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Wednesday, the French statistical office INSEE said in a report that the producer price index or PPI in the domestic market increased 0.4% year-on-year in August, after falling 0.1% in July. Economists' expected an increase of 0.3%.
The increase in PPI was mainly due to rise in coke and refined petroleum products prices, the INSEE said.
On an annual basis, the domestic producer prices decreased 8.5% in August. Economists were looking for a decline of 8.9%.
Similarly, producer prices for non-domestic market increased 0.4% on a monthly basis in August, after a 0.4% decline in July. The PPI was down 5.6% compared to the previous year.
The overall producer price index rose 0.5% month-on-month in August, compared to the 0.2% fall in the previous month. Year-on-year, the PPI decreased 7.5%.
Meanwhile, import prices increased 1.2% on a monthly basis and it was down 8.2% compared to the previous year.
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