30 June 2020
2020- n° 162The producer prices in French industry decreased slightly in May 2020 (–0.2%) Industrial Producer and Import Price Indices - May 2020
The producer prices in French industry decreased by 0.2% in May 2020, after the stronger declines observed in April (–2.3%) and March (–1.5%). The producer prices for the French market were virtually stable (–0.1%) whereas those for the foreign markets fell by 0.3%. Year on year, the producer prices in French industry kept declining sharply (–3.5% after –3.8%).
- Producer prices in French industry: –0.2%
- FRENCH MARKET: –0.1%
- Fall in prices of mining and quarrying products, energy and water
- Rebound in refined petroleum product prices
- New fall in prices of the “other industrial products”
- Fall in food and beverage prices
- FOREIGN MARKETS: –0.3%
- Import price indices of industrial products: +0.2%
- For further information
tableauTotal Industry price indices
PPI for domestic market | PPI for foreign markets | PPI for all markets | Import prices | |
---|---|---|---|---|
2015-01 | 100.0 | 98.9 | 99.8 | 99.4 |
2015-02 | 101.0 | 100.1 | 100.8 | 101.0 |
2015-03 | 101.1 | 100.6 | 101.0 | 101.6 |
2015-04 | 100.8 | 101.1 | 100.9 | 102.2 |
2015-05 | 100.4 | 100.6 | 100.4 | 102.5 |
2015-06 | 100.5 | 100.7 | 100.6 | 102.0 |
2015-07 | 100.3 | 100.9 | 100.5 | 100.8 |
2015-08 | 99.2 | 99.8 | 99.4 | 99.3 |
2015-09 | 99.2 | 99.4 | 99.3 | 98.6 |
2015-10 | 99.4 | 99.5 | 99.4 | 98.1 |
2015-11 | 99.5 | 99.6 | 99.5 | 98.2 |
2015-12 | 98.4 | 98.9 | 98.5 | 96.5 |
2016-01 | 97.3 | 98.2 | 97.5 | 94.7 |
2016-02 | 96.9 | 97.2 | 96.9 | 94.1 |
2016-03 | 97.1 | 97.4 | 97.2 | 95.0 |
2016-04 | 96.5 | 97.4 | 96.7 | 95.0 |
2016-05 | 97.0 | 97.7 | 97.1 | 95.9 |
2016-06 | 97.4 | 98.0 | 97.5 | 96.4 |
2016-07 | 97.5 | 97.9 | 97.6 | 96.4 |
2016-08 | 97.4 | 97.9 | 97.5 | 96.2 |
2016-09 | 97.7 | 98.2 | 97.8 | 96.5 |
2016-10 | 98.4 | 98.9 | 98.5 | 97.5 |
2016-11 | 99.0 | 99.3 | 99.1 | 97.5 |
2016-12 | 99.8 | 100.2 | 99.9 | 99.1 |
2017-01 | 100.7 | 101.7 | 100.9 | 99.7 |
2017-02 | 100.5 | 100.9 | 100.6 | 100.0 |
2017-03 | 100.0 | 100.4 | 100.1 | 99.7 |
2017-04 | 99.7 | 100.4 | 99.8 | 99.6 |
2017-05 | 99.1 | 100.1 | 99.3 | 98.8 |
2017-06 | 98.8 | 99.4 | 99.0 | 97.9 |
2017-07 | 98.9 | 99.2 | 98.9 | 97.6 |
2017-08 | 99.4 | 99.1 | 99.3 | 98.2 |
2017-09 | 99.8 | 99.6 | 99.7 | 99.0 |
2017-10 | 100.0 | 100.2 | 100.1 | 99.4 |
2017-11 | 101.7 | 101.1 | 101.5 | 100.2 |
2017-12 | 102.0 | 100.9 | 101.7 | 100.2 |
2018-01 | 102.0 | 100.3 | 101.5 | 100.4 |
2018-02 | 102.0 | 100.6 | 101.7 | 99.9 |
2018-03 | 102.2 | 100.7 | 101.8 | 100.1 |
2018-04 | 101.4 | 100.6 | 101.2 | 100.6 |
2018-05 | 102.1 | 101.3 | 101.8 | 102.0 |
