Informations Rapides ·
20 December 2024 · n° 326
In November 2024, prices for imported food commodities in euros accelerated strongly Prices of energy and imported raw materials - November 2024
In November 2024, oil prices in euros slowed sharply (+0.5% month on month after +4.1% in October), while gas prices remained highly dynamic (+10.6% after +11.7%). Prices in euros for imported raw materials (excluding energy) accelerated over one month (+4.1% after +3.5%), partly due to the depreciation of the euro against the dollar, and rose sharply over one year (+11.1%). Prices for industrial raw materials slowed significantly month on month (+0.9% after +7.4%) but increased by 3.3% over one year. Additionally, most prices for strategic raw materials retreated over one month, following a near-generalized rise the previous month. Finally, food commodity prices accelerated strongly over one month (+6.6% after +0.7%) and surged over one year (+17.5%), driven by soaring tropical commodity prices (+78.9%).
In November 2024, oil prices in euros slowed sharply (+0.5% month on month after +4.1% in October), while gas prices remained highly dynamic (+10.6% after +11.7%). Prices in euros for imported raw materials (excluding energy) accelerated over one month (+4.1% after +3.5%), partly due to the depreciation of the euro against the dollar, and rose sharply over one year (+11.1%). Prices for industrial raw materials slowed significantly month on month (+0.9% after +7.4%) but increased by 3.3% over one year. Additionally, most prices for strategic raw materials retreated over one month, following a near-generalized rise the previous month. Finally, food commodity prices accelerated strongly over one month (+6.6% after +0.7%) and surged over one year (+17.5%), driven by soaring tropical commodity prices (+78.9%).
tableauImported raw materials (excluding energy)
| Price index in foreign currencies | Price index in euros | |
|---|---|---|
| 2024-11 | 144.3 | 167.3 |
| 2024-10 | 141.8 | 160.8 |
| 2024-09 | 139.3 | 155.3 |
| 2024-08 | 138.4 | 155.4 |
| 2024-07 | 137.9 | 157.1 |
| 2024-06 | 142.3 | 163.5 |
| 2024-05 | 143.8 | 164.3 |
| 2024-04 | 144.2 | 165.9 |
| 2024-03 | 136.5 | 155.3 |
| 2024-02 | 132.8 | 152.2 |
| 2024-01 | 132.5 | 150.6 |
| 2023-12 | 133.4 | 151.5 |
| 2023-11 | 132.0 | 150.6 |
| 2023-10 | 127.7 | 148.7 |
| 2023-09 | 128.3 | 148.2 |
| 2023-08 | 126.9 | 144.0 |
| 2023-07 | 128.6 | 144.3 |
| 2023-06 | 127.0 | 144.6 |
| 2023-05 | 125.8 | 142.9 |
| 2023-04 | 130.7 | 147.7 |
| 2023-03 | 129.8 | 150.1 |
| 2023-02 | 131.4 | 152.4 |
| 2023-01 | 130.3 | 150.8 |
| 2022-12 | 126.1 | 147.9 |
| 2022-11 | 122.5 | 148.2 |
| 2022-10 | 123.1 | 153.4 |
| 2022-09 | 125.6 | 156.4 |
| 2022-08 | 132.3 | 162.5 |
| 2022-07 | 132.1 | 160.6 |
| 2022-06 | 140.2 | 165.5 |
| 2022-05 | 144.1 | 170.5 |
| 2022-04 | 152.9 | 179.0 |
| 2022-03 | 153.4 | 176.6 |
| 2022-02 | 143.2 | 160.3 |
| 2022-01 | 137.8 | 154.7 |
| 2021-12 | 132.4 | 148.6 |
| 2021-11 | 127.6 | 142.1 |
| 2021-10 | 131.4 | 144.5 |
| 2021-09 | 128.6 | 139.2 |
| 2021-08 | 132.8 | 143.5 |
| 2021-07 | 134.7 | 145.0 |
| 2021-06 | 135.8 | 144.1 |
| 2021-05 | 138.7 | 146.1 |
| 2021-04 | 130.4 | 139.3 |
| 2021-03 | 123.0 | 131.9 |
| 2021-02 | 119.7 | 126.3 |
| 2021-01 | 116.3 | 122.1 |
| 2020-12 | 113.1 | 118.4 |
| 2020-11 | 104.5 | 112.1 |
