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Informations Rapides · 29 July 2021 · n° 196
Informations rapidesIn June 2021, the price of oil continues to rise Prices of oil and raw material imports - June 2021

In June 2021, the price of oil in euros accelerates (+7.7% after +4.3% in May). The prices in euros of imported commodities (excluding energy) ease (+1.7% after +3.9%), as much because of the prices of industrial raw materials (+2.6% after +6.5%) than raw food materials (+1.0% after +1.8%).

Informations rapides
No 196
Paru le :Paru le29/07/2021
Warning:

For January 2021 to June 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 June 2021, the price of oil in euros accelerates (+7.7% after +4.3% in May). The prices in euros of imported commodities (excluding energy) ease (+1.7% after +3.9%), as much because of the prices of industrial raw materials (+2.6% after +6.5%) than raw food materials (+1.0% after +1.8%).

Imported raw materials (excluding energy)

index 2000=100
Imported raw materials (excluding energy) (index 2000=100)
Prices in foreign currencies Prices in euros
2013-01 106.8 106.6
2013-02 108.0 107.3
2013-03 105.3 107.1
2013-04 104.2 105.6
2013-05 102.9 104.5
2013-06 100.2 100.5
2013-07 102.4 103.4
2013-08 102.8 102.5
2013-09 100.0 99.5
2013-10 100.2 98.0
2013-11 100.7 99.4
2013-12 103.1 100.7
2014-01 102.5 100.4
2014-02 102.8 100.5
2014-03 104.3 100.9
2014-04 106.1 102.7
2014-05 102.9 100.1
2014-06 100.7 98.8
2014-07 102.8 101.1
2014-08 101.9 101.5
2014-09 98.6 100.7
2014-10 97.0 100.4
2014-11 96.7 101.3
2014-12 94.4 99.7
2015-01 91.5 101.1
2015-02 89.1 100.2
2015-03 86.8 101.4
2015-04 85.5 100.4
2015-05 86.5 98.7
2015-06 85.6 97.4
2015-07 83.1 95.7
2015-08 81.4 92.9
2015-09 80.2 91.0
2015-10 79.6 90.0
2015-11 77.2 90.3
2015-12 75.5 87.4
2016-01 74.7 87.1
2016-02 76.5 87.6
2016-03 80.0 91.6
2016-04 82.6 92.8
2016-05 82.2 92.5
2016-06 84.4 95.6
2016-07 87.0 99.8
2016-08 86.5 98.1
2016-09 85.4 96.8
2016-10 86.3 99.3
2016-11 92.1 107.8
2016-12 93.5 111.7
2017-01 95.3 113.3
2017-02 98.4 116.7
2017-03 97.7 115.5
2017-04 93.1 109.6
2017-05 91.7 105.3
2017-06 91.1 103.2
2017-07 94.1 104.2
2017-08 95.0 103.0
2017-09 93.2 100.1
2017-10 91.5 99.5
2017-11 92.2 100.6
2017-12 92.4 100.0
2018-01 95.1 100.3
2018-02 96.4 100.7
2018-03 95.5 99.9
2018-04 95.4 100.2
2018-05 97.3 105.5
2018-06 97.1 106.4
2018-07 92.7 101.5
2018-08 90.0 99.5
2018-09 88.5 97.1
2018-10 92.0 101.9
2018-11 91.2 101.9
2018-12 89.1 99.5
2019-01 91.0 101.4
2019-02 93.7 105.3
2019-03 93.2 104.7
2019-04 95.4 107.9
2019-05 94.6 107.0
2019-06 96.5 108.6
2019-07 98.4 111.5
2019-08 91.6 104.5
2019-09 91.2 104.9
2019-10 90.6 103.9
2019-11 91.4 104.7
2019-12 94.1 107.4
2020-01 94.5 108.3
2020-02 93.0 107.7
2020-03 90.3 103.4
2020-04 87.5 101.8
2020-05 90.4 104.9
2020-06 89.8 101.3
2020-07 91.2 101.3
2020-08 95.3 103.0
2020-09 97.2 105.3
2020-10 98.2 106.5
2020-11 100.6 108.7
2020-12 105.4 111.1
2021-01 108.4 114.3
2021-02 110.1 116.8
2021-03 112.7 121.1
2021-04 119.1 127.4
2021-05 125.5 132.4
2021-06 126.7 134.7

Imported raw materials (excluding energy)

  • Source: INSEE

Oil prices keep rising

In June 2021, the price of North Sea crude oil (Brent) in dollars accelerates (+6.8% after +5.8%) to an average of $73 per barrel. In euros, the rise is even more important (+7.7% after +4.3%).

