U.S. import and export prices decline over the year ending in September 2014

October 14, 2014

The price index for imports fell 0.9 percent for the year ended in September, the largest 12-month decrease since the index fell 1.1 percent in February 2014.

12-month percent change in the U.S. Import and Export Price Indexes, September 2013–September 2014
Month All Imports All Exports

Sep 2013

-0.7 -1.6

Oct 2013

-1.6 -2.2

Nov 2013

-1.8 -1.5

Dec 2013

-1.1 -1.0

Jan 2014

-1.3 -1.0

Feb 2014

-1.1 -1.0

Mar 2014

-0.5 0.4

Apr 2014

-0.4 -0.1

May 2014

0.5 0.6

Jun 2014

1.2 0.2

Jul 2014

0.9 0.4

Aug 2014

-0.1 0.4

Sep 2014

-0.9 -0.2

Fuel prices decreased 5.8 percent over the past 12 months, the largest year-over-year decline since the index fell 8.1 percent between April 2012 and April 2013. A 6.6-percent drop in petroleum prices fueled the decline, which more than offset a 35.6-percent increase in natural gas prices.         

The price index for U.S. exports decreased 0.2 percent for the year ended in September 2014, the first 12-month decline since a 0.1-percent drop in April. Prices for agricultural exports fell 2.9 percent, led by lower prices for soybeans and corn. The price index for nonagricultural prices recorded no change.

The 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 — September 2014” (HTML) (PDF), news release USDL-14-1898.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, U.S. import and export prices decline over the year ending in September 2014 on the Internet at https://www.bls.gov/opub/ted/2014/ted_20141014.htm (visited July 19, 2018).

OF INTEREST
spotlight

Recent editions of Spotlight on Statistics