U.S. import prices decline for second consecutive month, November 2013
December 16, 2013
In November, U.S. import prices declined 0.6 percent for the second consecutive month. The decrease in each of the past 2 months was led by falling fuel prices. Export prices rose 0.1 percent following a 0.6‑percent decline in October. The increase was driven by higher nonagricultural prices that more than offset a decline in agricultural prices.
|Index||Nov 2012||Dec 2012||Jan 2013||Feb 2013||Mar 2013||Apr 2013||May 2013||Jun 2013||Jul 2013||Aug 2013||Sep 2013||Oct 2013||Nov 2013|
Import fuel prices declined 3.1 percent in November after declining 2.9 percent in October. The decline was the largest downturn since an 8.5‑percent drop in June 2012. A 3.5‑percent decrease in petroleum prices more than offset a 9.4‑percent advance in natural gas prices. The price index for nonfuel imports was unchanged after rising 0.1 percent in both October and September.
In November, the price index for agricultural exports decreased 0.2 percent following a 1.4‑percent decline the previous month. A 2.9‑percent drop in soybean prices and a 3.4-percent fall in wheat prices were the largest contributors to the decline. Nonagricultural export prices advanced 0.1 percent in November after a 0.6‑percent decline in October. Higher prices for capital goods and consumer goods drove the monthly increase.
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 — November 2013" (HTML) (PDF), news release USDL‑13‑2351.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, U.S. import prices decline for second consecutive month, November 2013 on the Internet at https://www.bls.gov/opub/ted/2013/ted_20131216.htm (visited May 28, 2017).
Recent editions of Spotlight on Statistics
STEM occupations: past, present, and future
A look at employment and wages in science, technology, engineering, and mathematics occupations.
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.