Insee
Informations Rapides · 28 September 2021 · n° 253
Informations rapidesIn August 2021, the price of oil fell back Prices of oil and raw material imports - August 2021

In August 2021, the price of oil in euros declined (−5.3% after +4.6% in July). Imported commodity prices in euros (excluding energy) were virtually stable (−0.1%, after +1.5%). Food commodity prices accelerated (+4.8% after +3.0%), while the prices of industrial raw materials fell (−6.1% after −0.2%).

Informations rapides
No 253
Paru le :Paru le28/09/2021
Imprimer
Découvrir la collection
Données
(xls, 89 Ko)
Warning

Following the unavailability for several months of the data usually used for the price of wood pulp, but also for those of sawn softwood and sunflower oil, a revision of the series underlying the preparation of this publication was carried out. The sources used to trace these prices have therefore been modified and the corresponding series have been revised upwards (they had been extended as constant in previous publications). The revision also concerns, albeit to a lesser extent, the prices of rapeseed oil, wool and hides, whose data have been replaced by sources that are better suited to this monthly publication than those used previously. In addition, the weights of the indices for the year 2021 have been updated with import data for the year 2020. The methodological note attached to this publication presents in greater detail the series and weights now used. In total, these modifications lead to revisions, for the past month and the previous months, of the price index for agro-industrial raw materials and, to a lesser extent, the price indices for food raw materials, industrial raw materials and all imported raw materials (excluding energy).

In August 2021, the price of oil in euros declined (−5.3% after +4.6% in July). Imported commodity prices in euros (excluding energy) were virtually stable (−0.1%, after +1.5%). Food commodity prices accelerated (+4.8% after +3.0%), while the prices of industrial raw materials fell (−6.1% after −0.2%).

Imported raw materials (excluding energy)

index 2010=100
Imported raw materials (excluding energy) (index 2010=100)
Prices in foreign currencies Prices in euros
2013-01 106.7 107.0
2013-02 108.0 107.8
2013-03 104.9 107.5
2013-04 103.8 105.9
2013-05 102.5 105.0
2013-06 100.1 101.0
2013-07 102.1 103.8
2013-08 102.7 102.8
2013-09 100.1 99.9
2013-10 100.5 98.4
2013-11 100.8 99.7
2013-12 103.6 101.2
2014-01 102.7 100.8
2014-02 103.2 100.9
2014-03 104.7 101.3
2014-04 106.5 103.0
2014-05 102.9 100.1
2014-06 100.6 98.8
2014-07 102.5 101.0
2014-08 101.3 101.4
2014-09 97.5 100.5
2014-10 95.8 100.4
2014-11 95.2 101.2
2014-12 92.8 99.6
2015-01 89.1 101.0
2015-02 86.5 100.2
2015-03 84.1 101.7
2015-04 83.0 100.9
2015-05 84.6 99.4
2015-06 83.9 98.1
2015-07 80.8 96.2
2015-08 79.6 93.4
2015-09 78.7 91.6
2015-10 78.0 90.7
2015-11 74.8 90.8
2015-12 73.5 88.0
2016-01 72.7 87.3
2016-02 74.7 87.9
2016-03 78.0 91.8
2016-04 80.8 93.1
2016-05 80.3 92.7
2016-06 82.4 95.8
2016-07 84.8 100.0
2016-08 84.4 98.3
2016-09 83.4 97.0
2016-10 84.3 99.7
2016-11 89.8 108.3
2016-12 91.1 112.4
2017-01 93.2 114.3
2017-02 96.0 117.5
2017-03 95.4 116.3
2017-04 90.6 110.0
2017-05 89.5 105.5
2017-06 89.2 103.5
2017-07 92.2 104.4
2017-08 93.9 103.7
2017-09 92.6 101.4
2017-10 90.8 100.8
2017-11 91.5 101.8
2017-12 91.4 100.8
2018-01 94.1 100.9
2018-02 95.5 101.1
2018-03 94.3 100.0
2018-04 94.2 100.4
2018-05 95.5 105.6
2018-06 94.8 106.1
2018-07 90.5 101.0
2018-08 88.0 99.2
2018-09 86.5 96.7
2018-10 89.7 101.8
2018-11 88.4 101.3
2018-12 86.3 98.8
2019-01 88.3 100.8
2019-02 91.4 105.0
2019-03 90.7 104.7
2019-04 92.9 107.9
2019-05 91.8 106.9
2019-06 93.8 108.3
2019-07 95.8 111.2
2019-08 89.2 104.4
2019-09 88.8 105.0
2019-10 88.3 104.0
2019-11 89.1 105.0
2019-12 91.7 107.5
2020-01 92.6 108.7
2020-02 90.4 107.9
2020-03 87.3 102.8
2020-04 84.0 100.7
2020-05 87.4 104.5
2020-06 87.5 101.2
2020-07 89.6 101.8
2020-08 95.2 104.9
2020-09 96.9 107.1
2020-10 97.4 107.9
2020-11 100.3 110.6
2020-12 106.6 114.4
2021-01 110.1 118.1
2021-02 114.1 123.3
2021-03 117.1 128.5
2021-04 124.1 135.5
2021-05 131.4 141.4
2021-06 128.5 139.3
2021-07 128.1 141.5
2021-08 127.4 141.3

