French producer prices decrease 0.5% in April

French statistical office INSEE released its producer price index (PPI) data on Tuesday. French producer prices decreased 0.5% in April, after a 0.3% rise in March.

The decrease was mainly driven a drop in prices for mining and quarrying products, energy and water, which slid 2.7% in April.

On a yearly basis, French PPI fell 4.1% in April, after a 4.0% drop in March.

The annual drop was driven by a decline in prices for mining and quarrying products, energy and water, which slid 17.4 year-on-year in April.

Import prices were flat in April, after a 0.9% rise in March.

Shares