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Informations Rapides · 25 February 2022 · n° 53
Informations rapidesIn January 2022, the industrial producer prices accelerated anew: +3.7% over a month and +20.1% over a year Industrial Producer and Import Price Indices - January 2022

In January 2022, the industrial producer prices accelerated sharply over a month (+3.7% after +1.3% in December 2021) and over a year (+20.1% after +17.2%). These are the highest increases recorded in the available series since January 1995. Prices of products sold on the home market sped up sharply (+4.6% after +1.3%), driven up by those of energy. Those sold on the foreign markets accelerated at a more moderate pace (+1.5% after +1.1%).

Informations rapides
No 53
Paru le :Paru le25/02/2022
Prochaine parution le : 31/01/2025 at 08:45 - December 2024
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Total Industry price indices

Total Industry price indices
PPI for all markets PPI for home market PPI for foreign markets Import prices
2022-01 124.7 127.3 117.9 127.3
2021-12 120.2 121.7 116.2 122.1
2021-11 118.6 120.1 114.9 120.0
2021-10 114.8 115.6 112.9 117.6
2021-09 111.8 112.2 110.6 113.8
2021-08 109.9 110.3 108.8 110.5
2021-07 108.7 109.0 107.8 109.4
2021-06 107.2 107.3 106.8 107.0
2021-05 105.8 105.9 105.4 105.4
2021-04 105.4 105.5 105.2 103.7
2021-03 105.8 106.3 104.4 102.7
2021-02 104.7 105.3 103.4 102.0
2021-01 103.8 104.2 102.6 100.3
2020-12 102.6 103.1 101.2 98.7
2020-11 101.6 101.9 100.5 97.8
2020-10 100.4 100.3 100.4 97.3
2020-09 100.5 100.3 100.8 97.1
2020-08 100.1 100.0 100.2 97.3
2020-07 100.2 99.9 100.7 97.3
2020-06 99.8 99.5 100.3 96.7
2020-05 99.2 98.7 100.0 95.2
2020-04 99.3 98.7 100.3 95.0
2020-03 101.5 101.5 101.2 97.2
2020-02 103.0 103.1 102.5 100.6
2020-01 103.6 103.8 102.8 101.5
2019-12 103.7 104.0 102.9 101.9
2019-11 103.6 103.9 102.7 101.6
2019-10 102.5 102.5 102.4 101.5
2019-09 102.7 102.7 102.4 101.6
2019-08 102.4 102.6 101.8 100.8
2019-07 102.4 102.5 102.0 101.4
2019-06 102.0 102.1 101.7 101.3
2019-05 102.6 102.7 102.2 102.6
2019-04 103.1 103.2 102.5 102.6
2019-03 103.5 104.1 101.9 102.0
2019-02 103.5 104.2 101.9 101.9
2019-01 103.4 103.7 102.4 101.2
2018-12 103.0 103.4 101.8 101.1
2018-11 103.9 104.4 102.5 102.8
2018-10 103.7 103.9 103.0 104.6
2018-09 103.3 103.6 102.5 103.6
2018-08 102.9 103.1 102.3 102.8
2018-07 102.6 102.7 102.2 102.7
2018-06 102.1 102.1 102.0 102.4
2018-05 101.8 102.1 101.3 102.0
2018-04 101.2 101.4 100.6 100.6
2018-03 101.8 102.2 100.7 100.1
2018-02 101.7 102.0 100.6 99.9
2018-01 101.5 102.0 100.3 100.4
2017-12 101.7 102.0 100.9 100.2
2017-11 101.5 101.7 101.1 100.2
2017-10 100.1 100.0 100.2 99.4
2017-09 99.7 99.8 99.6 99.0
2017-08 99.3 99.4 99.1 98.2
2017-07 98.9 98.9 99.2 97.6
2017-06 99.0 98.8 99.4 97.9
2017-05 99.3 99.1 100.1 98.8
2017-04 99.8 99.7 100.4 99.6
2017-03 100.1 100.0 100.4 99.7
2017-02 100.6 100.5 100.9 100.0
2017-01 100.9 100.7 101.7 99.7
2016-12 99.9 99.8 100.2 99.1
2016-11 99.1 99.0 99.3 97.5
2016-10 98.5 98.4 98.9 97.5
2016-09 97.8 97.7 98.2 96.5
2016-08 97.5 97.4 97.9 96.2
2016-07 97.6 97.5 97.9 96.4
2016-06 97.5 97.4 98.0 96.4
2016-05 97.1 97.0 97.7 95.9
2016-04 96.7 96.5 97.4 95.0
2016-03 97.2 97.1 97.4 95.0
2016-02 96.9 96.9 97.2 94.1
2016-01 97.5 97.3 98.2 94.7
2015-12 98.5 98.4 98.9 96.5
2015-11 99.5 99.5 99.6 98.2
2015-10 99.4 99.4 99.5 98.1
2015-09 99.3 99.2 99.4 98.6
2015-08 99.4 99.2 99.8 99.3
2015-07 100.5 100.3 100.9 100.8
2015-06 100.6 100.5 100.7 102.0
2015-05 100.4 100.4 100.6 102.5
2015-04 100.9 100.8 101.1 102.2
2015-03 101.0 101.1 100.6 101.6
2015-02 100.8 101.0 100.1 101.0
2015-01 99.8 100.0 98.9 99.4

