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Informations Rapides · 27 August 2021 · n° 219
Informations rapidesIn July 2021, the price of oil eased a little Prices of oil and raw material imports - July 2021

In July 2021, the price of oil in euros decelerated (+4.6% after +7.7% in June). The prices in euros of imported commodities (excluding energy) kept increasing (+2.4% after +1.7%), as much because of the prices of industrial raw materials (+2.6%, as in June) than raw food materials, that accelerated (+2.2% after +1.0%).

Informations rapides
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Paru le :Paru le27/08/2021
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For January 2021 to July 2021, in default of available data, values of pulp have simply been extended as constant, from dollars quotations. Actual data will be released once available.

In July 2021, the price of oil in euros decelerated (+4.6% after +7.7% in June). The prices in euros of imported commodities (excluding energy) kept increasing (+2.4% after +1.7%), as much because of the prices of industrial raw materials (+2.6%, as in June) than raw food materials, that accelerated (+2.2% after +1.0%).

Imported raw materials (excluding energy)

index 2010=100
Imported raw materials (excluding energy) (index 2010=100)
Prices in foreign currencies Prices in euros
2013-01 106.6 106.6
2013-02 107.9 107.3
2013-03 104.8 107.1
2013-04 103.7 105.6
2013-05 102.4 104.5
2013-06 99.9 100.5
2013-07 102.1 103.4
2013-08 102.8 102.5
2013-09 100.0 99.5
2013-10 100.4 98.0
2013-11 100.9 99.4
2013-12 103.5 100.7
2014-01 102.8 100.4
2014-02 103.2 100.5
2014-03 104.8 100.9
2014-04 106.5 102.7
2014-05 103.3 100.1
2014-06 101.0 98.8
2014-07 103.0 101.1
2014-08 101.8 101.5
2014-09 98.0 100.7
2014-10 96.2 100.4
2014-11 95.7 101.3
2014-12 93.3 99.7
2015-01 89.6 101.1
2015-02 86.8 100.2
2015-03 83.9 101.4
2015-04 82.6 100.4
2015-05 84.1 98.7
2015-06 83.3 97.4
2015-07 80.4 95.7
2015-08 79.1 92.9
2015-09 78.1 91.0
2015-10 77.4 90.0
2015-11 74.4 90.3
2015-12 72.9 87.4
2016-01 72.3 87.1
2016-02 74.3 87.6
2016-03 77.7 91.6
2016-04 80.4 92.8
2016-05 80.1 92.5
2016-06 82.1 95.6
2016-07 84.4 99.8
2016-08 84.1 98.1
2016-09 83.0 96.8
2016-10 83.7 99.3
2016-11 89.2 107.8
2016-12 90.3 111.7
2017-01 92.1 113.3
2017-02 95.1 116.7
2017-03 94.5 115.5
2017-04 90.0 109.6
2017-05 89.0 105.3
2017-06 88.6 103.2
2017-07 91.8 104.2
2017-08 93.0 103.0
2017-09 91.3 100.1
2017-10 89.5 99.5
2017-11 90.2 100.6
2017-12 90.5 100.0
2018-01 93.5 100.3
2018-02 95.0 100.7
2018-03 94.1 99.9
2018-04 93.9 100.2
2018-05 95.3 105.5
2018-06 95.0 106.4
2018-07 90.7 101.5
2018-08 87.9 99.5
2018-09 86.6 97.1
2018-10 89.7 101.9
2018-11 88.8 101.9
2018-12 86.9 99.5
2019-01 88.8 101.4
2019-02 91.3 105.3
2019-03 90.7 104.7
2019-04 92.9 107.9
2019-05 92.0 107.0
2019-06 94.1 108.6
2019-07 95.8 111.5
2019-08 89.1 104.5
2019-09 88.5 104.9
2019-10 88.1 103.9
2019-11 88.8 104.7
2019-12 91.5 107.4
2020-01 91.9 108.3
2020-02 90.1 107.7
2020-03 87.8 103.4
2020-04 84.4 101.8
2020-05 87.6 104.9
2020-06 87.5 101.3
2020-07 89.1 101.3
2020-08 93.4 103.0
2020-09 95.3 105.3
2020-10 96.2 106.5
2020-11 98.7 108.7
2020-12 103.7 111.1
2021-01 106.6 114.3
2021-02 108.3 116.8
2021-03 110.5 121.1
2021-04 116.8 127.4
2021-05 123.3 132.4
2021-06 124.4 134.7
2021-07 125.0 137.9

Imported raw materials (excluding energy)

  • Source: INSEE

Oil prices slowed down

In July 2021, the price of North Sea crude oil (Brent) in dollars decelerated (+2.7% after +6.8%), still reaching an average of $75.1 per barrel. In euros, the rise is a bit more important (+4.6% after +7.7%) due to the euro retreating against the dollar.

