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Informations Rapides · 18 February 2022 · n° 41
Informations rapidesIn January 2022, the price of oil recovered strongly, those of imported row materials kept rising Prices of oil and raw material imports - January 2022

In January 2022, the price of oil in euros rebounded sharply (+16.1% after −7.3% in December). The prices in euros of imported raw materials (excluding energy) increased again significantly (+5.3% after +5.2%): industrial raw material prices accelerated (+8.5% after +7.2%) while those of food commodities slowed down a little (+2.8% after +3.8%).

Informations rapides
No 41
Paru le :Paru le18/02/2022
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As rapeseed oil, wool and hide prices for December 2021 and January 2022 are not yet available from the data provider, they have been assumed to be constant in dollar terms for this publication. This hypothesis affects in particular the aggregate price index for oilseeds (and therefore for food commodities) and for natural textile fibres (and therefore for agro-industrial raw materials). The values will be revised in the next publication, when the relevant prices are published.

In January 2022, the price of oil in euros rebounded sharply (+16.1% after −7.3% in December). The prices in euros of imported raw materials (excluding energy) increased again significantly (+5.3% after +5.2%): industrial raw material prices accelerated (+8.5% after +7.2%) while those of food commodities slowed down a little (+2.8% after +3.8%).

Imported raw materials (excluding energy)

index 2010=100
Imported raw materials (excluding energy) (index 2010=100)
Prices in foreign currencies Prices in euros
2022-01 137.2 158.5
2021-12 130.3 150.5
2021-11 125.1 143.1
2021-10 127.9 144.0
2021-09 125.7 139.4
2021-08 127.7 141.7
2021-07 128.3 141.8
2021-06 128.8 139.7
2021-05 131.8 141.8
2021-04 124.4 135.8
2021-03 117.4 128.9
2021-02 114.4 123.6
2021-01 110.3 118.4
2020-12 106.8 114.6
2020-11 100.6 110.9
2020-10 97.6 108.1
2020-09 97.1 107.3
2020-08 95.4 105.1
2020-07 89.9 102.1
2020-06 87.7 101.4
2020-05 87.7 104.8
2020-04 84.2 101.0
2020-03 87.6 103.1
2020-02 90.6 108.3
2020-01 92.9 109.0
2019-12 91.9 107.8
2019-11 89.3 105.2
2019-10 88.5 104.3
2019-09 89.0 105.3
2019-08 89.4 104.7
2019-07 96.0 111.5
2019-06 94.1 108.5
2019-05 92.1 107.3
2019-04 93.2 108.3
2019-03 91.0 105.0
2019-02 91.8 105.4
2019-01 88.6 101.2
2018-12 86.7 99.2
2018-11 88.8 101.7
2018-10 90.1 102.2
2018-09 86.9 97.1
2018-08 88.3 99.7
2018-07 90.9 101.4
2018-06 95.2 106.5
2018-05 95.9 106.0
2018-04 94.6 100.8
2018-03 94.6 100.3
2018-02 95.8 101.4
2018-01 94.4 101.1
2017-12 91.6 101.0
2017-11 91.8 102.1
2017-10 91.1 101.1
2017-09 92.8 101.7
2017-08 94.1 103.9
2017-07 92.4 104.7
2017-06 89.4 103.8
2017-05 89.7 105.8
2017-04 90.7 110.1
2017-03 95.4 116.2
2017-02 96.0 117.4
2017-01 93.2 114.3
2016-12 91.0 112.3
2016-11 89.7 108.2
2016-10 84.3 99.7
2016-09 83.3 97.0
2016-08 84.4 98.2
2016-07 84.7 99.9
2016-06 82.5 95.8
2016-05 80.3 92.7
2016-04 80.6 92.9
2016-03 77.9 91.7
2016-02 74.7 87.9
2016-01 72.8 87.4
2015-12 73.6 88.1
2015-11 74.9 90.9
2015-10 78.0 90.7
2015-09 78.7 91.6
2015-08 79.6 93.4
2015-07 81.0 96.4
2015-06 84.0 98.2
2015-05 84.7 99.5
2015-04 83.1 101.1
2015-03 84.3 101.8
2015-02 86.6 100.4
2015-01 89.3 101.2
2014-12 92.9 99.7
2014-11 95.3 101.3
2014-10 95.9 100.5
2014-09 97.6 100.6
2014-08 101.4 101.5
2014-07 102.5 101.1
2014-06 100.7 98.9
2014-05 103.0 100.2
2014-04 106.5 103.1
2014-03 104.8 101.4
2014-02 103.3 101.0
2014-01 102.7 100.8
2013-12 103.6 101.2
2013-11 100.8 99.7
2013-10 100.4 98.4
2013-09 100.0 99.8
2013-08 102.7 102.8
2013-07 102.1 103.8
2013-06 100.1 101.1
2013-05 102.5 105.1
2013-04 103.8 106.0
2013-03 105.0 107.5
2013-02 107.9 107.6
2013-01 106.6 106.8

