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French producer prices remained unchanged in June from the previous month.
The producer price index, or PPI, on the French market remained unchanged on a monthly basis in June, the statistical office INSEE said on Thursday. Economists were looking for an increase of 0.3%. Meanwhile, the price index for manufactured products also showed a flat reading in June, after rising 0.4% in May.
Producer prices for mining and quarrying, energy, water slipped 0.2% month-on-month in June, while price index of electrical & electronic equip., computers, mach. Grew 0.4%. Prices for transport equipment dropped 0.3%. Price index for food products, beverages, tobacco remained stable.
Year-on-year, the PPI increased 3.5% in June, slower than 3.9% growth expected by economists'. The price index for manufactured products rose 3.2% and mining and quarrying, energy, water climbed 6.1%. Price index for food products, beverages, tobacco slipped 0.8%.
The producer prices in the foreign markets increased 0.3% in June from the previous month. At the same time, The price index for other manufactured products rose 0.5 %, following a 1% rise in May. Prices for food products grew 1.1 %.
On all markets, the French producer prices were up 0.1 % in June from the preceding month. Year-on-year, the PPI rose 3.4% in June, slower than 3.8% in the previous month. The prices index for refined petroleum products climbed 28.5%, but slower than 45.3% in May.
Further, the statistical office said, prices of imported industrial products rose 0.7% month-on-month in June, faster than a 0.1 % rise in the previous month.
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