stability in August) and were also nearly stable over a year (-0.1% in September after +0.2% in August).

Informations rapides
No 271
Paru le :Paru le31/10/2024
Prochaine parution le : 31/07/2025 at 08:45 - June 2025

Total Industry price indices

Total Industry price indices
PPI for all markets PPI for home market PPI for foreign markets Import prices
2024-09 117.8 120.1 112.7 111.3
2024-08 118.0 120.2 113.2 112.0
2024-07 117.9 119.9 113.5 112.5
2024-06 117.7 119.7 113.5 112.1
2024-05 117.9 120.1 112.9 111.3
2024-04 119.5 122.2 113.3 112.3
2024-03 122.9 126.7 113.7 112.1
2024-02 124.1 128.3 113.9 112.5
2024-01 125.6 130.3 113.9 112.5
2023-12 126.4 131.6 113.4 112.6
2023-11 126.7 131.7 114.3 113.7
2023-10 124.8 128.7 115.2 114.9
2023-09 125.1 129.1 115.1 114.7
2023-08 124.3 128.3 114.4 113.2
2023-07 123.2 127.2 113.1 111.8
2023-06 123.6 127.5 113.8 111.9
2023-05 124.5 129.0 113.2 112.8
2023-04 126.3 130.9 114.6 115.6
2023-03 131.6 138.0 115.6 116.7
2023-02 130.1 135.5 116.5 118.6
2023-01 131.1 136.9 116.4 118.5
2022-12 128.9 133.3 118.1 121.3
2022-11 127.6 131.6 117.6 122.5
2022-10 127.0 130.7 117.7 123.2
2022-09 128.5 131.0 122.1 124.9
2022-08 128.2 129.7 124.3 128.8
2022-07 125.0 126.1 122.3 127.1
2022-06 122.3 123.7 118.9 126.3
2022-05 120.4 122.1 116.3 125.8
2022-04 120.3 122.4 114.9 125.3
2022-03 120.3 122.4 115.1 127.0
2022-02 114.7 117.0 109.0 117.4
2022-01 114.0 116.0 108.9 116.4
2021-12 109.7 110.6 107.6 111.7
2021-11 108.1 108.9 106.1 109.7
2021-10 104.6 104.8 104.2 107.3
2021-09 101.8 101.7 102.2 103.9
2021-08 100.1 100.0 100.5 100.9
2021-07 99.0 98.8 99.5 99.8
2021-06 97.6 97.3 98.6 97.7
2021-05 96.4 96.0 97.4 96.2
2021-04 96.1 95.6 97.2 94.6
2021-03 96.4 96.3 96.4 93.7
2021-02 95.4 95.4 95.5 93.0
2021-01 94.6 94.5 94.8 91.5

Total Industry price indices

  • Source: INSEE

Producer prices in the French industry: -0.2%

In September 2024, the overall producer prices in the French industry declined slightly over a month (-0.2% after +0.1% in August and +0.2% in July). Producer prices were almost stable for products sold on the French market (-0.1% after +0.3%) and continued to decrease for those intended for the foreign markets (-0.4% after -0.3% in August). Over a year, the French industrial producer prices were down for the fifteenth consecutive month (-5.8% after -5.1% in August and -4.3% in July). They were 18% above their 2021 average level.

Excluding energy, the producer prices in the French industry were nearly stable over a month (-0.1% after stability in August) and were also nearly stable over a year (-0.1% in September after +0.2% in August).

HOME MARKET: -0.1%

In September 2024, the producer prices in the French industry for the home market were almost stable over a month (-0.1% after +0.3% in August). Prices of mining and quarrying products, energy and water products slowed down (+1.2% after +2.0%), while those of manufactured products continued to fall (-0.5% after -0.4%). Over a year, the producer prices in the French industry for the home market fell for the tenth consecutive month (-7.0% after -6.3% in August and -5.7% in July). They were about 20% above their 2021 average level.