Imported raw materials (excluding energy)

  • Source: INSEE

Sharp rebound in oil prices

In January 2022, the price of North Sea crude oil (Brent) in dollars picked up strongly (+16.2% after −8.2%), averaging $86.5. In euro terms, the price per barrel recovered in the same way (+16.1% after −7.3%).

Oil (Brent)

price per barrel
Oil (Brent) (price per barrel)
Prices in dollars Prices in euros
2022-01 86.5 76.5
2021-12 74.4 65.8
2021-11 81.0 71.0
2021-10 83.5 72.0
2021-09 74.5 63.3
2021-08 70.9 60.2
2021-07 75.1 63.5
2021-06 73.2 60.8
2021-05 68.5 56.4
2021-04 64.8 54.1
2021-03 65.4 55.0
2021-02 62.3 51.5
2021-01 54.8 45.0
2020-12 50.0 41.1
2020-11 42.7 36.1
2020-10 40.2 34.1
2020-09 40.9 34.7
2020-08 44.8 37.8
2020-07 43.2 37.7
2020-06 40.3 35.8
2020-05 29.4 27.5
2020-04 18.5 16.9
2020-03 31.9 28.8
2020-02 55.7 51.1
2020-01 63.6 57.3
2019-12 67.2 60.4
2019-11 63.2 57.2
2019-10 59.7 54.0
2019-09 62.8 57.1
2019-08 59.0 53.1
2019-07 63.9 57.0
2019-06 64.3 56.9
2019-05 71.2 63.6
2019-04 71.2 63.4
2019-03 66.1 58.5
2019-02 64.0 56.4
2019-01 59.4 52.0
2018-12 56.5 49.8
2018-11 64.7 57.0
2018-10 81.0 70.6
2018-09 78.9 67.7
2018-08 72.5 62.8
2018-07 74.3 63.5
2018-06 74.4 63.7
2018-05 76.9 65.2
2018-04 72.0 58.7
2018-03 66.0 53.5
2018-02 65.3 52.9
2018-01 69.1 56.6
2017-12 64.4 54.4
2017-11 62.7 53.4
2017-10 57.5 48.9
2017-09 55.5 46.6
2017-08 51.9 44.0
2017-07 49.1 42.6
2017-06 47.6 42.4
2017-05 51.4 46.5
2017-04 53.8 50.1
2017-03 52.6 49.2
2017-02 56.0 52.6
2017-01 55.4 52.2
2016-12 54.9 52.1
2016-11 47.1 43.7
2016-10 51.4 46.6
2016-09 47.7 42.5
2016-08 46.8 41.8
2016-07 45.3 41.0
2016-06 48.2 43.0
2016-05 46.7 41.3
2016-04 41.6 36.7
2016-03 38.2 34.4
2016-02 32.2 29.0
2016-01 30.7 28.3
2015-12 38.0 35.0
2015-11 44.3 41.2
2015-10 48.4 43.1
2015-09 47.6 42.4
2015-08 46.6 41.9
2015-07 56.6 51.4
2015-06 61.5 54.8
2015-05 64.1 57.5
2015-04 59.5 55.4
2015-03 57.3 52.8
2015-02 58.2 51.3
2015-01 50.1 43.1
2014-12 64.2 52.2
2014-11 80.8 64.8
2014-10 88.7 70.0
2014-09 98.9 76.7
2014-08 103.5 77.7
2014-07 108.6 80.2
2014-06 111.9 82.3
2014-05 109.2 79.6
2014-04 108.0 78.1
2014-03 107.9 78.0
2014-02 108.7 79.6
2014-01 107.6 79.0
2013-12 110.7 80.7
2013-11 107.7 79.9
2013-10 109.4 80.2
2013-09 111.6 83.6
2013-08 110.1 82.8
2013-07 107.7 82.3
2013-06 102.8 78.0
2013-05 103.0 79.4
2013-04 103.8 79.5
2013-03 109.7 84.6
2013-02 116.4 87.1
2013-01 112.0 84.3

