Informations Rapides ·
25 June 2026 · n° 160
In May 2026, oil price accelerated Prices of energy and imported raw materials - May 2026
In May 2026, the price of oil in euros accelerated (+2.9% month on month after +1.7% in April), still under the influence of the Middle-East war. That of gas bounced back slightly (+1.2% after ‑14.9%). Prices in euros of imported raw materials (excluding energy) accelerated over one month (+1.5% after +0.4%) and increased over one year (+4.4%). Prices in euros of industrial raw materials also accelerated over one month (+1.4% after +0.7%) and increased sharply over one year (+28.0%). Prices of strategic raw materials were generally trending upwards over the month and rose sharply over one year. Finally, prices in euros of food commodities accelerated over one a month (+1.7% after +0.1%) but kept sharply down over the year (‑12.2%).
In May 2026, the price of oil in euros accelerated (+2.9% month on month after +1.7% in April), still under the influence of the Middle-East war. That of gas bounced back slightly (+1.2% after ‑14.9%). Prices in euros of imported raw materials (excluding energy) accelerated over one month (+1.5% after +0.4%) and increased over one year (+4.4%). Prices in euros of industrial raw materials also accelerated over one month (+1.4% after +0.7%) and increased sharply over one year (+28.0%). Prices of strategic raw materials were generally trending upwards over the month and rose sharply over one year. Finally, prices in euros of food commodities accelerated over one a month (+1.7% after +0.1%) but kept sharply down over the year (‑12.2%).
tableauImported raw materials (excluding energy)
| Price index in foreign currencies | Price index in euros | |
|---|---|---|
| 2026-05 | 157.3 | 168.8 |
| 2026-04 | 155.1 | 166.2 |
| 2026-03 | 153.0 | 165.6 |
| 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
In May 2026, the price in dollars of North Sea crude oil (Brent) increased again (+3.2% after +3.4% in April), averaging $105.6 per barrel. It accelerated in euros (+2.9% after +1.7%). Over the year, the price per barrel skyrocketed in dollars (+64.0%) as well as in euros (+56.6%), although less markedly due to the appreciation of the euro against the dollar over the period.
The price of natural gas on the European market (TTF) slightly bounced back month on month (+1.2% after ‑14.9%), averaging €45.5/Mwh and it remained strongly upwards over one year (+29.1%). Lastly, the price of uranium in euros continued to decrease over one month (‑0.2% after ‑0.4%) but increased clearly year on year (+16.5%).
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 | |
|---|---|---|---|---|
| 2026-05 | 105.6 | 89.6 | 45.5 | 73.3 |
| 2026-04 | 102.3 | 87.1 | 45.0 | 73.4 |
| 2026-03 | 98.9 | 85.6 | 52.9 | 73.7 |
| 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 | 105.6 | 3.2 | 52.1 | 64.0 |
| Brent in € per barrel | 89.6 | 2.9 | 52.6 | 56.7 |
| Natural gas (TTF) in €/MWh | 45.5 | 1.2 | 40.4 | 29.1 |
| Uranium in €/pound | 73.3 | -0.2 | -1.9 | 16.5 |
- Source: INSEE.
Prices in euros of industrial raw materials accelerated
In May 2026, prices in euros of industrial raw materials accelerated over the month (+1.4% after +0.7% in April). Over one year, they were strongly upwards (+28.0%).
Prices of mineral materials accelerated (+1.5% after +0.9%). Prices of non-ferrous metals slowed down (+1.6% after +3.9%) while those of ferrous metals accelerated (+3.1% after +0.2%). On the contrary, prices of precious metals were nearly stable (‑0.1% after ‑4.1%). Year on year, mineral material prices increased sharply (+32.4%), particularly driven by those of precious metal (+53.4%), of non-ferrous metal (+35.0%) and, to a lesser extent, by those of ferrous metals (+10.3%).
Prices of agro-industrial raw materials bounced back over a month (+0.7% after ‑1.2%). Prices of natural textile fibres increased again markedly (+5.6% after +7.3%), as well as those of rubber (+6.1% after +3.9%). Prices of tropical sawn wood were back on the rise (+1.0% after ‑0.5%), as well as, to a lesser extent, those of hides (+0.3% after ‑0.1%). Conversely, prices of sawn softwood decreased again (‑0.9% after ‑1.9%) and those of paper pulp were nearly stable (‑0.1% after ‑3.8%). Year on year, prices of agro-industrial raw materials were stable, but it masked significant disparities: prices of natural textile fibres increased sharply (+29.4%), as well as those of rubber (+23.8%), but were offset by the decreases in prices of paper pulp (‑4.4%), hides (‑4.0%), sawn softwood (‑3.4%) and tropical sawn wood (‑2.1%) which represent a larger part of the index.
tableauIndustrial raw materials
| Price index in foreign currencies | Price index in euros | |
|---|---|---|
| 2026-05 | 145.5 | 164.7 |
| 2026-04 | 143.5 | 162.4 |
| 2026-03 | 140.8 | 161.3 |
| 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.
