September 2017 U.S. Import and Export Price Indexes — 2017-10-17

U.S. import prices increased 0.7 percent in September, the U.S. Bureau of Labor Statistics reported today, after advancing 0.6 percent in August. The price index for U.S. exports rose 0.8 percent in September, after increasing 0.7 percent the previous month. All Imports: Import prices rose 0.7 percent in September, the largest monthly rise since an increase of 0.7 percent in June 2016. The last time import prices advanced by more than 0.7 percent was a 1.2-percent increase in May 2016. Higher prices for both fuel and nonfuel imports contributed to the overall rise in import prices for September. Prices for U.S. imports also increased on a 12-month basis, advancing 2.7 percent. Fuel Imports: Fuel prices increased 3.9 percent in September, after rising 4.4 percent in August. The monthly movements were the first advances since the index rose 0.3 percent in February, and the August rise was the largest advance since the index increased 6.1 percent in January.