Imported raw materials (excluding energy)

  • Source: INSEE

Oil prices fell back

In August 2021, the price of North Sea crude oil (Brent) in dollars dropped (−5.7% after +2.7%), averaging $70.9. In euro terms, the decline in the price per barrel was almost equivalent (−5.3% after +4.6%).

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
2021-08 70.9 60.2

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 70.9 -5.7 3.4 58.3
Brent in € per barrel 60.2 -5.3 6.7 59.1
Gasoline cts €/L 50.2 -0.6 8.9 80.0
Gas Oil 492.3 -2.8 7.7 56.4
Heavy fuel 329.8 -3.1 8.0 51.3
Naphtha 552.5 -2.3 14.1 73.5
  • Prices are in euros per tonne unless otherwise specified
  • Source: INSEE

The prices of industrial declined

In August 2021, prices in euros of industrial raw materials went down (−6.1% after −0.2%). Indeed, prices of mineral materials fell (−6.4% after +2.3%) under the effect of ferrous metal prices (−23.2% after +2.0%). Precious metal prices decreased again (−3.2% after −0.5%) while non-ferrous metal prices continued to rise (+2.7% after +2.8%).

The fall in prices of agro-industrial raw materials persisted to a lesser degree (−5.1% after −10.4%). While prices for sawn softwood continued to fell sharply (−21.2% after −33.3%) and those for wood pulp declined slightly (−0.7% after −0.1%), natural rubber prices accelerated (+5.8% after +1.7%). Hides prices slowed down (+0.4% after +6.0%), as did, to a lesser extent, the prices of natural textile fibres (+2.9% after +3.7%). Finally, tropical wood prices were not very dynamic (+0.4% after +0.3%).