| 2020-10 | 100.9 | 108.5 |
| 2020-09 | 101.2 | 108.7 |
| 2020-08 | 98.9 | 106.0 |
| 2020-07 | 93.2 | 102.6 |
| 2020-06 | 91.1 | 101.7 |
| 2020-05 | 89.8 | 103.0 |
| 2020-04 | 85.4 | 97.8 |
| 2020-03 | 89.2 | 100.7 |
| 2020-02 | 92.1 | 106.3 |
| 2020-01 | 95.0 | 108.4 |
| 2019-12 | 94.2 | 107.2 |
| 2019-11 | 91.5 | 104.6 |
| 2019-10 | 90.1 | 103.0 |
| 2019-09 | 91.0 | 104.5 |
| 2019-08 | 91.3 | 103.9 |
| 2019-07 | 97.8 | 110.9 |
| 2019-06 | 96.4 | 108.5 |
| 2019-05 | 94.5 | 107.2 |
| 2019-04 | 95.7 | 108.4 |
| 2019-03 | 93.5 | 105.3 |
| 2019-02 | 94.4 | 105.9 |
| 2019-01 | 91.3 | 101.8 |
| 2018-12 | 89.6 | 100.1 |
| 2018-11 | 91.6 | 102.6 |
| 2018-10 | 92.8 | 103.2 |
| 2018-09 | 89.7 | 98.3 |
| 2018-08 | 91.1 | 100.7 |
| 2018-07 | 94.2 | 103.3 |
| 2018-06 | 98.4 | 108.2 |
| 2018-05 | 98.8 | 107.4 |
| 2018-04 | 97.7 | 102.7 |
| 2018-03 | 97.5 | 102.2 |
| 2018-02 | 98.5 | 103.0 |
| 2018-01 | 97.4 | 102.9 |
| 2017-12 | 94.6 | 102.3 |
| 2017-11 | 94.7 | 103.4 |
| 2017-10 | 94.1 | 102.9 |
| 2017-09 | 95.8 | 103.6 |
| 2017-08 | 97.0 | 105.8 |
| 2017-07 | 95.0 | 105.7 |
| 2017-06 | 92.0 | 104.5 |
| 2017-05 | 92.5 | 106.4 |
| 2017-04 | 93.5 | 110.7 |
| 2017-03 | 98.1 | 116.7 |
| 2017-02 | 98.7 | 118.1 |
| 2017-01 | 96.2 | 115.1 |
| 2016-12 | 93.8 | 112.9 |
| 2016-11 | 92.5 | 109.1 |
| 2016-10 | 87.1 | 101.0 |
| 2016-09 | 86.3 | 98.5 |
| 2016-08 | 87.7 | 99.9 |
| 2016-07 | 88.3 | 101.6 |
| 2016-06 | 85.9 | 97.8 |
| 2016-05 | 83.8 | 94.9 |
| 2016-04 | 84.0 | 94.9 |
| 2016-03 | 81.0 | 93.0 |
| 2016-02 | 77.5 | 89.0 |
| 2016-01 | 75.6 | 88.4 |
| 2015-12 | 76.7 | 89.5 |
| 2015-11 | 78.0 | 92.3 |
| 2015-10 | 81.2 | 92.6 |
| 2015-09 | 81.8 | 93.4 |
| 2015-08 | 82.7 | 95.1 |
| 2015-07 | 83.9 | 98.1 |
| 2015-06 | 86.5 | 99.7 |
| 2015-05 | 86.8 | 100.7 |
| 2015-04 | 85.4 | 102.0 |
| 2015-03 | 86.2 | 102.2 |
| 2015-02 | 89.0 | 101.4 |
| 2015-01 | 91.5 | 101.9 |
| 2014-12 | 94.3 | 99.6 |
| 2014-11 | 96.8 | 101.8 |
| 2014-10 | 97.9 | 101.8 |
| 2014-09 | 98.6 | 101.1 |
| 2014-08 | 101.5 | 101.1 |
| 2014-07 | 102.3 | 100.3 |
| 2014-06 | 101.2 | 98.9 |
| 2014-05 | 103.2 | 100.0 |
| 2014-04 | 106.1 | 102.3 |
| 2014-03 | 104.9 | 101.0 |
| 2014-02 | 103.2 | 100.3 |
| 2014-01 | 101.7 | 99.1 |
| 2013-12 | 101.9 | 98.8 |
| 2013-11 | 101.0 | 99.4 |
| 2013-10 | 100.3 | 97.9 |
| 2013-09 | 100.5 | 100.1 |
| 2013-08 | 101.6 | 101.5 |
| 2013-07 | 101.1 | 102.5 |
| 2013-06 | 100.1 | 101.1 |
| 2013-05 | 101.4 | 104.1 |
| 2013-04 | 102.5 | 104.9 |
| 2013-03 | 103.9 | 106.8 |
| 2013-02 | 106.0 | 106.2 |
| 2013-01 | 104.4 | 105.1 |
graphiqueImported raw materials (excluding energy)
- Source: INSEE.
Oil prices in euros slowed, while gas prices increased sharply again
In November 2024, the price in dollars of North Sea crude oil (Brent) fell back (‑2.0% after +2.2% in October), averaging $74.1 per barrel. In euros, the price per barrel rose very slightly (+0.5% after +4.1%), due to the depreciation of the euro against the dollar over the period. Year on year, the price per barrel dropped by 10.6% in dollars and by 9.2% in euros.
The price of natural gas on the European market (TTF) remained highly dynamic (+10.6% after +11.7%), averaging €44.7/MWh. However, it was slightly down year on year (‑2.3%). Lastly, the price of uranium in euros declined over one month (‑2.6% after +4.9%) but increased slightly over one year (+3.5%).
