21 December 2016

2016- n° 338

In November 2016, increase in producer prices in industry (+0.7%) Industrial Producer and Import Price Indices - November 2016

On all markets (French market and foreign markets), producer prices in industry continued to rise in November 2016 (+0.7%), but at a slower pace than in October (+0.9%). Year over year, the producer price decline eased (−0.2% after −0.8%).

In November, French producer prices in industry for the French market increased again (+0.8% after +0.9% in October). The rise is mainly due to energy products excluding refined petroleum products.

In November, the prices of refined petroleum products declined after two consecutive months of increase (−5.4% after +10.7% in October). The fall was sharp for gasoil, jet fuels and medium oils like naphta. Year over year, refined petroleum products prices increased again but at a lesser pace than in the previous month (+2.7% after +8.8% in October).

In November, the prices of mining and quarrying products, energy and water, on the rise for the sixth consecutive month, accelerated sharply (+4.6% after +1.8% in October and +0.7% in September). The increase was mainly due to the switch to the winter rate in electricity transmission and, to a lesser extent, to rises in prices in wholesale markets for gas and electricity.

In November, food prices were virtually stable (+0.1% after +0.2%). The increase in prices for oils and fats and for dairy products were almost offset by the fall in prices for bread and fresh pastries. Year over year, food prices remained declining (−0.8%).

The prices of “other industrial products” were virtually stable (+0.1% in November after +0.2% in October). Prices of chemical products and basic metals products kept growing. On the contrary, the prices of rubber products and of paper industry products went down slightly. The prices of other products of this category were stable or virtually stable.

The producer prices of French industrial products sold on foreign markets continued to rise in November but at a lower rate than in October (+0.3% after +0.8%). Prices increased in all major sectors except for petroleum refining industry. Year over year, export prices remained on a modest decline trend (−0.3% in November after −0.4% in October).

In November, the import prices of industrial products held steady (0.0% after +0.9%). Prices went up or were virtually stable for all products except for refined petroleum products, in decline. Import prices remained lower than a year ago (−0.8%).