November 2017 U.S. Import and Export Price Indexes — 2017-12-14

U.S. import prices rose 0.7 percent in November, the U.S. Bureau of Labor Statistics reported today, after ticking up 0.1 percent in October. Higher prices for fuel drove the increase in November and nonfuel prices recorded no change. U.S. export prices increased 0.5 percent in November following a 0.1-percent advance the previous month. All Imports: Import prices advanced 0.7 percent in November following rises of 0.1 percent in October and 0.8 percent in September. Higher fuel prices were the main contributor to the overall advance in import prices for November. The import price index increased 3.1 percent over the past 12 months. U.S. import prices have not recorded an over-the-year decline since a 0.2-percent drop in October 2016. Fuel Imports: The import price index for fuels rose 7.6 percent in November, after a 0.2-percent increase in October. Rising prices for import petroleum and natural gas contributed to the increase.