21 February 2019
2019- n° 46In January, oil prices decreased anew Prices of oil and raw material imports - January 2019
In Januray 2019, the price of oil in euros recovered (+4,3% after −12.0% in December). The prices in euros of imported commodities (excluding energy) bounced back too (+0,9% after −2.3%), as those of raw food materials (+1,7% after −2.1%). The prices of industrial raw materials are almost unchanged (−0,1% after −2,6%).
The weight of each commodity in agregated indices has been updated, depending on their share in 2018 imports.
In Januray 2019, the price of oil in euros recovered (+4,3% after −12.0% in December). The prices in euros of imported commodities (excluding energy) bounced back too (+0,9% after −2.3%), as those of raw food materials (+1,7% after −2.1%). The prices of industrial raw materials are almost unchanged (−0,1% after −2,6%).
tableauImported raw materials (excluding energy)
| 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 | 87.5 |
| 2016-01 | 72.3 | 87.0 |
| 2016-02 | 74.3 | 87.5 |
| 2016-03 | 77.7 | 91.5 |
| 2016-04 | 80.4 | 92.7 |
| 2016-05 | 80.0 | 92.4 |
| 2016-06 | 82.1 | 95.6 |
| 2016-07 | 84.4 | 99.7 |
| 2016-08 | 84.1 | 98.0 |
| 2016-09 | 83.0 | 96.7 |
| 2016-10 | 83.7 | 99.2 |
| 2016-11 | 89.2 | 107.8 |
| 2016-12 | 90.2 | 111.6 |
| 2017-01 | 92.0 | 113.2 |
| 2017-02 | 95.1 | 116.6 |
| 2017-03 | 94.4 | 115.5 |
| 2017-04 | 89.9 | 109.6 |
| 2017-05 | 88.9 | 105.2 |
| 2017-06 | 88.6 | 103.2 |
| 2017-07 | 91.8 | 104.2 |
| 2017-08 | 93.0 | 103.0 |
| 2017-09 | 91.2 | 100.0 |
| 2017-10 | 89.4 | 99.3 |
| 2017-11 | 90.1 | 100.4 |
| 2017-12 | 90.4 | 99.8 |
| 2018-01 | 93.5 | 100.3 |
| 2018-02 | 94.9 | 100.6 |
| 2018-03 | 94.0 | 99.7 |
| 2018-04 | 93.8 | 99.9 |
| 2018-05 | 95.2 | 105.3 |
| 2018-06 | 94.8 | 106.2 |
| 2018-07 | 90.7 | 101.4 |
| 2018-08 | 87.9 | 99.5 |
| 2018-09 | 86.6 | 97.1 |
| 2018-10 | 89.7 | 101.8 |
| 2018-11 | 88.9 | 101.9 |
| 2018-12 | 87.0 | 99.5 |
| 2019-01 | 88.0 | 100.4 |
graphiqueImported raw materials (excluding energy)
- Source: INSEE.
Oil prices recovered
In January 2019, the price of North Sea crude oil (Brent) in euros recovered (+4,3% after −12.0% in December) to an average of €52 per barrel. In dollars, the increase was of almost the same magnitude (+5,1% after −12.3%).
tableauOil (Brent)
| 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 | 59.3 | 52.0 |
graphiqueOil (Brent)
- Source: INSEE.
tableauOil and petroleum products
| Prices | Change (%) | |||
|---|---|---|---|---|
| of last month | over the last month | over the last 3 months | over the last 12 months | |
| Brent in $ per barrel | 59,3 | 5,1 | -26,8 | -14,1 |
| Brent in € per barrel | 52 | 4,3 | -26,3 | -8,2 |
| Gasoline cts €/L | 33,1 | -2,9 | -29,1 | -19,7 |
| Gas Oil | 489,8 | 1,9 | -22,1 | -2,4 |
| Heavy fuel | 330,7 | 1,6 | -23,1 | 1,8 |
| Naphtha | 401,7 | -2,1 | -31,9 | -17,4 |
Industrial commodity prices were almost unchanged
In January 2018, the prices of industrial raw materials prices were pratically stable (−0,1% after −2.6% in December). The prices of minerals materials recovered slightly (+0,4% after −2.7%), largely due to ferrous metals (+9,2% after −5.7%). The prices of precious metals increased again (+4,0% after +2.2%) while the decrease in non-ferrous metals prices rose (−2,8% after −0.9 %). The prices of agricultural raw materials decreased again (−1.8% after −1.8%), because of wood pulp (−2.8% after −1.8%), natural fibres (−4,3% after −0.2%) and hide(−8,5% after −0.4%). The prices of tropical wood bounced back (−1.8% after +0.1%) as well as sawn softwood (−5.2% after −5.8%). The price of natural rubber accelerated (+1.9% after −5.8%).
