FX.co ★ French Producer Prices Swing into Deflation in April, Dropping 2.1% MoM

France’s producer price index (PPI) moved sharply into negative territory in April 2026, underscoring a notable reversal in wholesale price dynamics after a firm gain in the previous month.

According to the latest data updated on 28 May 2026, French PPI fell by 2.1% month-over-month in April, compared with a 1.9% month-on-month increase recorded in March 2026. The figures are based on a month-over-month comparison, where the current reading reflects the change in April relative to March, and the previous reading reflects the change in March relative to February.

The swing from rising to falling producer prices suggests a rapid cooldown in cost pressures at the factory gate, which could, if sustained, eventually filter through to consumer prices and impact broader inflation dynamics in France.