France Producer Prices Highest Since 2022 📉
Producer prices in the French domestic market saw a significant month-over-month increase of 3.2% in November 2024, driven by a surge in prices for mining and quarrying, particularly due to high electricity costs, while manufacturing prices stagnated.
The sharp rise in producer prices in France, particularly in the mining and quarrying sector, suggests increased inflationary pressures that could negatively impact the investment portfolio. This is likely to have a moderate negative impact, as the portfolio has significant exposure to European and French equities, as well as commodities and energy-related investments.