tableauIndustrial raw materials
| 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 | 84.4 |
| 2014-12 | 76.3 | 81.7 |
| 2015-01 | 72.3 | 82.2 |
| 2015-02 | 70.0 | 81.5 |
| 2015-03 | 67.6 | 82.3 |
| 2015-04 | 66.0 | 80.9 |
| 2015-05 | 69.1 | 81.6 |
| 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 | 70.1 |
| 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 | 60.7 | 70.7 |
| 2016-06 | 60.2 | 70.5 |
| 2016-07 | 63.6 | 75.7 |
| 2016-08 | 65.0 | 76.4 |
| 2016-09 | 63.2 | 74.2 |
| 2016-10 | 64.4 | 76.8 |
| 2016-11 | 71.7 | 87.3 |
| 2016-12 | 74.8 | 93.2 |
| 2017-01 | 75.1 | 93.0 |
| 2017-02 | 80.1 | 98.9 |
| 2017-03 | 79.4 | 97.6 |
| 2017-04 | 73.9 | 90.7 |
| 2017-05 | 70.4 | 83.8 |
| 2017-06 | 68.6 | 80.4 |
| 2017-07 | 73.1 | 83.6 |
| 2017-08 | 78.3 | 87.4 |
| 2017-09 | 78.4 | 86.6 |
| 2017-10 | 76.3 | 85.4 |
| 2017-11 | 77.6 | 87.1 |
| 2017-12 | 79.7 | 88.7 |
| 2018-01 | 83.9 | 90.7 |
| 2018-02 | 84.7 | 90.3 |
| 2018-03 | 80.7 | 86.2 |
| 2018-04 | 80.8 | 86.8 |
| 2018-05 | 82.0 | 91.4 |
| 2018-06 | 81.7 | 92.2 |
| 2018-07 | 77.8 | 87.7 |
| 2018-08 | 76.8 | 87.6 |
| 2018-09 | 76.2 | 86.1 |
| 2018-10 | 77.9 | 89.3 |
| 2018-11 | 76.8 | 88.9 |
| 2018-12 | 74.9 | 86.6 |
| 2019-01 | 75.0 | 86.5 |
graphiqueIndustrial raw materials
- Source: INSEE.
Food commodity prices recovered
In euros, the prices of raw food materials recovered (+1.7% after −2.1%). The prices of cereals increased again (+0.7% after +1.5%).The prices of meats bounced back (+4,0% after −0.4%), as those of tropical foodstuffs (+2,0% after −5.2%), seafood products (+0.6% after −1.9%) and sugar (+0,5% after −2.0%) . The price of oil seeds and vegetable oils remained steady (0,0% after −1.7%).
tableauFood
| 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 | 122.8 |
| 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 | 111.1 | 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 | 103.8 | 117.4 |
graphiqueFood
- Source: INSEE.
tableauImported raw materials (excluding energy) in euros
| Changes (in %) | ||||
|---|---|---|---|---|
| Index of last month | over the last month | over the last 3 months | over the last 12 months | |
| Food total | 117,4 | 1,7 | 0,1 | 5,1 |
| Tropical foodstuffs | 92,3 | 2 | -3,1 | 1,4 |
| Oil seeds, vegetable oils | 100,9 | 0 | -1 | -7,3 |
| Cereals | 99,7 | 0,7 | 0,9 | 7,5 |
| Sugar | 66,2 | 0,5 | -3,4 | -3,3 |
| Meat | 148,7 | 4 | 5,2 | 11,3 |
| Seafood products | 124,2 | 0,6 | -0,8 | 14 |
| Industrial raw materials | 86,5 | -0,1 | -3,1 | -4,6 |
| Agricultural raw materials | 115,7 | -1,8 | -2,9 | -0,4 |
| Natural Fibres | 101,7 | -4,3 | -5,3 | 1,4 |
| Natural rubber | 47 | 6,9 | 2,7 | -4,2 |
| Hides | 62,2 | -8,5 | -11,4 | -23 |
| Wood pulp | 147 | -2,8 | -3,3 | 22,7 |
| Tropical wood | 96 | 1,3 | -0,4 | -0,2 |
| Sawn softwood | 152,5 | 4,2 | 4,5 | -27,6 |
| Minerals | 81 | 0,4 | -3,1 | -5,4 |
| Ferrous metals | 62,6 | 9,2 | 4,1 | 6,6 |
| Non-ferrous metals | 96,1 | -2,8 | -6,2 | -11,5 |
| Precious metals | 109,3 | 4 | 7,5 | 2,3 |
| All commodities | 100,4 | 0,9 | -1,4 | 0,1 |
- Source: INSEE
For more information-
- 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 (2000 = 100).
Additional data (time series, methods, etc.) and a support for time series are available on the bottom of this page
Next issue: 20 March 2019 at 12.00 pm
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