tableauPrices of energy
| Brent in dollars per barrel | Brent in euros per barrel | Natural gas (TTF) in euros per MWh | Uranium in euros per pound | |
|---|---|---|---|---|
| 2024-11 | 74.1 | 69.7 | 44.7 | 73.6 |
| 2024-10 | 75.6 | 69.4 | 40.4 | 75.6 |
| 2024-09 | 74.0 | 66.6 | 36.2 | 72.0 |
| 2024-08 | 80.4 | 73.0 | 38.3 | 73.4 |
| 2024-07 | 85.2 | 78.5 | 32.6 | 77.8 |
| 2024-06 | 82.2 | 76.5 | 34.5 | 79.6 |
| 2024-05 | 81.9 | 75.7 | 32.0 | 84.6 |
| 2024-04 | 89.8 | 83.8 | 28.9 | 82.6 |
| 2024-03 | 85.4 | 78.6 | 26.9 | 81.7 |
| 2024-02 | 83.5 | 77.3 | 25.8 | 93.2 |
| 2024-01 | 80.0 | 73.4 | 29.9 | 91.4 |
| 2023-12 | 77.8 | 71.2 | 36.0 | 79.1 |
| 2023-11 | 82.9 | 76.8 | 45.7 | 71.1 |
| 2023-10 | 90.6 | 85.8 | 47.1 | 67.7 |
| 2023-09 | 93.5 | 87.5 | 36.9 | 61.2 |
| 2023-08 | 86.1 | 78.9 | 35.0 | 52.5 |
| 2023-07 | 80.1 | 72.4 | 29.5 | 50.5 |
| 2023-06 | 74.8 | 69.0 | 32.6 | 52.0 |
| 2023-05 | 75.6 | 69.6 | 31.7 | 49.5 |
| 2023-04 | 84.7 | 77.2 | 42.1 | 46.8 |
| 2023-03 | 78.4 | 73.3 | 44.0 | 47.1 |
| 2023-02 | 82.8 | 77.3 | 52.6 | 47.6 |
| 2023-01 | 82.5 | 76.6 | 63.9 | 45.7 |
| 2022-12 | 81.0 | 76.5 | 116.2 | 45.6 |
| 2022-11 | 91.4 | 89.7 | 119.5 | 49.6 |
| 2022-10 | 93.3 | 95.0 | 135.5 | 51.4 |
| 2022-09 | 89.7 | 90.6 | 203.5 | 49.8 |
| 2022-08 | 100.6 | 99.4 | 236.0 | 47.4 |
| 2022-07 | 111.9 | 109.9 | 172.0 | 46.2 |
| 2022-06 | 122.0 | 115.5 | 108.3 | 46.4 |
| 2022-05 | 113.1 | 106.9 | 94.1 | 47.8 |
| 2022-04 | 104.9 | 96.7 | 101.8 | 54.6 |
| 2022-03 | 117.2 | 106.4 | 131.3 | 49.7 |
| 2022-02 | 96.8 | 85.4 | 81.9 | 38.4 |
| 2022-01 | 86.5 | 76.5 | 85.2 | 39.3 |
| 2021-12 | 74.4 | 65.8 | 114.8 | 39.0 |
| 2021-11 | 81.0 | 71.0 | 82.6 | 40.3 |
| 2021-10 | 83.5 | 72.0 | 91.3 | 37.6 |
| 2021-09 | 74.5 | 63.3 | 66.2 | 36.8 |
| 2021-08 | 70.9 | 60.2 | 44.7 | 27.4 |
| 2021-07 | 75.1 | 63.5 | 36.1 | 27.4 |
| 2021-06 | 73.2 | 60.8 | 29.2 | 26.6 |
| 2021-05 | 68.5 | 56.4 | 25.0 | 25.0 |
| 2021-04 | 64.8 | 54.1 | 20.4 | 24.7 |
| 2021-03 | 65.4 | 55.0 | 17.6 | 24.0 |
| 2021-02 | 62.3 | 51.5 | 17.4 | 24.0 |
| 2021-01 | 54.8 | 45.0 | 20.4 | 24.6 |
| 2020-12 | 50.0 | 41.1 | 16.4 | 24.6 |
| 2020-11 | 42.7 | 36.1 | 13.9 | 25.0 |
| 2020-10 | 40.2 | 34.1 | 14.2 | 25.2 |
| 2020-09 | 40.9 | 34.7 | 11.4 | 25.6 |
| 2020-08 | 44.8 | 37.8 | 8.3 | 26.6 |
| 2020-07 | 43.2 | 37.7 | 5.4 | 28.4 |
| 2020-06 | 40.3 | 35.8 | 5.3 | 29.6 |
| 2020-05 | 29.4 | 27.5 | 4.9 | 31.0 |
| 2020-04 | 18.5 | 16.9 | 6.7 | 28.8 |
| 2020-03 | 31.9 | 28.8 | 8.4 | 22.9 |
| 2020-02 | 55.7 | 51.1 | 9.1 | 22.5 |
| 2020-01 | 63.6 | 57.3 | 11.2 | 22.1 |
| 2019-12 | 67.2 | 60.4 | 14.2 | 22.9 |
| 2019-11 | 63.2 | 57.2 | 15.9 | 22.9 |
| 2019-10 | 59.7 | 54.0 | 15.6 | 22.4 |
| 2019-09 | 62.8 | 57.1 | 13.0 | 23.1 |
| 2019-08 | 59.0 | 53.1 | 11.3 | 22.7 |
| 2019-07 | 63.9 | 57.0 | 11.0 | 22.6 |
| 2019-06 | 64.3 | 56.9 | 10.8 | 21.8 |
| 2019-05 | 71.2 | 63.6 | 13.2 | 21.9 |
| 2019-04 | 71.2 | 63.4 | 14.9 | 22.9 |
| 2019-03 | 66.1 | 58.5 | 15.6 | 23.7 |
| 2019-02 | 64.0 | 56.4 | 18.1 | 25.1 |
| 2019-01 | 59.4 | 52.0 | 21.7 | 25.3 |
| 2018-12 | 56.5 | 49.8 | 23.9 | 25.2 |
| 2018-11 | 64.7 | 57.0 | 24.8 | 25.5 |
