Insee
Informations Rapides · 21 January 2022 · n° 20
Informations rapidesIn December 2021, the price of oil fell, those of imported row materials were back on the rise Prices of oil and raw material imports - December 2021

In December 2021, the price of oil in euros fell again (−7.3% after −1.4% in November). The prices in euros of imported raw materials (excluding energy) increased sharply (+5.2% after −0.6%) under the effect of the strong rebound of industrial raw materials (+7.3% after −4.7%) and the acceleration of food commodity prices (+3.8% after +2.4%).

Informations rapides
No 20
Paru le :Paru le21/01/2022
Warning:

As rapeseed oil, wool and hide prices for December 2021 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 December 2021, the price of oil in euros fell again (−7.3% after −1.4% in November). The prices in euros of imported raw materials (excluding energy) increased sharply (+5.2% after −0.6%) under the effect of the strong rebound of industrial raw materials (+7.3% after −4.7%) and the acceleration of food commodity prices (+3.8% 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
2021-12 130.3 150.6
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
2021-05 131.7 141.8
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 97.1 107.4
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 95.9 111.5
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

Oil prices fell again

In December 2021, the price of North Sea crude oil (Brent) in dollars fell sharply (−8.2% after −3.0%), averaging $74.4. In euro terms, the decline in the price per barrel is also marked (−7.3% after −1.4%).

Oil (Brent)

price per barrel
Oil (Brent) (price per barrel)
Prices in dollars Prices in euros
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 74.4 -8.2 -0.1 48.9
Brent in € per barrel 65.8 -7.3 4.0 60.3
Gasoline cts €/L 51.5 -6.8 0.4 74.6
Gas Oil 572.1 -5.5 7.0 68.9
Heavy fuel 358.6 -3.4 1.6 53.9
Naphtha 606.4 -7.4 7.0 74.6
  • Prices are in euros per tonne unless otherwise specified
  • Source: INSEE

Industrial commodity prices rebounded

In December 2021, prices in euros of industrial raw materials rebounded strongly (+7.3% after −4.7% in November) in the wake of mineral material prices (+4.5% after −6.1%). Ferrous metal prices recovered strongly (+20.2% after −19.2%), while non-ferrous metal prices rebounded more slightly (+1.6% after −3.5%). Conversely, precious metal prices fell back (−2.9% after +4.3%).

Agro-industrial raw material prices accelerated sharply (+18.1% after +1.3%) due to soaring sawn softwood prices (+49.3% after +3.0%) and a sharp rebound in pulp prices (+12.6% after −1.6%). Conversely, prices for natural textile fibres fell back (−3.6% after +8.7%), as did those for rubber (−1.0% after +2.4%). Finally, tropical wood prices remained virtually stable (−0.1% after −0.1%).

Industrial raw materials

index 2010=100
Industrial raw materials (index 2010=100)
Prices in foreign currencies Prices in euros
2021-12 120.1 140.5
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
2020-12 107.3 116.4
2020-11 95.3 106.3
2020-10 91.3 102.2
2020-09 92.1 102.8
2020-08 91.9 102.2
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 accelerated

Prices in euros of imported food commodities rose again in December (+3.8% after +2.4% in November) in the wake of the sharp rebound in meat prices (+4.7% after −4.9%). While prices of tropical commodities slowed down a little (+5.0% after +6.2%), as did those for cereals (+2.6% after +5.4%) and oilseeds (+1.7% after +2.8%), seafood prices remained dynamic (+4.9% after +4.5%). Only sugar prices fell back (−1.9% after +2.2%).

Food

index 2010=100
Food (index 2010=100)
Prices in foreign currencies Prices in euros
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 98.7 111.2
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 164.2 3.8 8.9 41.0
Tropical foodstuffs 153.7 5.0 17.3 63.0
Oil seeds, vegetable oils 159.6 1.7 6.6 27.2
Cereals 126.4 2.6 12.3 11.5
Sugar 101.2 -1.9 3.6 40.5
Meat 194.4 4.7 3.4 50.8
Seafood products 135.1 4.9 6.9 30.9
Industrial raw materials 140.5 7.3 6.8 20.7
Agricultural raw materials 163.8 18.1 25.2 38.2
Natural Fibres 140.8 -3.6 18.6 51.0
Natural rubber 60.3 -1.0 9.8 17.6
Hides 76.3 1.0 4.5 52.8
Wood pulp 134.5 12.6 7.4 33.2
Tropical wood 100.1 -0.1 0.9 5.5
Sawn softwood 494.7 49.3 79.4 49.5
Minerals 133.6 4.5 2.5 16.5
Ferrous metals 99.0 20.2 -2.9 -17.2
Non-ferrous metals 144.3 1.6 4.2 39.4
Precious metals 154.5 -2.9 2.7 0.3
All commodities 150.6 5.2 8.0 31.3
  • 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).

Next issue: 18 February 2022 at 12.00 pm

Pour en savoir plus

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).

Next issue: 18 February 2022 at 12.00 pm

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