RTTNews - Tuesday, the French statistical office INSEE announced that industrial producer prices for the domestic market declined 6.4% year-over-year in April, compared with a 5.5% fall in the previous month. The April producer prices came in line with economists' expectations.
Month-on-month, producer prices decreased 0.9% in April, after falling 0.3% in March, revised from 0.4% fall reported initially. Economists were looking for a decline of 0.2%.
Meanwhile, import prices declined 1.2% on a monthly basis in April, compared with a 0.3% drop in the preceding month. On an annual basis, import prices dipped 8.7% in April.
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