Informations Rapides ·
27 March 2026 · n° 80
In February 2026, oil price accelerated and those of gas fell back Prices of energy and imported raw materials - February 2026
In February 2026, the price of oil in euros accelerated (+6.6% month on month, after +4.6% in January 2026) while that of gas fell back (‑5.1% after +23.7%). Prices in euros of imported raw materials (excluding energy) fell back (‑3.2% after +1.4%) and decreased over one year (‑9.9%). Prices in euros of industrial raw materials also fell back over one month (‑2.2% after +9.3%) but increased over one year (+8.8%). Prices of strategic raw materials almost all fell back over the month. Finally, prices in euros of food commodities decreased again over one month (‑4.2% after ‑4.7%) and decreased sharply over the year (‑23.3%).
As every year begins, the weights of the commodity indices (excluding energy) for 2026 have been updated with import data for 2025. These new weights naturally lead to revisions of the indices published for January 2026, which may be more significant than those of other months. The weights for 2024 and 2025 have also been revised, very marginally, with the latest available data. The weights used in 2026 are presented in the methodological note updated for the publication of this “Informations Rapides”.
In February 2026, the price of oil in euros accelerated (+6.6% month on month, after +4.6% in January 2026) while that of gas fell back (‑5.1% after +23.7%). Prices in euros of imported raw materials (excluding energy) fell back (‑3.2% after +1.4%) and decreased over one year (‑9.9%). Prices in euros of industrial raw materials also fell back over one month (‑2.2% after +9.3%) but increased over one year (+8.8%). Prices of strategic raw materials almost all fell back over the month. Finally, prices in euros of food commodities decreased again over one month (‑4.2% after ‑4.7%) and decreased sharply over the year (‑23.3%).
tableauImported raw materials (excluding energy)
| Price index in foreign currencies | Price index in euros | |
|---|---|---|
| 2026-02 | 151.6 | 160.6 |
| 2026-01 | 156.0 | 165.9 |
| 2025-12 | 153.9 | 163.7 |
| 2025-11 | 151.1 | 162.7 |
| 2025-10 | 150.1 | 160.8 |
| 2025-09 | 147.8 | 157.1 |
| 2025-08 | 143.6 | 153.5 |
| 2025-07 | 142.8 | 152.1 |
| 2025-06 | 144.4 | 156.1 |
| 2025-05 | 146.7 | 161.7 |
| 2025-04 | 144.8 | 159.9 |
| 2025-03 | 149.1 | 170.5 |
| 2025-02 | 151.1 | 178.3 |
| 2025-01 | 147.5 | 174.8 |
| 2024-12 | 146.6 | 172.1 |
| 2024-11 | 144.3 | 167.3 |
| 2024-10 | 141.7 | 160.7 |
| 2024-09 | 139.2 | 155.2 |
| 2024-08 | 138.2 | 155.2 |
| 2024-07 | 137.8 | 156.9 |
| 2024-06 | 142.2 | 163.4 |
| 2024-05 | 143.7 | 164.2 |
| 2024-04 | 144.1 | 165.8 |
| 2024-03 | 136.4 | 155.2 |
| 2024-02 | 132.8 | 152.2 |
| 2024-01 | 132.5 | 150.6 |
| 2023-12 | 133.4 | 151.5 |
| 2023-11 | 131.9 | 150.5 |
| 2023-10 | 127.7 | 148.7 |
| 2023-09 | 128.3 | 148.3 |
| 2023-08 | 126.9 | 144.1 |
| 2023-07 | 128.5 | 144.2 |
| 2023-06 | 127.0 | 144.5 |
