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Import and export prices in November

December 13, 2012

Over the 12-month period from November 2011 to November 2012, the price index for overall imports fell 1.6 percent, in contrast to the previous 12-month period ended in November 2011, when import prices rose 10.1 percent.

12-month percent change in the Import and Export Price Indexes, November 2011–November 2012
MonthAll importsAll exports

Nov 2011

10.14.8

Dec 2011

8.53.6

Jan 2012

6.92.6

Feb 2012

5.11.8

Mar 2012

3.51.1

Apr 2012

0.80.7

May 2012

-0.8-0.2

Jun 2012

-2.5-2.1

Jul 2012

-3.3-1.3

Aug 2012

-1.8-0.9

Sep 2012

-0.6-0.6

Oct 2012

0.01.4

Nov 2012

-1.60.7

Import fuel prices decreased 7.0 percent for the year ended in November 2012, following a 32.4-percent rise from November 2010 to November 2011. Falling prices for both petroleum and natural gas over the past year contributed to the drop in overall import fuel prices.

The price index for overall exports rose 0.7 percent from November 2011 to November 2012. Prices for agricultural exports increased 10.0 percent during that period, while prices for nonagricultural exports decreased 0.4 percent. The advance in agricultural prices was driven by price increases in soybeans (30.2 percent), corn (14.5 percent), and wheat (19.8 percent).

These data are from the BLS International Price program. Import and export price data are subject to revision. To learn more, see "U.S. Import and Export Price Indexes — November 2012" (HTML) (PDF), news release USDL-12-2406.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import and export prices in November on the Internet at http://www.bls.gov/opub/ted/2012/ted_20121213.htm (visited October 21, 2014).

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