30 January 2015
2015- n° 23In December 2014, producer prices in industry fell anew Industrial Producer and Import Price Indices - December 2014
In December, French producer prices in industry for the French market declined significantly (–0.9% after –0.1% in November), driven by plummeting prices for petroleum products.
Producer price indices in French industry: –0.8% in December
FRENCH MARKET: –0.9% in December
In December, French producer prices in industry for the French market declined significantly (–0.9% after –0.1% in November), driven by plummeting prices for petroleum products.
The plunge in prices for petroleum products intensified
In December, prices for refined petroleum products continued to tumble (–14.9% after –5.1%), driven by diving Brent crude prices. The supply of crude oil remained abundant whereas the demand was not strong. Year over year, prices for refined petroleum products fell by 28.4%.
Conversely, prices for mining and quarrying products, energy and water rose anew (+0.5% after +1.7% in November), driven by significantly higher prices on the wholesale electricity market and – to a lesser extent – the rise in electricity unregulated rates.
Food prices have been declining since spring 2014
Food prices moved down for the eighth month in a row (–0.2% in December after –0.3% in November, –2.2% year over year). Price movements differed across products: in December, they spread from +1.7% for oils and fats to –1.0% for dairy products.
Prices for other manufactured products dipped
Prices for other manufactured products continued to drop (–0.3% in December, as in November). This decline was mainly due to the fall in prices for chemical products which benefited from lower commodity prices, most notably for petroleum products.
FOREIGN MARKETS: –0.4% in December
Producer prices of French industrial products sold on foreign markets dipped again (–0.4% in December after –0.5% in November), mainly due to lower prices for refined petroleum products (–15.8%) and for other manufactured products (–0.3%).
ALL MARKETS: –0.8% in December
On all markets, prices fell by 0.8% in December. Year over year, the decline was significant (–2.4%): it reached -28.6% for refined petroleum products and –1.8% for food products. Prices for transport equipment, and electrical, computer, and electronic products and machinery rose year over year (+0.5% and +0.8%)
Import price indices of industrial products: –1.9% in December
Import prices declined significantly (–1.9% in December after –0.8%), driven by sinking prices for petroleum products (–18.0%). Year over year the fall in import prices was 5.5%, and spread across all main industrial sectors.
graphiqueGraphique1_EN – Total Industry price indices
graphiqueGraphique2_EN – Producer price indices of manufactured products sold on the french market
graphiqueGraphique3_EN – Import price indices of manufactured products
tableauTableau1 – French Producer Price Indices in industry according to the market where the products are sold:
| Change in % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 in CPF rev. 2, 2008 | Weight | Dec.14 | In 1 month | In 1 year |
| French market | ||||
| BE:TOTAL INDUSTRY | 1000 | 105.9 | –0.9 | –2.9 |
| (DE) Mining and quarrying, energy, water | 194 | 114.8 | 0.5 | –1.9 |
| CZ: Manufactured prod. | 806 | 103.3 | –1.2 | –3.2 |
| (C1) Food products, beverages, tobacco | 186 | 108.4 | –0.2 | –2.2 |
| (C2) Coke and refined petroleum products | 56 | 93.1 | –14.9 | –28.4 |
| (C3) Electrical & electronic equip., computers, mach. | 72 | 102.6 | 0.1 | 0.6 |
| (C4) Transport equipment | 111 | 103.4 | 0.1 | 0.5 |
| (C5) Other man. products | 380 | 102.2 | –0.3 | –0.8 |
| Foreign markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 102.2 | –0.4 | –0.9 |
| CZ: Manufactured prod. | 968 | 102.4 | –0.5 | –0.7 |
| (C1) Food products, beverages, tobacco | 122 | 111.3 | –0.1 | –0.3 |
| (C2) Coke and refined petroleum products | 26 | 87.4 | –15.8 | –29.5 |
| (C3) Electrical & electronic equip., computers, mach. | 180 | 98.6 | 0.1 | 1.1 |
| (C4) Transport equipment | 169 | 104.1 | 0.1 | 0.6 |
| (C5) Other man. products | 471 | 101.8 | –0.3 | 0.1 |
| All markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 104.4 | –0.8 | –2.4 |
| CZ: Manufactured prod. | 845 | 102.6 | –1.1 | –2.5 |
| (C1) Food products, beverages, tobacco | 171 | 109.0 | –0.2 | –1.8 |
| (C2) Coke and refined petroleum products | 49 | 91.8 | –15.0 | –28.6 |
| (C3) Electrical & electronic equip., computers, mach. | 98 | 99.8 | 0.1 | 0.8 |
| (C4) Transport equipment | 125 | 103.8 | 0.1 | 0.5 |
| (C5) Other man. products | 402 | 102.0 | –0.3 | –0.5 |
tableauTableau2 – Import prices of industrial products
| Change in % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 | Weight | Dec.14 | In 1 month | In 1 year |
| BE:TOTAL INDUSTRY | 1000 | 99.7 | –1.9 | –5.5 |
| CZ: Manufactured prod. | s | 100.4 | –0.9 | –2.6 |
| (C1) Food products, beverages, tobacco | 71 | 112.2 | 0.2 | –1.5 |
| (C2) Coke and refined petroleum products | 53 | 88.7 | –18.0 | –31.6 |
| (C3) Electrical & electronic equip., computers, mach. | 225 | 97.0 | 1.6 | –0.4 |
| (C4) Transport equipment | 147 | 99.7 | –0.3 | –0.2 |
| (C5) Other manufactured products | s | 102.6 | –0.4 | –0.2 |
- r: updated; nd: non available; s: confidential
tableauTableau3 – Revision of each index at total industry level
| Sep.14 / Aug.14 | Oct.14 / Sep.14 | Nov.14 / Oct.14 | |
|---|---|---|---|
| French producer prices in industry sold on: | |||
| - the French market | // | +0.1(1) | // |
| - the foreign markets | // | // | // |
| - all markets | // | +0.1 | // |
| Import prices of industrial products | // | –0.2 | // |
- (1) Reading note: the change of the index between September and October 2014 has been revised by 0.1 point: published last month equal to –0.1%, it has been updated to -0,1%.
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