| 2023-05 | 125.8 | 142.9 |
| 2023-04 | 130.6 | 147.7 |
| 2023-03 | 129.8 | 150.1 |
| 2023-02 | 131.5 | 152.5 |
| 2023-01 | 130.3 | 150.8 |
| 2022-12 | 126.0 | 147.8 |
| 2022-11 | 122.3 | 148.0 |
| 2022-10 | 123.1 | 153.4 |
| 2022-09 | 125.6 | 156.4 |
| 2022-08 | 132.3 | 162.6 |
| 2022-07 | 132.2 | 160.7 |
| 2022-06 | 140.2 | 165.6 |
| 2022-05 | 144.1 | 170.5 |
| 2022-04 | 153.0 | 179.1 |
| 2022-03 | 152.3 | 175.5 |
| 2022-02 | 143.2 | 160.3 |
| 2022-01 | 137.8 | 154.7 |
| 2021-12 | 132.3 | 148.6 |
| 2021-11 | 127.6 | 142.2 |
| 2021-10 | 131.4 | 144.5 |
| 2021-09 | 128.6 | 139.3 |
| 2021-08 | 132.9 | 143.5 |
| 2021-07 | 134.7 | 145.0 |
| 2021-06 | 135.9 | 144.1 |
| 2021-05 | 138.7 | 146.1 |
| 2021-04 | 130.3 | 139.3 |
| 2021-03 | 123.0 | 132.0 |
| 2021-02 | 119.7 | 126.3 |
| 2021-01 | 116.3 | 122.1 |
| 2020-12 | 113.2 | 118.5 |
| 2020-11 | 104.5 | 112.0 |
| 2020-10 | 100.9 | 108.4 |
| 2020-09 | 101.2 | 108.8 |
| 2020-08 | 98.8 | 106.0 |
| 2020-07 | 93.2 | 102.5 |
| 2020-06 | 91.0 | 101.7 |
| 2020-05 | 89.8 | 103.0 |
| 2020-04 | 85.4 | 97.8 |
| 2020-03 | 89.2 | 100.8 |
| 2020-02 | 92.1 | 106.4 |
| 2020-01 | 95.0 | 108.4 |
| 2019-12 | 94.0 | 107.1 |
| 2019-11 | 91.6 | 104.7 |
| 2019-10 | 90.1 | 103.0 |
| 2019-09 | 91.0 | 104.5 |
| 2019-08 | 91.3 | 103.9 |
| 2019-07 | 97.8 | 111.0 |
| 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 | 91.4 | 101.9 |
| 2018-12 | 89.7 | 100.2 |
| 2018-11 | 91.6 | 102.6 |
| 2018-10 | 92.8 | 103.3 |
| 2018-09 | 89.7 | 98.3 |
| 2018-08 | 91.1 | 100.8 |
| 2018-07 | 94.1 | 103.2 |
| 2018-06 | 98.4 | 108.2 |
| 2018-05 | 98.8 | 107.5 |
| 2018-04 | 97.7 | 102.8 |
| 2018-03 | 97.5 | 102.1 |
| 2018-02 | 98.6 | 103.1 |
| 2018-01 | 97.4 | 102.9 |
| 2017-12 | 94.6 | 102.3 |
| 2017-11 | 94.6 | 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 | 92.4 | 106.4 |
| 2017-04 | 93.5 | 110.7 |
| 2017-03 | 98.1 | 116.7 |
| 2017-02 | 98.7 | 118.1 |
| 2017-01 | 96.1 | 115.1 |
| 2016-12 | 93.8 | 112.9 |
| 2016-11 | 92.6 | 109.2 |
| 2016-10 | 87.1 | 101.1 |
| 2016-09 | 86.3 | 98.5 |
| 2016-08 | 87.7 | 99.9 |
| 2016-07 | 88.3 | 101.7 |
| 2016-06 | 85.9 | 97.8 |
| 2016-05 | 83.8 | 94.9 |
| 2016-04 | 84.0 | 94.9 |
| 2016-03 | 80.9 | 93.0 |
| 2016-02 | 77.4 | 88.9 |
| 2016-01 | 75.6 | 88.4 |
| 2015-12 | 76.6 | 89.3 |
| 2015-11 | 78.0 | 92.4 |
| 2015-10 | 81.2 | 92.6 |
| 2015-09 | 81.8 | 93.4 |
| 2015-08 | 82.6 | 95.0 |
| 2015-07 | 84.0 | 98.1 |
| 2015-06 | 86.5 | 99.6 |
| 2015-05 | 86.8 | 100.7 |
| 2015-04 | 85.4 | 102.0 |
| 2015-03 | 86.2 | 102.3 |
| 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 price accelerated while gas prices fell back
In February 2026, the price in dollars of North Sea crude oil (Brent) increased again (+7.3% after +5.0% in January), averaging $69.4 per barrel. It also accelerated in euros (+6.6% after +4.6%). Over the past year, the price per barrel fell in dollars (‑7.9%) and in an even more pronounced way in euros (‑18.9%), due to the appreciation of the euro against the dollar over the period.