| 2018-10 | 81.0 | 70.6 | 26.1 | 24.1 |
| 2018-09 | 78.9 | 67.7 | 27.9 | 23.3 |
| 2018-08 | 72.5 | 62.8 | 23.9 | 22.7 |
| 2018-07 | 74.3 | 63.5 | 22.2 | 20.5 |
| 2018-06 | 74.4 | 63.7 | 21.8 | 19.8 |
| 2018-05 | 76.9 | 65.2 | 21.6 | 18.7 |
| 2018-04 | 72.0 | 58.7 | 19.3 | 16.9 |
| 2018-03 | 66.0 | 53.5 | 18.5 | 17.7 |
| 2018-02 | 65.3 | 52.9 | 18.6 | 17.6 |
| 2018-01 | 69.1 | 56.6 | 18.6 | 19.1 |
| 2017-12 | 64.4 | 54.4 | 20.6 | 20.6 |
| 2017-11 | 62.7 | 53.4 | 19.5 | 19.6 |
| 2017-10 | 57.5 | 48.9 | 17.9 | 17.3 |
| 2017-09 | 55.5 | 46.6 | 17.1 | 17.2 |
| 2017-08 | 51.9 | 44.0 | 15.8 | 17.3 |
| 2017-07 | 49.1 | 42.6 | 14.8 | 17.8 |
| 2017-06 | 47.6 | 42.4 | 14.9 | 17.8 |
| 2017-05 | 51.4 | 46.5 | 15.6 | 19.5 |
| 2017-04 | 53.8 | 50.1 | 16.0 | 21.6 |
| 2017-03 | 52.6 | 49.2 | 16.0 | 23.4 |
| 2017-02 | 56.0 | 52.6 | 19.4 | 23.6 |
| 2017-01 | 55.4 | 52.2 | 19.7 | 21.5 |
| 2016-12 | 54.9 | 52.1 | 17.5 | 18.8 |
| 2016-11 | 47.1 | 43.7 | 18.0 | 17.1 |
| 2016-10 | 51.4 | 46.6 | 16.5 | 19.2 |
| 2016-09 | 47.7 | 42.5 | 12.9 | 22.0 |
| 2016-08 | 46.8 | 41.8 | 12.3 | 23.2 |
| 2016-07 | 45.3 | 41.0 | 14.4 | 23.5 |
| 2016-06 | 48.2 | 43.0 | 14.4 | 24.2 |
| 2016-05 | 46.7 | 41.3 | 13.1 | 24.6 |
| 2016-04 | 41.6 | 36.7 | 12.0 | 25.4 |
| 2016-03 | 38.2 | 34.4 | 12.0 | 26.9 |
| 2016-02 | 32.2 | 29.0 | 12.2 | 30.3 |
| 2016-01 | 30.7 | 28.3 | 13.8 | 32.0 |
graphiquePrices of energy
- Source: INSEE.
tableauEnergy prices
| prices of last month | changes (in %) | |||
|---|---|---|---|---|
| M/M-1 | M/M-3 | M/M-12 | ||
| Brent in $ per barrel | 74.1 | -2.0 | -7.8 | -10.6 |
| Brent in € per barrel | 69.7 | 0.5 | -4.5 | -9.2 |
| Natural gas (TTF) in €/MWh | 44.7 | 10.6 | 16.6 | -2.3 |
| Uranium in €/pound | 73.6 | -2.6 | 0.4 | 3.5 |
- Source: INSEE.
Prices in euros of industrial raw materials slowed significantly
In November 2024, prices in euros of industrial raw materials slowed markedly (+0.9% after +7.4% in October). Over one year, they increased by 3.3%.
Prices for mineral materials decelerated sharply (+0.4% after +7.9%): prices for ferrous metals slackened (+1.8% after +10.3%), as did those for precious metals (+0.3% after +7.4%). Prices for non-ferrous metals fell back slightly (‑0.2% after +7.0%). Year on year, prices for mineral materials were up by 2.8%: prices for precious metals surged (+32.7%), as did those for non-ferrous metals (+13.2%), while prices for ferrous metals plummeted (‑20.9%).
Prices for agro-industrial raw materials increased again (+3.9% after +4.1%), driven by a sharp acceleration in prices for sawn softwood (+13.0% after +6.7%). Prices for paper pulp rose at a slower pace (+1.3% after +3.2%), as did those for natural textile fibres (+0.5% after +3.3%). In contrast, prices for natural rubber fell back (‑1.8% after +7.3%). Lastly, prices for hides were virtually stable (‑0.1% after +2.1%), as were those for tropical sawn wood (+0.1% after +0.6%). Over one year, prices for agro-industrial materials advanced by 6.6%. Prices for natural rubber soared (+32.7%), and those for sawn softwood expanded sharply (+13.3%). Only prices for natural textile fibres declined (‑5.5%).