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 86.5 16.2 3.6 57.9
Brent in € per barrel 76.5 16.1 6.2 69.9
Gasoline cts €/L 57.2 11.1 0.5 68.7
Gas Oil 659.8 15.3 5.9 79.2
Heavy fuel 419.1 16.9 4.2 60.8
Naphtha 668.3 10.2 3.3 64.8
  • Prices are in euros per tonne unless otherwise specified
  • Source: INSEE

Industrial commodity prices accelerated

In January 2022, prices in euros of industrial raw materials increased again vigorously (+8.5% after +7.2% in December) in conjunction with mineral materials prices (+8.3% after +4.5%). Non-ferrous metal prices accelerated sharply (+7.8% after +1.6%); ferrous metal prices slowed but remained very dynamic (+12.5% after +20.2%) and precious metal prices rebounded (+2.8% after −2.9%).

Although slowing down, prices of agro-industrial raw materials rose again markedly (+10.0% after +17.8%) in the wake of sawn softwood prices (+11.9% after +49.0%). Paper pulp prices accelerated sharply (+17.6 % after +11.8 %) and those of natural textile fibres rebounded strongly (+7.1 % after −3.6 %), as did, to a lesser extent, rubber prices (+3.4 % after −1.0 %) and those of tropical woods (+1.8 % after −0.1 %).