The price of natural gas on the European market (TTF) fell back month on month (‑5.1% after +23.7%), averaging €32.4/Mwh. Over the year, it decreased strongly (‑35.5%). Lastly, the price of uranium in euros slowed down over one month (+1.8% after +9.7%) and increased year on year (+15.4%).
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 | |
|---|---|---|---|---|
| 2026-02 | 69.4 | 58.7 | 32.4 | 74.7 |
| 2026-01 | 64.7 | 55.1 | 34.2 | 73.4 |
| 2025-12 | 61.6 | 52.7 | 27.6 | 66.9 |
| 2025-11 | 63.6 | 55.0 | 30.8 | 66.8 |
| 2025-10 | 63.9 | 55.0 | 31.9 | 68.1 |
| 2025-09 | 67.4 | 57.4 | 32.3 | 66.2 |
| 2025-08 | 67.9 | 58.4 | 32.7 | 62.7 |
| 2025-07 | 71.0 | 60.8 | 33.9 | 62.2 |
| 2025-06 | 71.4 | 62.0 | 36.6 | 63.9 |
| 2025-05 | 64.4 | 57.2 | 35.3 | 62.9 |
| 2025-04 | 67.8 | 60.6 | 35.2 | 58.1 |
| 2025-03 | 72.7 | 67.3 | 41.8 | 59.4 |
| 2025-02 | 75.4 | 72.4 | 50.3 | 64.7 |
| 2025-01 | 79.3 | 76.6 | 48.3 | 70.6 |
| 2024-12 | 73.8 | 70.5 | 45.2 | 71.6 |
| 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 | 69.4 | 7.3 | 9.1 | -7.9 |
| Brent in € per barrel | 58.7 | 6.6 | 6.6 | -18.9 |
| Natural gas (TTF) in €/MWh | 32.4 | -5.1 | 5.4 | -35.5 |
| Uranium in €/pound | 74.7 | 1.8 | 11.9 | 15.4 |
- Source: INSEE.
Prices in euros of industrial raw materials fell back
In February 2026, prices in euros of industrial raw materials fell back (‑2.2% after +9.3% in January). Over one year, they rose sharply (+8.8%).
Prices of mineral materials fell back (‑2.4% after +9.9%). Prices of non-ferrous metals fell back (‑2.4% after +10.0%) as well as those of ferrous metals (‑5.2% after +1.6%). Those of precious metals were almost stable (‑0.1% after +17.8%): price of gold increased while those of other precious metal (including silver) fell back. Year on year, mineral material prices went up by 12.8%, still driven by soaring prices of precious metals (+66.5%), notably silver (+125.9%) and gold (+52.7%). Prices of non-ferrous metals were also on the rise over one year (+8.5%), while those of ferrous metals declined (‑15.5%).
Prices of agro-industrial raw materials fell back over a month (‑0.4% after +4.2%), as did those of paper pulp (‑3.1% after +6.7%), and those of tropical sawn wood (‑0.2% after +0.7%). Prices of rubber continued to increase (+4.4% after +5.3%), as did those of sawn softwood (+1.2% after +4.3%) and of natural textile fibres (+0.9% after +4.1%). Prices for hides bounced back (+1.2% after ‑1.3%). Year on year, prices of agro-industrial raw materials decreased sharply (‑15.1%), particularly paper pulp (‑19.6%), sawn softwood (‑15.3%), natural rubber (‑14.9%) and hides (‑11.0%).