tableauIndustrial raw materials
| Price index in foreign currencies | Price index in euros | |
|---|---|---|
| 2024-11 | 109.1 | 135.6 |
| 2024-10 | 110.8 | 134.3 |
| 2024-09 | 105.1 | 125.1 |
| 2024-08 | 104.4 | 125.2 |
| 2024-07 | 106.5 | 129.7 |
| 2024-06 | 108.8 | 133.5 |
| 2024-05 | 114.6 | 140.0 |
| 2024-04 | 110.5 | 136.0 |
| 2024-03 | 104.3 | 126.7 |
| 2024-02 | 104.9 | 128.4 |
| 2024-01 | 108.0 | 130.9 |
| 2023-12 | 109.3 | 132.5 |
| 2023-11 | 107.3 | 131.2 |
| 2023-10 | 103.4 | 129.1 |
| 2023-09 | 104.6 | 129.2 |
| 2023-08 | 101.1 | 122.4 |
| 2023-07 | 103.0 | 123.1 |
| 2023-06 | 102.5 | 125.1 |
| 2023-05 | 101.6 | 123.7 |
| 2023-04 | 108.3 | 130.8 |
| 2023-03 | 110.8 | 137.0 |
| 2023-02 | 113.7 | 140.6 |
| 2023-01 | 114.5 | 140.8 |
| 2022-12 | 108.3 | 135.3 |
| 2022-11 | 100.7 | 130.3 |
| 2022-10 | 98.3 | 131.9 |
| 2022-09 | 101.2 | 135.0 |
| 2022-08 | 107.6 | 140.7 |
| 2022-07 | 106.0 | 138.1 |
| 2022-06 | 119.1 | 149.6 |
| 2022-05 | 125.9 | 157.9 |
| 2022-04 | 141.2 | 173.5 |
| 2022-03 | 146.3 | 176.8 |
| 2022-02 | 135.0 | 158.4 |
| 2022-01 | 128.2 | 150.8 |
| 2021-12 | 120.6 | 141.9 |
| 2021-11 | 112.2 | 130.7 |
| 2021-10 | 120.9 | 138.6 |
| 2021-09 | 118.4 | 133.8 |
| 2021-08 | 124.0 | 140.0 |
| 2021-07 | 135.0 | 151.8 |
| 2021-06 | 136.6 | 150.8 |
| 2021-05 | 140.6 | 154.1 |
| 2021-04 | 129.1 | 143.5 |
| 2021-03 | 122.2 | 136.6 |
| 2021-02 | 118.7 | 130.5 |
| 2021-01 | 115.8 | 126.6 |
| 2020-12 | 111.1 | 121.3 |
| 2020-11 | 97.0 | 108.8 |
| 2020-10 | 92.7 | 104.4 |
| 2020-09 | 94.8 | 106.5 |
| 2020-08 | 93.5 | 104.7 |
| 2020-07 | 85.4 | 98.5 |
| 2020-06 | 80.0 | 94.0 |
| 2020-05 | 74.7 | 90.6 |
| 2020-04 | 71.5 | 86.9 |
| 2020-03 | 75.1 | 89.8 |
| 2020-02 | 78.3 | 95.0 |
| 2020-01 | 82.5 | 98.3 |
| 2019-12 | 80.7 | 96.1 |
| 2019-11 | 78.1 | 93.5 |
| 2019-10 | 79.0 | 94.5 |
| 2019-09 | 81.1 | 97.4 |
| 2019-08 | 80.2 | 95.3 |
| 2019-07 | 89.5 | 105.7 |
| 2019-06 | 85.5 | 100.3 |
| 2019-05 | 83.8 | 99.2 |
| 2019-04 | 84.3 | 99.5 |
| 2019-03 | 82.4 | 96.8 |
| 2019-02 | 82.6 | 96.5 |
| 2019-01 | 76.9 | 89.3 |
| 2018-12 | 75.3 | 87.5 |
| 2018-11 | 77.5 | 90.2 |
| 2018-10 | 78.8 | 90.8 |
| 2018-09 | 77.1 | 87.5 |
| 2018-08 | 77.9 | 89.3 |
| 2018-07 | 78.9 | 89.5 |
| 2018-06 | 82.9 | 94.4 |
| 2018-05 | 83.7 | 94.4 |
| 2018-04 | 83.1 | 90.2 |
| 2018-03 | 82.5 | 89.2 |
| 2018-02 | 86.5 | 93.3 |
| 2018-01 | 86.1 | 93.9 |
| 2017-12 | 81.8 | 91.8 |
| 2017-11 | 80.2 | 90.8 |
| 2017-10 | 79.2 | 89.5 |
| 2017-09 | 81.3 | 90.7 |
| 2017-08 | 80.0 | 90.0 |
| 2017-07 | 74.4 | 85.7 |
| 2017-06 | 70.2 | 82.8 |
| 2017-05 | 72.1 | 86.4 |
| 2017-04 | 75.4 | 93.1 |
| 2017-03 | 80.9 | 100.3 |
| 2017-02 | 81.5 | 101.4 |
| 2017-01 | 76.9 | 95.9 |
| 2016-12 | 75.5 | 94.9 |
| 2016-11 | 71.9 | 88.3 |
| 2016-10 | 64.8 | 78.0 |
| 2016-09 | 63.9 | 75.7 |
| 2016-08 | 65.7 | 77.8 |
| 2016-07 | 64.5 | 77.4 |
| 2016-06 | 61.2 | 72.4 |
| 2016-05 | 61.9 | 72.8 |
| 2016-04 | 63.6 | 74.6 |
| 2016-03 | 61.0 | 73.1 |
| 2016-02 | 56.6 | 67.8 |
| 2016-01 | 53.7 | 65.6 |
| 2015-12 | 54.3 | 66.4 |
| 2015-11 | 56.2 | 69.7 |
| 2015-10 | 60.7 | 72.0 |
