French Producer Prices Decline Further In July

Corrects typo in headline

French producer prices continued the decreasing trend in July, figures from the statistical office INSEE revealed Friday.

Producer prices for the French market fell 1.6 percent year-over-year in July, but slower than previous month’s 1.9 percent drop.

On a monthly basis, producer prices in the domestic market edged down 0.1 percent in July, reversing a 0.1 percent rise in June.

The decline in prices for refined petroleum products was offset by the rise in prices for mining and quarrying products, energy, water and food products, the agency said.

The producer price index for all markets showed no variations in July after a 0.1 percent climb seen in the preceding month. At the same time foreign market prices increased by 0.1 percent.

Import prices dipped 4.4 percent annually and dropped 1.0 percent monthly in July.

The material has been provided by InstaForex Company – www.instaforex.com

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