Informations rapides
23 September 2020
2020- n° 236
In August 2020, the price of oil was virtually stable Prices of oil and raw material imports - August 2020

In August 2020, the prices of oil in euros were virtually stable (+0.3% after +5.6% in July). The prices in euros of imported commodities (excluding energy) accelerated (+2.1% after +0.4%), because the prices of industrial raw materials increased for the fourth month in a row (+4.4% after +2.8%). However, the prices of raw food materials decreased again (−0.4% after −2.0%).

Informations rapides
No 236
Paru le :Paru le23/09/2020
Imprimer
Découvrir la collection
Données
(xls, 86 Ko)
Warning:

Since last month, fioul data sets 010002073 and 010002074 are no longer released by our data furnisher and have been replaced by similar data sets 010751333, 010751334 and 010751335, completely linked.

In August 2020, the prices of oil in euros were virtually stable (+0.3% after +5.6% in July). The prices in euros of imported commodities (excluding energy) accelerated (+2.1% after +0.4%), because the prices of industrial raw materials increased for the fourth month in a row (+4.4% after +2.8%). However, the prices of raw food materials decreased again (−0.4% after −2.0%).

Imported raw materials (excluding energy)

index 2000=100
Imported raw materials (excluding energy) (index 2000=100)
Prices in foreign currencies Prices in euros
2013-01 106.6 106.6
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 87.4
2016-01 72.3 87.1
2016-02 74.3 87.6
2016-03 77.7 91.6
2016-04 80.4 92.8
2016-05 80.1 92.5
2016-06 82.1 95.6
2016-07 84.4 99.8
2016-08 84.1 98.1
2016-09 83.0 96.8
2016-10 83.7 99.3
2016-11 89.2 107.8
2016-12 90.3 111.7
2017-01 92.1 113.3
2017-02 95.1 116.7
2017-03 94.5 115.5
2017-04 90.0 109.6
2017-05 89.0 105.3
2017-06 88.6 103.2
2017-07 91.8 104.2
2017-08 93.0 103.0
2017-09 91.3 100.1
2017-10 89.5 99.5
2017-11 90.2 100.6
2017-12 90.5 100.0
2018-01 93.5 100.3
2018-02 95.0 100.7
2018-03 94.1 99.9
2018-04 93.9 100.2
2018-05 95.3 105.5
2018-06 95.0 106.4
2018-07 90.7 101.5
2018-08 87.9 99.5
2018-09 86.6 97.1
2018-10 89.7 101.9
2018-11 88.8 101.9
2018-12 86.9 99.5
2019-01 88.8 101.4
2019-02 91.3 105.3
2019-03 90.8 104.7
2019-04 92.9 107.9
2019-05 92.0 107.0
2019-06 94.1 108.6
2019-07 95.9 111.5
2019-08 89.1 104.5
2019-09 88.5 104.9
2019-10 88.1 103.9
2019-11 88.8 104.7
2019-12 91.5 107.4
2020-01 91.7 108.1
2020-02 89.4 106.9
2020-03 87.1 102.6
2020-04 83.7 100.8
2020-05 87.1 104.3
2020-06 88.0 101.9
2020-07 90.1 102.5
2020-08 94.8 104.6

Imported raw materials (excluding energy)

  • Source: INSEE

Oil prices were virtually stable

In August 2020, the prices of North Sea crude oil (Brent) in euros were virtually stable (+0.3% after 5.6%) to an average of €38 per barrel. However, the price increased in dollars (+3.5% after +7.5%), because the euro appreciated in August.

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

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 44.8 3.5 52.2 -24.2
Brent in € per barrel 37.8 0.3 37.8 -28.7
Gasoline cts €/$ 0.1 -0.8 29.8 -30.7
Gas Oil 314.7 -2.4 28.6 -37.7
Heavy fuel 217.9 6.8 73.5 -14.0
Naphtha 318.5 -4.0 62.9 -20.8
  • Prices are in euros per tonne unless otherwise specified
  • Source : Insee

Industrial commodity prices increased for the fourth month in a row

In August 2020, the prices of industrial raw materials increased again (+4.4% after +2.8%) like those of mineral materials (+5.4% after +3.6%). In fact, the prices of ferrous metals has risen, following iron ore (+8.1% after +1.8%). The price of iron ore was lifted by the demand recover and struggles Covid19 related in producer countries. The prices of precious metals accelerated too (+9.9% after +6.6%) but those of non ferrous metals eased (+2.3% after +4.8%). The prices of agricultural raw materials decreased again (−1.4% after −1.5%) as those of sawn softwood (−3.1% after −1.8%), natural textile fibres (−4.4% after −0.4%) and pulp (−3.1% after −2.4%). Conversely, the price of natural rubber accelerated (+6.8% after +1.2%) just like the price of hide (+5.1% after +0.3%). The price of tropical wood rebounded (+0.7% after −0.5%)

