September 20, 2010 (The Editor’s Desk is updated each business day.)
Import and export prices in August
The price index for overall imports rose 4.1 percent for the year ended in August, the smallest 12-month advance since a 3.4 percent rise for the November 2008-09 period. The price index for overall exports also increased 4.1 percent over the past 12 months.
[Chart data]
Prices for fuel imports rose 9.1 percent over the past 12 months; an 8.5-percent increase in petroleum prices and a 25.0-percent jump in natural gas prices each contributed to the overall advance. Nonfuel import prices advanced 2.9 percent over the past year.
Agricultural exports prices advanced 6.4 percent over the past year. Nonagricultural prices increased 3.9 percent for the year ended in August.
These data are from the BLS International Price program. See "U.S. Import and Export Price Indexes — August 2010" (HTML) (PDF), news release USDL-10-1279, to learn more. Import and export price data are subject to revision.
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