| 2015-09 | 62.4 | 74.0 |
| 2015-08 | 62.2 | 74.5 |
| 2015-07 | 64.1 | 77.9 |
| 2015-06 | 69.1 | 82.3 |
| 2015-05 | 70.5 | 84.3 |
| 2015-04 | 67.4 | 83.4 |
| 2015-03 | 68.3 | 84.1 |
| 2015-02 | 70.7 | 83.1 |
| 2015-01 | 73.3 | 84.2 |
| 2014-12 | 77.3 | 83.7 |
| 2014-11 | 80.4 | 86.0 |
| 2014-10 | 81.7 | 86.1 |
| 2014-09 | 83.8 | 86.7 |
| 2014-08 | 87.3 | 87.5 |
| 2014-07 | 87.7 | 86.4 |
| 2014-06 | 84.7 | 83.1 |
| 2014-05 | 86.1 | 83.7 |
| 2014-04 | 89.2 | 86.1 |
| 2014-03 | 87.6 | 84.6 |
| 2014-02 | 90.3 | 88.3 |
| 2014-01 | 92.5 | 90.8 |
| 2013-12 | 94.2 | 91.8 |
| 2013-11 | 93.5 | 92.4 |
| 2013-10 | 92.8 | 90.8 |
| 2013-09 | 92.5 | 92.5 |
| 2013-08 | 93.6 | 93.8 |
| 2013-07 | 89.7 | 91.5 |
| 2013-06 | 87.5 | 88.5 |
| 2013-05 | 91.0 | 93.6 |
| 2013-04 | 95.6 | 97.8 |
| 2013-03 | 98.9 | 101.7 |
| 2013-02 | 104.8 | 104.5 |
| 2013-01 | 103.2 | 103.5 |
graphiqueIndustrial raw materials
- Source: INSEE.
Prices of strategic materials for the industry were mostly down
In November 2024, the price in euros of copper retreated (‑2.4% after +5.0% in October), as did that of silver (‑1.5% after +10.1%), nickel (‑3.9% after +6.2%), palladium (‑3.9% after +7.1%), platinum (‑1.1% after +5.4%) and lithium (‑0.5% after +0.9%). The price of chromium diminished again (‑1.2% after ‑0.8%). Conversely, the price of molybdenum accelerated (+12.6% after +2.3%), as did, to a lesser extent, that of cobalt (+2.7% after +2.4%).
tableauPrices of strategic materials for the industry
| prices of last month | changes (in %) | |||
|---|---|---|---|---|
| M/M-1 | M/M-3 | M/M-12 | ||
| Silver (cts €/ounce) | 2,928.6 | -1.5 | 12.9 | 35.4 |
| Chromium (€/tonne) | 8,187.1 | -1.2 | -4.0 | -8.9 |
| Cobalt (€/tonne) | 22,863.3 | 2.7 | -0.3 | -25.3 |
| Copper (€/tonne) | 8,535.0 | -2.4 | 4.8 | 12.9 |
| Lithium (€/tonne) | 93,642.9 | -0.5 | -4.1 | -40.4 |
| Molybdenum (€/tonne) | 45,725.3 | 12.6 | 14.2 | -3.6 |
| Nickel (€/tonne) | 14,802.1 | -3.9 | 0.3 | -5.8 |
| Palladium (€/ounce) | 943.4 | -3.9 | 13.3 | -3.4 |
| Platinum (€/ounce) | 911.0 | -1.1 | 5.6 | 7.9 |
- Within the mineral raw materials index, silver, palladium and platinum are classified as precious metals, while the other strategic raw materials for industry are classified as non-ferrous metals.
- Source: INSEE.
Food commodity prices in euros accelerated strongly
In November 2024, food commodity prices in euros accelerated sharply (+6.6% after +0.7% in October), driven upwards by the strong rebound in the prices for tropical commodities (+11.8% after ‑7.2%) and the acceleration in those for seafood products (+6.4% after +3.4%). In addition, meat prices increased again noticeably (+5.0% after +5.6%) and those for cereals recovered (+2.3% after ‑4.7%). Meanwhile, prices for oilseeds slowed (+1.8% after +6.6%). Only sugar prices fell back a little (‑0.7% after +10.1%). Over one year, food commodity prices were up sharply (+17.5%), due to the surge in tropical commodity prices (+78.9%), driven by cocoa (+104.1%) and coffee (+72.4%). Conversely, prices for sugar (‑19.5%) and cereals (‑13.4%) dropped significantly.