tableauIndustrial raw materials
| Price index in foreign currencies | Price index in euros | |
|---|---|---|
| 2026-02 | 139.1 | 155.8 |
| 2026-01 | 141.2 | 159.3 |
| 2025-12 | 129.2 | 145.7 |
| 2025-11 | 123.1 | 140.8 |
| 2025-10 | 123.0 | 139.8 |
| 2025-09 | 117.1 | 131.9 |
| 2025-08 | 113.2 | 128.6 |
| 2025-07 | 113.2 | 128.1 |
| 2025-06 | 110.7 | 127.0 |
| 2025-05 | 109.7 | 128.7 |
| 2025-04 | 108.7 | 128.1 |
| 2025-03 | 113.9 | 139.2 |
| 2025-02 | 112.9 | 143.2 |
| 2025-01 | 108.5 | 138.3 |
| 2024-12 | 108.5 | 136.7 |
| 2024-11 | 109.0 | 135.5 |
| 2024-10 | 110.7 | 134.3 |
| 2024-09 | 105.0 | 125.0 |
| 2024-08 | 104.3 | 125.2 |
| 2024-07 | 106.5 | 129.7 |
| 2024-06 | 108.8 | 133.5 |
| 2024-05 | 114.5 | 140.0 |
| 2024-04 | 110.4 | 136.0 |
| 2024-03 | 104.2 | 126.6 |
| 2024-02 | 104.9 | 128.4 |
| 2024-01 | 108.1 | 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.
Almost all prices in euros of strategic raw materials fell back
In February 2026, price of platinum fell back (‑12.4% after +30.7% in January), as did those of silver (‑11.0% after +42.7%), of palladium (-8.0% after +16.6%), of nickel (-4.7% after +19.6%), of copper (-1.6% after +10.6%), as well as, in a lesser extent, those of molybdenum (-0.7% after +0.6%) and of cobalt (-0.3% after +6.9%). Prices of chromium decreased again (‑10.5% after ‑2.1%). On the contrary, price of lithium continued to increase (+12.7% after +37.6%).
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) | 6,981.5 | -11.0 | 59.1 | 125.9 |
| Chromium (€/tonne) | 8,794.7 | -10.5 | -10.3 | 6.1 |
| Cobalt (€/tonne) | 47,309.1 | -0.3 | 13.4 | 126.8 |
| Copper (€/tonne) | 10,966.9 | -1.6 | 17.4 | 22.4 |
| Lithium (€/tonne) | 126,163.0 | 12.7 | 70.3 | 44.6 |
| Molybdenum (€/tonne) | 54,095.0 | -0.7 | 3.5 | 8.7 |
| Nickel (€/tonne) | 14,483.6 | -4.7 | 14.0 | -1.2 |
| Palladium (€/ounce) | 1,468.3 | -8.0 | 18.9 | 56.2 |
| Platinum (€/ounce) | 1,824.8 | -12.4 | 34.7 | 93.1 |
- 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.
Prices in euros of food commodities decreased again
In February 2026, prices in euros of food commodities decreased again (‑4.2% after ‑4.7% in January).
Prices of tropical commodities still declined more sharply (‑19.4% after ‑12.6%), particularly those of cocoa prices (‑29.9% after ‑15.2%). Prices of sugar also decreased (‑4.5% after ‑1.2%), as did those of cereals (‑0.5% after ‑2.8%). Conversely, meat prices increased again (+1.4% after +0.9%). Prices of oilseeds bounced back (+2.0% after ‑0.9%), as well as those of seafood products (+0.8% after ‑3.8%). Year on year, prices of food commodities plummeted (‑23.3%), including the clear fall in prices of tropical commodities (‑51.8%), of sugar (‑37.8%), of cereals (‑19.5%) and of seafood products (‑13.9%).
