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Import prices up 0.4 percent for year ended May 2014

June 13, 2014

U.S. import prices rose 0.4 percent from May 2013 to May 2014. Import prices declined 1.8 percent from May 2012 to May 2013.

Chart Image
Chart Data

12-month percentage change in U.S. import prices by locality of origin, May 2005–May 2014
Month	All U.S. imports	Canada	Latin America	Mexico	European Union	Pacific Rim	China	Japan	Asian Newly Industrialized Countries
May 2005	5.9	6.9	12.0	7.6	5.4	-0.4	-0.8	0.4	-1.1
Jun 2005	7.4	6.5	16.3	8.7	5.2	-0.2	-0.9	0.7	-0.7
Jul 2005	8.2	8.5	16.3	8.9	5.4	-0.5	-1.3	0.8	-1.5
Aug 2005	8.2	7.9	17.2	9.4	4.4	-0.5	-1.1	0.4	-1.1
Sep 2005	9.9	12.1	16.7	9.3	5.2	-0.8	-1.2	0.5	-1.4
Oct 2005	8.2	15.2	12.8	5.1	4.3	-0.8	-0.8	0.2	-1.9
Nov 2005	6.4	11.6	11.2	4.5	3.1	-1.1	-0.6	-0.1	-2.3
Dec 2005	8.0	11.1	15.8	8.5	2.6	-1.3	-0.5	-0.7	-2.3
Jan 2006	8.7	11.8	16.6	10.5	3.1	-1.3	-0.8	-1.4	-1.7
Feb 2006	6.9	8.2	13.9	8.2	2.7	-1.4	-0.9	-1.5	-1.8
Mar 2006	4.5	4.4	9.7	4.9	3.4	-1.6	-0.9	-1.4	-2.3
Apr 2006	5.8	5.9	13.3	7.3	2.4	-1.7	-1.2	-1.5	-1.1
May 2006	8.6	9.9	15.9	8.3	4.2	-1.6	-1.3	-1.3	-0.9
Jun 2006	7.4	9.2	13.1	7.0	5.5	-1.4	-1.4	-1.1	-0.9
Jul 2006	7.0	7.7	13.8	8.8	5.2	-1.0	-1.0	-1.7	0.2
Aug 2006	6.0	7.4	10.4	10.1	3.9	-1.0	-1.0	-1.4	-0.2
Sep 2006	1.6	1.2	4.8	5.7	4.1	-0.8	-1.0	-1.5	-0.4
Oct 2006	-1.0	-6.8	1.7	4.5	3.6	-0.9	-1.4	-1.6	-0.1
Nov 2006	1.3	-2.8	4.6	6.3	4.4	-0.7	-1.3	-1.5	0.1
Dec 2006	2.5	-0.3	4.1	5.2	4.5	-0.3	-1.2	-1.2	0.7
Jan 2007	0.0	-2.1	-0.2	2.0	3.8	-0.7	-0.9	-0.6	-0.4
Feb 2007	1.2	0.8	1.3	4.2	3.6	-0.5	-0.9	-0.8	-0.1
Mar 2007	2.8	3.8	3.1	5.0	3.1	-0.4	-0.5	-0.7	-0.1
Apr 2007	2.1	3.4	1.0	4.2	3.6	-0.3	-0.3	-0.5	-0.8
May 2007	1.2	1.8	1.1	3.4	1.9	-0.2	0.1	-0.6	-1.0
Jun 2007	2.3	3.4	2.5	5.9	1.0	-0.1	0.7	-0.7	-0.8
Jul 2007	2.8	3.4	3.0	5.2	1.3	0.1	1.0	-0.7	-1.1
Aug 2007	1.9	1.9	3.7	3.5	2.4	0.2	1.3	-0.7	-1.0
Sep 2007	4.8	4.1	8.6	8.3	1.5	0.5	1.7	-0.5	-0.6
Oct 2007	9.1	10.2	14.2	12.2	2.3	1.0	2.2	-0.2	-0.7
Nov 2007	12.0	12.9	19.9	15.4	3.0	1.5	2.3	-0.2	0.7
Dec 2007	10.6	10.1	18.4	15.8	3.8	1.4	2.4	0.1	-0.2
Jan 2008	13.6	13.1	23.8	18.9	5.1	2.3	3.4	0.2	0.5
Feb 2008	13.5	14.3	22.4	15.9	5.6	2.3	3.4	0.9	0.5
Mar 2008	15.2	16.7	24.3	18.4	6.9	2.9	3.8	0.7	0.6
Apr 2008	16.9	21.0	26.7	18.5	8.7	3.6	4.2	1.1	2.5
May 2008	19.1	23.8	29.1	20.8	9.7	4.1	4.6	1.1	3.2
Jun 2008	21.3	26.8	32.5	22.3	10.1	4.2	4.8	1.2	2.9
Jul 2008	21.4	28.3	33.5	23.3	10.1	4.7	5.2	1.8	4.1
Aug 2008	18.1	24.8	27.1	19.7	9.5	4.5	5.0	1.8	5.9