New sharp decline of prices of refined petroleum products and a slight decrease of those of “other industrial products”

In September 2024, prices of refined petroleum products dropped sharply again (-9.1% after -8.8% in August) due to falling oil prices, reaching levels not seen since late 2021. Over a year, they dropped by 31.7% (after -18.8% in August) but were still approximately 19% above their 2021 average level.

Prices of “other industrial products” decreased slightly over a month (-0.2% after +0.1% in August), driven by the decline in those for tubes, pipes, hollow profiles and related fittings, of steel (-2.0% after +0.6%). Prices of “other industrial products” remained about 15% above their 2021 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
2024-09 119.1
2024-08 131.0
2024-07 143.6
2024-06 140.6
2024-05 141.0
2024-04 153.1
2024-03 148.2
2024-02 152.3
2024-01 142.0
2023-12 139.2
2023-11 150.1
2023-10 159.7
2023-09 174.5
2023-08 161.4
2023-07 142.4
2023-06 133.6
2023-05 130.7
2023-04 140.6
2023-03 147.6
2023-02 150.0
2023-01 161.8
2022-12 156.8
2022-11 179.1
2022-10 205.2
2022-09 184.0
2022-08 187.4
2022-07 204.5
2022-06 230.5
2022-05 204.7
2022-04 187.3
2022-03 188.8
2022-02 145.6
2022-01 131.4
2021-12 114.0
2021-11 120.6
2021-10 122.8
2021-09 107.6
2021-08 103.8
2021-07 103.0
2021-06 98.7
2021-05 91.7
2021-04 88.7
2021-03 89.5
2021-02 84.2
2021-01 75.5

French Producer Price Indices of coke and refined petroleum products sold on the home market

  • Source: INSEE

Slowdown of prices of mining and quarrying products, energy and water, and a rise of prices of electronic equipment and machinery

In September 2024, prices for mining and quarrying products, energy and water continued to rise but at a slower pace (+1.2% after +2.0% in August): they followed those of electricity and gas. Over a year, prices of mining and quarrying products, energy and water declined for the tenth consecutive month (-17.6% as in August) but were around 26% above their 2021 average level.

Prices of electrical, computer and electronic equipment and machinery rose over a month in September 2024 (+0.5% after +0.1%), in line with those of electrical equipment (+1.4% after a stability in August). Prices of electrical, computer and electronic equipment and machinery were around 15% above their 2021 average level.

Virtual stability for prices of food and beverages and stability for those of transport equipment

Prices for food and beverage were almost stable over a month (-0.1% after +0.2% in August): prices of meat and slaughter products decreased again (-1.2% after -1.1%), in a context of falling consumer demand, while prices of oils and fats rebounded (+2.1% after -0.7%), because of heavy rains in Western Europe affecting notably sunflower seed harvests. Prices of food and beverages were around 26% above their 2021 average level.

In September 2024, transport equipment prices were stable (after -0.2% in August): prices for bicycles and invalid carriages decreased (-1.5% after +0.8%) while prices of bodies (coachwork) for motor vehicles, trailers and semi-trailers continued to rise slightly (+0.3% after +0.8% in August and +0.2% in July). Prices for transport equipment were about 14% above their 2021 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
2024-09 125.8 114.8 114.1 115.1
2024-08 125.9 114.2 114.1 115.3
2024-07 125.7 114.1 114.3 115.2
2024-06 125.4 113.9 114.2 115.2
2024-05 125.5 113.9 114.4 115.2
2024-04 125.1 113.6 114.4 115.0
2024-03 125.3 113.7 114.4 114.8
2024-02 125.1 113.8 114.3 114.6
2024-01 125.2 113.9 114.0 114.5
2023-12 125.7 113.2 113.8 114.3
2023-11 125.5 113.2 114.2 114.7
2023-10 126.1 113.3 114.5 115.0
2023-09 126.7 113.1 115.1 115.0
2023-08 127.4 112.9 115.2 115.3
2023-07 128.5 113.3 115.1 115.0
2023-06 128.9 113.3 114.8 115.6
2023-05 129.7 113.1 114.5 115.8
2023-04 130.1 112.7 114.9 116.8
2023-03 129.2 112.6 114.7 117.7
2023-02 126.5 112.3 114.5 117.8
2023-01 125.1 111.3 114.5 118.1
2022-12 122.7 109.3 114.0 116.9
2022-11 122.6 109.3 112.0 117.6
2022-10 121.6 109.0 110.0 117.8
2022-09 120.1 108.5 108.3 117.6
2022-08 119.8 108.1 107.1 117.5
2022-07 118.7 107.7 106.7 117.3
2022-06 116.5 107.2 105.7 117.0
2022-05 115.0 106.6 104.9 116.2
2022-04 112.8 106.0 104.0 114.9
2022-03 108.9 105.3 103.7 111.8
2022-02 105.2 104.7 103.2 109.6
2022-01 104.3 103.8 102.9 108.5
2021-12 102.7 102.4 102.6 105.2
2021-11 101.6 101.8 101.8 104.7
2021-10 100.8 101.4 101.2 103.6
2021-09 100.4 100.9 100.6 102.4
2021-08 100.2 100.4 100.2 101.5
2021-07 100.2 100.1 100.0 100.5
2021-06 99.9 99.5 99.5 99.2
2021-05 99.9 99.0 99.2 98.4
2021-04 99.3 98.9 98.9 97.6
2021-03 98.9 98.9 98.8 96.5
2021-02 98.1 98.5 98.7 95.7
2021-01 98.0 98.3 98.5 94.8
  • 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: -0.4%

