• France industrial producer prices rose in June

Market news

29 July 2021

France industrial producer prices rose in June

According to the report from Insee, in June 2021, the industrial producer prices accelerated over a month (+1.0% after +0.4%), both on the home market (+1.1% after +0.4%) and the foreign markets (+1.0% after +0.3%). Year on year, they kept rising strongly (+7.1% after +6.7%), as a consequence of the low prices observed in the spring of 2020 in connection with the health crisis, but also as a result of the recent surges in some raw material prices due to the economic recovery.

The industrial producer prices for the home market rose by 1.1% in June 2021 (after +0.4%), driven up equally by those of manufactured products (+0.8% after +0.7%) and those of mining and quarrying products, energy and water. Year on year, they rose by 7.5% in June 2021 (after +7.2%).

In June 2021, the prices of mining and quarrying products, energy and water rose by 2.3% over a month (after –0.6%). Electricity production and trade prices bounced back (+2.2% after –3.5%), while those of trade services of gas through mains kept rising sharply (+6.8% after +6.9%), following the upward adjustment of regulated tariffs. Year on year, the prices of mining and quarrying products, energy and water rose by 12.8% (after +10.7%).

In the wake of crude oil prices, the prices of refined petroleum products sped up (+7.7% over a month in June 2021, after +3.3%). Over a year, they slowed down but continued to rise sharply (+62.8% after +92.3%).

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