Informations Rapides ·
21 February 2025 · n° 46
In January 2025, oil and gas prices accelerated sharply Prices of energy and imported raw materials - January 2025
In January 2025, the price of oil in euros accelerated sharply (+8.6% month on month after +1.1% in December), as did that of gas (+7.0% after +1.0%). Prices in euros of imported raw materials (excluding energy) slowed over one month (+1.6% after +3.0%) but rose sharply over one year (+16.2%). These increases were notably amplified by the depreciation of the euro against the dollar. Prices in euros of industrial raw materials continued to rise month on month (+1.2% after +0.9%) and increased by 5.7% year on year. Additionally, most prices for strategic raw materials were up over one month. Lastly, food commodity prices slackened month on month (+2.1% after +4.6%) but soared over one year (+25.3%), driven by skyrocketing tropical commodity prices (+107.6%).
The weightings of the raw material price indices (excluding energy) for 2025 have been updated based on 2024 import data. The weights used in 2025 are presented in the methodological note available in the ”Documentation” tab of this publication.
In January 2025, the price of oil in euros accelerated sharply (+8.6% month on month after +1.1% in December), as did that of gas (+7.0% after +1.0%). Prices in euros of imported raw materials (excluding energy) slowed over one month (+1.6% after +3.0%) but rose sharply over one year (+16.2%). These increases were notably amplified by the depreciation of the euro against the dollar. Prices in euros of industrial raw materials continued to rise month on month (+1.2% after +0.9%) and increased by 5.7% year on year. Additionally, most prices for strategic raw materials were up over one month. Lastly, food commodity prices slackened month on month (+2.1% after +4.6%) but soared over one year (+25.3%), driven by skyrocketing tropical commodity prices (+107.6%).
tableauImported raw materials (excluding energy)
| Price index in foreign currencies | Price index in euros | |
|---|---|---|
| 2025-01 | 147.7 | 175.0 |
| 2024-12 | 146.7 | 172.3 |
| 2024-11 | 144.3 | 167.3 |
| 2024-10 | 141.8 | 160.7 |
| 2024-09 | 139.3 | 155.3 |
| 2024-08 | 138.4 | 155.4 |
| 2024-07 | 137.9 | 157.1 |
| 2024-06 | 142.3 | 163.5 |
| 2024-05 | 143.8 | 164.3 |
| 2024-04 | 144.2 | 165.9 |
| 2024-03 | 136.5 | 155.3 |
| 2024-02 | 132.8 | 152.2 |
| 2024-01 | 132.5 | 150.6 |
| 2023-12 | 133.4 | 151.5 |
| 2023-11 | 132.0 | 150.6 |
| 2023-10 | 127.7 | 148.7 |
| 2023-09 | 128.3 | 148.2 |
| 2023-08 | 126.9 | 144.0 |
| 2023-07 | 128.6 | 144.3 |
| 2023-06 | 127.0 | 144.6 |
| 2023-05 | 125.8 | 142.9 |
| 2023-04 | 130.7 | 147.7 |
| 2023-03 | 129.8 | 150.1 |
| 2023-02 | 131.4 | 152.4 |
| 2023-01 | 130.3 | 150.8 |
| 2022-12 | 126.1 | 147.9 |
| 2022-11 | 122.5 | 148.2 |
| 2022-10 | 123.1 | 153.4 |
| 2022-09 | 125.6 | 156.4 |
| 2022-08 | 132.3 | 162.5 |
| 2022-07 | 132.1 | 160.6 |
| 2022-06 | 140.2 | 165.5 |
| 2022-05 | 144.1 | 170.5 |
| 2022-04 | 152.9 | 179.0 |
| 2022-03 | 153.4 | 176.6 |
| 2022-02 | 143.2 | 160.3 |
| 2022-01 | 137.8 | 154.7 |
| 2021-12 | 132.3 | 148.6 |
| 2021-11 | 127.5 | 142.1 |
| 2021-10 | 131.4 | 144.5 |
| 2021-09 | 128.6 | 139.2 |
| 2021-08 | 132.8 | 143.5 |
| 2021-07 | 134.7 | 145.0 |
| 2021-06 | 135.8 | 144.1 |
| 2021-05 | 138.7 | 146.1 |
| 2021-04 | 130.4 | 139.3 |
| 2021-03 | 123.0 | 131.9 |
| 2021-02 | 119.7 | 126.3 |
| 2021-01 | 116.3 | 122.1 |
