December 2010 U.S. Import and Export Price Indexes — 2011-01-12

U.S. import prices rose 1.1 percent in December, the U.S. Bureau of Labor Statistics reported today, after increasing 1.5 percent in November and 1.1 percent in October. Import prices advanced 4.8 percent in 2010. The price index for U.S. exports increased 0.7 percent in December and 6.5 percent over the past year. All Imports: Import prices rose 1.1 percent in December, and higher prices for both fuel and nonfuel prices contributed to the overall advance. The price index for overall imports rose 3.7 percent in the fourth quarter of 2010, the largest three-month increase since import prices advanced a similar 3.7 percent between May and August 2009. Import prices rose for the second consecutive year in 2010, increasing 4.8 percent after an 8.6 percent advance in 2009. Fuel Imports: Fuel prices increased 4.1 percent following similar advances of 4.2 percent and 4.3 percent the two previous months.