France’s Producer Price Index (PPI) fell further into negative territory in December 2025, underlining persistent disinflationary pressure at the factory gate. On a year-over-year basis, the PPI declined by 2.00% in December, compared with a 1.50% annual drop recorded in November 2025.
The data, updated on 30 January 2026, show that producer prices are now falling at a faster pace than a month earlier when measured against the same period a year ago. The comparison is based on year-over-year changes, with the “previous” figure reflecting November 2025 versus November a year earlier, and the “current” figure capturing December 2025 versus December a year earlier.
The deeper annual decline in December suggests continued cost relief for downstream businesses but may also reflect weaker pricing power for French producers, a factor that can weigh on corporate margins and investment if sustained over time.