Oil (Brent)

price per barrel
Oil (Brent) (price per barrel)
Prices in dollars Prices in euros
2013-01 112.0 84.3
2013-02 116.4 87.1
2013-03 109.7 84.6
2013-04 103.8 79.5
2013-05 103.0 79.4
2013-06 102.8 78.0
2013-07 107.7 82.3
2013-08 110.1 82.8
2013-09 111.6 83.6
2013-10 109.4 80.2
2013-11 107.7 79.9
2013-12 110.7 80.7
2014-01 107.6 79.0
2014-02 108.7 79.6
2014-03 107.9 78.0
2014-04 108.0 78.1
2014-05 109.2 79.6
2014-06 111.9 82.3
2014-07 108.6 80.2
2014-08 103.5 77.7
2014-09 98.9 76.7
2014-10 88.7 70.0
2014-11 80.8 64.8
2014-12 64.2 52.2
2015-01 50.1 43.1
2015-02 58.2 51.3
2015-03 57.3 52.8
2015-04 59.5 55.4
2015-05 64.1 57.5
2015-06 61.5 54.8
2015-07 56.6 51.4
2015-08 46.6 41.9
2015-09 47.6 42.4
2015-10 48.4 43.1
2015-11 44.3 41.2
2015-12 38.0 35.0
2016-01 30.7 28.3
2016-02 32.2 29.0
2016-03 38.2 34.4
2016-04 41.6 36.7
2016-05 46.7 41.3
2016-06 48.2 43.0
2016-07 45.3 41.0
2016-08 46.8 41.8
2016-09 47.7 42.5
2016-10 51.4 46.6
2016-11 47.1 43.7
2016-12 54.9 52.1
2017-01 55.4 52.2
2017-02 56.0 52.6
2017-03 52.6 49.2
2017-04 53.8 50.1
2017-05 51.4 46.5
2017-06 47.6 42.4
2017-07 49.1 42.6
2017-08 51.9 44.0
2017-09 55.5 46.6
2017-10 57.5 48.9
2017-11 62.7 53.4
2017-12 64.4 54.4
2018-01 69.1 56.6
2018-02 65.3 52.9
2018-03 66.0 53.5
2018-04 72.0 58.7
2018-05 76.9 65.2
2018-06 74.4 63.7
2018-07 74.3 63.5
2018-08 72.5 62.8
2018-09 78.9 67.7
2018-10 81.0 70.6
2018-11 64.7 57.0
2018-12 56.5 49.8
2019-01 59.4 52.0
2019-02 64.0 56.4
2019-03 66.1 58.5
2019-04 71.2 63.4
2019-05 71.2 63.6
2019-06 64.3 56.9
2019-07 63.9 57.0
2019-08 59.0 53.1
2019-09 62.8 57.1
2019-10 59.7 54.0
2019-11 63.2 57.2
2019-12 67.2 60.4
2020-01 63.6 57.3
2020-02 55.7 51.1
2020-03 31.9 28.8
2020-04 18.5 16.9
2020-05 29.4 27.5
2020-06 40.3 35.8
2020-07 43.2 37.7
2020-08 44.8 37.8
2020-09 40.9 34.7
2020-10 40.2 34.1
2020-11 42.7 36.1
2020-12 50.0 41.1
2021-01 54.8 45.0
2021-02 62.3 51.5
2021-03 65.4 55.0
2021-04 64.8 54.1
2021-05 68.5 56.4
2021-06 73.2 60.8
2021-07 75.1 63.5

Oil (Brent)

  • Source: INSEE

Petroleum

Petroleum
prices Changes (%)
of last month over the last month over the last 3 months over the last 12 months
Brent in $ per barrel 75.1 2.7 15.9 73.7
Brent in € per barrel 63.5 4.6 17.4 68.4
Gasoline cts €/L 50.5 6.2 14.9 79.6
Gas Oil 506.7 3.1 17.0 57.2
Heavy fuel 340.5 1.8 11.8 66.9
Naphtha 565.7 9.3 22.3 70.6
  • Prices are in euros per tonne unless otherwise specified
  • Source: INSEE

The prices of industrial kept rising

In July 2021, the prices of industrial raw materials increased at the same rate (+2.6%, as in June). Mineral materials prices accelerated (+2.7% after +1.7%) under the effect of the prices of non ferrous metals (+3,7% after +0.4%). At the same time, prices of ferrous metals eased again (+2.0% after +3.9% in June and +13.9% in May) and precious metals prices decreased slightly (−0.5% after −0.8%).

On the other hand, the prices of agricultural raw materials decelerated (+2.3% after +6.9%), mainly because of a much slower increase in hide prices (+3.1% after +33.8%). The prices of natural textile fibres continued to rise on a high base (+4.3% after +3.9%), while natural rubber prices recovered (+1.7% after −1.9%). Finally, tropical wood prices didn’t evolve much (+0.3% after +0.5%).

