Fuel import prices up 13.2 percent, October 2016 to October 2017

November 21, 2017

U.S. import prices increased 2.5 percent for the year ended in October 2017. Over the year ending October 2016, import prices decreased 0.2 percent. Prices for fuel imports increased 13.2 percent over the recent 12-month period, compared with 3.1 percent over the earlier 12-month period.

12-month percent change in Import and Export Price Indexes, selected categories
Period All imports Fuel imports Nonfuel imports All exports Agricultural exports Nonagricultural exports

Oct 2015 to Oct 2016

-0.2 3.1 -0.3 -1.1 -2.7 -0.8

Oct 2016 to Oct 2017

2.5 13.2 1.4 2.7 3.5 2.5

The price index for nonfuel imports rose 1.4 percent over the past 12 months, the largest over-the-year increase since a 2.0-percent increase for the year ended March 2012.

The price index for exports increased 2.7 percent over the year ended October 2017. Agricultural export prices increased 3.5 percent over the past year. The price index for nonagricultural exports increased 2.5 percent.

These data are from the International Price program. Import and export price changes may be revised in each of the 3 months after original publication. For more information, see "U.S. Import and Export Price Indexes — October 2017" (HTML) (PDF). See more charts on import and export price trends in Charts related to the latest "U.S. Import and Export Price Indexes" news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Fuel import prices up 13.2 percent, October 2016 to October 2017 on the Internet at https://www.bls.gov/opub/ted/2017/fuel-import-prices-up-13-point-2-percent-october-2016-to-october-2017.htm (visited September 19, 2019).

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