FX.co ★ French Factory-Gate Prices Fall Further in February, Deepening Deflation Trend

France’s producer price index (PPI) extended its decline in February 2026, underscoring persistent disinflationary pressure at the factory gate despite broader concerns over price stability in the euro area.

Year-over-year, French PPI fell 2.40% in February 2026, compared with a 2.30% drop in January 2026. The data, updated on 31 March 2026, show that the pace of decline in producer prices has slightly intensified, with manufacturers receiving less for their output than they did a year earlier.

Both readings are measured on a year-over-year basis, comparing each month’s price level to the same month a year earlier. The February figure suggests that cost pressures upstream in the production chain remain subdued or are easing further, a development that could, over time, feed through to consumer prices and corporate margins alike.