Total Industry price indices

  • Source: INSEE

Producer prices in the French industry: +3.7%

In January 2022, the industrial producer prices accelerated sharply over a month (+3.7% after +1.3% in December 2021) and over a year (+20.1% after +17.2%). These are the highest increases recorded in the available series since January 1995. Prices of products sold on the home market sped up sharply (+4.6% after +1.3%), driven up by those of energy. Those sold on the foreign markets accelerated at a more moderate pace (+1.5% after +1.1%).

HOME MARKET: +4.6%

In January 2022, the industrial producer prices for the home market rose strongly over a month (+4.6% after +1.3%). They continued to be driven up by the prices of mining and quarrying products, energy and water (+9.8% after +4.3%), while those of manufactured products accelerated strongly (+2.4% after +0.1%). Over a year, the industrial producer prices for the home market sped up in January 2022: +22.2% (after +18.0% in December 2021).

Strong rise of prices of mining and quarrying products, energy and water

In January 2022, the prices of mining and quarrying products, energy and water accelerated strongly over a month (+9.8% after +4.3%). The electricity production and trade prices (+16.1% over a month after +6.8%) were driven up by the unprecedented rise of prices on the wholesale market. Partly contained by the freezing of regulated tariffs, those of trade services of gas through mains were up by 8.9% over a month (after +2.9%). Year on year, the rise of prices of mining and quarrying products, energy and water carried on the strong acceleration that started at the beginning of 2021: +53.2% in January 2022 (after +42.9% in December 2021 and +39.6% in November 2021).

Strong increase of the “other industrial products” prices

The prices of the “other industrial products” accelerated strongly in January 2022 over a month (+2.1% after after +0.4%), due to increases in raw material and energy costs. Prices rose for all divisions, notably basic metals (+8.1% after +0.5%), chemicals and chemical products (+2.0% after +0.5%) and other non-metallic mineral products (+3.3% after +0.5%). Year on year, the prices of the “other industrial products” remained on a strong upward trend: +13.2% in January 2022 (after +11.7% in December 2021).

Rebound of refined petroleum product prices

In the wake of crude oil prices, the prices of refined petroleum products bounced back sharply over a month in January 2022 (+16.2% after –5.6%). Over a year, they accelerated (+75.4% after +65.5% in the previous month).

French Producer Price Indices of coke and refined petroleum products sold on the home market

French Producer Price Indices of coke and refined petroleum products sold on the home market
Producer price indices of coke and refined petroleum products sold on the French market
2022-01 158.2
2021-12 136.2
2021-11 144.3
2021-10 146.9
2021-09 128.7
2021-08 124.1
2021-07 123.1
2021-06 118.0
2021-05 109.6
2021-04 106.1
2021-03 107.0
2021-02 100.6
2021-01 90.2
2020-12 82.3
2020-11 72.9
2020-10 70.9
2020-09 70.8
2020-08 76.5
2020-07 78.9
2020-06 72.5
2020-05 57.0
2020-04 46.4
2020-03 70.0
2020-02 107.7
2020-01 117.8
2019-12 119.6
2019-11 117.0
2019-10 117.6
2019-09 121.5
2019-08 115.7
2019-07 122.3
2019-06 117.5
2019-05 131.3
2019-04 130.7
2019-03 123.3
2019-02 118.8
2019-01 109.4
2018-12 109.3
2018-11 125.8
2018-10 142.7
2018-09 136.5
2018-08 133.2
2018-07 131.4
2018-06 130.2
2018-05 132.1
2018-04 121.8
2018-03 111.3
2018-02 109.2
2018-01 116.1
2017-12 110.9
2017-11 111.1
2017-10 103.2
2017-09 101.8
2017-08 95.1
2017-07 92.1
2017-06 89.7
2017-05 97.1
2017-04 104.7
2017-03 101.4
2017-02 108.1
2017-01 107.1
2016-12 105.7
2016-11 91.7
2016-10 97.0
2016-09 87.6
2016-08 85.2
2016-07 85.3
2016-06 91.9
2016-05 88.1
2016-04 78.5
2016-03 75.5
2016-02 65.6
2016-01 65.9
2015-12 74.5
2015-11 89.4
2015-10 89.1
2015-09 91.3
2015-08 92.8
2015-07 107.6
2015-06 115.6
2015-05 117.9
2015-04 113.8
2015-03 110.2
2015-02 106.6
2015-01 91.2

