French domestic producer prices increased 2% month-on-month in March 2026, the highest level in four months, following an upwardly revised 0.3% fall in February. Prices for manufactured goods accelerated (2.4% vs 0.4% in February), largely driven by a surge in prices of coke and refined petroleum products (56.8% vs 9.8%), amid the conflict in the Middle East that led to a near-closure of the Strait of Hormuz. Prices for food, beverages, and tobacco (0.2% vs -0.2%) and for electronic equipment and machinery (0.2% vs -0.2%) also rebounded slightly. 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 a yearly basis, domestic producer prices edged up 0.2%, after declining 2.4% in the previous month, as prices for manufactured products increased faster (2.7% vs 0%), while costs for mining, quarrying, energy, and water dropped at a slower pace (-6.8% vs -8.9%).

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