French PPI rises at dynamic pace in Oct, driven by increase in petroleum and other energy products

French producer prices posted a rise of 0.8 percent in October, at a more dynamic pace compared to a 0.3 percent rise in the previous month. Increase in the prices of petroleum and other energy products was seen as the main driver. On year, producer prices fell 0.8 percent.

Details of the report showed that the prices of refined petroleum products were up significantly to +10.7 percent in October after rising 2.8 percent in September and −0.1 percent in August.

Producer prices of French industrial products sold on foreign markets continued to rise 0.8 percent in October from a 0.4 percent rise seen in September. Increases were concentrated in energy and refined petroleum products and, to a lesser extent, in foodstuffs. Year over year, the decline in export prices eased  to −0.4 percent from −1.2 percent in September.