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2026-05-28 15:28:20
[French Producer Prices Fall 2.1% Month-on-Month in April, Largest Drop in a Year] ⑴ French producer prices fell 2.1% month-on-month in April, reversing a revised 1.9% increase in March and marking the largest drop since April of last year. ⑵ The decline was mainly driven by sharp drops in mining, quarrying, energy, and water prices (down 10.9%, compared to a 0.7% increase in March), due to a significant drop in electricity prices (down 22.1%, compared to a 0.2% decrease in March), influenced by lower wholesale market prices, increased renewable energy generation, and weak demand related to mild weather. ⑶ This was partially offset by a rise in natural gas prices (up 6.5%, compared to a 2.4% increase in March), attributed to the conflict in the Middle East. ⑷ Meanwhile, the growth in manufactured goods prices slowed significantly (up 0.7%, compared to a 2.3% increase in March), with declines in food, beverages, and tobacco prices (down 0.3%, compared to a 0.2% increase in March). Prices for coke and refined petroleum products also slowed significantly (up 4.1%, compared to 53.1% in March), as oil prices retreated in April after surging in March. (5) On an annualized basis, domestic producer prices jumped 2.1%, the largest increase since June 2023, after remaining flat in March.
