France Producer Prices

Industrial producer prices in the French domestic market advanced 1.7 percent from a month earlier in September of 2021, quickening from a 1.0 percent gain in August. Main upward pressure came from prices of mining and quarrying products, and utilities (4.8 percent vs 2.7 percent in August), on the back of higher electricity charges and prices of natural gas due to increases in regulated tariffs and tightening supplies. Strong inflationary pressure was also observed in refined petroleum products, tracking rallying prices of oil (3.3 percent vs 0.4 percent). In addition, prices went up at a faster pace for manufactured products (0.6 percent vs 0.5 percent); for computers, electronic and electric equipment (0.4 percent vs 0.1 percent); and transport equipment (0.4 percent vs 0.1 percent). On an annual basis, industrial producer prices jumped at a record 11.6 percent in September, following a 10.0 percent rise in August.