| 2020-12 | 113.2 | 118.5 |
| 2020-11 | 104.5 | 112.1 |
| 2020-10 | 100.9 | 108.5 |
| 2020-09 | 101.2 | 108.7 |
| 2020-08 | 98.9 | 106.0 |
| 2020-07 | 93.2 | 102.6 |
| 2020-06 | 91.1 | 101.7 |
| 2020-05 | 89.8 | 103.0 |
| 2020-04 | 85.4 | 97.8 |
| 2020-03 | 89.2 | 100.7 |
| 2020-02 | 92.1 | 106.3 |
| 2020-01 | 95.0 | 108.4 |
| 2019-12 | 94.0 | 107.1 |
| 2019-11 | 91.5 | 104.6 |
| 2019-10 | 90.1 | 103.0 |
| 2019-09 | 91.0 | 104.5 |
| 2019-08 | 91.3 | 103.9 |
| 2019-07 | 97.8 | 110.9 |
| 2019-06 | 96.4 | 108.5 |
| 2019-05 | 94.5 | 107.2 |
| 2019-04 | 95.7 | 108.4 |
| 2019-03 | 93.5 | 105.3 |
| 2019-02 | 94.4 | 105.9 |
| 2019-01 | 91.4 | 101.9 |
| 2018-12 | 89.7 | 100.2 |
| 2018-11 | 91.6 | 102.6 |
| 2018-10 | 92.8 | 103.3 |
| 2018-09 | 89.7 | 98.3 |
| 2018-08 | 91.1 | 100.7 |
| 2018-07 | 94.2 | 103.3 |
| 2018-06 | 98.4 | 108.2 |
| 2018-05 | 98.8 | 107.4 |
| 2018-04 | 97.7 | 102.8 |
| 2018-03 | 97.5 | 102.2 |
| 2018-02 | 98.5 | 103.0 |
| 2018-01 | 97.5 | 102.9 |
| 2017-12 | 94.6 | 102.3 |
| 2017-11 | 94.7 | 103.4 |
| 2017-10 | 94.1 | 102.9 |
| 2017-09 | 95.8 | 103.6 |
| 2017-08 | 97.0 | 105.8 |
| 2017-07 | 95.0 | 105.7 |
| 2017-06 | 92.0 | 104.5 |
| 2017-05 | 92.5 | 106.4 |
| 2017-04 | 93.5 | 110.7 |
| 2017-03 | 98.1 | 116.7 |
| 2017-02 | 98.7 | 118.1 |
| 2017-01 | 96.2 | 115.1 |
| 2016-12 | 93.8 | 112.9 |
| 2016-11 | 92.5 | 109.1 |
| 2016-10 | 87.1 | 101.0 |
| 2016-09 | 86.3 | 98.5 |
| 2016-08 | 87.7 | 99.9 |
| 2016-07 | 88.3 | 101.6 |
| 2016-06 | 85.9 | 97.8 |
| 2016-05 | 83.8 | 94.9 |
| 2016-04 | 84.0 | 94.9 |
| 2016-03 | 81.0 | 93.0 |
| 2016-02 | 77.5 | 89.0 |
| 2016-01 | 75.6 | 88.4 |
| 2015-12 | 76.6 | 89.4 |
| 2015-11 | 78.0 | 92.3 |
| 2015-10 | 81.2 | 92.6 |
| 2015-09 | 81.8 | 93.4 |
| 2015-08 | 82.7 | 95.1 |
| 2015-07 | 83.9 | 98.1 |
| 2015-06 | 86.5 | 99.7 |
| 2015-05 | 86.8 | 100.7 |
| 2015-04 | 85.4 | 102.0 |
| 2015-03 | 86.2 | 102.2 |
| 2015-02 | 89.0 | 101.4 |
| 2015-01 | 91.5 | 101.9 |
| 2014-12 | 94.3 | 99.6 |
| 2014-11 | 96.8 | 101.8 |
| 2014-10 | 97.9 | 101.8 |
| 2014-09 | 98.6 | 101.1 |
| 2014-08 | 101.5 | 101.1 |
| 2014-07 | 102.3 | 100.3 |
| 2014-06 | 101.2 | 98.9 |
| 2014-05 | 103.2 | 100.0 |
| 2014-04 | 106.1 | 102.3 |
| 2014-03 | 104.9 | 101.0 |
| 2014-02 | 103.2 | 100.3 |
| 2014-01 | 101.7 | 99.1 |
| 2013-12 | 101.9 | 98.8 |
| 2013-11 | 101.0 | 99.4 |
| 2013-10 | 100.3 | 97.9 |
| 2013-09 | 100.5 | 100.1 |
| 2013-08 | 101.6 | 101.5 |
| 2013-07 | 101.1 | 102.5 |
| 2013-06 | 100.1 | 101.1 |
| 2013-05 | 101.4 | 104.1 |
| 2013-04 | 102.5 | 104.9 |
| 2013-03 | 103.9 | 106.8 |
| 2013-02 | 106.0 | 106.2 |
| 2013-01 | 104.4 | 105.1 |
graphiqueImported raw materials (excluding energy)
- Source: INSEE.
Oil and gas prices in euros accelerated sharply
In January 2025, the price in dollars of North Sea crude oil (Brent) rebounded strongly (+7.4% after ‑0.4% in December), averaging $79.3 per barrel. In euros, the increase in the price per barrel was even more pronounced (+8.6% after +1.1%), due to the depreciation of the euro against the dollar over the period. Year on year, the price per barrel declined slightly in dollars (‑0.9%) but increased by 4.4% in euros.
The price of natural gas on the European market (TTF) accelerated significantly over one month (+7.0% after +1.0%), averaging €48.3/MWh. Furthermore, it continued to surge over one year (+61.6%). Lastly, the price of uranium in euros fell again month on month (‑1.4% after ‑2.7%) and dropped sharply year on year (‑22.8%).
