September 16, 2011 (The Editor’s Desk is updated each business day.)
Import and export prices in August 2011
Import prices declined 0.4 percent in August, led by a 1.8-percent decrease in fuel prices; in contrast, prices for exports rose 0.5 percent after declining 0.4 percent in July.
[Chart data]
Import prices for petroleum dropped 2.1 percent in August, which more than offset a 3.3-percent advance in the price index for natural gas. Petroleum and natural gas prices each increased over the past 12 months, rising 43.5 percent and 8.0 percent, respectively. Nonfuel prices advanced 0.2 percent for the second consecutive month and 5.3 percent for the year ended in August 2011.
Higher prices for agricultural and nonagricultural exports each contributed to the advance in export prices in August. Overall export prices increased 9.6 percent for the 12 months ended in August 2011.
These data are from the BLS International Price program. Import and export price data are subject to revision. For more information, see “U.S. Export and Import Price Indexes — August 2011” (HTML) (PDF), news release USDL-11-1325.
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