Industrial raw materials

index 2010=100
Industrial raw materials (index 2010=100)
Prices in foreign currencies Prices in euros
2022-01 130.3 152.4
2021-12 120.0 140.4
2021-11 113.1 131.0
2021-10 120.7 137.5
2021-09 117.1 131.5
2021-08 120.0 134.7
2021-07 128.3 143.3
2021-06 130.9 143.7
2021-05 135.6 147.6
2021-04 123.9 136.8
2021-03 117.4 130.5
2021-02 115.1 126.0
2021-01 110.8 120.4
2020-12 107.2 116.4
2020-11 95.3 106.3
2020-10 91.3 102.2
2020-09 92.1 102.8
2020-08 91.8 102.1
2020-07 83.0 95.2
2020-06 77.9 90.9
2020-05 73.3 88.2
2020-04 71.0 85.7
2020-03 74.6 88.6
2020-02 78.4 94.5
2020-01 82.0 97.2
2019-12 80.6 95.3
2019-11 78.0 92.7
2019-10 79.2 94.1
2019-09 81.0 96.8
2019-08 80.1 94.7
2019-07 90.1 105.8
2019-06 85.8 100.0
2019-05 83.8 98.5
2019-04 84.1 98.6
2019-03 82.3 95.9
2019-02 82.4 95.7
2019-01 76.3 88.0
2018-12 74.4 85.9
2018-11 76.9 88.9
2018-10 78.3 89.7
2018-09 76.4 86.2
2018-08 77.1 87.8
2018-07 77.6 87.6
2018-06 81.8 92.7
2018-05 82.7 92.7
2018-04 81.9 88.4
2018-03 81.5 87.5
2018-02 85.9 92.1
2018-01 85.4 92.6
2017-12 81.4 90.8
2017-11 79.9 89.8
2017-10 78.7 88.4
2017-09 80.7 89.4
2017-08 79.6 88.9
2017-07 73.7 84.3
2017-06 69.4 81.3
2017-05 71.3 84.8
2017-04 74.8 91.6
2017-03 80.4 98.9
2017-02 81.2 100.2
2017-01 76.4 94.5
2016-12 75.4 93.9
2016-11 71.8 87.6
2016-10 64.5 77.1
2016-09 63.2 74.3
2016-08 64.9 76.4
2016-07 63.7 75.9
2016-06 60.2 70.8
2016-05 60.8 71.1
2016-04 62.6 73.1
2016-03 60.3 71.8
2016-02 56.1 66.7
2016-01 53.3 64.7
2015-12 54.2 65.7
2015-11 56.0 68.9
2015-10 60.3 70.9
2015-09 61.7 72.7
2015-08 61.3 72.9
2015-07 62.8 75.9
2015-06 68.2 80.8
2015-05 69.6 82.9
2015-04 66.3 81.8
2015-03 67.6 82.9
2015-02 69.8 81.9
2015-01 71.9 82.5
2014-12 75.9 82.0
2014-11 79.1 84.5
2014-10 80.2 84.5
2014-09 82.3 85.2
2014-08 86.1 86.3
2014-07 86.4 85.2
2014-06 83.3 81.8
2014-05 84.8 82.5
2014-04 88.2 85.2
2014-03 86.6 83.6
2014-02 89.4 87.4
2014-01 91.7 89.9
2013-12 93.6 91.1
2013-11 93.1 92.1
2013-10 92.6 90.6
2013-09 92.2 92.1
2013-08 93.2 93.4
2013-07 89.2 91.0
2013-06 86.7 87.8
2013-05 90.5 93.2
2013-04 95.4 97.7
2013-03 98.7 101.5
2013-02 104.6 104.4
2013-01 102.7 103.1

Industrial raw materials

  • Source: INSEE

Food commodity prices rose more modestly

Prices in euros of imported food commodities slowed down a little in January (+2.8% after +3.8% in December) in the wake of cereal prices (+2.0% after +2.6%). Meat prices accelerated (+5.0% after +4.7%), as did those of seafood (+5.5% after +4.9%) and oilseeds (+4.1% after +1.7%). On the other hand, prices of tropical commodities slipped back (-2.0% after +5.0%) and those of sugar fell again (−3.7% after −1.9%).