In September 2024, the industrial producer prices for the foreign markets continued to drop over a month (-0.4% after -0.3% in August). Prices of manufactured products decreased (-0.5% after -0.4% in August), while prices of mining and quarrying products, energy and water slowed down in September, after a sharp rebound in August.

Prices of refined petroleum products fell down again (-9.3% after -6.2%) as oil prices continued to fall. Prices of “other industrial products” fell over a month (-0.4% after being stable in August), driven down by falling prices of pesticides and other agrochemical products (-14.6% after +21.6%). Transport equipment prices also fell slightly (-0.3% after -0.6%), in line with prices for air and spacecraft and related machinery (-0.4% after -0.9%).

Prices of electrical, computer, and electronic equipment and machinery increased slightly over a month (+0.3% after -0.1%), while food and beverages prices were almost stable in September (-0.1% after being stable in August).

Over a year, the industrial producer prices for the foreign markets decreased again (-2.1% in September after -1.0% in August). They were around 13% above their 2021 average level.

French Producer Price Indices in industry according to the market where the products are sold

reference year:2021
French Producer Price Indices in industry according to the market where the products are sold (reference year:2021)
Changes in %
over a month over a year
Levels A 10 and A 17 in CPF rev. 2 Weight September 24 September 24 / August 24 August 24 / July 24 September 24 / September 23 August 24 / August 23
Home market
BE: TOTAL INDUSTRY 731 120.1 -0.1 0.3 -7.0 -6.3
(DE) Mining and quarrying, energy, water 185 125.8 1.2 2.0 -17.6 -17.6
CZ: Manufactured products 546 118.0 -0.5 -0.4 -2.4 -1.6
  (C1) Food products, beverages, tobacco 135 125.8 -0.1 0.2 -0.7 -1.2
  (C2) Coke and refined petroleum products 25 119.1 -9.1 -8.8 -31.7 -18.8
  (C3) Electrical & electronic equip., computers, mach. 50 114.8 0.5 0.1 1.5 1.2
  (C4) Transport equipment 89 114.1 0.0 -0.2 -0.9 -1.0
  (C5) Other manufactured products 247 115.1 -0.2 0.1 0.1 0.0
Foreign markets
BE: TOTAL INDUSTRY 269 112.7 -0.4 -0.3 -2.1 -1.0
CZ: Manufactured products s 114.6 -0.5 -0.4 -1.4 -0.1
  (C1) Food products, beverages, tobacco 30 125.6 -0.1 0.0 -3.3 -3.2
  (C2) Coke and refined petroleum products 7 117.4 -9.3 -6.2 -26.3 -16.6
  (C3) Electrical & electronic equip., computers, mach. 38 111.4 0.3 -0.1 0.5 0.8
  (C4) Transport equipment 74 115.2 -0.3 -0.6 1.5 3.1
  (C5) Other manufactured products s 112.9 -0.4 0.0 -1.4 -0.4
All markets
BE: TOTAL INDUSTRY 1,000 117.8 -0.2 0.1 -5.8 -5.1
CZ: Manufactured products s 116.8 -0.5 -0.4 -2.1 -1.1
  (C1) Food products, beverages, tobacco 165 125.8 0.0 0.2 -1.1 -1.6
  (C2) Coke and refined petroleum products 32 119.0 -9.1 -8.2 -30.7 -18.3
  (C3) Electrical & electronic equip., computers, mach. 88 113.4 0.4 0.1 1.1 1.0
  (C4) Transport equipment 163 114.7 -0.1 -0.4 0.4 1.1
  (C5) Other manufactured products s 114.4 -0.3 0.1 -0.4 -0.1
  • s: confidential
  • Source: INSEE.