Sep 2008	13.1	18.6	19.3	14.7	7.5	3.2	4.6	1.1	5.0
Oct 2008	4.9	9.2	4.2	4.7	5.8	2.9	4.3	1.5	4.4
Nov 2008	-5.9	-5.4	-11.3	-5.6	2.4	1.8	3.4	1.9	2.7
Dec 2008	-10.1	-8.8	-16.2	-5.7	0.2	0.9	2.8	1.9	0.3
Jan 2009	-12.5	-11.7	-19.2	-9.0	-1.8	-0.2	1.5	2.1	-2.5
Feb 2009	-12.7	-14.8	-19.8	-8.8	-2.7	-0.8	1.0	1.9	-3.3
Mar 2009	-14.9	-18.2	-23.0	-12.6	-4.7	-1.7	-0.2	1.8	-4.3
Apr 2009	-16.4	-22.8	-23.7	-12.2	-6.1	-2.6	-1.1	1.4	-6.2
May 2009	-17.3	-24.0	-23.9	-11.9	-6.9	-3.0	-1.8	1.4	-6.7
Jun 2009	-17.5	-24.6	-24.3	-13.7	-7.1	-3.0	-2.3	1.9	-5.9
Jul 2009	-19.1	-26.2	-27.8	-17.3	-7.3	-4.0	-3.2	1.6	-7.4
Aug 2009	-15.3	-23.1	-22.4	-13.7	-6.4	-3.7	-3.1	1.7	-8.5
Sep 2009	-12.0	-18.1	-18.3	-10.9	-4.6	-2.5	-3.1	2.4	-7.6
Oct 2009	-5.6	-11.1	-6.8	-2.9	-2.7	-2.5	-3.1	2.2	-7.2
Nov 2009	3.4	0.4	7.0	5.7	0.6	-1.8	-2.4	1.9	-6.7
Dec 2009	8.6	6.1	13.7	4.6	2.5	-0.5	-1.8	1.9	-3.0
Jan 2010	11.4	11.9	17.5	7.9	2.7	0.2	-1.7	1.8	0.6
Feb 2010	11.3	15.1	17.7	8.4	3.3	0.6	-1.3	1.5	1.0
Mar 2010	11.2	15.5	19.2	10.8	3.8	0.9	-0.8	1.9	1.9
Apr 2010	11.2	16.8	17.2	9.4	4.0	1.5	-0.1	2.2	2.7
May 2010	8.5	13.1	10.4	4.6	4.0	1.9	0.2	2.3	3.7
Jun 2010	4.3	8.0	5.3	2.6	2.7	1.5	0.0	1.8	2.8
Jul 2010	4.9	9.0	7.1	3.6	2.2	1.7	0.2	1.6	3.5
Aug 2010	3.8	8.2	4.9	2.0	2.6	1.3	-0.1	1.8	3.0
Sep 2010	3.6	6.7	4.7	1.6	2.4	1.5	0.0	1.9	2.9
Oct 2010	3.9	6.0	4.6	1.8	1.7	1.5	0.4	1.8	2.2
Nov 2010	4.1	5.9	4.4	1.7	1.7	1.5	0.7	2.1	2.0
Dec 2010	5.3	7.6	6.4	3.3	1.3	1.7	0.8	2.0	2.3
Jan 2011	5.6	5.0	6.4	3.0	2.1	2.0	1.5	2.6	2.1
Feb 2011	7.6	5.6	9.8	5.5	2.3	2.6	1.9	3.2	2.9
Mar 2011	10.3	8.4	14.2	8.5	3.5	3.4	2.6	3.1	4.6
Apr 2011	11.9	12.1	16.2	10.1	4.1	3.4	2.8	3.2	5.8
May 2011	12.9	14.8	17.3	10.3	5.1	3.1	2.8	3.2	5.3
Jun 2011	13.6	14.6	17.4	9.0	6.4	3.5	3.3	2.9	4.9
Jul 2011	13.7	13.9	17.5	9.7	7.3	3.5	3.5	2.8	3.8
Aug 2011	12.9	11.9	15.4	8.4	6.5	3.5	3.6	2.9	3.8
Sep 2011	12.7	10.8	15.6	8.6	6.3	3.3	3.9	2.7	3.6
Oct 2011	11.1	9.0	12.5	6.5	6.9	3.2	4.0	2.6	3.6
Nov 2011	10.1	7.3	12.5	6.7	6.0	3.3	4.0	2.4	3.8
Dec 2011	8.5	4.9	10.7	5.6	5.6	2.6	3.6	2.3	2.4
Jan 2012	6.9	3.1	9.1	5.2	3.6	2.4	3.5	1.9	1.7
Feb 2012	5.1	1.8	6.7	2.8	2.9	1.9	3.3	1.6	1.1
Mar 2012	3.5	-1.3	3.2	-0.1	2.6	1.2	2.6	1.3	-0.5
Apr 2012	0.8	-6.4	-0.8	-3.2	1.7	0.8	1.8	1.0	-1.6
May 2012	-0.8	-7.9	-1.4	-3.3	0.6	0.5	1.5	1.0	-2.3
Jun 2012	-2.5	-7.7	-4.5	-3.9	-0.7	-0.1	1.2	1.1	-1.7
Jul 2012	-3.3	-9.0	-4.9	-3.8	-1.5	-0.1	0.9	1.2	-1.2
Aug 2012	-1.8	-6.2	-1.9	-1.7	-1.5	-0.2	0.8	1.0	-1.2
Sep 2012	-0.6	-2.8	-0.8	-1.4	-1.6	-0.4	0.3	1.2	-0.9
Oct 2012	0.0	-1.0	-0.1	-0.9	-1.4	-0.2	-0.3	1.1	0.3
