French industrial producer prices rise again in November

French industrial producer prices rose again in November. Prices rose 1.1 percent sequentially, after rising 0.2 percent in the prior month. The rise was driven by prices of mining and quarrying products, energy and water. Meanwhile, manufactured product prices stabilized after falling 0.2 percent in the prior month. On a year-on-year basis, French producer prices continued to fall, declining 0.8 percent in November after falling 1.3 percent in the prior month.

The prices of mining and quarrying products, energy and water rose strongly by 4.7 percent sequentially, driven by a seasonal rise in producer prices of electricity, gas, steam and air conditioning. On a year-on-year basis, the fall in prices of mining and quarrying products, energy and water strengthened in November, falling 1.8 percent after a fall of 1.4 percent in the prior month.

Meanwhile, the prices of “other industrial products” dropped 0.2 percent sequentially, in November and 0.8 percent year-on-year. The prices of food and beverage rose 0.3 percent sequentially in November, the same as in October. On a year-on-year basis, food and beverage prices rose 1 percent.

The prices of refined petroleum products continued to fall in November, declining 0.6 percent sequentially. On a year-on-year basis, the prices fell 7 percent, a deceleration in the pace of decline from 17.5 percent fall seen in the prior month.

The producer prices of French industrial products on foreign markets rose 0.2 percent. Manufactured export prices steadied in the month. On a year-on-year basis, the producer prices of French industrial products on foreign markets stabilized in November.