Industrial raw materials

index 2010=100
Industrial raw materials (index 2010=100)
Prices in foreign currencies Prices in euros
2013-01 103.0 103.4
2013-02 104.8 104.6
2013-03 98.6 101.5
2013-04 95.3 97.7
2013-05 90.4 93.1
2013-06 86.7 87.7
2013-07 89.2 91.0
2013-08 93.3 93.5
2013-09 92.3 92.2
2013-10 92.6 90.7
2013-11 93.2 92.2
2013-12 93.5 91.1
2014-01 91.6 89.8
2014-02 89.3 87.3
2014-03 86.5 83.5
2014-04 88.1 85.1
2014-05 84.7 82.3
2014-06 83.2 81.6
2014-07 86.3 85.0
2014-08 85.9 86.1
2014-09 82.1 84.9
2014-10 80.1 84.3
2014-11 78.9 84.3
2014-12 75.7 81.8
2015-01 71.7 82.2
2015-02 69.6 81.7
2015-03 67.4 82.7
2015-04 66.1 81.5
2015-05 69.4 82.7
2015-06 68.0 80.6
2015-07 62.5 75.5
2015-08 61.3 72.8
2015-09 61.7 72.7
2015-10 60.3 70.9
2015-11 55.9 68.8
2015-12 54.0 65.4
2016-01 53.2 64.6
2016-02 56.1 66.8
2016-03 60.5 72.1
2016-04 62.8 73.3
2016-05 60.9 71.1
2016-06 60.2 70.7
2016-07 63.7 76.0
2016-08 65.0 76.5
2016-09 63.3 74.4
2016-10 64.5 77.1
2016-11 72.0 87.8
2016-12 75.5 94.1
2017-01 76.4 94.5
2017-02 81.2 100.3
2017-03 80.6 99.1
2017-04 74.6 91.4
2017-05 71.0 84.4
2017-06 69.0 80.8
2017-07 73.4 83.9
2017-08 79.3 88.5
2017-09 80.3 89.0
2017-10 78.3 87.8
2017-11 79.4 89.2
2017-12 81.0 90.3
2018-01 84.9 92.1
2018-02 85.3 91.5
2018-03 81.0 87.0
2018-04 81.2 87.7
2018-05 82.0 92.0
2018-06 81.2 91.9
2018-07 77.0 86.8
2018-08 76.4 87.1
2018-09 75.8 85.5
2018-10 77.7 88.9
2018-11 76.3 88.2
2018-12 73.7 85.2
2019-01 75.7 87.4
2019-02 81.8 95.0
2019-03 81.7 95.3
2019-04 83.5 98.0
2019-05 83.3 97.9
2019-06 85.4 99.5
2019-07 89.7 105.3
2019-08 79.7 94.1
2019-09 80.6 96.2
2019-10 78.8 93.6
2019-11 77.5 92.3
2019-12 80.1 94.8
2020-01 81.5 96.6
2020-02 77.9 93.9
2020-03 74.2 88.1
2020-04 70.6 85.2
2020-05 72.9 87.7
2020-06 77.5 90.4
2020-07 82.6 94.7
2020-08 91.4 101.7
2020-09 91.7 102.4
2020-10 90.9 101.7
2020-11 94.9 105.8
2020-12 106.8 115.9
2021-01 110.2 119.8
2021-02 114.5 125.3
2021-03 116.8 129.8
2021-04 123.3 136.1
2021-05 134.9 146.9
2021-06 130.3 143.0
2021-07 127.7 142.7
2021-08 119.3 133.9

Industrial raw materials

  • Source: INSEE

Food commodity prices accelerated

Prices in euros of imported raw food commodities accelerated (+4.8% after +3.0% in July), supported in particular by the sharp rebound of meat prices (+11.9% after −3.3%). Tropical foodstuff remained dynamic, albeit slightly decelerating (+6.9% after +8.4%) and sugar prices accelerated strongly (+9.9% after +4.8%). Oil seeds prices slowed down a little (+1.7% after +2.5%), while the prices of cereals continued to fall (−3.3% after −8.2%). Seafood prices, on their side, fell slightly (−0.6% after +7.5%).

