Import and export prices in August 2013

September 13, 2013

Prices for U.S. imports were unchanged in August after a slight increase of 0.1 percent in July. Export prices fell 0.5 percent in August, following a 0.1-percent decrease in July.

1-month percent change in the Import and Export Price Indexes, August 2012–August 2013
MonthAll importsAll exports

Aug 2012

1.20.9

Sep 2012

1.00.8

Oct 2012

0.30.1

Nov 2012

-0.7-0.6

Dec 2012

-0.6-0.1

Jan 2013

0.50.4

Feb 2013

0.90.7

Mar 2013

-0.1-0.5

Apr 2013

-0.7-0.6

May 2013

-0.6-0.5

Jun 2013

-0.4-0.2

Jul 2013

0.1-0.1

Aug 2013

0.0-0.5

Import prices have recorded little change the past 2 months, after decreasing 1.8 percent over the previous 4 months. The recent decline contributed to a 0.4-percent drop in import prices for the year ended in August. The decrease from August 2012 to August 2013 was led by lower nonfuel prices, which more than offset higher fuel prices.

Prices for U.S. exports continued to trend down in August, decreasing 0.5 percent. The index for overall export prices has not recorded a monthly advance since a 0.7-percent increase in February. Lower prices for both agricultural and nonagricultural exports contributed to the August decline. Overall export prices fell 1.1 percent for the year ended in August, the largest 12-month drop since the index decreased 1.3 percent from July 2011 and July 2012.

These data are from the BLS International Price program. Import and export price data are subject to revision. To learn more, see "U.S. Import and Export Price Indexes — August 2013" (HTML) (PDF), news release USDL‑13‑1836.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import and export prices in August 2013 on the Internet at http://www.bls.gov/opub/ted/2013/ted_20130913.htm (visited November 20, 2014).

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