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French Producer Prices Rise More Than Expected In January

Producer prices in the French market increased at a slightly faster than expected pace in January, data released by statistical office Insee showed Monday.

Output prices of goods sold in the domestic market increased 4.2 percent on an annual basis in January, faster than the 4.1 percent growth economists expected.

Prices of food, beverages and tobacco advanced 3.9 percent annually. Output prices of manufactured goods rose 3.8 percent year-on-year, while prices of mining products, energy and water climbed 6.8 percent during the month.

Month-on-month, output prices moved up 0.6 percent in January, recovering from the previous month's 0.1 percent decrease. The latest rate of growth was faster than 0.4 percent economists forecast.

Producer prices in the overseas market rose 0.6 percent on a monthly basis in January, taking the annual growth to 1.9 percent. At the same time, output prices in the entire industrial sector, including both the domestic market and the foreign market, rose 3.5 percent year-on-year in January, while month-on-month, they moved up 0.6 percent.

by RTTNews Staff Writer

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