France industrial producer prices rose in June

According to the report from Insee, in June 2021, the industrial producer prices accelerated over a month (+1.0% after +0.4%), both on the home market (+1.1% after +0.4%) and the foreign markets (+1.0% after +0.3%). Year on year, they kept rising strongly (+7.1% after +6.7%), as a consequence of the low prices observed in the spring of 2020 in connection with the health crisis, but also as a result of the recent surges in some raw material prices due to the economic recovery.

The industrial producer prices for the home market rose by 1.1% in June 2021 (after +0.4%), driven up equally by those of manufactured products (+0.8% after +0.7%) and those of mining and quarrying products, energy and water. Year on year, they rose by 7.5% in June 2021 (after +7.2%).

In June 2021, the prices of mining and quarrying products, energy and water rose by 2.3% over a month (after –0.6%). Electricity production and trade prices bounced back (+2.2% after –3.5%), while those of trade services of gas through mains kept rising sharply (+6.8% after +6.9%), following the upward adjustment of regulated tariffs. Year on year, the prices of mining and quarrying products, energy and water rose by 12.8% (after +10.7%).

In the wake of crude oil prices, the prices of refined petroleum products sped up (+7.7% over a month in June 2021, after +3.3%). Over a year, they slowed down but continued to rise sharply (+62.8% after +92.3%).