Import and export prices down in April 2013
May 15, 2013
U.S. import prices fell 0.5 percent in April, following a 0.2-percent decrease in March. Lower prices for both fuel and nonfuel imports contributed to the declines in each month. Prices for U.S. exports decreased 0.7 percent in April after a 0.5-percent decline in March.
|Month||Import percent change||Export percent change|
Import prices fell 2.6 percent over the past 12 months, the largest year-over-year decline since a 3.3-percent decrease between July 2011 and July 2012. A decline in fuel prices, led by a 9.5-percent drop in petroleum prices, more than offset an 83.8-percent rise in natural gas prices. The price index for nonfuel imports fell 0.7 percent over the past 12 months.
|Year||Import percent change||Export percent change|
The 12-month decrease in export prices was led by lower nonagricultural prices, which more than offset rising agricultural prices over the past year. Nonagricultural export prices fell 1.5 percent for the year ended in April, the largest year-over-year decline since a 1.5-percent decrease in September 2012; in contrast, agricultural prices rose 4.2 percent for the year ended in April.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import and export prices down in April 2013 on the Internet at http://www.bls.gov/opub/ted/2013/ted_20130515.htm (visited December 20, 2014).
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