Industrial raw materials

index 2010=100
Industrial raw materials (index 2010=100)
Prices in foreign currencies Prices in euros
2013-01 103.0 103.0
2013-02 104.8 104.0
2013-03 98.5 100.8
2013-04 95.3 97.1
2013-05 90.4 92.4
2013-06 86.5 87.0
2013-07 89.0 90.2
2013-08 93.3 92.9
2013-09 92.1 91.5
2013-10 92.5 90.0
2013-11 93.3 91.6
2013-12 93.3 90.2
2014-01 91.5 89.0
2014-02 89.2 86.5
2014-03 86.7 83.0
2014-04 88.4 84.7
2014-05 85.1 82.2
2014-06 83.6 81.4
2014-07 86.8 84.9
2014-08 86.5 86.0
2014-09 82.8 85.0
2014-10 80.7 84.3
2014-11 79.5 84.3
2014-12 76.3 81.8
2015-01 72.3 82.2
2015-02 70.0 81.5
2015-03 67.6 82.4
2015-04 66.0 80.9
2015-05 69.1 81.7
2015-06 67.7 79.7
2015-07 62.5 74.9
2015-08 61.1 72.2
2015-09 61.4 72.0
2015-10 59.9 70.2
2015-11 55.8 68.3
2015-12 53.7 64.9
2016-01 53.1 64.3
2016-02 55.9 66.3
2016-03 60.4 71.7
2016-04 62.7 72.9
2016-05 60.8 70.8
2016-06 60.2 70.6
2016-07 63.6 75.7
2016-08 65.0 76.4
2016-09 63.2 74.3
2016-10 64.4 76.9
2016-11 71.7 87.4
2016-12 74.9 93.3
2017-01 75.2 93.1
2017-02 80.2 99.0
2017-03 79.4 97.8
2017-04 74.0 90.8
2017-05 70.5 84.0
2017-06 68.6 80.4
2017-07 73.1 83.6
2017-08 78.3 87.4
2017-09 78.5 86.8
2017-10 76.5 85.7
2017-11 77.8 87.3
2017-12 79.9 89.0
2018-01 84.0 90.8
2018-02 84.8 90.5
2018-03 81.0 86.5
2018-04 81.1 87.1
2018-05 82.3 91.8
2018-06 81.9 92.4
2018-07 77.8 87.8
2018-08 76.8 87.6
2018-09 76.2 86.1
2018-10 77.9 89.3
2018-11 76.7 88.9
2018-12 74.8 86.5
2019-01 76.7 88.5
2019-02 82.3 95.5
2019-03 81.8 95.3
2019-04 83.6 97.9
2019-05 83.5 98.2
2019-06 86.0 100.3
2019-07 90.2 105.9
2019-08 79.9 94.5
2019-09 80.5 96.3
2019-10 78.5 93.6
2019-11 77.3 92.0
2019-12 80.0 94.8
2020-01 81.0 96.1
2020-02 77.2 93.1
2020-03 74.7 88.8
2020-04 71.2 87.2
2020-05 73.4 88.6
2020-06 77.8 91.0
2020-07 81.5 93.5
2020-08 87.8 97.7
2020-09 89.0 99.4
2020-10 89.3 99.9
2020-11 93.2 103.7
2020-12 102.4 110.9
2021-01 105.1 113.9
2021-02 106.0 115.5
2021-03 107.9 119.5
2021-04 112.1 123.4
2021-05 121.1 131.4
2021-06 123.2 134.7
2021-07 124.1 138.3

Industrial raw materials

  • Source: INSEE

Food commodity prices accelerated

In euros, the prices of imported raw food materials accelerated (+2.2% after +1.0%). This rise is supported in particular by the prices of both topical foodstuff (+8.5 after +3.7%) and sugar (+4.8% after +1.0%). The prices of seafood products kept rising at a high rate (+7.2% after +7.0%). Conversely, the fallback of cereals prices amplified (−8.0% after −3.7%), just like meat prices (−3.3% after −0.2%). The prices of oil seeds, as far as they are concerned, remained stable (−0.1% after −4.0%).

