French domestic producer prices rose by 0.5% month-on-month in January 2026, after an upwardly revised 0.3% increase in December. This was the fourth consecutive monthly gain, driven by a rebound in several categories: manufactured goods (up 0.3% vs down 0.5% in December), coke and refined petroleum products (up 0.4% vs down 11.7%), electrical, electronic and computer equipment, and machinery (up 0.6% vs down 0.2%), as well as transport equipment (up 0.4% vs down 0.1%).
By contrast, prices fell for food products (-0.2% vs +0.3%), while inflation eased in extractive industries, energy and water (1.2% vs 2.8%).
On an annual basis, the decline in producer prices deepened, reaching 2.3%—the sharpest drop since December 2024—after a 1.9% fall in December. Excluding energy in the broad sense (hydrocarbons, coke and refined products, electricity, etc.), industrial producer prices increased by 0.3% over the month after being flat in December, and were up 0.1% year-on-year following a 0.5% rise in the previous period.
