Import and export prices in February 2012
March 15, 2012
U.S. import prices increased 0.4 percent in February as higher fuel prices more than offset declining nonfuel prices. The price index for imports was unchanged in the two previous months. U.S. export prices also rose 0.4 percent in February after a 0.2-percent advance in January.
Prices for overall imports increased 5.5 percent over the past 12 months, the smallest year-over-year rise since the index advanced 5.3 percent between December 2009 and December 2010.
Click legend items to change data display.
Click legend items to change data display. [Chart data]
Fuel prices advanced 15.2 percent for the year ended in February. Both the monthly and 12-month rise in fuel prices were driven by higher petroleum prices, which advanced 1.8 percent in February and 18.4 percent over the past 12 months. The price index for nonfuel imports rose 2.3 percent for the year ended in February.
The 0.4-percent advance in export prices in February marked the largest monthly increase since a 0.5-percent rise in September. Higher nonagricultural prices more than offset a decline in the price index for agricultural exports. Despite recording the largest monthly increase in five months, overall export prices rose only 1.5 percent over the past 12 months, the smallest year-over-year advance since a 0.4-percent rise for the November 2008-09 period.
Agricultural prices decreased 6.2 percent over the past year. The price index for nonagricultural exports advanced 2.6 percent over the past 12 months.
These data are from the International Price program. Import and export price data are subject to revision. For more information, see "U.S. Import and Export Price Indexes — February 2012" (HTML) (PDF), news release USDL-12-0449.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import and export prices in February 2012 on the Internet at http://www.bls.gov/opub/ted/2012/ted_20120315.htm (visited July 01, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.