Industrial supplies and materials import prices up 8.1 percent over the year, August 2017

September 22, 2017

Prices for U.S. imports increased 2.1 percent over the 12 months ending August 2017. Prices for U.S. exports increased 2.3 percent over the past 12 months. Import prices for industrial supplies and materials increased 8.1 percent, while export prices increased 6.1 percent.

 

12-month percentage change, U.S. import price indexes and U.S. export price indexes, selected categories of goods, August 2017
Category Imports Exports
Import price indexes Relative importance Export price indexes Relative importance

All commodities

2.1% 100.000% 2.3% 100.000%

Foods, feeds, & beverages

1.4 6.258 2.4 8.813

Industrial supplies & materials

8.1 22.283 6.1 29.638

Capital goods

0.3 27.641 1.1 38.342

Automotive vehicles, parts & engines

0.1 16.320 0.7 10.340

Consumer goods, excluding automotives

0.4 27.498 -1.1 12.867

Within the industrial supplies and materials category, import prices for fuels and lubricants were up 15.0 percent over the year and export prices of fuels and lubricants increased 21.6 percent.

Import prices of foods, feeds and beverages increased 1.4 percent, and export prices increased 2.4 percent.

Capital goods and consumer goods, excluding automobiles, which account for 28.0 percent and 27.0 percent of all commodity imports, are the largest categories of U.S. imports. The largest U.S. export category is capital goods, which accounts for 38 percent of U.S. exports, followed by industrial supplies and materials, which makes up 30.0 percent.

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 — August 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, Industrial supplies and materials import prices up 8.1 percent over the year, August 2017 on the Internet at https://www.bls.gov/opub/ted/2017/industrial-supplies-and-materials-import-prices-up-8-point-1-percent-over-the-year-august-2017.htm (visited September 18, 2019).

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