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Informations Rapides · 19 November 2021 · n° 296
Informations rapidesIn October 2021, the price of oil accelerated Prices of oil and raw material imports - October 2021

In October 2021, the price of oil in euros accelerated significantly (+13.8% after +5.2% in September). The prices in euros of imported raw materials (excluding energy) rebounded (+3.3%, after −1.6%) as much because of food commodities (+2.5% after −1.1%) than industrial raw materials (+4.5% after −2.4%).

Informations rapides
No 296
Paru le :Paru le19/11/2021
Prochaine parution le : 21/05/2025 at 12:00 - April 2025
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In October 2021, the price of oil in euros accelerated significantly (+13.8% after +5.2% in September). The prices in euros of imported raw materials (excluding energy) rebounded (+3.3%, after −1.6%) as much because of food commodities (+2.5% after −1.1%) than industrial raw materials (+4.5% after −2.4%).

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
2021-09 125.3 139.0
2021-10 127.6 143.6

Imported raw materials (excluding energy)

  • Source: INSEE

Oil prices accelerated

In October 2021, the price of North Sea crude oil (Brent) in dollars increased sharply (+12.1% after +5.1%) to an average of $83.5. In euro terms, the acceleration in the price per barrel was even more marked (+13.8% after +5.2%).

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
2021-09 74.5 63.3
2021-10 83.5 72.0

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 83.5 12.1 11.2 107.9
Brent in € per barrel 72.0 13.8 13.3 111.0
Gasoline cts €/L 56.9 11.0 12.8 111.2
Gas Oil 623.1 16.6 23.0 121.4
Heavy fuel 402.4 14.0 18.2 96.3
Naphtha 646.8 14.1 14.3 99.9
  • Prices are in euros per tonne unless otherwise specified
  • Source: INSEE

The prices of industrial rebounded

In October 2021, prices in euros of industrial raw materials started to rise again (+4.5% after −2.4% in September). Indeed, prices of mineral materials rebounded (+4.5% after −3.5%): ferrous metal prices stabilised after two months of strong decline (−0.1% after −22.5% in September and −23.2% in August), precious metal prices recovered (+1.3% after −2.6%) and non-ferrous metal prices accelerated (+6.3% after +4.3%).

The increase in the prices of agro-industrial raw materials is heightening (+4.8% after +2.9%), in the wake of the prices of sawn softwood (+17.4% after +17.2%), natural textile fibres (+13.2% after +1.8%) or natural rubber (+8.4% after −5.6%). In addition, hide prices continued to rise (+1.9% after +1.3%) and tropical wood prices recovered (+1.2% after −0.4%). Prices of wood pulp, on the other hand, continued to fall (−3.1% after −1.9%).

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
2021-09 116.4 130.7
2021-10 120.0 136.7

Industrial raw materials

  • Source: INSEE

Food commodity prices back on the rise

Prices in euros of imported food commodities started to rise again in October (+2.5% after −1.1% in September), due in particular to the rebound in the prices of meat (+3.8% after −8.5%), cereals (+3.8% after −3.0%), oilseeds (+1.9% after −1.1%) and sugar (+3.3% after −0.6%). Tropical commodity prices, on their side, went up sharply again (+5.3% after +5.7%). Only the prices of seafood declined (−2.5% after −0.1%).

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
2021-09 137.4 150.8
2021-10 138.7 154.5

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 154.5 2.5 6.2 32.5
Tropical foodstuffs 138.0 5.3 18.8 55.2
Oil seeds, vegetable oils 152.5 1.9 2.5 30.5
Cereals 116.9 3.8 -2.8 9.0
Sugar 101.0 3.3 12.8 39.4
Meat 195.3 3.8 6.4 43.2
Seafood products 123.2 -2.5 -3.3 7.2
Industrial raw materials 136.7 4.5 -4.2 34.4
Agricultural raw materials 137.2 4.8 2.3 36.0
Natural Fibres 134.4 13.2 18.6 50.7
Natural rubber 59.5 8.4 8.2 16.2
Hides 74.3 1.9 3.7 72.3
Wood pulp 121.4 -3.1 -5.6 31.3
Tropical wood 100.4 1.2 1.1 7.1
Sawn softwood 324.2 17.4 8.5 31.6
Minerals 135.1 4.5 -5.7 34.0
Ferrous metals 99.3 -0.1 -40.6 5.5
Non-ferrous metals 147.2 6.3 13.9 54.7
Precious metals 152.5 1.3 -4.5 -4.6
All commodities 143.6 3.3 1.5 33.1
  • Source: INSEE

For further information:

The relevant time series and a user guide are available at the bottom of this page.

The sources used to trace certain prices have been modified since the August 2021 edition (published on 28/09/2021), which has led to revisions in some series. These changes are detailed in the warning box associated with the 28/09/2021 publication. The methodological note available in the "Documentation" tab presents in more detail the series and weights now used.

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).

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