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Import prices rise 0.4% in December led by higher fuel prices; export prices advance 0.3%
Import prices rise 0.4% in December led by higher fuel prices; export prices advance 0.3%Economic News Release USDL-17-0034
U.S. Import and Export Price Indexes
Transmission of material in this release is embargoed until 8:30 a.m. (EST) Thursday, January 12, 2017
Technical information: (202) 691-7101 * MXPinfo@bls.gov * www.bls.gov/mxp
Media contact: (202) 691-5902 * PressOffice@bls.gov
U.S. IMPORT AND EXPORT PRICE INDEXES - DECEMBER 2016
Prices for U.S. imports rose 0.4 percent in December, the U.S. Bureau of Labor Statistics reported today, after a 0.2-percent decline the previous month. The advance in December was primarily driven by higher fuel prices which more than offset lower nonfuel prices. U.S. export prices advanced in December, rising 0.3 percent following a 0.1-percent decrease in November.
Imports
All Imports: Import prices resumed an upward trend in December, rising 0.4 percent following a 0.2-percent decline in November. Prices for overall imports advanced 1.8 percent between December 2015 and December 2016, the largest 12-month increase since the index rose 3.5 percent in March 2012. The increase in 2016 was the first calendar-year advance since import prices rose 8.5 percent in 2011.
Fuel Imports: Prices for import fuel advanced 7.3 percent in December, the largest monthly increase since the index rose 10.5 percent in June. The December increase was primarily led by a 7.9-percent advance in petroleum prices. Natural gas prices also rose in December, increasing 2.2 percent. The price index for import fuel advanced 25.0 percent in 2016 following a 41.0-percent drop the previous year. The 2016 increase was the first year that fuel prices rose since a 24.9-percent rise in 2011, and the largest calendar-year advance since a 62.2-percent jump in 2009.
All Imports Excluding Fuel: The price index for nonfuel imports declined for the third consecutive month in December, falling 0.2 percent. The December drop matched a 0.2-percent decline in June and those were the largest drops since the index decreased 0.3 percent in December 2015. In December 2016, the decrease was led by lower prices for foods, feeds, and beverages as well as each of the finished goods areas. In contrast, nonfuel industrial supplies and materials prices rose. Nonfuel import prices edged down 0.1 percent in 2016 following a 3.4-percent drop the previous year.
....
Import and Export Price Index data for January 2017 are scheduled for release on Friday, February 10, 2017
at 8:30 a.m. (EST).
U.S. Import and Export Price Indexes
Transmission of material in this release is embargoed until 8:30 a.m. (EST) Thursday, January 12, 2017
Technical information: (202) 691-7101 * MXPinfo@bls.gov * www.bls.gov/mxp
Media contact: (202) 691-5902 * PressOffice@bls.gov
U.S. IMPORT AND EXPORT PRICE INDEXES - DECEMBER 2016
Prices for U.S. imports rose 0.4 percent in December, the U.S. Bureau of Labor Statistics reported today, after a 0.2-percent decline the previous month. The advance in December was primarily driven by higher fuel prices which more than offset lower nonfuel prices. U.S. export prices advanced in December, rising 0.3 percent following a 0.1-percent decrease in November.
Imports
All Imports: Import prices resumed an upward trend in December, rising 0.4 percent following a 0.2-percent decline in November. Prices for overall imports advanced 1.8 percent between December 2015 and December 2016, the largest 12-month increase since the index rose 3.5 percent in March 2012. The increase in 2016 was the first calendar-year advance since import prices rose 8.5 percent in 2011.
Fuel Imports: Prices for import fuel advanced 7.3 percent in December, the largest monthly increase since the index rose 10.5 percent in June. The December increase was primarily led by a 7.9-percent advance in petroleum prices. Natural gas prices also rose in December, increasing 2.2 percent. The price index for import fuel advanced 25.0 percent in 2016 following a 41.0-percent drop the previous year. The 2016 increase was the first year that fuel prices rose since a 24.9-percent rise in 2011, and the largest calendar-year advance since a 62.2-percent jump in 2009.
All Imports Excluding Fuel: The price index for nonfuel imports declined for the third consecutive month in December, falling 0.2 percent. The December drop matched a 0.2-percent decline in June and those were the largest drops since the index decreased 0.3 percent in December 2015. In December 2016, the decrease was led by lower prices for foods, feeds, and beverages as well as each of the finished goods areas. In contrast, nonfuel industrial supplies and materials prices rose. Nonfuel import prices edged down 0.1 percent in 2016 following a 3.4-percent drop the previous year.
....
Import and Export Price Index data for January 2017 are scheduled for release on Friday, February 10, 2017
at 8:30 a.m. (EST).
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Information from this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200, Federal Relay Services: 1-800-877-8339.