tableauFood raw materials
| Price index in foreign currencies | Price index in euros | |
|---|---|---|
| 2024-11 | 187.6 | 205.0 |
| 2024-10 | 179.9 | 192.4 |
| 2024-09 | 181.3 | 191.1 |
| 2024-08 | 180.2 | 191.2 |
| 2024-07 | 176.4 | 189.6 |
| 2024-06 | 183.4 | 199.1 |
| 2024-05 | 179.6 | 193.6 |
| 2024-04 | 185.6 | 201.5 |
| 2024-03 | 176.0 | 189.2 |
| 2024-02 | 166.9 | 180.7 |
| 2024-01 | 162.3 | 174.6 |
| 2023-12 | 162.7 | 174.7 |
| 2023-11 | 162.1 | 174.4 |
| 2023-10 | 157.4 | 172.7 |
| 2023-09 | 157.2 | 171.5 |
| 2023-08 | 158.4 | 170.3 |
| 2023-07 | 159.9 | 170.1 |
| 2023-06 | 157.0 | 168.4 |
| 2023-05 | 155.4 | 166.4 |
| 2023-04 | 157.8 | 168.6 |
| 2023-03 | 152.6 | 166.5 |
| 2023-02 | 152.5 | 167.3 |
| 2023-01 | 149.1 | 163.7 |
| 2022-12 | 147.1 | 163.6 |
| 2022-11 | 147.9 | 169.4 |
| 2022-10 | 151.9 | 178.4 |
| 2022-09 | 154.0 | 181.2 |
| 2022-08 | 161.0 | 187.9 |
| 2022-07 | 162.4 | 186.6 |
| 2022-06 | 165.1 | 185.0 |
| 2022-05 | 165.9 | 186.6 |
| 2022-04 | 167.7 | 188.0 |
| 2022-03 | 162.9 | 179.9 |
| 2022-02 | 154.0 | 165.4 |
| 2022-01 | 150.0 | 161.6 |
| 2021-12 | 145.9 | 157.3 |
| 2021-11 | 144.5 | 154.9 |
| 2021-10 | 143.8 | 152.5 |
| 2021-09 | 140.5 | 146.6 |
| 2021-08 | 143.6 | 149.2 |
| 2021-07 | 136.7 | 141.7 |
| 2021-06 | 137.3 | 140.8 |
| 2021-05 | 139.1 | 141.8 |
| 2021-04 | 133.7 | 138.3 |
| 2021-03 | 125.9 | 130.3 |
| 2021-02 | 122.6 | 125.0 |
| 2021-01 | 118.8 | 120.4 |
| 2020-12 | 114.6 | 115.9 |
| 2020-11 | 112.8 | 116.4 |
| 2020-10 | 110.0 | 113.5 |
| 2020-09 | 108.1 | 111.7 |
| 2020-08 | 104.5 | 108.0 |
| 2020-07 | 101.9 | 107.6 |
| 2020-06 | 103.7 | 110.9 |
| 2020-05 | 107.2 | 117.4 |
| 2020-04 | 101.5 | 110.4 |
| 2020-03 | 105.4 | 113.4 |
| 2020-02 | 107.9 | 119.5 |
| 2020-01 | 109.4 | 120.1 |
| 2019-12 | 109.9 | 120.5 |
| 2019-11 | 107.4 | 118.0 |
| 2019-10 | 102.8 | 113.0 |
| 2019-09 | 101.9 | 112.7 |
| 2019-08 | 104.1 | 114.0 |
| 2019-07 | 106.5 | 116.6 |
| 2019-06 | 108.6 | 118.1 |
| 2019-05 | 106.5 | 116.5 |
| 2019-04 | 108.5 | 118.8 |
| 2019-03 | 106.0 | 115.3 |
| 2019-02 | 107.9 | 116.9 |
| 2019-01 | 108.4 | 117.0 |
| 2018-12 | 106.8 | 115.4 |
| 2018-11 | 108.3 | 117.6 |
| 2018-10 | 109.4 | 118.3 |
| 2018-09 | 104.3 | 111.2 |
| 2018-08 | 106.6 | 114.5 |
| 2018-07 | 112.6 | 120.0 |
| 2018-06 | 117.0 | 124.9 |
| 2018-05 | 116.7 | 123.2 |
| 2018-04 | 115.0 | 117.9 |
| 2018-03 | 115.3 | 118.0 |
| 2018-02 | 112.2 | 114.5 |
| 2018-01 | 110.0 | 113.3 |
| 2017-12 | 109.2 | 114.7 |
| 2017-11 | 111.7 | 118.6 |
| 2017-10 | 111.8 | 119.1 |
| 2017-09 | 112.9 | 119.2 |
| 2017-08 | 117.7 | 125.2 |
| 2017-07 | 121.1 | 130.9 |
| 2017-06 | 120.0 | 131.8 |
| 2017-05 | 118.1 | 131.6 |
| 2017-04 | 115.9 | 132.6 |
| 2017-03 | 119.0 | 136.9 |
| 2017-02 | 119.5 | 138.6 |
| 2017-01 | 120.1 | 139.1 |
| 2016-12 | 115.9 | 134.6 |
| 2016-11 | 118.4 | 135.0 |
| 2016-10 | 115.8 | 130.4 |
| 2016-09 | 115.1 | 127.5 |
| 2016-08 | 115.8 | 128.0 |
| 2016-07 | 119.2 | 132.7 |
| 2016-06 | 118.5 | 130.7 |
| 2016-05 | 112.1 | 123.0 |
| 2016-04 | 110.1 | 120.6 |
| 2016-03 | 106.5 | 118.3 |
| 2016-02 | 104.7 | 116.1 |
| 2016-01 | 104.6 | 117.8 |
| 2015-12 | 105.3 | 118.7 |
| 2015-11 | 105.7 | 120.8 |
| 2015-10 | 107.2 | 118.6 |
| 2015-09 | 106.4 | 117.7 |
| 2015-08 | 108.5 | 120.9 |
| 2015-07 | 108.9 | 123.3 |
| 2015-06 | 108.3 | 121.3 |
| 2015-05 | 107.1 | 121.0 |
| 2015-04 | 108.0 | 125.1 |
| 2015-03 | 108.5 | 124.7 |
| 2015-02 | 111.8 | 124.1 |
| 2015-01 | 114.3 | 123.8 |
| 2014-12 | 114.9 | 119.2 |
| 2014-11 | 116.6 | 121.1 |
| 2014-10 | 117.7 | 121.0 |
| 2014-09 | 116.7 | 118.8 |
| 2014-08 | 118.9 | 117.8 |
| 2014-07 | 120.2 | 117.2 |
| 2014-06 | 121.3 | 118.3 |
| 2014-05 | 124.0 | 120.0 |
| 2014-04 | 126.9 | 122.0 |
| 2014-03 | 126.0 | 121.0 |
