French producer prices decreased further in November, largely due to cheaper prices of coke and refined petroleum products, data from the statistical office INSEE showed Friday.
Producer prices in the French market fell 2.4 percent year-over-year in November, following a 2.5 percent drop in the preceding month.
The annual decline in November was mainly driven by a 27.8 percent slump in the prices of coke and refined petroleum products.
Month-on-month, producer prices edged up 0.1 percent in November, slightly slower than the 0.2 percent increase in October.
Rising prices of mining products, energy, water was partially offset by the slight decline in prices of manufactured goods, the agency said.
The producer price index for all markets slid 1.9 percent in November from a year ago. Compared to the prior month, it rose 0.1 percent.
Import prices dipped 4.8 percent yearly in November, while increased 0.2 percent from a month earlier.
The material has been provided by InstaForex Company – www.instaforex.com