tableauPrices of energy
| Brent in dollars per barrel | Brent in euros per barrel | Natural gas (TTF) in euros per MWh | Uranium in euros per pound | |
|---|---|---|---|---|
| 2025-01 | 79.3 | 76.6 | 48.3 | 70.6 |
| 2024-12 | 73.8 | 70.5 | 45.2 | 71.6 |
| 2024-11 | 74.1 | 69.7 | 44.7 | 73.6 |
| 2024-10 | 75.6 | 69.4 | 40.4 | 75.6 |
| 2024-09 | 74.0 | 66.6 | 36.2 | 72.0 |
| 2024-08 | 80.4 | 73.0 | 38.3 | 73.4 |
| 2024-07 | 85.2 | 78.5 | 32.6 | 77.8 |
| 2024-06 | 82.2 | 76.5 | 34.5 | 79.6 |
| 2024-05 | 81.9 | 75.7 | 32.0 | 84.6 |
| 2024-04 | 89.8 | 83.8 | 28.9 | 82.6 |
| 2024-03 | 85.4 | 78.6 | 26.9 | 81.7 |
| 2024-02 | 83.5 | 77.3 | 25.8 | 93.2 |
| 2024-01 | 80.0 | 73.4 | 29.9 | 91.4 |
| 2023-12 | 77.8 | 71.2 | 36.0 | 79.1 |
| 2023-11 | 82.9 | 76.8 | 45.7 | 71.1 |
| 2023-10 | 90.6 | 85.8 | 47.1 | 67.7 |
| 2023-09 | 93.5 | 87.5 | 36.9 | 61.2 |
| 2023-08 | 86.1 | 78.9 | 35.0 | 52.5 |
| 2023-07 | 80.1 | 72.4 | 29.5 | 50.5 |
| 2023-06 | 74.8 | 69.0 | 32.6 | 52.0 |
| 2023-05 | 75.6 | 69.6 | 31.7 | 49.5 |
| 2023-04 | 84.7 | 77.2 | 42.1 | 46.8 |
| 2023-03 | 78.4 | 73.3 | 44.0 | 47.1 |
| 2023-02 | 82.8 | 77.3 | 52.6 | 47.6 |
| 2023-01 | 82.5 | 76.6 | 63.9 | 45.7 |
| 2022-12 | 81.0 | 76.5 | 116.2 | 45.6 |
| 2022-11 | 91.4 | 89.7 | 119.5 | 49.6 |
| 2022-10 | 93.3 | 95.0 | 135.5 | 51.4 |
| 2022-09 | 89.7 | 90.6 | 203.5 | 49.8 |
| 2022-08 | 100.6 | 99.4 | 236.0 | 47.4 |
| 2022-07 | 111.9 | 109.9 | 172.0 | 46.2 |
| 2022-06 | 122.0 | 115.5 | 108.3 | 46.4 |
| 2022-05 | 113.1 | 106.9 | 94.1 | 47.8 |
| 2022-04 | 104.9 | 96.7 | 101.8 | 54.6 |
| 2022-03 | 117.2 | 106.4 | 131.3 | 49.7 |
| 2022-02 | 96.8 | 85.4 | 81.9 | 38.4 |
| 2022-01 | 86.5 | 76.5 | 85.2 | 39.3 |
| 2021-12 | 74.4 | 65.8 | 114.8 | 39.0 |
| 2021-11 | 81.0 | 71.0 | 82.6 | 40.3 |
| 2021-10 | 83.5 | 72.0 | 91.3 | 37.6 |
| 2021-09 | 74.5 | 63.3 | 66.2 | 36.8 |
| 2021-08 | 70.9 | 60.2 | 44.7 | 27.4 |
| 2021-07 | 75.1 | 63.5 | 36.1 | 27.4 |
| 2021-06 | 73.2 | 60.8 | 29.2 | 26.6 |
| 2021-05 | 68.5 | 56.4 | 25.0 | 25.0 |
| 2021-04 | 64.8 | 54.1 | 20.4 | 24.7 |
| 2021-03 | 65.4 | 55.0 | 17.6 | 24.0 |
| 2021-02 | 62.3 | 51.5 | 17.4 | 24.0 |
| 2021-01 | 54.8 | 45.0 | 20.4 | 24.6 |
| 2020-12 | 50.0 | 41.1 | 16.4 | 24.6 |
| 2020-11 | 42.7 | 36.1 | 13.9 | 25.0 |
| 2020-10 | 40.2 | 34.1 | 14.2 | 25.2 |
| 2020-09 | 40.9 | 34.7 | 11.4 | 25.6 |
| 2020-08 | 44.8 | 37.8 | 8.3 | 26.6 |
| 2020-07 | 43.2 | 37.7 | 5.4 | 28.4 |
| 2020-06 | 40.3 | 35.8 | 5.3 | 29.6 |
| 2020-05 | 29.4 | 27.5 | 4.9 | 31.0 |
| 2020-04 | 18.5 | 16.9 | 6.7 | 28.8 |
| 2020-03 | 31.9 | 28.8 | 8.4 | 22.9 |
| 2020-02 | 55.7 | 51.1 | 9.1 | 22.5 |
| 2020-01 | 63.6 | 57.3 | 11.2 | 22.1 |
| 2019-12 | 67.2 | 60.4 | 14.2 | 22.9 |
| 2019-11 | 63.2 | 57.2 | 15.9 | 22.9 |
| 2019-10 | 59.7 | 54.0 | 15.6 | 22.4 |
| 2019-09 | 62.8 | 57.1 | 13.0 | 23.1 |
| 2019-08 | 59.0 | 53.1 | 11.3 | 22.7 |
| 2019-07 | 63.9 | 57.0 | 11.0 | 22.6 |
| 2019-06 | 64.3 | 56.9 | 10.8 | 21.8 |
| 2019-05 | 71.2 | 63.6 | 13.2 | 21.9 |
| 2019-04 | 71.2 | 63.4 | 14.9 | 22.9 |
| 2019-03 | 66.1 | 58.5 | 15.6 | 23.7 |
| 2019-02 | 64.0 | 56.4 | 18.1 | 25.1 |
| 2019-01 | 59.4 | 52.0 | 21.7 | 25.3 |
| 2018-12 | 56.5 | 49.8 | 23.9 | 25.2 |
| 2018-11 | 64.7 | 57.0 | 24.8 | 25.5 |