Food

index 2010=100
Food (index 2010=100)
Prices in foreign currencies Prices in euros
2022-01 147.8 168.8
2021-12 143.6 164.2
2021-11 139.7 158.2
2021-10 138.7 154.5
2021-09 137.4 150.8
2021-08 138.9 152.5
2021-07 133.1 145.5
2021-06 131.7 141.2
2021-05 133.3 141.9
2021-04 129.3 139.8
2021-03 121.6 132.0
2021-02 117.9 126.0
2021-01 114.0 121.0
2020-12 109.6 116.4
2020-11 108.3 118.2
2020-10 106.3 116.6
2020-09 104.6 114.5
2020-08 101.5 110.8
2020-07 98.7 111.3
2020-06 99.2 113.9
2020-05 103.4 122.7
2020-04 98.8 117.6
2020-03 102.0 119.1
2020-02 104.5 123.8
2020-01 105.5 122.8
2019-12 105.9 123.1
2019-11 103.2 120.6
2019-10 99.7 116.6
2019-09 98.5 115.6
2019-08 100.6 116.8
2019-07 102.5 118.0
2019-06 103.9 118.8
2019-05 102.0 117.7
2019-04 104.1 119.9
2019-03 101.5 116.0
2019-02 103.1 117.2
2019-01 103.9 117.5
2018-12 102.0 115.7
2018-11 103.5 117.6
2018-10 104.6 117.6
2018-09 99.7 110.5
2018-08 102.2 114.2
2018-07 107.3 118.6
2018-06 111.8 123.7
2018-05 112.2 122.5
2018-04 110.3 116.0
2018-03 110.9 116.1
2018-02 107.7 112.6
2018-01 105.0 111.3
2017-12 104.0 113.4
2017-11 106.5 117.3
2017-10 106.4 116.9
2017-09 107.7 116.8
2017-08 112.2 122.8
2017-07 116.4 130.7
2017-06 115.2 132.6
2017-05 113.4 132.6
2017-04 110.9 133.6
2017-03 114.1 138.0
2017-02 114.6 139.0
2017-01 114.6 139.4
2016-12 110.1 134.9
2016-11 112.2 134.1
2016-10 110.0 128.9
2016-09 109.6 126.3
2016-08 109.6 126.2
2016-07 112.3 131.1
2016-06 111.9 128.6
2016-05 105.7 120.7
2016-04 103.9 118.3
2016-03 100.6 117.1
2016-02 99.1 115.4
2016-01 98.5 117.1
2015-12 98.7 117.0
2015-11 99.1 119.1
2015-10 100.8 115.9
2015-09 100.3 115.5
2015-08 103.1 119.5
2015-07 104.3 122.6
2015-06 104.0 120.0
2015-05 103.8 120.3
2015-04 104.6 125.5
2015-03 105.4 125.6
2015-02 107.9 123.6
2015-01 111.2 124.7
2014-12 114.1 121.7
2014-11 115.6 122.2
2014-10 115.5 120.4
2014-09 116.7 119.9
2014-08 120.6 120.4
2014-07 122.7 120.8
2014-06 122.4 120.2
2014-05 125.7 122.2
2014-04 129.3 125.3
2014-03 127.5 123.4
2014-02 120.7 118.0
2014-01 116.8 114.6
2013-12 116.5 114.1
2013-11 110.6 109.4
2013-10 110.5 108.3
2013-09 110.1 109.7
2013-08 114.8 114.8
2013-07 118.5 120.1
2013-06 117.1 117.9
2013-05 117.9 120.2
2013-04 114.6 116.5
2013-03 113.1 115.4
2013-02 112.4 112.0
2013-01 111.6 111.7

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 168.8 2.8 9.2 39.5
Tropical foodstuffs 150.6 -2.0 9.2 61.4
Oil seeds, vegetable oils 166.1 4.1 8.9 24.8
Cereals 128.9 2.0 10.3 3.0
Sugar 97.4 -3.7 -3.5 24.5
Meat 204.2 5.0 4.6 44.5
Seafood products 142.5 5.5 15.7 39.5
Industrial raw materials 152.4 8.5 10.9 26.5
Agricultural raw materials 179.6 10.0 31.2 41.1
Natural Fibres 150.8 7.1 12.2 51.8
Natural rubber 62.3 3.4 4.8 21.1
Hides 76.2 -0.1 2.5 39.8
Wood pulp 157.1 17.6 29.4 27.8
Tropical wood 101.9 1.8 1.5 6.9
Sawn softwood 552.4 11.9 71.7 69.3
Minerals 144.6 8.3 6.3 23.1
Ferrous metals 111.4 12.5 9.3 -15.3
Non-ferrous metals 155.6 7.8 5.7 47.6
Precious metals 158.9 2.8 4.2 1.4
All commodities 158.5 5.3 10.1 33.8
  • 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: 18 March 2022 at 12.00 pm

Documentation

Methodology (pdf,378 Ko)

Prices of oil and imported raw materials

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.

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: 18 March 2022 at 12.00 pm

: bureau-de-presse@insee.fr

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Time series : Raw materials prices