France Producer Price Inflation MoM2022 Data | 2023 Forecast | 1995-2021 Historical

Producer prices in France increased 1% mom in December of 2021, following an upwardly revised 3.9% jump in November which was a record rise. Cost of mining and quarrying and energy increased 3.5% but much less than a 12.7% jump in November, mainly due to electricity and trade services of gas through mains as regulated tariffs were frozen. Also, cost of manufactured products stalled as a 6.9% drop in prices of coke and refined petroleum offset the increases in cost of transport equipment (0.6%), electrical, computer and electronic equipment and machinery (0.4%) and foods and beverages (0.6%). Year-on-year, producer prices went up 17.7%, slightly below a record of 17.9% in November.

Industrial producer prices in the French domestic market hiked 3.5 percent month-over-month in November of 2021, quickening from a 2.9 percent gain in October and beating market expectations of 2.5 percent. It was the steepest increase in the series history, bolstered by prices of mining and quarrying products, and utilities (11.6 percent vs 7.2 percent in October), due to the switch of electricity charges to the winter rate, whilst natural gas prices continued to rise significantly as tight international supplies more than offset the freezing of regulated tariffs. Conversely, price increases slowed for manufactured products (0.5 percent vs 1.5 percent) and other industrial products (1.0 percent vs 1.1 percent). On an annual basis, producer inflation hiked a record 17.4 percent, following an upwardly revised 15.2 percent hike in October.

Industrial producer prices in the French domestic market rose 2.9 percent month-over-month in October of 2021, quickening from a 1.7 percent gain in September, the steepest increase in the series history. Main upward pressure came from prices of refined petroleum products (14.7 percent vs 3.4 percent in September), which reached their highest level since January of 2014. A strong contribution also came from prices of mining and quarrying products, and utilities (6.6 percent vs 5.0 percent), as natural gas prices soared amid higher regulated tariffs and a tight international market, spilling over to prices of steam and air conditioning supply. In addition, prices went up at a faster pace for manufactured products (1.5 percent vs 0.7 percent) and other industrial products (1.1 percent vs 0.7 percent). On an annual basis, producer inflation rose to a record pace of 14.9 percent, following an 11.6 percent hike in September.