Import and export prices in August 2011

September 16, 2011

Import prices declined 0.4 percent in August, led by a 1.8-percent decrease in fuel prices; in contrast, prices for exports rose 0.5 percent after declining 0.4 percent in July.

1-month percent change in the Import and Export Price Indexes, August 2010–August 2011
[Chart data]

Import prices for petroleum dropped 2.1 percent in August, which more than offset a 3.3-percent advance in the price index for natural gas. Petroleum and natural gas prices each increased over the past 12 months, rising 43.5 percent and 8.0 percent, respectively. Nonfuel prices advanced 0.2 percent for the second consecutive month and 5.3 percent for the year ended in August 2011.

Higher prices for agricultural and nonagricultural exports each contributed to the advance in export prices in August. Overall export prices increased 9.6 percent for the 12 months ended in August 2011.

These data are from the BLS International Price program. Import and export price data are subject to revision. For more information, see “U.S. Export and Import Price Indexes — August 2011” (HTML) (PDF), news release USDL-11-1325.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import and export prices in August 2011 on the Internet at http://www.bls.gov/opub/ted/2011/ted_20110916.htm (visited December 19, 2014).

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