Import prices up 6.9 percent, export prices up 9.1 percent for year ending March 2021

U.S. import prices increased 6.9 percent from March 2020 to March 2021, the largest over-the-year rise since January 2012.

Import fuel prices rose 54.3 percent for the year ended in March 2021, the largest 12-month rise since February 2017.

Nonfuel import prices rose 3.8 percent from March 2020 to March 2021, the largest 12-month increase since October 2011.

U.S. export prices rose 9.1 percent from March 2020 to March 2021, the largest over-the-year increase since September 2011.

Agricultural export prices advanced 20.5 percent over the past 12 months, the largest over-the-year rise since September 2011. The 12-month increase was primarily driven by rising prices for soybeans, corn, meat, and fruit.

Nonagricultural export prices increased 7.9 percent over the past 12 months, the largest over-the-year advance since September 2011.

These data are from the International Price program. Import prices are subject to revision. To learn more, see “U.S. Import and Export Prices — March 2021.” See more charts on import and export price trends in Charts related to the latest “U.S. Import and Export Price Indexes” news release.