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

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 73.2 6.8 11.9 81.7
Brent in € per barrel 60.8 7.7 10.5 69.8
Gasoline cts €/L 47.5 3.2 7.8 80.6
Gas Oil 491.3 7.4 11.9 64.1
Heavy fuel 334.5 7.4 7.1 77.6
Naphtha 517.5 6.9 6.1 77.5
  • Prices are in euros per tonne unless otherwise specified
  • Source: INSEE

The prices of industrial commodity ease a little

In June 2021, the prices of industrial raw materials decelerate (+2.6% after +6.5%) mainly due to mineral materials prices (+1.7% after +7.9%). Indeed, the prices of ferrous metals slacken (+3.9% after +13.9%), so does the prices of non ferrous metals (+0.4% after +4.3%). The prices of precious metals fold even slightly (−0.8% after +4.0%).

On the other hand, the prices of agricultural raw materials recover (+6.9% after −0.2%). This rebound is pulled by soaring hide prices (+33.8% after +2.3%) and the acceleration of the prices of natural textile fibres (+3.9% after +1.7%). The prices of natural rubber decrease (−1.9% after +1,1%) while tropical wood prices increase slightly (+0.5% after +0.3%).

Industrial raw materials

index 2000=100
Industrial raw materials (index 2000=100)
Prices in foreign currencies Prices in euros
2013-01 103.4 103.0
2013-02 104.9 104.0
2013-03 99.2 100.8
2013-04 95.9 97.1
2013-05 91.0 92.4
2013-06 86.8 87.0
2013-07 89.4 90.2
2013-08 93.4 92.9
2013-09 92.2 91.5
2013-10 92.3 90.0
2013-11 93.1 91.6
2013-12 92.9 90.2
2014-01 91.2 89.0
2014-02 88.9 86.5
2014-03 86.1 83.0
2014-04 87.8 84.7
2014-05 84.7 82.2
2014-06 83.3 81.4
2014-07 86.6 84.9
2014-08 86.6 86.0
2014-09 83.4 85.0
2014-10 81.5 84.3
2014-11 80.6 84.3
2014-12 77.5 81.8
2015-01 74.2 82.2
2015-02 72.2 81.5
2015-03 70.4 82.4
2015-04 68.8 80.9
2015-05 71.3 81.7
2015-06 69.9 79.7
2015-07 64.8 74.9
2015-08 63.1 72.2
2015-09 63.2 72.0
2015-10 61.7 70.2
2015-11 58.1 68.3
2015-12 55.9 64.9
2016-01 55.1 64.3
2016-02 57.7 66.3
2016-03 62.5 71.7
2016-04 64.7 72.9
2016-05 62.7 70.8
2016-06 62.0 70.6
2016-07 65.8 75.7
2016-08 67.1 76.4
2016-09 65.2 74.3
2016-10 66.6 76.9
2016-11 74.3 87.4
2016-12 77.9 93.3
2017-01 78.2 93.1
2017-02 83.3 99.0
2017-03 82.5 97.8
2017-04 76.9 90.8
2017-05 72.9 84.0
2017-06 70.7 80.4
2017-07 75.0 83.6
2017-08 80.1 87.4
2017-09 80.2 86.8
2017-10 78.3 85.7
2017-11 79.6 87.3
2017-12 81.7 89.0
2018-01 85.6 90.8
2018-02 86.1 90.5
2018-03 82.2 86.5
2018-04 82.4 87.1
2018-05 84.1 91.8
2018-06 83.9 92.4
2018-07 79.7 87.8
2018-08 78.8 87.6
2018-09 78.1 86.1
2018-10 80.0 89.3
2018-11 79.0 88.9
2018-12 77.0 86.5
2019-01 78.8 88.5
2019-02 84.6 95.5
2019-03 84.1 95.3
2019-04 86.0 97.9
2019-05 85.9 98.2
2019-06 88.4 100.3
2019-07 92.8 105.9
2019-08 82.3 94.5
2019-09 83.0 96.3
2019-10 80.9 93.6
2019-11 79.6 92.0
2019-12 82.4 94.8
2020-01 83.5 96.1
2020-02 79.8 93.1
2020-03 77.0 88.8
2020-04 74.5 87.2
2020-05 75.9 88.6
2020-06 80.0 91.0
2020-07 83.5 93.5
2020-08 89.5 97.7
2020-09 90.9 99.4
2020-10 91.1 99.9
2020-11 95.1 103.7
2020-12 104.2 110.9
2021-01 106.8 113.9
2021-02 107.8 115.5
2021-03 110.0 119.5
2021-04 114.2 123.4
2021-05 123.1 131.4
2021-06 125.3 134.7

Industrial raw materials

  • Source: INSEE

Food commodity prices continue to slow down

In euros, the prices of imported raw food materials ease again (+1.0% after +1.8% in May and +6.8% in April). The prices of cereals fall back (−3.7% after +4.3%), as well as the prices of oil seeds (−4.0% after +5.6%), whereas meat prices stagnate (−0.2% after +1.4%). The prices of sugar (+1.0% after +4.2%) also contributes to the global easing, as well as the tropical foodstuff prices, even if their increase remains significant (+3.7% after +6.1%). Conversely, the prices of seafood products strongly recover (+7.0% after −6.3%).