tableauFood raw materials
| Price index in foreign currencies | Price index in euros | |
|---|---|---|
| 2026-02 | 167.1 | 168.9 |
| 2026-01 | 174.3 | 176.3 |
| 2025-12 | 182.7 | 185.0 |
| 2025-11 | 184.6 | 188.7 |
| 2025-10 | 182.4 | 185.8 |
| 2025-09 | 185.0 | 187.0 |
| 2025-08 | 180.5 | 183.1 |
| 2025-07 | 178.5 | 180.7 |
| 2025-06 | 185.8 | 190.7 |
| 2025-05 | 192.5 | 201.0 |
| 2025-04 | 189.3 | 197.9 |
| 2025-03 | 192.4 | 207.8 |
| 2025-02 | 198.3 | 220.2 |
| 2025-01 | 196.1 | 218.3 |
| 2024-12 | 193.5 | 214.0 |
| 2024-11 | 187.6 | 204.9 |
| 2024-10 | 179.7 | 192.2 |
| 2024-09 | 181.0 | 190.8 |
| 2024-08 | 179.9 | 190.8 |
| 2024-07 | 176.2 | 189.4 |
| 2024-06 | 183.3 | 199.0 |
| 2024-05 | 179.3 | 193.4 |
| 2024-04 | 185.4 | 201.3 |
| 2024-03 | 175.8 | 189.1 |
| 2024-02 | 166.8 | 180.7 |
| 2024-01 | 162.3 | 174.6 |
| 2023-12 | 162.7 | 174.7 |
| 2023-11 | 161.8 | 174.2 |
| 2023-10 | 157.3 | 172.6 |
| 2023-09 | 157.2 | 171.6 |
| 2023-08 | 158.4 | 170.3 |
| 2023-07 | 159.8 | 169.9 |
| 2023-06 | 156.8 | 168.3 |
| 2023-05 | 155.5 | 166.4 |
| 2023-04 | 157.7 | 168.5 |
| 2023-03 | 152.5 | 166.4 |
| 2023-02 | 152.7 | 167.5 |
| 2023-01 | 149.0 | 163.6 |
| 2022-12 | 147.0 | 163.5 |
| 2022-11 | 147.6 | 169.0 |
| 2022-10 | 151.9 | 178.4 |
| 2022-09 | 154.0 | 181.3 |
| 2022-08 | 161.1 | 188.0 |
| 2022-07 | 162.7 | 187.0 |
| 2022-06 | 165.2 | 185.1 |
| 2022-05 | 165.8 | 186.6 |
| 2022-04 | 167.8 | 188.2 |
| 2022-03 | 160.7 | 177.5 |
| 2022-02 | 153.9 | 165.3 |
| 2022-01 | 150.0 | 161.6 |
| 2021-12 | 145.8 | 157.2 |
| 2021-11 | 144.6 | 155.0 |
| 2021-10 | 143.8 | 152.5 |
| 2021-09 | 140.6 | 146.7 |
| 2021-08 | 143.7 | 149.3 |
| 2021-07 | 136.7 | 141.7 |
| 2021-06 | 137.4 | 140.9 |
| 2021-05 | 139.1 | 141.7 |
| 2021-04 | 133.6 | 138.2 |
| 2021-03 | 125.9 | 130.4 |
| 2021-02 | 122.6 | 125.0 |
| 2021-01 | 118.8 | 120.4 |
| 2020-12 | 114.8 | 116.1 |
| 2020-11 | 112.7 | 116.3 |
| 2020-10 | 110.0 | 113.5 |
| 2020-09 | 108.2 | 111.8 |
| 2020-08 | 104.5 | 108.0 |
| 2020-07 | 101.8 | 107.5 |
| 2020-06 | 103.6 | 110.8 |
| 2020-05 | 107.3 | 117.5 |
| 2020-04 | 101.5 | 110.4 |
| 2020-03 | 105.5 | 113.5 |
| 2020-02 | 108.0 | 119.6 |
| 2020-01 | 109.4 | 120.2 |
| 2019-12 | 109.6 | 120.2 |
| 2019-11 | 107.5 | 118.1 |
| 2019-10 | 102.7 | 112.9 |
| 2019-09 | 101.9 | 112.7 |
| 2019-08 | 104.0 | 113.9 |
| 2019-07 | 106.5 | 116.7 |
| 2019-06 | 108.5 | 118.0 |
| 2019-05 | 106.5 | 116.6 |
| 2019-04 | 108.5 | 118.8 |
| 2019-03 | 106.1 | 115.4 |
| 2019-02 | 107.9 | 117.0 |
| 2019-01 | 108.6 | 117.2 |
| 2018-12 | 106.9 | 115.5 |
| 2018-11 | 108.3 | 117.6 |
| 2018-10 | 109.5 | 118.4 |
| 2018-09 | 104.3 | 111.2 |
| 2018-08 | 106.7 | 114.5 |
| 2018-07 | 112.5 | 120.0 |
| 2018-06 | 117.0 | 124.9 |
| 2018-05 | 116.8 | 123.3 |
| 2018-04 | 115.0 | 117.9 |
| 2018-03 | 115.3 | 117.9 |
| 2018-02 | 112.3 | 114.6 |
| 2018-01 | 110.1 | 113.4 |