French Producer Price Indices of coke and refined petroleum products sold on the home market

  • Source: INSEE.

Rise of food and beverage prices

In January 2022, the food and beverage prices accelerated over a month (+1.2% after +0.6%), passing on increases in raw material prices, as well as tensions in some markets. Year on year, they rose by 5.5% (after +4.0%).

Rise of the prices of electrical, computer and electronic equipment and machinery

In January 2022, the prices of electrical, computer and electronic equipment and machinery sped up over a month (+1.2% after +0.6%), driven up mainly by those of electrical equipment (+2.6% after +0.4%). Year on year, they accelerated (+5.4% after +4.3%).

Rise of transport equipment prices

In January 2022, the prices of transport equipment decelerated slightly over a month (+0.5% after +0.6%). Over a year, they went up by 4.5% (after +4.3%).

French Producer Price Indices of manufactured products sold on the home market

French Producer Price Indices of manufactured products sold on the home market
C1 C3 C4 C5
2022-01 107.7 107.9 110.1 115.6
2021-12 106.4 106.6 109.6 113.2
2021-11 105.8 106.0 108.9 112.7
2021-10 105.0 105.6 108.3 111.6
2021-09 104.5 105.1 107.6 110.2
2021-08 104.3 104.5 107.2 109.3
2021-07 104.4 104.3 107.0 108.3
2021-06 104.1 103.7 106.5 106.8
2021-05 104.1 103.1 106.2 105.9
2021-04 103.5 103.0 105.9 105.1
2021-03 103.0 103.0 105.7 103.9
2021-02 102.2 102.6 105.6 103.1
2021-01 102.1 102.4 105.4 102.1
2020-12 102.3 102.2 105.1 101.3
2020-11 101.8 102.0 105.0 100.8
2020-10 101.8 102.2 104.6 100.8
2020-09 101.3 102.2 104.2 100.7
2020-08 101.4 102.0 103.9 100.7
2020-07 101.6 101.9 103.7 100.7
2020-06 101.6 102.0 103.7 100.7
2020-05 101.7 102.1 103.2 100.4
2020-04 102.0 101.9 103.1 100.7
2020-03 102.3 102.0 102.9 101.1
2020-02 102.2 102.3 102.9 101.6
2020-01 102.2 102.0 102.8 101.8
2019-12 102.5 101.8 102.7 101.9
2019-11 102.1 101.8 102.3 102.0
2019-10 101.8 101.8 102.1 102.3
2019-09 101.5 101.7 101.7 102.5
2019-08 101.6 101.4 101.6 102.6
2019-07 101.5 101.3 101.6 102.6
2019-06 101.3 101.3 101.4 102.8
2019-05 101.1 101.3 101.3 103.1
2019-04 101.0 101.5 101.2 103.1
2019-03 100.9 101.3 101.1 103.0
2019-02 101.2 101.3 101.0 102.8
2019-01 101.2 101.4 100.9 102.7
2018-12 101.4 101.0 101.0 102.6
2018-11 101.1 101.0 100.9 102.9
2018-10 100.7 100.8 100.7 103.0
2018-09 100.7 100.9 100.5 103.1
2018-08 100.6 100.9 100.6 103.0
2018-07 100.4 100.7 100.6 102.9
2018-06 100.1 100.9 100.6 102.8
2018-05 100.2 100.8 100.5 102.7
2018-04 100.1 100.6 100.6 102.2
2018-03 100.4 100.5 100.6 102.1
2018-02 100.1 100.3 100.5 101.9
2018-01 100.0 100.7 100.5 101.6
2017-12 100.4 100.1 100.6 101.1
2017-11 100.3 100.0 100.6 100.9
2017-10 100.4 99.8 100.4 101.0
2017-09 100.5 99.7 100.4 100.7
2017-08 100.6 99.7 100.4 100.5
2017-07 100.4 99.8 100.3 100.4
2017-06 100.4 99.9 100.3 100.7
2017-05 100.1 99.8 100.3 100.8
2017-04 100.1 99.9 100.2 100.7
2017-03 99.8 100.0 100.1 100.4
2017-02 99.6 99.9 100.1 100.1
2017-01 99.2 100.1 100.1 99.6
2016-12 99.2 99.4 100.1 99.0
2016-11 99.2 99.5 100.0 98.8
2016-10 99.1 99.6 100.0 98.7
2016-09 98.8 99.7 99.9 98.5
2016-08 98.8 99.7 99.9 98.5
2016-07 98.9 99.6 100.0 98.6
2016-06 98.5 99.9 100.0 98.6
2016-05 98.4 99.6 100.1 98.3
2016-04 98.5 99.6 100.1 98.0
2016-03 98.6 99.7 100.1 97.9
2016-02 99.1 99.5 100.1 98.1
2016-01 99.3 99.7 100.2 98.4
2015-12 99.7 99.9 100.1 98.8
2015-11 99.9 100.0 100.4 99.0
2015-10 100.2 100.0 100.3 99.2
2015-09 100.3 99.7 100.1 99.6
2015-08 100.5 99.6 100.0 100.2
2015-07 100.2 100.0 99.8 100.8
2015-06 99.9 100.0 99.8 100.8
2015-05 99.9 100.0 99.9 100.8
2015-04 99.9 100.2 99.9 100.6
2015-03 99.8 100.2 99.9 100.2
2015-02 99.9 100.2 99.9 99.9
2015-01 99.8 100.2 99.9 100.0