Nov 2012	-1.4	-1.7	-4.4	-3.5	-1.2	-0.5	-0.6	1.0	-0.8
Dec 2012	-2.0	-3.9	-4.1	-3.5	-1.8	-0.5	-0.6	0.7	-0.7
Jan 2013	-1.5	-3.2	-3.8	-3.8	0.6	-0.8	-0.9	0.5	-0.9
Feb 2013	-0.6	-2.5	-1.2	-1.0	1.3	-0.9	-1.1	-0.2	-0.8
Mar 2013	-2.1	-1.1	-3.6	-2.2	-0.4	-0.9	-1.2	-0.3	-0.6
Apr 2013	-2.7	0.9	-4.9	-3.0	-0.4	-1.0	-0.9	-1.1	0.2
May 2013	-1.8	2.2	-3.9	-1.9	-0.5	-1.2	-1.3	-1.6	0.7
Jun 2013	0.1	3.7	0.1	-0.1	0.1	-1.1	-1.1	-1.9	0.6
Jul 2013	0.9	5.3	0.8	0.3	0.8	-1.3	-1.2	-2.3	0.2
Aug 2013	0.0	4.9	-0.5	-0.5	0.6	-1.3	-1.2	-2.6	0.0
Sep 2013	-0.7	2.2	-1.5	-1.2	1.0	-1.2	-1.0	-2.9	-0.4
Oct 2013	-1.6	-0.9	-2.1	-2.0	0.8	-1.2	-0.9	-3.2	-0.7
Nov 2013	-1.8	-3.3	-1.6	-1.4	1.1	-1.0	-0.8	-3.2	0.9
Dec 2013	-1.1	-1.5	-1.4	-1.2	1.9	-1.1	-0.7	-3.4	-0.2
Jan 2014	-1.3	0.3	-2.3	-1.7	1.2	-1.1	-0.7	-3.6	-0.2
Feb 2014	-1.1	4.4	-3.8	-3.8	0.6	-1.1	-0.4	-3.2	-0.4
Mar 2014	-0.6	5.4	-3.0	-2.6	1.5	-1.1	-0.3	-2.8	-0.8
Apr 2014	-0.4	2.3	-1.4	-1.5	2.1	-1.1	-0.4	-2.2	-2.4
May 2014	0.4	0.9	-0.5	-1.7	2.7	-0.6	0.5	-1.9	-2.6
Note: Latin America consists of Mexico, Central America, South America, and the Caribbean. The Pacific Rim countries are China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines, and the Asian Newly Industrialized Countries. The Asian Newly Industrialized Countries are Hong Kong, Singapore, South Korea, and Taiwan.

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Import prices from China increased 0.5 percent over the year in May 2014, the first year-over-year advance since a 0.3-percent rise from September 2011 to September 2012.

The price index for imports from the European Union increased 2.7 percent from May 2013 to May 2014. Import prices from Canada rose 0.9 percent over the year.

In contrast, import prices fell over the year from all of Latin America and from Mexico. Import prices also fell over the year from the Pacific Rim countries, Japan, and the Asian Newly Industrialized Countries.

These data are from the BLS International Price program and are not seasonally adjusted. To learn more, see "U.S. Import and Export Price Indexes — May 2014" (HTML) (PDF), news release USDL‑14‑1077. All price indexes are routinely subject to revision for 3 months after the original publication to reflect the availability of late reports and corrections by respondents.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices up 0.4 percent for year ended May 2014 at https://www.bls.gov/opub/ted/2014/ted_20140613.htm (visited September 10, 2024).

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