Import air freight prices up 55.8 percent, passenger fares down 8.9 percent, over year ended August

Import air freight prices rose 55.8 percent from August 2019 to August 2020. Within the import air freight category, prices of European carriers increased 53.9 percent and prices at Asian carriers rose 68.8 percent over this 12-month period.

In contrast, prices for import air passenger fares declined 8.9 percent over the past 12 months.

Export air freight prices increased 3.3 percent over the past year (the largest 12-month increase since February 2019), while export air passenger fares decreased 5.8 percent for the year ended in August, despite increases in recent months.

These data are from the International Price program. To learn more, see "U.S. Import and Export Prices — August 2020." Also see more charts on import and export price trends. Import air transportation price data measure payments to foreign carriers by U.S. residents for international air transportation services. Export air transportation price data measure payments to U.S. carriers by foreign residents for international air transportation.