November 2010 U.S. Import and Export Price Indexes — 2010-12-10

U.S. import prices increased 1.3 percent in November, the U.S. Bureau of Labor Statistics reported today, following a 1.0 percent advance the previous month. Rising prices for fuel and nonfuel imports contributed to both the November and October increases. Prices for U.S. exports also rose in November, increasing 1.5 percent after advancing 0.8 percent in October. All Imports: Import prices advanced 1.3 percent in November following a 1.0 percent increase in October. The November rise was the largest monthly advance since a 1.5 percent increase in November 2009 and marked the first time since May and June 2009 that import prices rose by at least 1.0 percent in consecutive months. The price index for overall imports increased 3.7 percent over the past 12 months, similar to the year-over-year increases recorded in each of the three previous months. Fuel Imports: Fuel prices rose 3.7 percent in November after advancing 3.8 percent the previous month.