2018-06 | 102.1 | 102.0 | 102.1 | 102.4 |
2018-07 | 102.7 | 102.2 | 102.6 | 102.7 |
2018-08 | 103.1 | 102.3 | 102.9 | 102.8 |
2018-09 | 103.6 | 102.5 | 103.3 | 103.6 |
2018-10 | 103.9 | 103.0 | 103.7 | 104.6 |
2018-11 | 104.4 | 102.5 | 103.9 | 102.8 |
2018-12 | 103.4 | 101.8 | 103.0 | 101.1 |
2019-01 | 103.7 | 102.4 | 103.4 | 101.2 |
2019-02 | 104.2 | 101.9 | 103.5 | 101.9 |
2019-03 | 104.1 | 101.9 | 103.5 | 102.0 |
2019-04 | 103.2 | 102.5 | 103.1 | 102.6 |
2019-05 | 102.7 | 102.2 | 102.6 | 102.6 |
2019-06 | 102.1 | 101.7 | 102.0 | 101.3 |
2019-07 | 102.5 | 102.0 | 102.4 | 101.4 |
2019-08 | 102.6 | 101.8 | 102.4 | 100.8 |
2019-09 | 102.7 | 102.4 | 102.7 | 101.6 |
2019-10 | 102.5 | 102.4 | 102.5 | 101.5 |
2019-11 | 103.9 | 102.7 | 103.6 | 101.6 |
2019-12 | 104.0 | 102.9 | 103.7 | 101.9 |
2020-01 | 103.8 | 102.8 | 103.6 | 101.5 |
2020-02 | 103.1 | 102.5 | 103.0 | 100.6 |
2020-03 | 101.5 | 101.2 | 101.5 | 97.3 |
2020-04 | 98.6 | 100.3 | 99.2 | 95.0 |
2020-05 | 98.5 | 100.0 | 99.0 | 95.2 |
graphiqueTotal Industry price indices

- Source: INSEE.
Producer prices in French industry: –0.2%
The producer prices in French industry decreased by 0.2% in May 2020, after the stronger declines observed in April (–2.3%) and March (–1.5%). The producer prices for the French market were virtually stable (–0.1%) whereas those for the foreign markets fell by 0.3%. Year on year, the producer prices in French industry kept declining sharply (–3.5% after –3.8%).
FRENCH MARKET: –0.1%
The French producer prices in industry for the French market stabilized in May 2020 (–0.1% after –2.9% in April and –1.6% in March), the fall in prices of mining and quarrying products, energy and water was almost offset by the slight rebound in manufactured product prices (+0.3% after –1.4%). Year on year, the French producer prices in industry for the French market kept however declining in May 2020 (–4.1% after –4.5%).
Fall in prices of mining and quarrying products, energy and water
In May 2020, the prices of mining and quarrying products, energy and water declined by 1.3% (after –7.5%). In particular, the prices of electricity production and trade products declined by 2.0% (after –4.0%), owing to the seasonality and a reduced demand due the measures to contain the Covid-19 outbreak. Year on year, the prices of mining and quarrying products, energy and water decreased by 2.7% in May 2020 (after –3.9%).
Rebound in refined petroleum product prices
In the wake of oil prices, the prices of refined petroleum products recovered by 23.7% in May 2020, after the historic declines observed in April (–34.7%) and March (–35.3%). Year on year, they kept falling very sharply in May 2020 (–57.1% after –65.2%).
