French industrial producer prices down 0.8% MoM, 4.4% YoY in Jan 2024

Over a year, such prices fell again by 4.4 per cent in January after a 2-per cent drop in December last year.

Producer prices for products sold on the home market dropped by 1.3 per cent MoM during the month after a 0.1-per cent fall in the previous month. Over a year, the same fell again by 5.1 per cent during the month after a 1.3-per cent drop in the preceding month. However, they were 30 per cent above their 2021 average level. Prices of manufactured products were stable MoM.

Producer prices for products intended for foreign markets, however, rose by 0.5 per cent MoM after a 1-per cent drop in the previous month. Over a year, the same went down for the tenth consecutive month by 2.2 per cent after a 4.1-per cent drop in the previous month. They stood 14 per cent above their 2021 average level. Prices of manufactured products rose MoM, but at a more moderate pace of 0.3 per cent after a 0.4-per cent drop in December 2023.

Excluding energy, the producer prices in the French industry were almost unchanged over a month and fell back over a year, an INSEE release said.

The import prices of industrial products were stable over a month in January. Over a year, such prices kept falling for the eleventh consecutive month in January 2024, dropping by 5 per cent after a 7.2-per cent fall in December. However, they were 13 per cent above their 2021 average level.

ALCHEMPro News Desk (DS)