Source:Insee

3 JANUARY 2012

PRODUCER PRICES remained inflationary, up +0.4% (+0.5% in October) month-on-month, a trend initiated from September, while by contrast overall external markets prices stabilized at +0.2%. Domestic extractive industries, electricity and waste producer prices moved down to +0.5% (from October +3.5%spike) but manufactured products increased 0.4% unlike external markets where they remained unchanged since industrial raw materials prices had declined -2.8% on the same period. Domestic food producer prices stayed stable or +0.1% equally to external markets. Coke and refinery producer prices jumped +3.4% (+0.4% in October) nearly equally to external markets +3.6% gain due to Brent crude oil prices per barrel +3.3% increase expressed in Euro, and +2.1% in currency.

Electric-electronic equipment producer prices steadied for the second consecutive month along with transport equipment and other industrial products prices.

In one year, overall domestic producer prices grew +5.6% due to extractive industries +7.5% price hike while external markets' rose +2.9%. With the exception of domestic electric-electronic equipment producer prices +1.9% increase nearly equal to external markets +1.8%, prices overwhelmingly shot up: food prices increased +5.4%,  few notches below external markets +5.9%.

Inversely, domestic coke and refinery producer prices climbed +27.1% compared with +25.2% on external markets, while Brent crude oil per barrel had soared  +29.9% on the same period. Transport equipment +2.8% price rise added to the index inflationary trend compared with external markets +0.5% gain. Other industrial products +2.4% price tag hike also remained well above external markets +1.9%. Overall import prices (excluding tax) rose +7.9% pushed up by manufactured products +3.9%,food products +7.2%, and other industrial products +3.9%. Coke and refinery prices were up +26.1%, transport equipment +0.9%, and electric-electronic equipment -1.6%