tableauProducer price indices of coke and refined petroleum products sold on the French market
Producer price indices of coke and refined petroleum products sold on the French market | |
---|---|
2015-01 | 91.2 |
2015-02 | 106.6 |
2015-03 | 110.2 |
2015-04 | 113.8 |
2015-05 | 117.9 |
2015-06 | 115.6 |
2015-07 | 107.6 |
2015-08 | 92.8 |
2015-09 | 91.3 |
2015-10 | 89.1 |
2015-11 | 89.4 |
2015-12 | 74.5 |
2016-01 | 65.9 |
2016-02 | 65.6 |
2016-03 | 75.5 |
2016-04 | 78.5 |
2016-05 | 88.1 |
2016-06 | 91.9 |
2016-07 | 85.3 |
2016-08 | 85.2 |
2016-09 | 87.6 |
2016-10 | 97.0 |
2016-11 | 91.7 |
2016-12 | 105.7 |
2017-01 | 107.1 |
2017-02 | 108.1 |
2017-03 | 101.4 |
2017-04 | 104.7 |
2017-05 | 97.1 |
2017-06 | 89.7 |
2017-07 | 92.1 |
2017-08 | 95.1 |
2017-09 | 101.8 |
2017-10 | 103.2 |
2017-11 | 111.1 |
2017-12 | 110.9 |
2018-01 | 116.1 |
2018-02 | 109.2 |
2018-03 | 111.3 |
2018-04 | 121.8 |
2018-05 | 132.1 |
2018-06 | 130.2 |
2018-07 | 131.4 |
2018-08 | 133.2 |
2018-09 | 136.5 |
2018-10 | 142.7 |
2018-11 | 125.8 |
2018-12 | 109.3 |
2019-01 | 109.4 |
2019-02 | 118.8 |
2019-03 | 123.3 |
2019-04 | 130.7 |
2019-05 | 131.3 |
2019-06 | 117.5 |
2019-07 | 122.3 |
2019-08 | 115.7 |
2019-09 | 121.5 |
2019-10 | 117.6 |
2019-11 | 117.0 |
2019-12 | 119.6 |
2020-01 | 117.8 |
2020-02 | 107.7 |
2020-03 | 69.7 |
2020-04 | 45.5 |
2020-05 | 56.3 |
graphiqueProducer price indices of coke and refined petroleum products sold on the French market

- Source: INSEE.
New fall in prices of the “other industrial products”
The prices of the “other industrial products” fell by 0.3% in May 2020 (after –0.5%). They were mainly driven down by those of chemical products which decreased by 1.8% over a month (after –3.8%) and by 14.0% over a year (after –12.1%), following the downward trend in raw material prices (oil and gas in particular). Year on year, the decline in the “other industrial product” prices strengthened in May 2020 (–2.7% after –2.4%).
Fall in food and beverage prices
In May 2020, the food and beverage prices fell by 0.4% (after –0.2%), mainly due to supply exceeding demand, with some outlets (restaurants, etc.) recovering very gradually. In particular, the prices of meat and meat products decreased by 0.7% (after –0.6%). Year on year, the food and beverage prices slowed down in May 2020 (+0.6% after +1.1%).
tableauProducer price indices of manufactured products sold on the French market
C3 | C5 | C1 | C4 | |
---|---|---|---|---|
2015-01 | 100.2 | 100.0 | 99.8 | 99.9 |
2015-02 | 100.2 | 99.9 | 99.9 | 99.9 |
2015-03 | 100.2 | 100.2 | 99.8 | 99.9 |
2015-04 | 100.2 | 100.6 | 99.9 | 99.9 |
2015-05 | 100.0 | 100.8 | 99.9 | 99.9 |
2015-06 | 100.0 | 100.8 | 99.9 | 99.8 |
2015-07 | 100.0 | 100.8 | 100.2 | 99.8 |
2015-08 | 99.6 | 100.2 | 100.5 | 100.0 |
2015-09 | 99.7 | 99.6 | 100.3 | 100.1 |
2015-10 | 100.0 | 99.2 | 100.2 | 100.3 |
2015-11 | 100.0 | 99.0 | 99.9 | 100.4 |
2015-12 | 99.9 | 98.8 | 99.7 | 100.1 |
2016-01 | 99.7 | 98.4 | 99.3 | 100.2 |
2016-02 | 99.5 | 98.1 | 99.1 | 100.1 |