French Producer Price Indices of manufactured products sold on the home market

  • Source: INSEE

FOREIGN MARKETS: +1.5%

In January 2022, the industrial producer prices for the foreign markets accelerated over a month (+1.5% after +1.1%), due to the strong rise of manufactured product prices (+2.2% after +0.5%), while those of electricity fell back slightly. Over a year, the industrial producer prices for the foreign markets rose by 14.9% (after +14.8%).

The prices of the “other industrial products” accelerated strongly over a month (+3.0% after +1.0%). Those of basic metals returned to a sharp upward trend (+7.5% after –0.1%) and those of chemicals and chemical products kept rising strongly (+3.5% after +2.8%). Year on year, the prices of the “other industrial products” accelerated (+16.1% after +14.8% in the previous month).

In the wake of crude oil prices, the prices of refined petroleum products bounced back sharply over a month (+12.0% after –6.0%) and remained on a strong upward trend over a year (+63.6% after +67.3%).

Transport equipment prices rose by 0.7% over a month (after +0.6%) and by 2.9% over a year (after +2.8%).

At last, the prices of food and beverages accelerated over a month (+2.0% after +0.7%) and over a year (+8.4% after +6.2%), as did those of electrical, computer and electronic equipment and machinery (+0.9% after +0.4% over a month; +4.3% after +3.3% over a year).

French Producer Price Indices in industry according to the market where the products are sold

reference year: 2015
French Producer Price Indices in industry according to the market where the products are sold (reference year: 2015)
Change in %
Levels A 10 and A 17 in CPF rev. 2 Weight Jan. 22 In 1 month In 1 year
Home market
BE: TOTAL INDUSTRY 1000 127.3 4.6 22.2
(DE) Mining and quarrying, energy, water 233 172.0 9.8 53.2
CZ: Manufactured products 767 114.0 2.4 11.9
  (C1) Food products, beverages, tobacco 199 107.7 1.2 5.5
  (C2) Coke and refined petroleum products 36 158.2 16.2 75.4
  (C3) Electrical & electronic equip., computers, mach. 74 107.9 1.2 5.4
  (C4) Transport equipment 99 110.1 0.5 4.5
  (C5) Other manufactured products 359 115.6 2.1 13.2
Foreign markets
BE: TOTAL INDUSTRY 1000 117.9 1.5 14.9
CZ: Manufactured products 980 112.3 2.2 10.4
  (C1) Food products, beverages, tobacco 95 109.3 2.0 8.4
  (C2) Coke and refined petroleum products 21 151.2 12.0 63.6
  (C3) Electrical & electronic equip., computers, mach. 136 104.7 0.9 4.3
  (C4) Transport equipment 306 109.2 0.7 2.9
  (C5) Other manufactured products 422 116.0 3.0 16.1
All markets
BE: TOTAL INDUSTRY 1000 124.7 3.7 20.1
CZ: Manufactured products 829 113.5 2.3 11.4
  (C1) Food products, beverages, tobacco 169 108.0 1.3 5.9
  (C2) Coke and refined petroleum products 31 156.3 15.4 73.1
  (C3) Electrical & electronic equip., computers, mach. 92 106.5 1.0 4.9
  (C4) Transport equipment 159 109.4 0.6 3.6
  (C5) Other manufactured products 378 115.7 2.4 14.1
  • Source: INSEE.