Food

index 2000=100
Food (index 2000=100)
Prices in foreign currencies Prices in euros
2013-01 111.4 111.5
2013-02 112.2 111.8
2013-03 113.2 115.2
2013-04 114.8 116.4
2013-05 118.0 120.0
2013-06 117.1 117.8
2013-07 118.9 120.2
2013-08 114.8 114.8
2013-09 110.1 109.8
2013-10 110.3 108.3
2013-11 110.5 109.4
2013-12 116.2 114.1
2014-01 116.7 114.8
2014-02 120.3 118.0
2014-03 126.8 123.3
2014-04 128.7 125.2
2014-05 125.5 122.4
2014-06 122.4 120.4
2014-07 122.9 121.3
2014-08 121.0 120.9
2014-09 117.5 120.2
2014-10 116.3 120.6
2014-11 116.7 122.4
2014-12 115.4 122.0
2015-01 113.4 125.0
2015-02 110.4 123.8
2015-03 107.5 125.5
2015-04 106.6 125.1
2015-05 105.5 120.1
2015-06 105.4 119.7
2015-07 106.3 122.3
2015-08 104.8 119.5
2015-09 101.9 115.3
2015-10 102.3 115.4
2015-11 101.8 118.6
2015-12 100.9 116.6
2016-01 100.4 116.9
2016-02 100.8 115.2
2016-03 102.5 117.0
2016-04 105.6 118.2
2016-05 107.6 120.5
2016-06 113.9 128.5
2016-07 114.5 131.1
2016-08 111.5 125.9
2016-09 111.4 125.9
2016-10 111.7 128.2
2016-11 114.5 133.5
2016-12 112.5 134.3
2017-01 117.0 139.0
2017-02 117.3 138.9
2017-03 116.7 137.9
2017-04 113.6 133.6
2017-05 115.7 132.6
2017-06 117.4 132.6
2017-07 118.4 130.6
2017-08 113.8 122.7
2017-09 109.3 116.7
2017-10 107.9 116.8
2017-11 107.9 117.0
2017-12 105.6 113.5
2018-01 106.5 111.8
2018-02 108.8 113.0
2018-03 112.0 116.5
2018-04 111.3 116.3
2018-05 113.6 122.5
2018-06 113.5 123.6
2018-07 108.8 118.5
2018-08 103.7 114.1
2018-09 101.2 110.5
2018-10 106.6 117.3
2018-11 106.3 118.0
2018-12 104.2 115.5
2019-01 106.1 117.4
2019-02 104.6 117.2
2019-03 104.0 116.0
2019-04 106.6 119.9
2019-05 104.8 117.5
2019-06 106.1 118.5
2019-07 104.7 117.6
2019-08 102.8 116.5
2019-09 100.8 115.2
2019-10 102.3 116.5
2019-11 105.8 120.3
2019-12 108.4 122.8
2020-01 107.3 122.4
2020-02 107.7 124.0
2020-03 105.1 119.5
2020-04 101.8 117.9
2020-05 106.2 122.6
2020-06 101.4 113.5
2020-07 100.9 111.2
2020-08 103.4 110.8
2020-09 105.9 113.7
2020-10 107.5 115.6
2020-11 108.6 116.3
2020-12 109.6 114.5
2021-01 113.1 118.1
2021-02 115.5 121.3
2021-03 118.4 126.1
2021-04 127.0 134.8
2021-05 131.3 137.3
2021-06 131.7 138.7

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 138.7 1.0 9.9 22.1
Tropical foodstuffs 107.5 3.7 9.1 23.2
Oil seeds, vegetable oils 134.2 -4.0 3.5 35.9
Cereals 131.8 -3.7 2.2 19.0
Sugar 85.4 1.0 7.7 36.0
Meat 187.9 -0.2 18.1 44.4
Seafood products 118.4 7.0 10.7 -7.6
Industrial raw materials 134.7 2.6 12.7 48.1
Agricultural raw materials 103.7 6.9 5.2 16.5
Natural Fibres 105.5 3.9 4.4 18.8
Natural rubber 54.1 -1.9 -7.2 33.4
Hides 67.2 33.8 36.0 107.3
Wood pulp 107.6 0.8 -1.2 1.2
Tropical wood 99.0 0.5 0.0 4.7
Sawn softwood 143.4 0.8 -1.2 -6.6
Minerals 142.1 1.7 14.4 56.6
Ferrous metals 163.9 3.9 25.0 93.1
Non-ferrous metals 123.0 0.4 8.5 43.8
Precious metals 160.0 -0.8 5.0 12.1
All commodities 134.7 1.7 11.2 33.0
  • 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).

Next issue: 27 August 2021 at 12.00 pm

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