| 2017-12 | 109.2 | 114.7 |
| 2017-11 | 111.6 | 118.5 |
| 2017-10 | 111.8 | 119.1 |
| 2017-09 | 112.9 | 119.2 |
| 2017-08 | 117.7 | 125.2 |
| 2017-07 | 121.0 | 130.8 |
| 2017-06 | 120.0 | 131.8 |
| 2017-05 | 118.0 | 131.5 |
| 2017-04 | 115.9 | 132.5 |
| 2017-03 | 119.0 | 136.8 |
| 2017-02 | 119.6 | 138.7 |
| 2017-01 | 120.1 | 139.0 |
| 2016-12 | 115.9 | 134.7 |
| 2016-11 | 118.6 | 135.2 |
| 2016-10 | 115.9 | 130.5 |
| 2016-09 | 115.1 | 127.5 |
| 2016-08 | 115.8 | 127.9 |
| 2016-07 | 119.3 | 132.7 |
| 2016-06 | 118.4 | 130.6 |
| 2016-05 | 112.2 | 123.2 |
| 2016-04 | 110.1 | 120.7 |
| 2016-03 | 106.4 | 118.1 |
| 2016-02 | 104.6 | 116.0 |
| 2016-01 | 104.6 | 117.8 |
| 2015-12 | 104.9 | 118.2 |
| 2015-11 | 105.8 | 121.0 |
| 2015-10 | 107.2 | 118.6 |
| 2015-09 | 106.4 | 117.7 |
| 2015-08 | 108.4 | 120.8 |
| 2015-07 | 109.0 | 123.4 |
| 2015-06 | 108.1 | 121.1 |
| 2015-05 | 107.2 | 121.0 |
| 2015-04 | 108.0 | 125.1 |
| 2015-03 | 108.7 | 124.9 |
| 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 | 155.8 | -2.2 | 10.7 | 8.8 |
| Agricultural raw materials | 123.6 | -0.4 | 5.1 | -15.1 |
| Natural textile fibres | 111.7 | 0.9 | 5.9 | 0.9 |
| Natural rubber | 64.4 | 4.4 | 10.2 | -14.9 |
| Hides | 94.3 | 1.2 | -4.5 | -11.0 |
| Paper pulp | 120.0 | -3.1 | 8.5 | -19.6 |
| Tropical sawn wood | 97.7 | -0.2 | 1.2 | -4.5 |
| Sawn softwood | 222.6 | 1.2 | 6.3 | -15.3 |
| Minerals | 157.9 | -2.4 | 11.4 | 12.8 |
| Ferrous metals | 84.3 | -5.2 | -2.7 | -15.5 |
| Non-ferrous metals | 159.4 | -2.4 | 10.3 | 8.5 |
| Precious metals | 407.7 | -0.1 | 27.9 | 66.5 |
| Food total | 168.9 | -4.2 | -10.5 | -23.3 |
| Tropical foodstuffs | 189.1 | -19.4 | -33.8 | -51.8 |
| Oilseeds, vegetable oils | 150.5 | 2.0 | -1.4 | -4.0 |
| Cereals | 108.8 | -0.5 | 3.7 | -19.5 |
| Sugar | 71.7 | -4.5 | -4.9 | -37.8 |
| Meat | 201.4 | 1.4 | 0.4 | -3.1 |
| Seafood products | 127.4 | 0.8 | -1.1 | -13.9 |
| All commodities | 160.6 | -3.2 | -1.3 | -9.9 |
- Source: INSEE.
Revisions
For January 2026, the monthly variation in the euro price index for raw materials is revised downwards by 0.6 points standing at +1.4% instead of +2.0%. These revisions stem from the revision of the weights.The change in prices of industrial raw materials is revised upwards by 2.1 points, (standing at +9.3% instead of +7.2%), driven by rising prices of precious metals such as gold and silver; that in prices of agro-industrial raw materials is revised downwards by 1.9 points (to ‑4.7% instead of ‑2.8%), driven by falling prices for tropical commodities, particularly cocoa.
Moreover, the November 2025 hides index is revised following a correction by the IMF on the reference serie.
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 April 2026 at 12.00 pm.
Documentation
Methodology note (update March 2026) (pdf,318 Ko)
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 April 2026 at 12.00 pm.