French domestic producer prices fell 2.1% month-on-month in April 2026, reversing a revised 1.9% increase in March and marking the steepest decline since April last year. The drop was largely driven by a sharp decline in prices for mining, quarrying, energy, and water (-10.9% vs 0.7% in March), mainly due to a steep fall in electricity prices (-22.1% vs -0.2%) amid lower wholesale market prices, stronger renewable energy production, and weaker demand linked to mild temperatures. This was partially offset by a pickup in gas prices (6.5% vs 2.4%), attributed to the Middle East conflict. Meanwhile, price growth for manufactured products slowed sharply (0.7% vs 2.3%), as food products, beverages, and tobacco declined (-0.3% vs 0.2%). Prices for coke and refined petroleum products also decelerated markedly (4.1% vs 53.1%), as oil prices eased in April following the March spike. On an annual basis, domestic producer prices jumped 2.1%, the most since June 2023, after being flat in March.

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