In November 2021, the French industrial producer prices accelerated again: +3.0% over a month and +16.3% over a year
Key Points:
:: Producer prices in the French industry: +3.0%
:: Home Market: +3.5%
:: New strong rise of prices of mining and quarrying products, energy and water
:: Persistent rise of prices of the “other industrial products”
:: Acceleration of food and beverage prices
:: Slight backlash of refined petroleum product prices
This is worth flagging:
"In the wake of crude oil prices, the prices of refined petroleum fell back slightly over a month in November 2021 (–1.7% after +15.0%)"
One of the first showings of the drop in energy prices causing a deflationary drag.
