2017.07.2503:21:00UTC+00French Producer Prices Fall Further In June

French producer prices in the domestic market decreased further in June, the statistical office Insee reported Tuesday.

Producer prices dropped 0.4 percent month-over-month in June, following a 0.6 percent fall in May.

The decline in June was mainly caused by a 7.7 percent plunge in prices of coke and refined petroleum products. The price index for manufactured products registered a drop of 0.4 percent.

On a yearly basis, producer prices climbed 1.4 percent at the end of the second quarter.

The producer price index for all markets slid 0.4 percent monthly in June after a 0.6 percent fall in the prior month. It was the fifth month of decrease in a row.

Annually, it grew at a slower pace of 1.5 percent in June, following a 2.3 percent rise in May.

Data also showed that import prices dipped 0.7 percent monthly in June, while it increased 1.7 percent from a year ago.