Import and export prices, November 2009

December 15, 2009

The price index for U.S. imports advanced 3.7 percent for the year ended in November, the first time the index increased over a 12-month period since a 4.9 percent advance for the October 2007-2008 period. Prices for overall exports rose 0.6 percent over the past year, the first time the index increased over a 12-month period since a 4.0 percent advance for the October 2007-2008 period.

12-month percent change in the Import and Export Price Indexes, November 2008–November 2009
[Chart data]

Over the past 12 months, import fuel prices increased 27.0 percent. A 35.5 percent rise in petroleum prices more than offset declining natural gas prices, which fell 31.3 percent despite the advance in November. The index for nonfuel import prices declined 1.0 percent over the past 12 months as decreases from November 2008 to March 2009 more than offset the recent increases.

Over the past 12 months, the export price index for overall agricultural prices increased 0.6 percent, led by a 3.7 percent increase in agricultural prices in November. The 0.6 percent increase represented the first year-over-year increase since a 6.0 percent advance for the year ended in October 2008. The index for nonagricultural exports rose 0.6 percent over the past 12 months.

These data are from the BLS International Price program. Import and export price data are subject to revision. For more information, see "U.S. Import and Export Price Indexes — November 2009" (HTML) (PDF), news release USDL 09-1504.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import and export prices, November 2009 on the Internet at http://www.bls.gov/opub/ted/2009/ted_20091215.htm (visited December 18, 2014).

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