French statistical office INSEE released its producer price index (PPI) data on Thursday. French producer prices decreased 0.5% in February, after a 0.9% drop in January. January's figure was revised down from a 0.8% fall.

The decrease was mainly driven a drop in prices for refined petroleum products.

On a yearly basis, French PPI fell 4.1% in February.

The annual drop was driven by a decline in prices for coke and refined petroleum products, which slid 40.1 year-on-year in February.

Import prices decreased 0.6% in February, after a 1.7% fall in January.