Import and export prices up in August 2012
September 13, 2012
U.S. import prices rose 0.7 percent in August after declining 0.7 percent the previous month. The August increase was the first advance in overall import prices since a 1.4-percent rise in March. Export prices also increased in August, rising 0.9 percent following a 0.4-advance in July.
Prices for imported fuel advanced 4.1 percent in August following declines in each of the four previous months. Higher prices for petroleum and natural gas, up 4.1 percent and 6.8 percent, respectively, each contributed to the August increase in fuel prices.
The price index for nonfuel imports continued a recent downward trend, falling 0.2 percent after declines of 0.4 percent in July, 0.3 percent in June, and 0.1 percent in May.
The August increase in overall export prices was the largest monthly rise since the index advanced 1.5 percent in March 2011. Agricultural prices rose 5.1 percent in August after a 6.3-percent increase in July. Both advances were led by higher prices for corn, soybeans, and wheat; in August, corn prices rose 11.1 percent, soybean prices 5.6 percent, and wheat prices 9.0 percent.
Prices for nonagricultural exports advanced 0.4 percent in August following a 0.3-percent decline the previous month.
These data are from the International Price program. Import and export prices are subject to revision. To learn more, see "U.S. Import and Export Price Indexes — August 2012" (HTML) (PDF), news release USDL-12-1832.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import and export prices up in August 2012 on the Internet at https://www.bls.gov/opub/ted/2012/ted_20120913.htm (visited July 20, 2019).
Recent editions of Spotlight on Statistics
- 25 years of Worker Injury, Illness, and Fatality Case Data
Examines detailed historical data on work-related injuries, illnesses, and fatal injuries.
- Occupational employment projections through the perspective of education and training
Examines employment, projected employment growth, and wages for occupations with different education and training requirements.
- Workers in Alternative Employment Arrangements
A look at independent contractors, on-call workers, temporary help agency workers, and workers provided by contract firms.
- Labor force characteristics of people with a disability
Examines the labor force characteristics of people with a disability and compares them with the characteristics of people with no disability.