2016-03 | 99.7 | 97.9 | 98.6 | 100.1 |
2016-04 | 99.6 | 98.0 | 98.5 | 100.1 |
2016-05 | 99.6 | 98.3 | 98.4 | 100.1 |
2016-06 | 99.9 | 98.6 | 98.5 | 100.0 |
2016-07 | 99.6 | 98.6 | 98.9 | 100.0 |
2016-08 | 99.7 | 98.5 | 98.8 | 99.9 |
2016-09 | 99.7 | 98.5 | 98.8 | 99.9 |
2016-10 | 99.6 | 98.7 | 99.1 | 100.0 |
2016-11 | 99.5 | 98.8 | 99.2 | 100.0 |
2016-12 | 99.4 | 99.0 | 99.2 | 100.1 |
2017-01 | 100.1 | 99.6 | 99.2 | 100.1 |
2017-02 | 99.9 | 100.1 | 99.6 | 100.1 |
2017-03 | 100.0 | 100.4 | 99.8 | 100.1 |
2017-04 | 99.9 | 100.7 | 100.1 | 100.2 |
2017-05 | 99.8 | 100.8 | 100.1 | 100.3 |
2017-06 | 99.9 | 100.7 | 100.4 | 100.3 |
2017-07 | 99.8 | 100.4 | 100.4 | 100.3 |
2017-08 | 99.7 | 100.5 | 100.6 | 100.4 |
2017-09 | 99.7 | 100.7 | 100.5 | 100.4 |
2017-10 | 99.8 | 101.0 | 100.4 | 100.4 |
2017-11 | 100.0 | 100.9 | 100.3 | 100.6 |
2017-12 | 100.1 | 101.1 | 100.4 | 100.6 |
2018-01 | 100.7 | 101.6 | 100.0 | 100.5 |
2018-02 | 100.3 | 101.9 | 100.1 | 100.5 |
2018-03 | 100.5 | 102.1 | 100.4 | 100.6 |
2018-04 | 100.6 | 102.2 | 100.1 | 100.6 |
2018-05 | 100.8 | 102.7 | 100.2 | 100.5 |
2018-06 | 100.9 | 102.8 | 100.1 | 100.6 |
2018-07 | 100.7 | 102.9 | 100.4 | 100.6 |
2018-08 | 100.9 | 103.0 | 100.6 | 100.6 |
2018-09 | 100.9 | 103.1 | 100.7 | 100.5 |
2018-10 | 100.8 | 103.0 | 100.7 | 100.7 |
2018-11 | 101.0 | 102.9 | 101.1 | 100.9 |
2018-12 | 101.0 | 102.6 | 101.4 | 101.0 |
2019-01 | 101.4 | 102.7 | 101.2 | 100.9 |
2019-02 | 101.3 | 102.8 | 101.2 | 101.0 |
2019-03 | 101.3 | 103.0 | 100.9 | 101.1 |
2019-04 | 101.5 | 103.1 | 101.0 | 101.2 |
2019-05 | 101.3 | 103.1 | 101.1 | 101.3 |
2019-06 | 101.3 | 102.8 | 101.3 | 101.4 |
2019-07 | 101.3 | 102.6 | 101.5 | 101.6 |
2019-08 | 101.4 | 102.6 | 101.6 | 101.6 |
2019-09 | 101.7 | 102.5 | 101.5 | 101.7 |
2019-10 | 101.8 | 102.3 | 101.8 | 102.1 |
2019-11 | 101.8 | 102.0 | 102.1 | 102.3 |
2019-12 | 101.8 | 101.9 | 102.5 | 102.7 |
2020-01 | 102.0 | 101.8 | 102.2 | 102.8 |
2020-02 | 102.3 | 101.6 | 102.2 | 102.9 |
2020-03 | 102.0 | 101.1 | 102.3 | 102.8 |
2020-04 | 102.0 | 100.6 | 102.1 | 103.0 |
2020-05 | 102.2 | 100.3 | 101.7 | 103.0 |
graphiqueProducer price indices of manufactured products sold on the French market

- Source: INSEE.
FOREIGN MARKETS: –0.3%
In May 2020, the producer prices of French industrial products for foreign markets declined by 0.3% (after –0.9%), driven down by the export manufactured product prices (–0.3% after –0.6%).
The export prices of the “other industrial products” kept decreasing (–0.8% after –0.6%), mainly due to the fall in chemical product prices (–3.0% after –2.1%) whereas those of basic metals recovered slightly (+0.5% after –1.4%).
In the wake of oil prices, the export prices of refined petroleum products recovered over a month (+15.6% after –39.5%) but kept declining sharply over a year (–59.2% after –64.7%).
The export prices of food products and beverages fell back for the first time since July 2019 (–0.6% after +0.2%), driven up by those of meat and meat products (–1.6% after +0.1%).