Import prices of industrial products: +4.3%

In January 2022, the import prices of industrial products reached unprecedented rises, according to the series available since January 2005: +4.3% over a month (after +1.8%) and +26.9% over a year (after +23.7%). Prices accelerated strongly, especially those of unrefined hydrocarbons (natural gas and crude oil) and those of manufactured products (+2.2% after +0.1% in the previous month).

The prices of the “other industrial products” accelerated sharply over a month (+1.7% after +0.6%), especially those of chemicals and chemical products (+3.0% after +1.0%) and of basic metals (+4.2% after +1.1%). Year on year, the prices of the “other industrial products” were up by 15.8% (as in the previous month).

The prices of coke and refined petroleum products bounced back over a month (+14.4% after –4.5%) and accelerated over a year (+71.5% after +62.5%).

The prices of transport equipment also bounced back over a month (+1.6% after –0.5%), notably those of motor vehicles (+1.6% after –0.2%). Over a year, they accelerated sharply (+3.2% after +1.2%).

At last, the prices of electrical, computer and electronic equipment and machinery sped up over a month (+0.8% after +0.4%) and over a year (+4.7% after +4.0%), as did those of food, beverages and tobacco (+1.8% after +0.9% over a month; +8.5% after +7.1% over a year).

Import prices of industrial products

reference year: 2015
Import prices of industrial products (reference year: 2015)
Change in %
Levels A 10 and A 17 in CPF rev. 2 Weight Jan. 22 In 1 month In 1 year
BE: TOTAL INDUSTRY 1000 127.3 4.3 26.9
CZ: Manufactured products s 112.7 2.2 12.0
  (C1) Food products, beverages, tobacco 73 112.1 1.8 8.5
  (C2) Coke and refined petroleum products 40 144.2 14.4 71.5
  (C3) Electrical & electronic equip., computers, mach. 225 103.1 0.8 4.7
  (C4) Transport equipment 188 105.5 1.6 3.2
  (C5) Other manufactured products s 117.8 1.7 15.8
  • s: confidential
  • Source: INSEE.

The monthly variation of the producer price index in industry in December 2021 has been revised upwards by 0.2 points: it now stands at +1.3%

Revision of variations

In %
Revision of variations (In %)
Oct.21 / Sept. 21 Nov.21 / Oct. 21 Dec.21 / Nov.21
French producer prices in industry sold on:
  - the home market // // +0.3
  - the foreign markets -0.2 // +0.1
  - all markets -0.1 +0.1 +0.2
Import prices of industrial products // // +0.2
  • (1) How to read it: the variation of the producer price index in industry for products sold on the home market between November 2021 and December 2021 has been revised by +0.3 points: published in January 2022 at +1.0%, it has been updated to +1.3%.

For further information

Definition

The producer price indices in industry measure the change of producer prices of goods and services, linked to a given industrial activity and sold on the home market or on the foreign markets.

The import price indices of industrial products measure the change of transaction prices of goods and services purchased by economic agents established on French territory to non-resident agents.

Calculation method

They are calculated on the basis of the results of the survey « Observation of prices in industry and services » (Opise), which is operated by INSEE.

The methodological documentation is available at the following address: https://www.insee.fr/en/metadonnees/source/indicateur/p1639/description

Next publication: 31 March 2022 at 8.45 a.m.

Documentation

Simplified methodology note (pdf,75 Ko)

Producer and Import Price Index in Industry

Insee Méthodes n°140 - September 2021 "Producer Price Indices"

Aggregated classification - NA, 2008

French classification of products - CPF Rev. 2.1, 2015

Pour en savoir plus

Definition

The producer price indices in industry measure the change of producer prices of goods and services, linked to a given industrial activity and sold on the home market or on the foreign markets.

The import price indices of industrial products measure the change of transaction prices of goods and services purchased by economic agents established on French territory to non-resident agents.

Calculation method

They are calculated on the basis of the results of the survey « Observation of prices in industry and services » (Opise), which is operated by INSEE.

The methodological documentation is available at the following address: https://www.insee.fr/en/metadonnees/source/indicateur/p1639/description

Next publication: 31 March 2022 at 8.45 a.m.

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Time series : Industrial Producer and Import Price Indices

Insee Méthodes n°140 - September 2021 "Producer Price Indices"