Prices in euros of strategic raw materials were generally trending upwards over the month and were overall trending strongly upwards over one year
In May 2026, price of lithium accelerated (+9.2% after +1.6% in April), as well as those of nickel (+5.6% after +4.0%) and copper (+3.2% after +1.8%). Price of chromium slowed down (+1.9% after +4.3%). Price of silver bounced back (+2.7% after ‑4.7%), as did that of molybdenum (+1.8% after ‑1.2%). On the contrary, price of palladium decreased again (‑1.5% after ‑2.2%), as well as those of platinum (‑0.5% after ‑2.4%) and cobalt (‑0.5% after ‑1.2%). Meanwhile year on year, prices of strategic raw materials were overall trending strongly upwards.
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) | 6,647.4 | 2.7 | -4.8 | 129.0 |
| Chromium (€/tonne) | 9,701.1 | 1.9 | 10.3 | 5.2 |
| Cobalt (€/tonne) | 47,572.7 | -0.5 | 0.6 | 60.9 |
| Copper (€/tonne) | 11,364.8 | 3.2 | 3.6 | 34.1 |
| Lithium (€/tonne) | 149,168.3 | 9.2 | 18.2 | 104.6 |
| Molybdenum (€/tonne) | 56,113.8 | 1.8 | 3.7 | 43.9 |
| Nickel (€/tonne) | 16,234.4 | 5.6 | 12.1 | 19.4 |
| Palladium (€/ounce) | 1,283.6 | -1.5 | -12.6 | 48.4 |
| Platinum (€/ounce) | 1,732.1 | -0.5 | -5.1 | 90.5 |
- 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 accelerated
In May 2026, prices in euros of food commodities accelerated (+1.7% after +0.1% in April).
Prices of tropical commodities bounced back clearly (+7.5% after ‑1.6%), particularly cocoa prices, as well as those of sugar (+6.3% after ‑6.6%). Prices of oilseeds accelerated (+2.7% after +0.2%), as did those of cereals (+6.9% after +2.5%). On the contrary, prices of seafood products fell back (‑3.1% after +0.7%) and so did those of meat (‑0.7% after +1.1%). Year on year, prices of food commodities decreased markedly (‑12.2%), notably driven by the sharp drop in prices of tropical commodities (‑42.3%), of sugar (‑17.8%) and, to a lesser extent, of seafood products (‑7.8%). Conversely, oilseeds prices increased over one year (+13.9%), as well as those of meat (+4.9%) and to a lesser extent, those of cereals (+0.5%).
tableauFood raw materials
| Price index in foreign currencies | Price index in euros | |
|---|---|---|
| 2026-05 | 171.8 | 176.4 |
| 2026-04 | 169.6 | 173.6 |
| 2026-03 | 168.1 | 173.3 |
| 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 | 164.7 | 1.4 | 5.7 | 28.0 |
| Agricultural raw materials | 125.5 | 0.7 | 1.5 | 0.0 |
| Natural textile fibres | 133.8 | 5.6 | 19.8 | 29.4 |
| Natural rubber | 73.6 | 6.1 | 14.4 | 23.8 |
| Hides | 94.4 | 0.3 | 0.1 | -4.0 |
| Paper pulp | 117.4 | -0.1 | -2.2 | -4.4 |
| Tropical sawn wood | 98.6 | 1.0 | 0.9 | -2.1 |
| Sawn softwood | 221.7 | -0.9 | -0.4 | -3.4 |
| Minerals | 167.8 | 1.5 | 6.2 | 32.4 |
| Ferrous metals | 93.7 | 3.1 | 11.1 | 10.3 |
| Non-ferrous metals | 176.9 | 1.6 | 11.0 | 35.0 |
| Precious metals | 383.6 | -0.1 | -5.9 | 53.4 |
| Food total | 176.4 | 1.7 | 4.5 | -12.2 |
| Tropical foodstuffs | 198.2 | 7.5 | 4.8 | -42.3 |
| Oilseeds, vegetable oils | 161.4 | 2.7 | 7.4 | 13.9 |
| Cereals | 119.5 | 6.9 | 9.9 | 0.5 |
| Sugar | 75.9 | 6.3 | 5.9 | -17.8 |
| Meat | 210.4 | -0.7 | 4.5 | 4.9 |
| Seafood products | 127.4 | -3.1 | 0.0 | -7.8 |
| All commodities | 168.8 | 1.5 | 5.1 | 4.4 |
- 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.
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: 28 July 2026 at 12.00 pm.
Documentation
Methodology note (last update : May 2026) (pdf,315 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: 28 July 2026 at 12.00 pm.