Bureau of Labor Statistics

U.S. import prices down over the year ended August 2014

September 16, 2014

Prices for U.S. imports fell 0.4 percent over the year ended in August, the first 12-month decline since a 0.4-percent decrease in April. Export prices advanced 0.4 percent over the past 12 months. 

A 5.3-percent drop in imported petroleum prices between August 2013 and August 2014 more than offset a 35.4-percent jump in natural gas prices. The price index for imported nonfuel imports rose 0.7 percent during that timeframe. 

Despite declines in June 2014 and August 2014, export prices advanced 0.4 percent over the past 12 months. Rising nonagricultural prices more than offset lower prices for agricultural exports.

These data are from the International Price program. Import and export price data are subject to revision. To learn more, see “U.S. Import and Export Price Indexes — August 2014” (HTML) (PDF), news release USDL-14-1675.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, U.S. import prices down over the year ended August 2014 at https://www.bls.gov/opub/ted/2014/ted_20140916.htm (visited January 16, 2022).

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