Year on year, the producer prices of French industrial products for foreign markets kept declining sharply in May 2020 (–2.2% after –2.1%).
tableauFrench 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 | Weight | May 20 | In 1 month | In 1 year |
French market | ||||
BE:TOTAL INDUSTRY | 1000 | 98.5 | -0.1 | -4.1 |
(DE) Mining and quarrying, energy, water | 232 | 97.1 | -1.3 | -2.7 |
CZ: Manufactured products | 768 | 99.1 | 0.3 | -4.3 |
(C1) Food products, beverages, tobacco | 205 | 101.7 | -0.4 | 0.6 |
(C2) Coke and refined petroleum products | 37 | 56.3 | 23.7 | -57.1 |
(C3) Electrical & electronic equip., computers, mach. | 74 | 102.2 | 0.2 | 0.9 |
(C4) Transport equipment | 99 | 103.0 | 0.0 | 1.7 |
(C5) Other manufactured products | 353 | 100.3 | -0.3 | -2.7 |
Foreign markets | ||||
BE:TOTAL INDUSTRY | 1000 | 100.0 | -0.3 | -2.2 |
CZ: Manufactured products | 980 | 100.5 | -0.3 | -1.7 |
(C1) Food products, beverages, tobacco | 86 | 103.5 | -0.6 | 1.7 |
(C2) Coke and refined petroleum products | 25 | 50.3 | 15.6 | -59.2 |
(C3) Electrical & electronic equip., computers, mach. | 132 | 100.6 | -0.2 | -0.1 |
(C4) Transport equipment | 297 | 108.1 | -0.2 | 4.8 |
(C5) Other manufactured products | 440 | 97.5 | -0.8 | -3.5 |
All markets | ||||
BE:TOTAL INDUSTRY | 1000 | 99.0 | -0.2 | -3.5 |
CZ: Manufactured products | 833 | 99.7 | 0.1 | -3.4 |
(C1) Food products, beverages, tobacco | 168 | 102.0 | -0.5 | 0.8 |
(C2) Coke and refined petroleum products | 33 | 54.7 | 21.8 | -57.6 |
(C3) Electrical & electronic equip., computers, mach. | 92 | 101.5 | 0.1 | 0.5 |
(C4) Transport equipment | 160 | 105.8 | -0.1 | 3.6 |
(C5) Other manufactured products | 380 | 99.4 | -0.5 | -3.0 |
- Source: INSEE.
Import price indices of industrial products: +0.2%
In May 2020, the import prices of industrial products recovered very slightly (+0.2%), after the strong falls in April (–2.4%) and March (–3.3%). The rise in import prices of unrefined hydrocarbons was partly offset by the decrease in manufactured product prices (–0.2% after –1.1%).
The import prices of “other industrial products” remained below (–0.6% after –0.5%), driven down by those of chemical products (–2.6%, like in April) and wearing apparel (–1.1% after –0.2%).
The import prices for coke and refined petroleum products recovered slightly over a month (+0.7% after –26.2%) and fall by 56.6% over a year (after –56.9%).
Year on year, the import prices of industrial products kept falling very strongly in May 2020 (–7.2% after –7.4%).
tableauImport prices of industrial products
Change in % | ||||
---|---|---|---|---|
Levels A 10 and A 17 in CPF rev. 2 | Weight | May 20 | In 1 month | In 1 year |
BE:TOTAL INDUSTRY | 1000 | 95.2 | 0.2 | -7.2 |
CZ: Manufactured products | s | 98.1 | -0.2 | -3.3 |
(C1) Food products, beverages, tobacco | 75 | 101.9 | -0.3 | -1.5 |
(C2) Coke and refined petroleum products | 36 | 54.1 | 0.7 | -56.6 |
(C3) Electrical & electronic equip., computers, mach. | 226 | 98.7 | 0.0 | 0.0 |
(C4) Transport equipment | 188 | 101.9 | 0.2 | 1.0 |
(C5) Other manufactured products | s | 99.1 | -0.6 | -1.6 |
- s: confidential
- Source: INSEE.
tableauRevision of variations
Feb. 20 / Jan. 20 | Mar. 20 / Feb. 20 | Apr. 20 / Mar. 20 | |
---|---|---|---|
French producer prices in industry sold on: | |||
- the French market | +0.1 | +0.1 | // |
- the foreign markets | // | -0.1 | -0.1 |
- all markets | +0.1 | // | // |
Import prices of industrial products | +0.1 | +0.5 | +0.2 |
- (1) How to read it: the variation of the producer price index in industry for products sold on the French Market between March and April 2020 is unchanged: -2.9% as it was published in May 2020.
For further information
Next publication: 30 July 2020 at 8.45 a.m.
Pour en savoir plus
Next publication: 30 July 2020 at 8.45 a.m.