Informations Rapides · 27 February 2025 · n° 54

In Q4 2024, services producer prices fell by 0.5% over a quarter and rose by 2.5% over a year Services producer price indices - fourth quarter 2024

In the fourth quarter of 2024, producer prices of services fell back over a quarter (-0.5% after +0.7%). Prices of services sold to to households fell back (-1.4% after +1.4%) as did those sold on foreign markets (-2.4% after +2.7%). Prices of services sold to home businesses rose slightly (+0.2% after +0.1%).

Over a year, overall producer prices of services slowed down in the fourth quarter of 2024, for the first time in five quarters (+2.5% after +2.9% in the third quarter of 2024). They were 7.8% above their Q4 2021 level.

In the fourth quarter of 2024, producer prices of services sold to home businesses increased slightly over a quarter (+0.2% after +0.1%) and kept rising over a year (+2.2% after +2.5% in the third quarter).

In the fourth quarter of 2024, prices of information and communication services bounced back over a quarter (+1.1% after -0.7%), due to the seasonal rise of television programming and broadcasting services prices (+14.5% after -8.8%) and of motion picture, video and television programme distribution services prices (+2.8% after -0.6%). Over a year, prices of information and communication services slowed down (+1.7% after +2.4% in the third quarter of 2024). These prices were 5.1% above their Q4 2021 level.

In the fourth quarter of 2024, prices of transportation and storage services fell back over a quarter (-1.2% after +0.6%). Over a year, they continued to decelerate (+2.1% after +2.4% in the third quarter and +2.6% in the second quarter of 2024). They were 9.8% above their Q4 2021 level.

In the fourth quarter of 2024, prices of accommodation and food services also fell back over a quarter (-3.6% after +3.4%), mainly because of the sharp seasonal drop of prices of hotels and similar accommodation services (-10.5% after +8.8% in the third quarter and +9.1% in the second quarter 2024), following two quarters of strong increases due in particular to the Paris Olympic and Paralympic Games. Over a year, prices of accommodation and food services slowed down sharply (+0.7% after +5.4% in third quarter of 2024). They were 16.0% above their Q4 2021 level.

In the fourth quarter of 2024, prices of professional, scientific and technical services rose over a quarter (+0.6% after -0.1% in the third quarter of 2024), due to the acceleration in prices of accounting, bookkeeping and auditing services, tax consulting services (+1.3% after a stability in the third quarter of 2024). Over a year, prices of professional, scientific and technical services continued to rise in the fourth quarter of 2024 (+2.0% after +1.9% in the third quarter and +2.2% in the second quarter of 2024). They were 7.5% above their Q4 2021 level.

In the fourth quarter of 2024, the prices of administrative and support services rose (+0.5% over a quarter after -0.1%), notably as a result of the rebound in prices of temporary employment agency services prices (+1.5% after -1.1%). Over a year, prices of administrative and support services accelerated (+2.4% after +2.1% in the third quarter of 2024), following seven consecutive quarters of deceleration. They were 11.7% above their Q4 2021 level.

In the fourth quarter of 2024, prices of real estate activities continued to rise over a quarter (+0.6% after +0.5%), driven by the prices of real estate agency services, which slowed down but remained dynamic (+3.5% after +5.5%), as well as prices of renting and operating of own or leased real estate (+0.4% after +0.3%). Over a year, prices for real estate activities decelerated slightly (+4.6% after +4.8% in the third quarter of 2024). These prices were 12.3% above their Q3 2021 level.

In the fourth quarter of 2024, producer prices of services sold to households in France fell back over a quarter (-1.4% after +1.4%), mainly due to prices of transportation and storage services (-3.3% after +3.0%), and those of accommodation and food services (-2.5% after +3.1%). Prices of administrative and support services also dropped (-0.3% after +1.9%), as did those for information and communication services (-2.7% after -1.7%). Finally, prices of real estate services continued to rise slightly (+0.2% as in the third quarter), while and prices of professional, scientific and technical services rebounded (+0.9% after -0.5%), driven by prices of legal activities.

Producer prices of services sold to households in France continued to rise over a year in the fourth quarter of 2024 (+2.1% after +2.2%) and were 8.3% above their Q4 2021 level.

In the fourth quarter of 2024, producer prices of exported services fell back (-2.4% after +2.7%), mainly due, to the fall down of prices of transportation and storage services (-6.7% after +7.5%) driven by the sharp decrease in prices of sea and coastal freight water transport services (-12.3% after +14.6%). Prices of professional, scientific and technical services were virtually stable (-0.1% after a stability in the third quarter). Prices of information and communication services bounced back (+0.5% after -0.6%) and those of administrative and support services rose again (+1.1% after a stability in the third quarter of 2024).

Over a year, producer prices for exported services decelerated in the fourth quarter of 2024 (+5.0% after +6.4% in the third quarter). They were 0.6% below their Q4 2021 level.

The variation of the producer price index for services sold on all markets between the second quarter 2024 and the third quarter 2024 has been unrevised: it stands at +0.7%.