Fuel import prices and import and export air passenger fare price indexes in February 2015

March 16, 2015

U.S. import prices fell 9.4 percent from February 2014 to February 2015. This was the largest 12-month decrease since the index fell 12.0 percent between September 2008 and September 2009. Import fuel prices declined 43.0 percent over the past year, and nonfuel import prices fell 1.2 percent.

12-month percent change in selected import and export price indexes, February 2010–February 2015
Month All imports Fuel imports Nonfuel imports Import air passenger fares All exports Export air passenger fares

Feb 2010

11.3 72.0 1.9 0.4 3.4 5.1

Mar 2010

11.2 61.7 2.7 11.0 4.9 11.3

Apr 2010

11.2 54.4 3.2 17.3 5.5 19.2

May 2010

8.5 33.5 3.5 23.3 5.6 22.0

Jun 2010

4.3 10.7 2.9 19.0 3.7 27.6

Jul 2010

4.9 14.7 2.8 21.3 3.9 30.5

Aug 2010

3.8 8.4 2.7 19.0 4.1 21.2

Sep 2010

3.6 8.1 2.5 16.7 4.9 21.9

Oct 2010

3.9 9.5 2.5 14.9 5.8 21.2

Nov 2010

4.1 8.0 3.0 12.8 6.5 15.0

Dec 2010

5.3 14.2 3.0 11.6 6.5 8.3

Jan 2011

5.6 13.9 3.4 12.2 7.0 13.2

Feb 2011

7.6 21.1 3.8 13.6 8.7 4.1

Mar 2011

10.3 31.0 4.4 7.6 9.5 9.6

Apr 2011

11.9 37.3 4.6 4.5 9.2 8.1

May 2011

12.9 43.7 4.5 7.3 9.1 12.2

Jun 2011

13.6 46.1 5.0 5.0 10.1 5.8

Jul 2011

13.7 44.8 5.4 6.2 9.8 10.2

Aug 2011

12.9 40.3 5.4 7.4 9.4 18.1

Sep 2011

12.7 40.9 5.4 8.5 9.4 11.9

Oct 2011

11.1 34.3 4.8 5.5 6.3 11.9

Nov 2011

10.1 32.4 3.7 6.2 4.8 13.0

Dec 2011

8.5 24.9 3.4 5.7 3.6 13.1

Jan 2012

6.9 19.8 2.9 8.8 2.6 9.5

Feb 2012

5.1 13.4 2.4 11.8 1.8 15.6

Mar 2012

3.5 7.9 2.0 10.9 1.1 7.1

Apr 2012

0.8 -0.5 1.3 10.3 0.7 6.2

May 2012

-0.8 -5.5 0.9 5.1 -0.2 8.4

Jun 2012

-2.5 -11.5 0.6 8.6 -2.1 8.7

Jul 2012

-3.3 -13.4 0.0 5.2 -1.3 3.8

Aug 2012

-1.8 -6.1 -0.4 2.5 -0.9 -3.6

Sep 2012

-0.6 -1.5 -0.4 3.0 -0.6 -2.5

Oct 2012

0.0 -0.8 0.1 3.1 1.5 -0.7

Nov 2012

-1.4 -6.2 0.2 2.9 0.8 -0.7

Dec 2012

-2.0 -7.9 0.0 8.2 1.1 -2.5

Jan 2013

-1.5 -6.0 0.0 3.9 1.2 2.6

Feb 2013

-0.6 -2.5 0.1 2.3 1.5 -1.4

Mar 2013

-2.1 -6.6 -0.4 1.7 0.2 0.1

Apr 2013

-2.7 -8.1 -0.7 1.2 -0.8 -3.2

May 2013

-1.8 -4.3 -1.1 2.6 -0.8 -4.4

Jun 2013

0.1 3.8 -1.0 2.9 0.8 -3.4

Jul 2013

0.9 7.7 -1.0 2.1 0.3 -4.7

Aug 2013

0.0 4.1 -1.0 -0.5 -1.1 -3.6

Sep 2013

-0.7 1.2 -1.2 1.1 -1.6 -1.2

Oct 2013

-1.6 -2.2 -1.3 3.4 -2.2 -3.6

Nov 2013

-1.8 -4.1 -1.2 7.9 -1.5 -3.1

Dec 2013

-1.1 -1.2 -1.2 8.2 -1.0 3.2

Jan 2014

-1.3 -2.2 -1.1 5.1 -1.0 -1.6

Feb 2014

-1.1 -0.1 -1.2 6.7 -1.0 -6.3

Mar 2014

-0.5 1.0 -0.7 4.8 0.4 -3.6

Apr 2014

-0.4 0.8 -0.6 4.8 -0.1 1.9

May 2014

0.5 3.8 -0.2 5.0 0.6 -1.2

Jun 2014

1.2 6.2 0.0 1.4 0.2 0.4

Jul 2014

0.9 2.9 0.5 2.6 0.4 0.5

Aug 2014

-0.3 -3.5 0.7 6.7 0.4 3.9

Sep 2014

-1.4 -7.9 0.4 6.3 -0.4 1.8

Oct 2014

-2.1 -11.2 0.3 4.4 -0.7 1.6

Nov 2014

-3.1 -15.9(r) 0.0 1.9 -1.7 -1.8

Dec 2014

-5.5(r) -28.9(r) 0.0 2.7 -3.0(r) -2.0(r)

Jan 2015

-8.7(r) -43.3(r) -0.8(r) 2.3 -5.1(r) -4.0(r)

Feb 2015

-9.4 -43.0 -1.2 -0.6 -5.9 -5.9
Footnotes:

(r) revised.

The index for import air passenger fares decreased 0.6 percent from February 2014 to February 2015. This import index measures the change in airfare revenue received by foreign carriers from U.S. residents. The index for export air passenger fares decreased 5.9 percent over the same period. This export index measures the change in airfare revenue received by U.S. carriers from foreign residents.

Overall U.S. export prices fell over the past 12 months, declining 5.9 percent. This was the largest 12-month drop since the index decreased 6.2 percent in August 2009.

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 — February 2015” (HTML) (PDF). 

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Fuel import prices and import and export air passenger fare price indexes in February 2015 on the Internet at https://www.bls.gov/opub/ted/2015/fuel-import-prices-and-import-and-export-air-passenger-fare-price-indexes-in-february-2015.htm (visited July 25, 2017).

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