| 2018-10 | 81.0 | 70.6 | 26.1 | 24.1 |
| 2018-09 | 78.9 | 67.7 | 27.9 | 23.3 |
| 2018-08 | 72.5 | 62.8 | 23.9 | 22.7 |
| 2018-07 | 74.3 | 63.5 | 22.2 | 20.5 |
| 2018-06 | 74.4 | 63.7 | 21.8 | 19.8 |
| 2018-05 | 76.9 | 65.2 | 21.6 | 18.7 |
| 2018-04 | 72.0 | 58.7 | 19.3 | 16.9 |
| 2018-03 | 66.0 | 53.5 | 18.5 | 17.7 |
| 2018-02 | 65.3 | 52.9 | 18.6 | 17.6 |
| 2018-01 | 69.1 | 56.6 | 18.6 | 19.1 |
| 2017-12 | 64.4 | 54.4 | 20.6 | 20.6 |
| 2017-11 | 62.7 | 53.4 | 19.5 | 19.6 |
| 2017-10 | 57.5 | 48.9 | 17.9 | 17.3 |
| 2017-09 | 55.5 | 46.6 | 17.1 | 17.2 |
| 2017-08 | 51.9 | 44.0 | 15.8 | 17.3 |
| 2017-07 | 49.1 | 42.6 | 14.8 | 17.8 |
| 2017-06 | 47.6 | 42.4 | 14.9 | 17.8 |
| 2017-05 | 51.4 | 46.5 | 15.6 | 19.5 |
| 2017-04 | 53.8 | 50.1 | 16.0 | 21.6 |
| 2017-03 | 52.6 | 49.2 | 16.0 | 23.4 |
| 2017-02 | 56.0 | 52.6 | 19.4 | 23.6 |
| 2017-01 | 55.4 | 52.2 | 19.7 | 21.5 |
| 2016-12 | 54.9 | 52.1 | 17.5 | 18.8 |
| 2016-11 | 47.1 | 43.7 | 18.0 | 17.1 |
| 2016-10 | 51.4 | 46.6 | 16.5 | 19.2 |
| 2016-09 | 47.7 | 42.5 | 12.9 | 22.0 |
| 2016-08 | 46.8 | 41.8 | 12.3 | 23.2 |
| 2016-07 | 45.3 | 41.0 | 14.4 | 23.5 |
| 2016-06 | 48.2 | 43.0 | 14.4 | 24.2 |
| 2016-05 | 46.7 | 41.3 | 13.1 | 24.6 |
| 2016-04 | 41.6 | 36.7 | 12.0 | 25.4 |
| 2016-03 | 38.2 | 34.4 | 12.0 | 26.9 |
| 2016-02 | 32.2 | 29.0 | 12.2 | 30.3 |
| 2016-01 | 30.7 | 28.3 | 13.8 | 32.0 |
graphiquePrices of energy
- Source: INSEE.
tableauEnergy prices
| prices of last month | changes (in %) | |||
|---|---|---|---|---|
| M/M-1 | M/M-3 | M/M-12 | ||
| Brent in $ per barrel | 79.3 | 7.4 | 4.8 | -0.9 |
| Brent in € per barrel | 76.6 | 8.6 | 10.4 | 4.4 |
| Natural gas (TTF) in €/MWh | 48.3 | 7.0 | 19.6 | 61.6 |
| Uranium in €/pound | 70.6 | -1.4 | -6.6 | -22.8 |
- Source: INSEE.
Prices in euros of industrial raw materials increased slightly again
In January 2025, prices in euros of industrial raw materials remained on the rise (+1.2% after +0.9% in December). Year on year, they increased by 5.7%.
Prices of mineral materials continued to grow (+1.1% after +0.9%), driven by an acceleration in the prices of precious metals (+3.2% after +0.5%) and non-ferrous metals (+1.0% after +0.1%). Conversely, prices for ferrous metals fell back slightly (‑0.5% after +3.0%). Over one year, prices for mineral materials increased by 5.4%, driven by the strong rise in the prices of precious metals (+37.7%) and non-ferrous metals (+16.7%). In contrast, ferrous metal prices dropped significantly (‑21.6%).
Prices of agro-industrial raw materials accelerated slightly (+1.6% after +0.4%), driven by an acceleration in pulp prices (+3.6% after +0.8%) and the rebound in those for sawn softwood (+1.7% after ‑2.0%). Additionally, the prices for natural textile fibres edged up (+0.3% after ‑0.1%). Conversely, the prices for natural rubber retreated (‑0.9% after +4.8%), as did those for hides (‑0.7% after +2.4%), and tropical sawn wood (‑1.1% after +0.7%). Year on year, prices for agro-industrial raw materials advanced by 7.2%, driven by soaring natural rubber prices (+33.4%) and significant increases in those for paper pulp (+8.9%) and sawn softwood (+7.6%). Only the prices for natural textile fibres declined (‑6.8%).