Food

index 2010=100
Food (index 2010=100)
Prices in foreign currencies Prices in euros
2013-01 111.6 111.7
2013-02 112.4 112.0
2013-03 113.1 115.4
2013-04 114.6 116.5
2013-05 117.9 120.2
2013-06 117.1 117.9
2013-07 118.5 120.1
2013-08 114.8 114.8
2013-09 110.1 109.7
2013-10 110.5 108.3
2013-11 110.6 109.4
2013-12 116.5 114.1
2014-01 116.8 114.6
2014-02 120.7 118.0
2014-03 127.5 123.4
2014-04 129.3 125.3
2014-05 125.7 122.2
2014-06 122.4 120.2
2014-07 122.7 120.8
2014-08 120.6 120.4
2014-09 116.7 119.9
2014-10 115.5 120.4
2014-11 115.6 122.2
2014-12 114.1 121.7
2015-01 111.2 124.7
2015-02 107.9 123.6
2015-03 105.4 125.6
2015-04 104.6 125.5
2015-05 103.8 120.3
2015-06 104.0 120.0
2015-07 104.3 122.6
2015-08 103.1 119.5
2015-09 100.3 115.5
2015-10 100.8 115.9
2015-11 99.1 119.1
2015-12 98.7 117.0
2016-01 98.5 117.1
2016-02 99.1 115.4
2016-03 100.6 117.1
2016-04 103.9 118.3
2016-05 105.7 120.7
2016-06 111.9 128.6
2016-07 112.3 131.1
2016-08 109.6 126.2
2016-09 109.6 126.3
2016-10 110.0 128.9
2016-11 112.2 134.1
2016-12 110.1 134.9
2017-01 114.6 139.4
2017-02 114.6 139.0
2017-03 114.1 138.0
2017-04 110.9 133.6
2017-05 113.4 132.6
2017-06 115.2 132.6
2017-07 116.4 130.7
2017-08 112.2 122.8
2017-09 107.7 116.8
2017-10 106.4 116.9
2017-11 106.5 117.3
2017-12 104.0 113.4
2018-01 105.0 111.3
2018-02 107.7 112.6
2018-03 110.9 116.1
2018-04 110.3 116.0
2018-05 112.2 122.5
2018-06 111.8 123.7
2018-07 107.3 118.6
2018-08 102.2 114.2
2018-09 99.7 110.5
2018-10 104.6 117.6
2018-11 103.5 117.6
2018-12 102.0 115.7
2019-01 103.9 117.5
2019-02 103.0 117.2
2019-03 101.5 116.0
2019-04 104.1 119.9
2019-05 102.0 117.7
2019-06 103.9 118.8
2019-07 102.5 118.0
2019-08 100.6 116.8
2019-09 98.5 115.6
2019-10 99.7 116.6
2019-11 103.2 120.6
2019-12 105.9 123.1
2020-01 105.5 122.8
2020-02 104.5 123.8
2020-03 102.0 119.1
2020-04 98.8 117.6
2020-05 103.4 122.7
2020-06 99.2 113.9
2020-07 98.7 111.3
2020-08 101.5 110.8
2020-09 104.6 114.5
2020-10 106.3 116.6
2020-11 108.3 118.2
2020-12 109.6 116.4
2021-01 114.0 121.0
2021-02 117.9 126.0
2021-03 121.6 132.0
2021-04 129.3 139.8
2021-05 133.3 141.9
2021-06 131.7 141.2
2021-07 133.1 145.5
2021-08 138.9 152.5

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 152.5 4.8 7.5 37.6
Tropical foodstuffs 124.1 6.9 20.0 30.8
Oil seeds, vegetable oils 151.3 1.7 -4.7 49.6
Cereals 116.2 -3.3 -14.6 12.8
Sugar 98.3 9.9 16.3 52.0
Meat 205.4 11.9 8.2 72.2
Seafood products 126.6 -0.6 14.3 9.5
Industrial raw materials 133.9 -6.1 -8.8 31.7
Agricultural raw materials 127.2 -5.1 -26.9 20.0
Natural Fibres 116.7 2.9 11.9 40.4
Natural rubber 58.2 5.8 5.6 32.8
Hides 72.0 0.4 9.9 116.3
Wood pulp 127.7 -0.7 -7.0 45.4
Tropical wood 99.7 0.4 1.1 5.6
Sawn softwood 235.7 -21.2 -62.8 -28.2
Minerals 134.1 -6.4 -3.6 34.7
Ferrous metals 128.3 -23.2 -18.6 36.1
Non-ferrous metals 132.8 2.7 4.7 44.8
Precious metals 154.6 -3.2 -4.4 -7.5
All commodities 141.3 -0.1 -0.1 34.8
  • 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: Prices of oil products are monthly averages.

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: 20 October 2021 at 12.00 pm

Documentation

Methodology (pdf,378 Ko)

Prices of oil and imported raw materials

Pour en savoir plus

: bureau-de-presse@insee.fr

Publication calendar

support use of series

Time series : Raw materials prices