Informations Rapides · 27 June 2025 · n° 167

In May 2025, the industrial producer prices fell by 0.8% over a month and by 0.7% over a year Industrial Producer and Import Price Indices - May 2025

In May 2025, the fall in producer prices in the French industry slowed (-0.8% after -3.9% in April and -1.1% in March). The decline in producer prices slowed more significantly for products sold on the French market (-0.8% after -4.2%) than for those intended for foreign markets (-0.5% after -2.8% in April). Over a year, the French industrial producer prices also continued to decrease (-0.7% after -1.3% in April and -0.1% in March).

Excluding energy, the producer prices in the French industry were virtually stable over a month (-0.1% after -0.3% in April) and were up over a year (+0.9% after +1.2% in April).

In May 2025, the fall in producer prices in French industry for the home market softened significantly over a month (-0.8% after -4.2% in April): the drop in prices for mining and quarrying products, energy, and water eased very sharply (-3.4% after -14.7%), while prices of manufactured products were virtually stable (-0.1% after -0.5% in April). Over a year, the producer prices in the French industry for the home market rose slightly after seventeen consecutive months of decline (+0.2% after -0.7% in April and -0.2% in March).

In May 2025, the fall in prices for mining and quarrying products, energy, and water slowed down sharply (-3.4% after -14.7% in April), following a drop in electricity prices (-5.8% after -24.3%). Episodes of negative electricity prices were even observed, in particular during the May bank holidays when demand decreased and solar production was abundant. Over a year, prices for mining and quarrying products, energy, and water fell for the eighteenth consecutive month (-2.2% after -4.4%), mainly due to electricity prices.

Prices of refined petroleum products continued to fall over a month, but to a much lesser extent (-1.0% after -7.8% in April): the decline in world oil prices was slightly reinforced by the euro's appreciation against the dollar over the same period. Over a year, prices of refined petroleum products continued to fall sharply (-20.7% after -26.3% in April).

Prices for “other industrial products” fell slightly over a month (-0.2% in May after -0.3% in April). They were driven down by lower prices for other organic basic chemicals (-3.1% after -8.0%), following lower oil prices, and by a drop in prices for essential oils (-14.8% after -2.2%). Over a year, prices for “other industrial products” rose by 0.8% (after +1.1% in April).

Prices of food and beverages continued to rise in May (+0.2% after +0.3% in April), following prices for processed and preserved meat (+2.4% after +3.0%). This rise in prices is due to increased demand for beef, partly linked to the May bank holidays, and to reduced supply. Over a year, food and beverages prices were up (+3.1% after +3.2% in April).

Electronic equipment and machinery prices were virtually stable over a month (-0.1% after -0.3%). Over a year, they rose by 0.5% (after +0.9% in April).

Prices of transport equipment were also virtually stable over a month (-0.1% after a stability in April). Over a year, they continued to rise slightly (+0.3% after +0.4%).

In May 2025, the industrial producer prices for foreign markets fell over a month (-0.5% after -2.8%). Prices for manufactured products were virtually stable (-0.1% after -0.9%), and those for mining and quarrying products, energy and water fell less sharply than in April.

Prices for “other industrial products” continued to fall (-0.3% after -0.4%), driven by the lower prices for plastics in primary forms (-2.6% after -0.6%).

The decline in prices for refined petroleum products decelerated sharply in May (-1.7% after -7.0% in April).

Prices for food and beverages rebounded over a month (+0.2% after -0.4% in April), driven by higher prices for processed and preserved meat (+2.9% after +2.2%).

Prices for electronic equipment and machinery were virtually stable in May (+0.1% after -0.4 % in April).

Finally, prices for transport equipment remained stable in May (after -1.3% in April).

Over a year, the industrial producer prices on foreign markets continued to fall (-2.7% after -2.5% in April).

In May 2025, the fall in the import prices for industrial products slowed (-0.7% after -2.1%). Prices of manufactured products continued to decrease (-0.4% after -0.7% in April), and those of mining and quarrying products, energy and water fell less sharply than in April.

Prices for “other industrial products” fell again over a month (-0.4% after -0.7%), as did those of electronic equipment and machinery (-0.2% after -0.5% in April).

Prices for refined petroleum products declined less strongly in May (-2.5% after -8.1%).

Prices of food and beverages continued to rise over a month (+0.3% after +0.8%), driven by the continued rise in cocoa, chocolate and sugar confectionery prices (+2.0% after +2.4%) and by the rebound in distilled alcoholic beverages prices (+0.9% after -0.7% in April).

Finally, prices for transport equipment were virtually stable in May (+0.1% after a stability in April).

Over a year, the import prices for industrial products continued to fall in May 2025 (-1.3% after -1.4% in April).

The evolution of the producer price index in the French industry for the home market between March 2025 and April 2025 has been revised upwards by 0.1 points: published in late May 2025 at -4.3%, it has been reviewed at -4.2%.