tableauIndustrial raw materials
| Price index in foreign currencies | Price index in euros | |
|---|---|---|
| 2025-01 | 108.5 | 138.4 |
| 2024-12 | 108.5 | 136.7 |
| 2024-11 | 109.1 | 135.6 |
| 2024-10 | 110.8 | 134.3 |
| 2024-09 | 105.1 | 125.1 |
| 2024-08 | 104.4 | 125.2 |
| 2024-07 | 106.5 | 129.7 |
| 2024-06 | 108.8 | 133.5 |
| 2024-05 | 114.6 | 140.0 |
| 2024-04 | 110.5 | 136.0 |
| 2024-03 | 104.3 | 126.7 |
| 2024-02 | 104.9 | 128.4 |
| 2024-01 | 108.0 | 130.9 |
| 2023-12 | 109.3 | 132.5 |
| 2023-11 | 107.3 | 131.2 |
| 2023-10 | 103.4 | 129.1 |
| 2023-09 | 104.6 | 129.2 |
| 2023-08 | 101.1 | 122.4 |
| 2023-07 | 103.0 | 123.1 |
| 2023-06 | 102.5 | 125.1 |
| 2023-05 | 101.6 | 123.7 |
| 2023-04 | 108.3 | 130.8 |
| 2023-03 | 110.8 | 137.0 |
| 2023-02 | 113.7 | 140.6 |
| 2023-01 | 114.5 | 140.8 |
| 2022-12 | 108.3 | 135.3 |
| 2022-11 | 100.7 | 130.3 |
| 2022-10 | 98.3 | 131.9 |
| 2022-09 | 101.2 | 135.0 |
| 2022-08 | 107.6 | 140.7 |
| 2022-07 | 106.0 | 138.1 |
| 2022-06 | 119.1 | 149.6 |
| 2022-05 | 125.9 | 157.9 |
| 2022-04 | 141.2 | 173.5 |
| 2022-03 | 146.3 | 176.8 |
| 2022-02 | 135.0 | 158.4 |
| 2022-01 | 128.2 | 150.8 |
| 2021-12 | 120.6 | 141.9 |
| 2021-11 | 112.2 | 130.7 |
| 2021-10 | 120.9 | 138.6 |
| 2021-09 | 118.4 | 133.8 |
| 2021-08 | 124.0 | 140.0 |
| 2021-07 | 135.0 | 151.8 |
| 2021-06 | 136.6 | 150.8 |
| 2021-05 | 140.6 | 154.1 |
| 2021-04 | 129.1 | 143.5 |
| 2021-03 | 122.2 | 136.6 |
| 2021-02 | 118.7 | 130.5 |
| 2021-01 | 115.8 | 126.6 |
| 2020-12 | 111.1 | 121.3 |
| 2020-11 | 97.0 | 108.8 |
| 2020-10 | 92.7 | 104.4 |
| 2020-09 | 94.8 | 106.5 |
| 2020-08 | 93.5 | 104.7 |
| 2020-07 | 85.4 | 98.5 |
| 2020-06 | 80.0 | 94.0 |
| 2020-05 | 74.7 | 90.6 |
| 2020-04 | 71.5 | 86.9 |
| 2020-03 | 75.1 | 89.8 |
| 2020-02 | 78.3 | 95.0 |
| 2020-01 | 82.5 | 98.3 |
| 2019-12 | 80.7 | 96.1 |
| 2019-11 | 78.1 | 93.5 |
| 2019-10 | 79.0 | 94.5 |
| 2019-09 | 81.1 | 97.4 |
| 2019-08 | 80.2 | 95.3 |
| 2019-07 | 89.5 | 105.7 |
| 2019-06 | 85.5 | 100.3 |
| 2019-05 | 83.8 | 99.2 |
| 2019-04 | 84.3 | 99.5 |
| 2019-03 | 82.4 | 96.8 |
| 2019-02 | 82.6 | 96.5 |
| 2019-01 | 76.9 | 89.3 |
| 2018-12 | 75.3 | 87.5 |
| 2018-11 | 77.5 | 90.2 |
| 2018-10 | 78.8 | 90.8 |
| 2018-09 | 77.1 | 87.5 |
| 2018-08 | 77.9 | 89.3 |
| 2018-07 | 78.9 | 89.5 |
| 2018-06 | 82.9 | 94.4 |
| 2018-05 | 83.7 | 94.4 |
| 2018-04 | 83.1 | 90.2 |
| 2018-03 | 82.5 | 89.2 |
| 2018-02 | 86.5 | 93.3 |
| 2018-01 | 86.1 | 93.9 |
| 2017-12 | 81.8 | 91.8 |
| 2017-11 | 80.2 | 90.8 |
| 2017-10 | 79.2 | 89.5 |
| 2017-09 | 81.3 | 90.7 |
| 2017-08 | 80.0 | 90.0 |
| 2017-07 | 74.4 | 85.7 |
| 2017-06 | 70.2 | 82.8 |
| 2017-05 | 72.1 | 86.4 |
| 2017-04 | 75.4 | 93.1 |
| 2017-03 | 80.9 | 100.3 |
| 2017-02 | 81.5 | 101.4 |
| 2017-01 | 76.9 | 95.9 |
| 2016-12 | 75.5 | 94.9 |
| 2016-11 | 71.9 | 88.3 |
| 2016-10 | 64.8 | 78.0 |
| 2016-09 | 63.9 | 75.7 |
| 2016-08 | 65.7 | 77.8 |
| 2016-07 | 64.5 | 77.4 |
| 2016-06 | 61.2 | 72.4 |
| 2016-05 | 61.9 | 72.8 |
| 2016-04 | 63.6 | 74.6 |
| 2016-03 | 61.0 | 73.1 |
| 2016-02 | 56.6 | 67.8 |
| 2016-01 | 53.7 | 65.6 |
| 2015-12 | 54.3 | 66.4 |
| 2015-11 | 56.2 | 69.7 |
| 2015-10 | 60.7 | 72.0 |
