FX.co ★ French Producer Prices Rise to 4-Month High

French domestic producer prices rose by 2% month-on-month in March 2026, the strongest increase in four months, following an upwardly revised 0.3% decline in February. Prices for manufactured goods accelerated sharply (2.4% vs 0.4% in February), largely reflecting a surge in prices for coke and refined petroleum products (56.8% vs 9.8%), amid the conflict in the Middle East that brought the Strait of Hormuz close to closure. Prices for food, beverages, and tobacco (0.2% vs -0.2%), as well as for electronic equipment and machinery (0.2% vs -0.2%), also posted slight rebounds.

In addition, costs for mining, quarrying, energy, and water rose again (0.7% vs -2.2%), mainly due to higher gas prices (3.1% vs 0.1%). On an annual basis, domestic producer prices edged up 0.2%, after a 2.4% decline in the previous month, as prices for manufactured products increased at a faster pace (2.7% vs 0%), while costs for mining, quarrying, energy, and water fell more moderately (-6.8% vs -8.9%).