Paris (dpa-AFX) – France’s producer price inflation accelerated in September driven by the surge in petroleum product prices, figures released by the statistical office Insee showed on Wednesday.
Producer price inflation in the domestic market advanced to 11.6 per cent in September from 10.0 per cent in August.
Prices of coke and refined petroleum products grew sharply by 80.4 per cent and that of mining and quarrying, energy and water grew 21.9 per cent.
On a monthly basis, industrial producer prices gained 1.7 per cent, following August’s 1-per-cent rise.
Overall producer prices in domestic and foreign markets grew 1.6 per cent on month in September, taking the annual growth to 10.8 per cent.