30 November 2016
2016- n° 313In October 2016, increase in producer prices in industry (+0.8%) Industrial Producer and Import Price Indices - October 2016
On all markets (French market and foreign markets), producer prices in industry continued to rise in October 2016 (+0.8%), at a more dynamic pace than in the previous month (+0.3%). Year over year, they kept declining (−0.8%).
Producer prices in French industry: +0.8% in October
On all markets (French market and foreign markets), producer prices in industry continued to rise in October 2016 (+0.8%), at a more dynamic pace than in the previous month (+0.3%). Year over year, they kept declining (−0.8%).
FRENCH MARKET: +0.8%
In October, French producer prices in industry for the French market increased again, more sharply than the previous month (+0.8% after +0.3% in September). The rise is mainly due to refined petroleum products and other energy products.
Increase in prices for refined petroleum products
In September, the prices of refined petroleum products sped up significantly (+10.7% after +2.8% in September and −0.1% in August) especially prices of gasoil and jet fuels. Year over year, refined petroleum product prices bounced back sharply (+8,8% after 4.1%).
Rise in prices for other energy products
In October, the prices of mining and quarrying products, energy and water continued to grow (+1.5% after +0.7% in September). The increase was mainly due to electricity produced and traded. The shutdown of nuclear reactors since mid-September disminished the production capacities and the prices on the wholesale market rose sharply.
Slight increase in food prices
In October, food prices went up (+0.2%) after a virtual stability in September. Sugar price rebounded (+5.7% after −0.3% in September), in line with the sharp increase in sugar prices on a global level in October. Year over year, food prices remained declining (−1.2%).
Virtual stability in prices for “other industrial products”
The prices of “other industrial products” remained virtually stable (+0.1% in October as in September). Only the prices of chemical products and basic metals products grew. The prices of other products of this category fell slightly or were stable.
FOREIGN MARKETS: +0.8%
Producer prices of French industrial products sold on foreign markets continued to rise (+0.8% in October after +0.4% in September). Increases were concentrated in energy and refined petroleum products and, to a lesser extent, in foodstuffs. Year over year, the decline in export prices eased (−0.4% after −1.2%).
Import price indices of industrial products: +1.1% in October
In October, the import prices of industrial products rose sharply (+1.1% after +0.3%). Prices went up for all products except for transport equipment. Import prices remained down year over year (−0.6%).
graphiqueGraph1 – Total Industry price indices
- Source : INSEE
graphiqueGraph2 – Producer price indices of manufactured products sold on the French market
- Source : INSEE
graphiqueGraph3 – Import price indices of manufactured products
- Source : INSEE
tableauTable1 – 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 | Oct.16 | In 1 month | In 1 year |
| French market | ||||
| BE:TOTAL INDUSTRY | 1000 | 103.2 | 0.8 | –0.9 |
| (DE) Mining and quarrying, energy, water | 193 | 108.3 | 1.5 | –3.3 |
| CZ: Manufactured prod. | 807 | 101.6 | 0.7 | –0.2 |
| (C1) Food products, beverages, tobacco | 188 | 107.3 | 0.2 | –1.2 |
| (C2) Coke and refined petroleum products | 53 | 85.6 | 10.7 | 8.8 |
| (C3) Electrical & electronic equip., computers, mach. | 71 | 101.0 | –0.1 | –0.4 |
| (C4) Transport equipment | 124 | 103.7 | 0.0 | –0.3 |
| (C5) Other man. products | 371 | 100.6 | 0.1 | –0.5 |
| Foreign markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 102.2 | 0.8 | –0.4 |
| (DE) Mining and quarrying, energy, water | 32 | 102.0 | 18.2 | 1.8 |
| CZ: Manufactured prod. | 968 | 102.2 | 0.2 | –0.6 |
| (C1) Food products, beverages, tobacco | 122 | 113.1 | 0.6 | –0.8 |
| (C2) Coke and refined petroleum products | 26 | 80.5 | 6.2 | 6.1 |
| (C3) Electrical & electronic equip., computers, mach. | 180 | 99.6 | 0.1 | –0.2 |
| (C4) Transport equipment | 169 | 105.4 | 0.0 | 0.6 |
| (C5) Other man. products | 471 | 100.4 | 0.0 | –1.4 |
| All markets | ||||
| BE:TOTAL INDUSTRY | 1000 | 102.4 | 0.8 | –0.8 |
| (DE) Mining and quarrying, energy, water | 159 | 108.1 | 2.2 | –3.1 |
| CZ: Manufactured prod. | 841 | 101.3 | 0.5 | –0.3 |
| (C1) Food products, beverages, tobacco | 175 | 108.3 | 0.2 | –1.2 |
| (C2) Coke and refined petroleum products | 49 | 84.0 | 9.9 | 8.0 |
| (C3) Electrical & electronic equip., computers, mach. | 85 | 99.3 | –0.1 | –0.4 |
| (C4) Transport equipment | 123 | 104.4 | 0.0 | –0.1 |
| (C5) Other man. products | 409 | 100.5 | 0.2 | –0.7 |
- Source : INSEE
tableauTable2 – Import prices of industrial products
| Change in % | ||||
|---|---|---|---|---|
| Levels A 10 and A 17 of nomenclature CPF rev. 2, 2008 | Weight | Oct.16 | In 1 month | In 1 year |
| BE:TOTAL INDUSTRY | 1000 | 96.0 | 1.1 | –0.6 |
| CZ: Manufactured prod. | s | 98.5 | 0.6 | –0.3 |
| (C1) Food products, beverages, tobacco | 71 | 115.2 | 0.6 | 3.6 |
| (C2) Coke and refined petroleum products | 53 | 79.9 | 10.4 | 2.7 |
| (C3) Electrical & electronic equip., computers, mach. | 225 | 95.6 | 0.2 | –1.1 |
| (C4) Transport equipment | 147 | 97.3 | –0.2 | –1.1 |
| (C5) Other manufactured products | s | 100.7 | 0.2 | –0.7 |
- r: updated ; nd: non available ; s : confidential
- Source : INSEEl
tableauTable3 – Revision of variations
| Jul.16 / Jun.16 | Aug.16 / Jul.16 | Sep.16 / Aug.16 | |
|---|---|---|---|
| French producer prices in industry sold on: | |||
| - the French market | // | // | +0.2 |
| - the foreign markets | // | // | // |
| - all markets | // | // | +0.2 |
| Import prices of industrial products | –0.1 | // | +0.2 |
- // : unrevised variation
- How to read it: the change in the producer price index in industry for products sold on the French market between August 2016 and September 2016 has been revised upwards by 0.2 points: published at the end of October equal to 0.1%, it has been updated to 0.3%
Nota bene : important changes occurred in electricity sector on the 1st of January 2016, with the end of regulated tariffs. Due to this evolution on the electricity market, electricity production price indexes may be revised more than usual.
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