French statistical office INSEE released its producer price index (PPI) data on Wednesday. French producer prices decreased 0.9% in August, after a 0.1% decline in July.

The decline was driven a fall in prices for refined petroleum products, which were down 12.5% in August.

On a yearly basis, French PPI fell 2.1% in August, after a 1.6% drop in July.

Import prices plunged 1.5% in August, after a 1.1% fall in July.