Import prices of industrial products: -0.6%

In September 2024, the import prices of industrial products continued to fall (-0.6% after -0.4% in August). Prices of manufactured products went down (-0.4% as in August), as did those of mining and quarrying products, energy and water.

Prices of refined petroleum products dropped again (-5.6% after -6.7% in August). Prices of “other industrial products” decreased slightly (-0.2% after -0.1%), as did those for electrical, computer, and electronic equipment and machinery (-0.3% after -0.2%).

Conversely, food and beverages prices accelerated (+0.6% after +0.3%), driven by higher prices for cocoa, chocolate and sugar confectionery (+4.7% after -0.8%) in a context of a cocoa supply shortage.

Lastly, prices of transport equipment were nearly stable over a month (-0.1% after -0.3% in August).

Over a year, the drop in the import prices of industrial products intensified in September 2024 (-3.0% after -1.1% in August). They were around 11% above their 2021 average level.

Import prices of industrial products

reference year: 2021
Import prices of industrial products (reference year: 2021)
Changes in %
over a month over a year
Levels A 10 and A 17 in CPF rev. 2 Weight September 24 September 24 / August 24 August 24 / July 24 September 24 / September 23 August 24 / August 23
BE: TOTAL INDUSTRY 1,000 111.3 -0.6 -0.4 -3.0 -1.1
CZ: Manufactured products s 111.0 -0.4 -0.4 -1.9 -1.0
  (C1) Food products, beverages, tobacco 75 124.8 0.6 0.3 2.7 2.3
  (C2) Coke and refined petroleum products 45 117.7 -5.6 -6.7 -28.0 -17.7
  (C3) Electrical & electronic equip., computers, mach. 218 107.7 -0.3 -0.2 -0.4 0.1
  (C4) Transport equipment 162 111.7 -0.1 -0.3 -0.3 0.3
  (C5) Other manufactured products s 109.2 -0.2 -0.1 -0.5 -0.3
  • s: confidential
  • Source: INSEE.

Revisions

The evolution of the producer price index in the French industry for the home market between July 2024 and August 2024 has been revised upwards by 0.1 points: published in late September 2024 at +0.2%, it stands now at +0.3%.

Revision of variations

In %
Revision of variations (In %) - How to read it: the evolution of the producer price index in the French industry for the home market between July 2024 and August 2024 has been revised upwards by 0.1 points: published in late September 2024 at +0.2%, it has been reviewed at +0.3%.
August 24 / July 24 July 24 / June 24 June 24 / May 24
French producer prices in industry sold on:
  - the home market +0.1 -0.1 //
  - the foreign markets -0.1 +0.1 +0.1
   - all markets // // //
Import prices of industrial products +0.1 +0.1 -0.1
  • //: unrevised evolution (after rounding)
  • How to read it: the evolution of the producer price index in the French industry for the home market between July 2024 and August 2024 has been revised upwards by 0.1 points: published in late September 2024 at +0.2%, it has been reviewed at +0.3%.
  • Source: INSEE

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: 29 November 2024 at 8:45 am.

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: 29 November 2024 at 8:45 am.

: bureau-de-presse@insee.fr