Import and export prices, January 2011

February 17, 2011

Over the 12-month period from January 2010 to January 2011, import prices increased 5.3 percent, the largest 12-month advance for the index since an 8.5-percent rise in May 2010.

12-month percent change in the Import and Export Price Indexes, January 2010–January 2011
[Chart data]

Higher fuel and nonfuel prices both contributed to the 12-month advance in overall imports between January 2010 and January 2011. Fuel prices advanced 12.4 percent over the year, led by a 14.3-percent increase in petroleum prices. Natural gas prices fell 18.8 percent over the year, despite a 13.0-percent over-the-month advance in January.

Overall export prices rose 6.8 percent over the past year. The 12-month increase in January was the largest year-over-year advance since a 7.0-percent increase between September 2007 and September 2008.

The price index for agricultural exports increased 22.6 percent for the year ending in January 2011. Nonagricultural prices rose 5.3 percent over that 12-month period, led mostly by a 13.9-percent advance in the price index for nonagricultural industrial supplies and materials.

These data are from the BLS International Price program. Import and export price data are subject to revision. To learn more, see "U.S. Import and Export Price Indexes — January 2011" (HTML) (PDF), news release USDL-11-0201.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import and export prices, January 2011 on the Internet at http://www.bls.gov/opub/ted/2011/ted_20110217.htm (visited October 24, 2014).

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