| 2015-09 | 62.4 | 74.0 |
| 2015-08 | 62.2 | 74.5 |
| 2015-07 | 64.1 | 77.9 |
| 2015-06 | 69.1 | 82.3 |
| 2015-05 | 70.5 | 84.3 |
| 2015-04 | 67.4 | 83.4 |
| 2015-03 | 68.3 | 84.1 |
| 2015-02 | 70.7 | 83.1 |
| 2015-01 | 73.3 | 84.2 |
| 2014-12 | 77.3 | 83.7 |
| 2014-11 | 80.4 | 86.0 |
| 2014-10 | 81.7 | 86.1 |
| 2014-09 | 83.8 | 86.7 |
| 2014-08 | 87.3 | 87.5 |
| 2014-07 | 87.7 | 86.4 |
| 2014-06 | 84.7 | 83.1 |
| 2014-05 | 86.1 | 83.7 |
| 2014-04 | 89.2 | 86.1 |
| 2014-03 | 87.6 | 84.6 |
| 2014-02 | 90.3 | 88.3 |
| 2014-01 | 92.5 | 90.8 |
| 2013-12 | 94.2 | 91.8 |
| 2013-11 | 93.5 | 92.4 |
| 2013-10 | 92.8 | 90.8 |
| 2013-09 | 92.5 | 92.5 |
| 2013-08 | 93.6 | 93.8 |
| 2013-07 | 89.7 | 91.5 |
| 2013-06 | 87.5 | 88.5 |
| 2013-05 | 91.0 | 93.6 |
| 2013-04 | 95.6 | 97.8 |
| 2013-03 | 98.9 | 101.7 |
| 2013-02 | 104.8 | 104.5 |
| 2013-01 | 103.2 | 103.5 |
graphiqueIndustrial raw materials
- Source: INSEE.
Most prices of strategic materials for the industry rose
In January 2025, the price in euros of platinum rebounded (+2.7% after ‑1.5% in December), as did those of palladium (+2.5% after ‑4.2%), copper (+1.9% after ‑0.3%), silver (+0.9% after ‑0.8%), chromium (+0.9% after being stable), and nickel (+0.6% after ‑0.3%). The price of molybdenum, meanwhile, slowed (+1.3% after +5.8%). Conversely, the price of cobalt fell back (‑1.0% after +1.4%) and that of lithium continued to decrease (‑4.3% after ‑1.6%).
tableauPrices of strategic materials for the industry
| prices of last month | changes (in %) | |||
|---|---|---|---|---|
| M/M-1 | M/M-3 | M/M-12 | ||
| Silver (cts €/ounce) | 2,932.9 | 0.9 | -1.4 | 39.4 |
| Chromium (€/tonne) | 8,267.2 | 0.9 | -0.2 | -6.1 |
| Cobalt (€/tonne) | 22,948.9 | -1.0 | 3.1 | -13.0 |
| Copper (€/tonne) | 8,670.8 | 1.9 | -0.9 | 13.3 |
| Lithium (€/tonne) | 88,149.2 | -4.3 | -6.4 | -21.6 |
| Molybdenum (€/tonne) | 49,020.3 | 1.3 | 20.7 | 30.0 |
| Nickel (€/tonne) | 14,844.7 | 0.6 | -3.6 | 0.7 |
| Palladium (€/ounce) | 926.7 | 2.5 | -5.6 | 3.4 |
| Platinum (€/ounce) | 921.2 | 2.7 | 0.0 | 7.8 |
- Within the mineral raw materials index, silver, palladium and platinum are classified as precious metals, while the other strategic raw materials for industry are classified as non-ferrous metals.
- Source: INSEE.
Food commodity prices in euros slowed over one month
In January 2025, prices in euros of food commodities slowed (+2.1% after +4.6% in December), but followed contrasting trends. Meat prices rebounded strongly (+10.1% after ‑4.0%), as did those for seafood products (+7.2% after ‑1.8%). Tropical commodity prices, for their part, decelerated sharply (+5.0% after +20.0%). Conversely, prices for cereals slipped back (‑1.1% after +4.5%), while those for oilseeds declined significantly again (‑4.9% after ‑5.0%), like those for sugar (‑6.0% after ‑4.4%). Over one year, food commodity prices rose very sharply (+25.3%), driven by skyrocketing tropical commodity prices (+107.6%), particularly cocoa (+163.6%) and coffee (+84.4%). Meat prices were also up sharply year on year (+15.8%). Conversely, cereal prices fell significantly (‑12.5%), as did those for sugar (‑11.8%).
