France producer prices dropped 0.2 percent in May

Nathan Andrada – Fourth Estate Cooperative Contributor

Paris, France (4E) – Producer prices in France fell in May declined from the previous year, according to data from the Statistical Office Insee released Friday.

Domestic market producer prices were down 0.2 percent in May year-on-year. Prices dropped 0.9 percent in April.

Producer prices slid 0.5 percent in May month-on-month, worse than the 2 percent decline in April. Prices dropped for the third consecutive month. Utility costs were down 3.2 percent, after the previous month’s 1.6 percent slump.

Prices of electricity fell 1.7 percent, compared with a 1.5 percent drop in the previous month. Food prices declined 0.1 percent, partially a reversal of the 0.5 percent increase in April.

Total producer prices fell 0.4 percent in May on a monthly basis, after dropping 0.1 percent April. Annually, prices dropped 0.4 percent.

On a monthly basis, producer prices in the foreign market remained unchanged in May, after a gain of 0.1 percent in April. Month-on-month, the import price index was down 0.1 percent. Import prices fell 2 percent from the previous year.

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