February 2016 U.S. Import and Export Price Indexes — 2016-03-11

U.S. import prices fell 0.3 percent in February following a 1.0-percent drop in January, the U.S. Bureau of Labor Statistics reported today. The February decrease was mostly led by declining fuel prices. The price index for U.S. exports decreased 0.4 percent in February, after falling 0.8 percent the previous month. All Imports: U.S. import prices fell 0.3 percent in February and have not recorded a monthly advance since the index ticked up 0.1 percent in June 2015. The February decrease followed declines of 1.0 percent in January and 1.2 percent in December. The price index for overall imports decreased 6.1 percent between February 2015 and February 2016. Despite the downward trend over the past 8 months, the 12-month drop recorded in February was the smallest over-the-year decline since the index fell 5.6 percent for the year ended in December 2014.