October 2010 U.S. Import and Export Price Indexes — 2010-11-10

U.S. import prices rose 0.9 percent in October, the U.S. Bureau of Labor Statistics reported today, after edging down 0.1 percent in September. Higher fuel and nonfuel prices contributed to the increase in October. Export prices advanced for the third consecutive month in October, rising 0.8 percent. All Imports: The price index for overall imports increased 0.9 percent in October, the largest monthly advance for the index since a 1.1 percent advance in April. The October rise was also only the second one- month upturn since the April increase. Despite the downward trend between May and September, import prices rose 3.6 percent over the past 12 months. Fuel Imports: A 3.0 percent advance in fuel prices in October accounted for approximately two thirds of the increase in overall import prices.