U.S. import prices down over the year ended August 2014

September 16, 2014

Prices for U.S. imports fell 0.4 percent over the year ended in August, the first 12-month decline since a 0.4-percent decrease in April. Export prices advanced 0.4 percent over the past 12 months. 

12-month percent change in the U.S. Import and Export Price Indexes, August 2013–August 2014
Month All Imports All Exports

Aug 2013

0.0 -1.1

Sep 2013

-0.7 -1.6

Oct 2013

-1.6 -2.2

Nov 2013

-1.8 -1.5

Dec 2013

-1.1 -1.0

Jan 2014

-1.3 -1.0

Feb 2014

-1.1 -1.0

Mar 2014

-0.5 0.4

Apr 2014

-0.4 -0.1

May 2014

0.5 0.6

Jun 2014

1.2 0.2

Jul 2014

0.8 0.4

Aug 2014

-0.4 0.4

A 5.3-percent drop in imported petroleum prices between August 2013 and August 2014 more than offset a 35.4-percent jump in natural gas prices. The price index for imported nonfuel imports rose 0.7 percent during that timeframe. 

Despite declines in June 2014 and August 2014, export prices advanced 0.4 percent over the past 12 months. Rising nonagricultural prices more than offset lower prices for agricultural exports.

These data are from the International Price program. Import and export price data are subject to revision. To learn more, see “U.S. Import and Export Price Indexes — August 2014” (HTML) (PDF), news release USDL-14-1675.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, U.S. import prices down over the year ended August 2014 on the Internet at https://www.bls.gov/opub/ted/2014/ted_20140916.htm (visited September 18, 2019).

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