Industrial producer prices for products sold on the French market rose by 0.4 percent from the prior month in October 2018, the same as in September. The increase is mainly due to higher prices of refined petroleum products in the wake of oil price (4.5% vs 2.5% in September). Meanwhile, those for mining & quarrying products, energy and water slowed a bit (0.8% vs 1.1%), as higher gas prices (3.9% vs 3.5%), following the new revaluation of regulated tariffs were offset by easing cost of electricity (0.6% vs 1.0%). Also, food and beverages prices were virtually stable (at 0.1 percent). Year-on-year, French producer prices in industry for the French market went up by 3.9%, this rise has been the sharpest one since January 2017. Producer Prices in France averaged 99.94 Index Points from 2015 until 2018, reaching an all time high of 103.90 Index Points in October of 2018 and a record low of 96.50 Index Points in April of 2016.
Producer Prices in France is expected to be 106.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices in France to stand at 105.57 in 12 months time. In the long-term, the France Producer Prices is projected to trend around 118.00 Index Points in 2020, according to our econometric models.