Import prices up 3.5 percent, February 2017 to February 2018

March 20, 2018

U.S. import prices increased 0.4 percent over the month from January 2018 to February 2018. Import prices increased 3.5 percent for the 12-month period ended in February 2018.

U.S. import price indexes, 1-month and 12-month percent change and relative importance, selected categories of goods, February 2018
Category 12-month percent change 1-month percent change Relative importance

All commodities

3.5 0.4 100.000

Foods, feeds, and beverages

3.5 1.1 6.125

Industrial supplies and materials

12.2 0.3 25.196

Capital goods

1.2 0.6 26.736

Automotive vehicles, parts and engines

0.7 0.2 15.886

Consumer goods, excluding automotives

0.2 0.5 26.057

Import prices for industrial supplies and materials, which accounted for 25 percent of the value of total imports, increased 0.3 percent in February, and 12.2 percent over the year ended in February. Within the industrial supplies and materials category, prices for imports of fuels and lubricants increased 17.4 percent over the 12 months ended in February.

Import prices for foods, feeds, and beverages rose 1.1 percent in February, and 3.5 percent over the year ended in February.

Prices for capital goods, which accounted for nearly 27 percent of total imports, were up 0.6 percent over the month, and 1.2 percent over the year.

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 — February 2018" (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, Import prices up 3.5 percent, February 2017 to February 2018 on the Internet at https://www.bls.gov/opub/ted/2018/import-prices-up-3-point-5-percent-february-2017-to-february-2018.htm (visited September 19, 2019).

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