2010.07.2904:28:00UTC+00French Producer Prices Remain Stable In June

French producer prices remained unchanged in June from the previous month.

The producer price index, or PPI, on the French market remained unchanged on a monthly basis in June, the statistical office INSEE said on Thursday. Economists were looking for an increase of 0.3%. Meanwhile, the price index for manufactured products also showed a flat reading in June, after rising 0.4% in May.

Producer prices for mining and quarrying, energy, water slipped 0.2% month-on-month in June, while price index of electrical & electronic equip., computers, mach. Grew 0.4%. Prices for transport equipment dropped 0.3%. Price index for food products, beverages, tobacco remained stable.

Year-on-year, the PPI increased 3.5% in June, slower than 3.9% growth expected by economists'. The price index for manufactured products rose 3.2% and mining and quarrying, energy, water climbed 6.1%. Price index for food products, beverages, tobacco slipped 0.8%.

The producer prices in the foreign markets increased 0.3% in June from the previous month. At the same time, The price index for other manufactured products rose 0.5 %, following a 1% rise in May. Prices for food products grew 1.1 %.

On all markets, the French producer prices were up 0.1 % in June from the preceding month. Year-on-year, the PPI rose 3.4% in June, slower than 3.8% in the previous month. The prices index for refined petroleum products climbed 28.5%, but slower than 45.3% in May.

Further, the statistical office said, prices of imported industrial products rose 0.7% month-on-month in June, faster than a 0.1 % rise in the previous month.

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