French Producer Prices Fall at Softer Pace

French domestic producer prices fell 0.3% month-on-month in May 2026, following a revised 2.0% decline in April. Prices for mining, quarrying, energy, and water declined 1.2%, moderating from an 11.0% plunge in April as electricity prices fell at a slower pace (-2.7% vs. -22.4%) following April's seasonal decline. Meanwhile, manufactured goods prices were unchanged after a 1.0% increase in April. Prices for coke and refined petroleum products dropped 7.3%, reversing a 7.8% gain as global oil prices declined after easing from their March spike. Costs for other industrial products continued to rise (0.8%), driven by higher plastic product prices, while food prices edged up 0.2%, rebounding from a 0.2% decline. Costs for transport equipment were flat, while electronic and machinery equipment prices rose a modest 0.1%. On a yearly basis, producer prices rose 3.0% in May, accelerating from a 2.3% increase in April and marking the strongest increase since May 2023.

French domestic producer prices fell 2.1% month-on-month in April 2026, reversing a revised 1.9% increase in March and marking the steepest decline since April last year. The drop was largely driven by a sharp decline in prices for mining, quarrying, energy, and water (-10.9% vs 0.7% in March), mainly due to a steep fall in electricity prices (-22.1% vs -0.2%) amid lower wholesale market prices, stronger renewable energy production, and weaker demand linked to mild temperatures. This was partially offset by a pickup in gas prices (6.5% vs 2.4%), attributed to the Middle East conflict. Meanwhile, price growth for manufactured products slowed sharply (0.7% vs 2.3%), as food products, beverages, and tobacco declined (-0.3% vs 0.2%). Prices for coke and refined petroleum products also decelerated markedly (4.1% vs 53.1%), as oil prices eased in April following the March spike. On an annual basis, domestic producer prices jumped 2.1%, the most since June 2023, after being flat in March.

French domestic producer prices increased 2% month-on-month in March 2026, the highest level in four months, following an upwardly revised 0.3% fall in February. Prices for manufactured goods accelerated (2.4% vs 0.4% in February), largely driven by a surge in prices of coke and refined petroleum products (56.8% vs 9.8%), amid the conflict in the Middle East that led to a near-closure of the Strait of Hormuz. Prices for food, beverages, and tobacco (0.2% vs -0.2%) and for electronic equipment and machinery (0.2% vs -0.2%) also rebounded slightly. In addition, costs for mining, quarrying, energy, and water rose again (0.7% vs -2.2%), mainly due to higher gas prices (3.1% vs 0.1%). On a yearly basis, domestic producer prices edged up 0.2%, after declining 2.4% in the previous month, as prices for manufactured products increased faster (2.7% vs 0%), while costs for mining, quarrying, energy, and water dropped at a slower pace (-6.8% vs -8.9%).