tableauFood raw materials
| Price index in foreign currencies | Price index in euros | |
|---|---|---|
| 2025-01 | 196.5 | 218.7 |
| 2024-12 | 193.8 | 214.3 |
| 2024-11 | 187.5 | 204.9 |
| 2024-10 | 179.7 | 192.2 |
| 2024-09 | 181.3 | 191.1 |
| 2024-08 | 180.2 | 191.2 |
| 2024-07 | 176.4 | 189.6 |
| 2024-06 | 183.4 | 199.1 |
| 2024-05 | 179.6 | 193.6 |
| 2024-04 | 185.6 | 201.5 |
| 2024-03 | 176.0 | 189.2 |
| 2024-02 | 166.9 | 180.7 |
| 2024-01 | 162.3 | 174.6 |
| 2023-12 | 162.7 | 174.7 |
| 2023-11 | 162.1 | 174.4 |
| 2023-10 | 157.4 | 172.7 |
| 2023-09 | 157.2 | 171.5 |
| 2023-08 | 158.4 | 170.3 |
| 2023-07 | 159.9 | 170.1 |
| 2023-06 | 157.0 | 168.4 |
| 2023-05 | 155.4 | 166.4 |
| 2023-04 | 157.8 | 168.6 |
| 2023-03 | 152.6 | 166.5 |
| 2023-02 | 152.5 | 167.3 |
| 2023-01 | 149.1 | 163.7 |
| 2022-12 | 147.1 | 163.6 |
| 2022-11 | 147.9 | 169.4 |
| 2022-10 | 151.9 | 178.4 |
| 2022-09 | 154.0 | 181.2 |
| 2022-08 | 161.0 | 187.9 |
| 2022-07 | 162.4 | 186.6 |
| 2022-06 | 165.1 | 185.0 |
| 2022-05 | 165.9 | 186.6 |
| 2022-04 | 167.7 | 188.0 |
| 2022-03 | 162.8 | 179.9 |
| 2022-02 | 154.0 | 165.4 |
| 2022-01 | 150.0 | 161.6 |
| 2021-12 | 145.9 | 157.3 |
| 2021-11 | 144.5 | 154.9 |
| 2021-10 | 143.8 | 152.5 |
| 2021-09 | 140.5 | 146.6 |
| 2021-08 | 143.6 | 149.2 |
| 2021-07 | 136.7 | 141.7 |
| 2021-06 | 137.3 | 140.8 |
| 2021-05 | 139.1 | 141.8 |
| 2021-04 | 133.7 | 138.3 |
| 2021-03 | 125.9 | 130.3 |
| 2021-02 | 122.6 | 125.0 |
| 2021-01 | 118.8 | 120.4 |
| 2020-12 | 114.8 | 116.2 |
| 2020-11 | 112.8 | 116.4 |
| 2020-10 | 110.0 | 113.5 |
| 2020-09 | 108.1 | 111.7 |
| 2020-08 | 104.5 | 108.0 |
| 2020-07 | 101.9 | 107.6 |
| 2020-06 | 103.7 | 110.9 |
| 2020-05 | 107.2 | 117.4 |
| 2020-04 | 101.5 | 110.4 |
| 2020-03 | 105.4 | 113.4 |
| 2020-02 | 107.9 | 119.5 |
| 2020-01 | 109.4 | 120.1 |
| 2019-12 | 109.6 | 120.2 |
| 2019-11 | 107.4 | 118.0 |
| 2019-10 | 102.8 | 113.0 |
| 2019-09 | 101.9 | 112.7 |
| 2019-08 | 104.1 | 114.0 |
| 2019-07 | 106.5 | 116.6 |
| 2019-06 | 108.6 | 118.1 |
| 2019-05 | 106.5 | 116.5 |
| 2019-04 | 108.5 | 118.8 |
| 2019-03 | 106.0 | 115.3 |
| 2019-02 | 107.9 | 116.9 |
| 2019-01 | 108.6 | 117.2 |
| 2018-12 | 106.9 | 115.6 |
| 2018-11 | 108.3 | 117.6 |
| 2018-10 | 109.4 | 118.3 |
| 2018-09 | 104.3 | 111.2 |
| 2018-08 | 106.6 | 114.5 |
| 2018-07 | 112.6 | 120.1 |
| 2018-06 | 117.0 | 125.0 |
| 2018-05 | 116.7 | 123.2 |
| 2018-04 | 115.0 | 117.9 |
| 2018-03 | 115.3 | 118.0 |
| 2018-02 | 112.2 | 114.5 |
| 2018-01 | 110.2 | 113.5 |
| 2017-12 | 109.2 | 114.7 |
| 2017-11 | 111.7 | 118.6 |
| 2017-10 | 111.8 | 119.1 |
| 2017-09 | 112.9 | 119.3 |
| 2017-08 | 117.7 | 125.2 |
| 2017-07 | 121.1 | 130.9 |
| 2017-06 | 120.0 | 131.8 |
| 2017-05 | 118.1 | 131.6 |
| 2017-04 | 115.9 | 132.6 |
| 2017-03 | 119.0 | 136.9 |
| 2017-02 | 119.5 | 138.6 |
| 2017-01 | 120.2 | 139.1 |
| 2016-12 | 115.9 | 134.6 |
| 2016-11 | 118.4 | 135.0 |
| 2016-10 | 115.8 | 130.4 |
| 2016-09 | 115.2 | 127.5 |
| 2016-08 | 115.9 | 128.0 |
| 2016-07 | 119.2 | 132.7 |
| 2016-06 | 118.5 | 130.7 |
| 2016-05 | 112.1 | 123.0 |
| 2016-04 | 110.1 | 120.6 |
| 2016-03 | 106.5 | 118.3 |
| 2016-02 | 104.7 | 116.1 |
| 2016-01 | 104.6 | 117.8 |
| 2015-12 | 105.1 | 118.4 |
| 2015-11 | 105.7 | 120.8 |
| 2015-10 | 107.2 | 118.6 |
| 2015-09 | 106.4 | 117.7 |
| 2015-08 | 108.5 | 120.9 |
| 2015-07 | 108.9 | 123.3 |
| 2015-06 | 108.3 | 121.3 |
| 2015-05 | 107.1 | 121.0 |
| 2015-04 | 108.0 | 125.1 |
| 2015-03 | 108.5 | 124.7 |
| 2015-02 | 111.8 | 124.1 |
| 2015-01 | 114.3 | 123.8 |
| 2014-12 | 114.9 | 119.2 |
| 2014-11 | 116.6 | 121.1 |
| 2014-10 | 117.7 | 121.0 |
| 2014-09 | 116.7 | 118.8 |
| 2014-08 | 118.9 | 117.8 |
| 2014-07 | 120.2 | 117.2 |
| 2014-06 | 121.3 | 118.3 |
| 2014-05 | 124.0 | 120.0 |
| 2014-04 | 126.9 | 122.0 |
| 2014-03 | 126.0 | 121.0 |
