Source:Insee

1 JUNE 2011

PRODUCER Prices rose for the seventh consecutive month in April, a +0.8% increase and nearly threefold external markets +0.3% price rise due to extractive industries-energy and water +2.1% price spike. Coke and refinery producer prices climbed +2.4% on the same month-on-month period whereas external markets' jumped +4.7% due to inflationary impacts brought about by energy dependency upon crude oil prices +7.9% swing at a monthly average USD 123.6

Domestic manufactured products producer prices by contrast moved down by half to +0.5%, and equally on external markets +0.4% due to slow consumer demand. Food products producer prices including tobacco  took a similar trend and were down to +0.8% thanks to lower agricultural commodities prices. External markets recorded +0.7% price rise.

Electric-electronic equipment-IT and machinery producer prices dipped -0.4%,  at import prices levels equally to external markets as lesser industrial demand kept prices subdued. Transport equipment producer prices turned positive and surged +0.4%, twice import prices +0.2% rise, while external markets prices stayed unchanged for the second consecutive month. Other industrial producer prices grew +0.2% equally to external markets and import producer prices.

In one year, domestic producer prices shoot up +6.4%, compared with +4.3% n external markets while import prices leaped +9.2%. National producers' profit margin was uneven on the same period and per sector: coke and refinery import prices were up +29.1% and domestic producer prices +31.2% due to higher refinery costs compared with +26.1% on external markets. Manufactured products imports prices were up +5.6%, on the domestic market +6.4% and on external markets +4%.

Domestic food products prices including tobacco rose +6.9% compared with +8.9% on external markets and despite higher domestic tobacco taxes while imports prices were up +10.3%. Electric-electronic equipment-IT and machinery domestic producer prices grew +1.5%, +0.6% on external markets and stayed unchanged for import prices.

Transport equipment import prices were up +1%, +1.1% on the domestic market and +0.6% on external markets. Other industrial producer prices increases on the same period recorded the biggest price spread as import prices were up +5.9% compared with +4.2% on external markets and +3.6% on the domestic market.