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France Nov. Producer Prices Decline Less Than Expected

France's producer prices in November decreased less-than-expected from a year ago, data released by the statistical office INSEE showed on Friday.

The producer price index for the French market declined 0.6 percent year-on-year. Economists had expected a 1.2 percent slump.

Month-on-month, domestic market product prices rose 0.5 percent in November, defying economists' expectations for a 0.1 percent drop. The increase came after October's revised 0.3 percent decline.

INSEE attributed the monthly increase to electricity, the prices of manufactured products being almost stable or slightly decreasing.

Producer prices for the total market decreased 0.8 percent annually in November. On a monthly basis, prices rose 0.3 percent, reversing a similar size decline in October.

Import prices fell 2.3 percent annually in November. Month-on-month, import prices edged up 0.1 percent, following a 0.9 percent drop in the previous month.

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