Food

index 2010=100
Food (index 2010=100)
Prices in foreign currencies Prices in euros
2013-01 111.4 111.5
2013-02 112.2 111.8
2013-03 112.9 115.2
2013-04 114.5 116.4
2013-05 117.7 120.0
2013-06 117.0 117.8
2013-07 118.6 120.2
2013-08 114.8 114.8
2013-09 110.2 109.8
2013-10 110.6 108.3
2013-11 110.6 109.4
2013-12 116.5 114.1
2014-01 117.0 114.8
2014-02 120.6 118.0
2014-03 127.3 123.3
2014-04 129.2 125.2
2014-05 125.9 122.4
2014-06 122.7 120.4
2014-07 123.1 121.3
2014-08 121.0 120.9
2014-09 117.1 120.2
2014-10 115.6 120.6
2014-11 115.8 122.4
2014-12 114.4 122.0
2015-01 111.4 125.0
2015-02 108.1 123.8
2015-03 104.6 125.5
2015-04 103.6 125.1
2015-05 102.9 120.1
2015-06 102.9 119.7
2015-07 103.4 122.3
2015-08 102.3 119.5
2015-09 99.4 115.3
2015-10 99.7 115.4
2015-11 98.3 118.6
2015-12 97.7 116.6
2016-01 97.6 116.9
2016-02 98.3 115.2
2016-03 99.9 117.0
2016-04 103.1 118.2
2016-05 105.1 120.5
2016-06 111.1 128.5
2016-07 111.5 131.1
2016-08 108.8 125.9
2016-09 108.7 125.9
2016-10 108.8 128.2
2016-11 111.3 133.5
2016-12 109.1 134.3
2017-01 113.5 139.0
2017-02 113.8 138.9
2017-03 113.3 137.9
2017-04 110.3 133.6
2017-05 112.7 132.6
2017-06 114.5 132.6
2017-07 115.7 130.6
2017-08 111.4 122.7
2017-09 107.1 116.7
2017-10 105.7 116.8
2017-11 105.7 117.0
2017-12 103.4 113.5
2018-01 104.8 111.8
2018-02 107.2 113.0
2018-03 110.5 116.5
2018-04 109.8 116.3
2018-05 111.5 122.5
2018-06 111.2 123.6
2018-07 106.6 118.5
2018-08 101.4 114.1
2018-09 99.2 110.5
2018-10 104.3 117.3
2018-11 103.8 118.0
2018-12 101.9 115.5
2019-01 103.7 117.4
2019-02 102.2 117.2
2019-03 101.5 116.0
2019-04 104.0 119.9
2019-05 102.2 117.5
2019-06 103.6 118.5
2019-07 102.0 117.6
2019-08 100.2 116.5
2019-09 98.1 115.2
2019-10 99.5 116.5
2019-11 102.9 120.3
2019-12 105.6 122.8
2020-01 104.5 122.4
2020-02 104.6 124.0
2020-03 102.3 119.5
2020-04 98.9 117.9
2020-05 103.3 122.6
2020-06 98.8 113.5
2020-07 98.6 111.2
2020-08 101.3 110.8
2020-09 103.8 113.7
2020-10 105.3 115.6
2020-11 106.5 116.3
2020-12 107.8 114.5
2021-01 111.2 118.1
2021-02 113.5 121.3
2021-03 116.1 126.1
2021-04 124.6 134.8
2021-05 128.9 137.3
2021-06 129.2 138.6
2021-07 129.6 141.7

Food

  • Source: INSEE

Imported raw materials (excluding energy) in euros

Base 100 in 2010
Imported raw materials (excluding energy) in euros (Base 100 in 2010)
Index of last month changes (in%)
du dernier mois over the last month over the last 3 months over the last 12 months
Food total 141.7 2.2 5.1 27.4
Tropical foodstuffs 116.6 8.5 19.3 33.6
Oil seeds, vegetable oils 134.1 -0.1 1.3 32.8
Cereals 121.3 -8.0 -7.6 17.2
Sugar 89.5 4.8 10.3 44.5
Meat 181.6 -3.3 -2.2 52.1
Seafood products 127.0 7.2 7.5 0.4
Industrial raw materials 138.3 2.6 12.1 47.8
Agricultural raw materials 106.1 2.3 9.0 20.9
Natural Fibres 110.0 4.3 10.2 24.6
Natural rubber 55.0 1.7 1.0 34.1
Hides 69.2 3.1 41.1 113.1
Wood pulp 109.7 1.9 1.3 5.7
Tropical wood 99.3 0.3 1.1 5.7
Sawn softwood 146.1 1.9 1.3 -3.0
Minerals 145.9 2.7 12.7 55.0
Ferrous metals 167.2 2.0 20.7 91.6
Non-ferrous metals 127.6 3.7 8.6 43.5
Precious metals 159.2 -0.5 2.7 4.6
All commodities 137.9 2.4 8.3 36.2
  • Source: INSEE

For further information:

The relevant time series and a user guide are available at the bottom of this page.

Crude oil: from 1986, the price of Brent gradually established as a representative reference price of European supplies.

Petroleum products: prices of petroleum are quotations from the Rotterdam market which supplies European market.

Indices of non-energy raw materials imported by France: the indices calculated by INSEE are monthly averages of raw materials prices, weighted by their share in the French imports of raw materials (2010 = 100).

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