French statistical office INSEE released its producer price index (PPI) data on Friday. French producer prices decreased 1.2% in December, after a 0.2% rise in November.

The increase was driven a rise in prices for mining and quarrying products, energy and water, and in manufactured industry.

On a yearly basis, French PPI fell 2.8% in December.

The annual drop was driven by a decline in prices for coke and refined petroleum products, which slid 28.8 year-on-year in December.

Import prices decreased 1.7% in December, after a 0.1% increase in November.