| 2014-02 | 119.0 | 115.2 |
| 2014-01 | 113.1 | 109.7 |
| 2013-12 | 111.7 | 107.7 |
| 2013-11 | 110.6 | 108.3 |
| 2013-10 | 109.9 | 106.9 |
| 2013-09 | 110.7 | 109.9 |
| 2013-08 | 111.9 | 111.4 |
| 2013-07 | 115.4 | 116.5 |
| 2013-06 | 116.0 | 117.0 |
| 2013-05 | 114.5 | 117.4 |
| 2013-04 | 111.4 | 114.0 |
| 2013-03 | 110.3 | 113.4 |
| 2013-02 | 107.9 | 108.6 |
| 2013-01 | 106.2 | 107.4 |
graphiqueFood raw materials
- Source: INSEE.
tableauImported raw materials (excluding energy) in euros
| Index of last month | changes (in %) | |||
|---|---|---|---|---|
| M/M-1 | M/M-3 | M/M-12 | ||
| Industrial raw materials | 138.4 | 1.2 | 3.0 | 5.7 |
| Agricultural raw materials | 142.3 | 1.6 | 6.0 | 7.2 |
| Natural textile fibres | 110.4 | 0.3 | 0.8 | -6.8 |
| Natural rubber | 73.3 | -0.9 | 2.1 | 33.4 |
| Hides | 104.9 | -0.7 | 1.6 | 2.7 |
| Wood pulp | 148.1 | 3.6 | 5.8 | 8.9 |
| Tropical sawn wood | 101.4 | -1.1 | -0.4 | 2.4 |
| Sawn softwood | 246.8 | 1.7 | 12.7 | 7.6 |
| Minerals | 135.1 | 1.1 | 2.5 | 5.4 |
| Ferrous metals | 94.5 | -0.5 | 4.3 | -21.6 |
| Non-ferrous metals | 144.1 | 1.0 | 0.9 | 16.7 |
| Precious metals | 231.4 | 3.2 | 4.0 | 37.7 |
| Food total | 218.7 | 2.1 | 13.8 | 25.3 |
| Tropical foodstuffs | 381.6 | 5.0 | 40.9 | 107.6 |
| Oilseeds, vegetable oils | 158.0 | -4.9 | -7.8 | -3.8 |
| Cereals | 140.6 | -1.1 | 5.8 | -12.5 |
| Sugar | 109.2 | -6.0 | -10.7 | -11.8 |
| Meat | 200.9 | 10.1 | 11.0 | 15.8 |
| Seafood products | 153.8 | 7.2 | 12.0 | -0.2 |
| All commodities | 175.0 | 1.6 | 8.9 | 16.2 |
- Source: INSEE.
Revisions
For December 2024, the monthly change in the food commodity price index in euros was revised downwards by 0.2 points, standing at +4.6% instead of +4.8%. Consequently, the monthly change in the imported raw materials price index in euros was also revised downwards by 0.1 points, standing at +3.0% instead of +3.1%.
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.
Natural gas: TTF (futures contracts in the Netherlands) is considered as the benchmark market in Europe.
Uranium: the price monitored is that of triuranium octaoxide (U3O8) listed on the New York Mercantile Exchange.
Energy: prices of energy are monthly averages.
Indices of non-energy raw materials imported by France: the indices calculated by INSEE are monthly averages of raw material prices, weighted by their share in the French imports of raw materials (2010 = 100).
Strategic materials for the industry: the list of strategic materials monitored is a non-exhaustive selection of raw materials with which the French industry is particularly dependent, especially with regard to the energy transition. This selection is based on the work of the French Geological and Mining Research Bureau (BRGM) on critical and strategic materials.
Next issue: 26 March 2025 at 12.00 pm.
Pour en savoir plus
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.
Natural gas: TTF (futures contracts in the Netherlands) is considered as the benchmark market in Europe.
Uranium: the price monitored is that of triuranium octaoxide (U3O8) listed on the New York Mercantile Exchange.
Energy: prices of energy are monthly averages.
Indices of non-energy raw materials imported by France: the indices calculated by INSEE are monthly averages of raw material prices, weighted by their share in the French imports of raw materials (2010 = 100).
Strategic materials for the industry: the list of strategic materials monitored is a non-exhaustive selection of raw materials with which the French industry is particularly dependent, especially with regard to the energy transition. This selection is based on the work of the French Geological and Mining Research Bureau (BRGM) on critical and strategic materials.
Next issue: 26 March 2025 at 12.00 pm.