U.S. import and export prices down over the year

December 15, 2014

U.S. import prices fell 2.3 percent over the year ended in November. Export prices declined 1.9 percent over the same period.
12-month percent change in the U.S. Import and Export Price Indexes, November 2013–November 2014
Month All imports All exports

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

0.9 0.4

Aug 2014

-0.3 0.4

Sep 2014

-1.1 -0.5

Oct 2014

-1.7 -0.8

Nov 2014

-2.3 -1.9

The 2.3-percent decline in import prices is the largest year-over-year decline since a 2.7-percent drop from April 2012 to April 2013. The 1.9-percent decline in export prices is the largest 12-month drop since a 2.2-percent decline from October 2012 to October 2013.

Fuel import prices fell 11.5 percent for the year ended November, the largest 12-month drop since July 2012. Nonfuel import prices did not change from November 2013 to November 2014.

Agriculture export prices fell 3.8 percent over the past 12 months. Prices for soybeans, corn, and wheat were all down over the year. Nonagricultural export prices decreased 1.7 percent from November 2013 to November 2014.

These data are from the International Price program. Import and export prices are subject to revision. To learn more, see “U.S. Import and Export Prices — October 2014” (HTML) (PDF).

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, U.S. import and export prices down over the year on the Internet at https://www.bls.gov/opub/ted/2014/ted_20141215.htm (visited September 18, 2019).

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