Industrial raw materials

index 2000=100
Industrial raw materials (index 2000=100)
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 84.3
2014-12 76.3 81.8
2015-01 72.3 82.2
2015-02 70.0 81.5
2015-03 67.6 82.4
2015-04 66.0 80.9
2015-05 69.1 81.7
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 70.2
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 60.8 70.8
2016-06 60.2 70.6
2016-07 63.6 75.7
2016-08 65.0 76.4
2016-09 63.2 74.3
2016-10 64.4 76.9
2016-11 71.7 87.4
2016-12 74.9 93.3
2017-01 75.2 93.1
2017-02 80.2 99.0
2017-03 79.4 97.8
2017-04 74.0 90.8
2017-05 70.5 84.0
2017-06 68.6 80.4
2017-07 73.1 83.6
2017-08 78.3 87.4
2017-09 78.5 86.8
2017-10 76.5 85.7
2017-11 77.8 87.3
2017-12 79.9 89.0
2018-01 84.0 90.8
2018-02 84.8 90.5
2018-03 81.0 86.5
2018-04 81.1 87.1
2018-05 82.3 91.8
2018-06 81.9 92.4
2018-07 77.8 87.8
2018-08 76.8 87.6
2018-09 76.2 86.1
2018-10 77.9 89.3
2018-11 76.7 88.9
2018-12 74.8 86.5
2019-01 76.7 88.5
2019-02 82.3 95.5
2019-03 81.8 95.3
2019-04 83.6 97.9
2019-05 83.5 98.3
2019-06 86.0 100.3
2019-07 90.2 105.9
2019-08 79.9 94.5
2019-09 80.5 96.3
2019-10 78.5 93.6
2019-11 77.3 92.0
2019-12 80.0 94.8
2020-01 81.1 96.3
2020-02 76.8 92.7
2020-03 74.5 88.6
2020-04 71.2 86.9
2020-05 74.0 89.4
2020-06 79.1 92.5
2020-07 83.1 95.5
2020-08 89.5 99.7

Industrial raw materials

  • Source: INSEE.

Food commodity prices decreased again

In euros, the prices of imported raw food materials decreased again (−0.4% after −2.0%) mainly because of oil seeds and vegetable (−0.3% after +1.7%) cereals (−0.5% after −6.5%), meats (−0.3% after −8.3%) and seafood products (−8.6% after−0.2%). However, the prices of tropical foodstuffs recovered (+8.7% after −0.3%) like the price of sugar (+4.4% after −0.3%).

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
2013-03 112.9 115.2
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
2017-08 111.4 122.7
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
2018-06 111.2 123.6
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
2019-01 103.7 117.4
2019-02 102.1 117.2
2019-03 101.6 116.1
2019-04 104.0 119.9
2019-05 102.2 117.5
2019-06 103.6 118.5
2019-07 102.1 117.7
2019-08 100.2 116.5
2019-09 98.1 115.2
2019-10 99.5 116.5
2019-11 102.9 120.3
2019-12 105.6 122.8
2020-01 104.4 122.4
2020-02 104.7 124.1
2020-03 102.3 119.5
2020-04 98.9 117.8
2020-05 103.1 122.4
2020-06 98.6 113.3
2020-07 98.3 110.8
2020-08 101.0 110.4

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%)
over the last month over the last 3 months over the last 12 months
Food total 110.4 -0.4 -9.8 -5.2
Tropical foodstuffs 94.7 8.7 1.1 8.1
Oil seeds, vegetable oils 99.8 -0.3 1.9 -1.6
Cereals 103.3 -0.5 -8.7 1.0
Sugar 64.7 4.4 11.2 4.3
Meat 119.0 -0.3 -30.2 -15.8
Seafood products 115.7 -8.6 -9.2 -11.6
Industrial raw materials 99.7 4.4 11.5 5.4
Agricultural raw materials 86.8 -1.4 -5.5 -10.2
Natural Fibres 84.3 -4.4 -4.9 -11.2
Natural rubber 43.8 6.8 9.5 -6.5
Hides 34.1 5.1 1.2 -30.7
Wood pulp 100.6 -3.1 -8.5 -7.6
Tropical wood 94.9 0.7 -1.1 2.2
Sawn softwood 146.0 -3.1 -7.8 -5.7
Minerals 101.0 5.4 15.1 9.0
Ferrous metals 94.5 8.1 19.1 21.3
Non-ferrous metals 93.3 2.3 11.2 -2.8
Precious metals 166.4 9.9 16.7 30.3
All commodities 104.6 2.1 0.3 0.1
  • 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: 21 October 2020 at 12.00 pm

Documentation

Methodology (pdf,41 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