| 2014-02 | 119.0 | 115.2 |
| 2014-01 | 113.1 | 109.7 |
| 2013-12 | 111.7 | 107.7 |
| 2013-11 | 110.6 | 108.3 |
| 2013-10 | 109.9 | 106.9 |
| 2013-09 | 110.7 | 109.9 |
| 2013-08 | 111.9 | 111.4 |
| 2013-07 | 115.4 | 116.5 |
| 2013-06 | 116.0 | 117.0 |
| 2013-05 | 114.5 | 117.4 |
| 2013-04 | 111.4 | 114.0 |
| 2013-03 | 110.3 | 113.4 |
| 2013-02 | 107.9 | 108.6 |
| 2013-01 | 106.2 | 107.4 |
graphiqueFood raw materials
- Source: INSEE.
tableauImported raw materials (excluding energy) in euros
| Index of last month | changes (in %) | |||
|---|---|---|---|---|
| M/M-1 | M/M-3 | M/M-12 | ||
| Industrial raw materials | 135.6 | 0.9 | 8.2 | 3.3 |
| Agricultural raw materials | 139.4 | 3.9 | 7.5 | 6.6 |
| Natural textile fibres | 110.1 | 0.5 | 4.9 | -5.5 |
| Natural rubber | 70.6 | -1.8 | 14.0 | 32.7 |
| Hides | 103.1 | -0.1 | -1.0 | 0.9 |
| Wood pulp | 141.8 | 1.3 | 4.0 | 3.8 |
| Tropical sawn wood | 101.9 | 0.1 | 2.1 | 4.4 |
| Sawn softwood | 247.5 | 13.0 | 18.3 | 13.3 |
| Minerals | 132.3 | 0.4 | 8.4 | 2.8 |
| Ferrous metals | 92.2 | 1.8 | 4.1 | -20.9 |
| Non-ferrous metals | 142.6 | -0.2 | 9.6 | 13.2 |
| Precious metals | 223.2 | 0.3 | 11.5 | 32.7 |
| Food total | 205.0 | 6.6 | 7.2 | 17.5 |
| Tropical foodstuffs | 302.8 | 11.8 | 6.3 | 78.9 |
| Oilseeds, vegetable oils | 174.5 | 1.8 | 9.4 | -0.2 |
| Cereals | 136.0 | 2.3 | -2.4 | -13.4 |
| Sugar | 121.6 | -0.7 | 21.7 | -19.5 |
| Meat | 190.1 | 5.0 | 11.2 | 9.0 |
| Seafood products | 147.1 | 6.4 | 2.0 | -3.7 |
| All commodities | 167.3 | 4.1 | 7.7 | 11.1 |
- Source: INSEE.
Revisions
For October 2024, the monthly change in the food commodity price index in euros was revised downwards by 0.1 points to +0.7%, instead of +0.8%. As a result, the monthly change in the imported raw materials price index in euros has also been revised downwards by 0.1 points to +3.5%, instead of +3.6%.
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.
Natural gas: TTF (futures contracts in the Netherlands) is considered as the benchmark market in Europe.
Uranium: the price monitored is that of triuranium octaoxide (U3O8) listed on the New York Mercantile Exchange.
Energy: prices of energy are monthly averages.
Indices of non-energy raw materials imported by France: the indices calculated by INSEE are monthly averages of raw material prices, weighted by their share in the French imports of raw materials (2010 = 100).
Strategic materials for the industry: the list of strategic materials monitored is a non-exhaustive selection of raw materials with which the French industry is particularly dependent, especially with regard to the energy transition. This selection is based on the work of the French Geological and Mining Research Bureau (BRGM) on critical and strategic materials.
Next issue: 24 January 2025 at 12.00 pm.
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.
Natural gas: TTF (futures contracts in the Netherlands) is considered as the benchmark market in Europe.
Uranium: the price monitored is that of triuranium octaoxide (U3O8) listed on the New York Mercantile Exchange.
Energy: prices of energy are monthly averages.
Indices of non-energy raw materials imported by France: the indices calculated by INSEE are monthly averages of raw material prices, weighted by their share in the French imports of raw materials (2010 = 100).
Strategic materials for the industry: the list of strategic materials monitored is a non-exhaustive selection of raw materials with which the French industry is particularly dependent, especially with regard to the energy transition. This selection is based on the work of the French Geological and Mining Research Bureau (BRGM) on critical and strategic materials.
Next issue: 24 January 2025 at 12.00 pm.