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Producer prices in industry

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National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: [FR1] National Institute of Statistics and Economic Studies (INSEE) (France)

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Name of indicator : 

Producer Price Indices (PPI) in industry.

Source of data :

Producer Price Indices in industry are the results of the survey named « Observation of Prices in Industry and SErvices (OPISE) »

Scope of indices : 

The three main indicators calculated are the following :

  • The industrial producer price indices for the French market : they measure the development of transaction prices of goods and services that come from French industrial activities and are sold on the French market. The measurement is conducted at "basic prices" (output prices of the activity) and at "market prices" (purchaser's price of the product)
  • The industrial producer price indices for foreign markets : they track the development of transaction prices (converted to euros, therefore including exchange effects) of goods and services from the French industry activity sold on foreign markets. Thus, what is involved here is "exported production" rather than "exports" which also include re-exports or intermediations by traders
  • The combination of the two indices above determines the industrial producer price indices for all markets (French market and foreign markets).

15 June 2026

List and definition of variables :

Producer prices exclude VAT and taxes on the products, but include discounts.

They are consistent with turnover of firms by products.

Intra-group transaction prices are included in the survey scope.

The PPI are calculated with the same technique (and rely generally on the same sample) for domestic and non-domestic markets.

Field surveyors regularly contact firms in order to define elementary products that will be followed by the OPISE survey. The selected products are representative of a product family. In practice, they are generally the products with the biggest turnover within each family.

Planned changes in information collected : None.

Accounting conventions : The reported price usually corresponds to the average price of the product sold over one calendar month.In principle, only series whose response rate to the OPISE survey or Consumer Price Indices
exceed 50% are disseminated.

Reporting unit: Firms. Sometimes several departments of a single firm (according to its organization) or a head office of a group for its affiliates.

Observation unit(s): Representative products (CPA 4-digit) sold by firms.

The statistical population is defined by Structural Business Statistics: 377,000 legal units for total industry (sections B to E) for 2024, representing a turnover of about 1,3 billion euros.

The survey covers French economic territory, including Corsica and overseas departments (Guadeloupe, French Guyana, Martinique, Mayotte and Réunion). Conversely, overseas territories (New Caledonia, French Polynesia, Saint Pierre and Miquelon, Wallis and Futuna) are excluded.

The periodicity is monthly

The main sources of error are the following ones:

  • non probability-sampling error (a "cut-off" technique is used)
  • aggregation of indices based on too few representative products
  • misunderstandings concerning price questionnaires
  • non-response
  • errors in data processing
  • handling of quality changes in products
  • handling of new products entering and old ones exiting from the market
  • measurement difficulties in unique/one-off products
  • uncertainty of imputation models

The revision of "total industry" production price indices is rarely higher than 0.2% a month in absolute terms. No bias on revisions has been observed.

Indices (reference 100 in 2021) on prices expressed in euros.

Estimates for quality change linked with new products:

Many techniques are used, depending on the context:

  • Monthly overlap whenever possible;
  • Imputation of the average price change in the series (by default);
  • Prices kept constant (for tariffs preferably);
  • Imputation of the average price change for the same respondent;
  • Selection of another product from the same respondent;
  • Selection of a similar product from another respondent;
  • Imputation of the price change of the main raw material.

When a product disappears, the firm is contacted in order to supply data for a new one.

Estimates for grossing-up to population levels: None.

Type of index: Chain-linked Laspeyres indices in reference 100 in 2021 (annual average), from CPA 4 digit upwards.

Method of weighting and chaining: The weights are proportional to the production (sold) on the relevant market. This information is obtained from national accounts at aggregated levels and from the structural business statistical survey (SBS) at CPA 4-digits. Below CPA 4-digit level, the aggregation is made according to the information gathered by the field surveyors.

Type of source: OPISE statistical survey, monthly in industry.

Frame on which the source is based: The (annual) structural business survey of firms (SBS) is used. In France, the EAP survey combines SBS and Prodcom purposes. The customs data are also used in order to improve the selection of firms and products sold on foreign markets.

Sample or census: A two-stage sample is drawn: the first stage selects firms, the second one chooses representative products among the output of firms (with a contact between the field surveyors and the firm).

Criteria for stratification: The largest firms are selected until at least 40% and most often 60% of the commodity-group total turnover is covered (cut-off technique). Units that do not fall within these criteria might be selected to obtain a better coverage of a particular product family, especially when previously selected units seem misclassified. The choice of the products is made by field surveyors during the contact with the selected units. In agreement with the contact person inside the firm, a selection of representative products is made.

Threshold values and percentages: Production units with a turnover less than EUR 3 millions are generally excluded from the survey. Approximately 3,800 firms are surveyed for PPI in industry. About 24,000 representative products are recorded in the database.

Frequency of updating the sample: Approximatively every 5 years, for each covered CPA class (4-digit level).

Monthly.

Timeliness: Indices are released near the 30th of the month following the reference month. They are provisional for three months. All markets, fine details and aggregates are available on same time.

Timetable of data collection: Questionnaires for month M prices are sent at the end of month M. The response is to be made before the 10th of M+1. For internet respondents, if they do not complete the questionnaire, they can receive up to two reminder e-mails. The first is around the 10 of M+1. If they still do not answer, the second is sent to them around the 20 of M+1. For paper respondents, only one follow-up letter is sent around the 15 of M+1. If necessary, a follow-up call can be made until the deadline.

Overseas departments are included in French economic territory, whereas the other overseas territories are excluded.

PPI are aggregated and chain-linked since January 2005. Before, they have been backcasted with the help of PPI in base and reference 2005, with a fixed base technique, relying on weights of year 2005.