October 2014 U.S. Import and Export Price Indexes — 2014-11-14

The price index for U.S. imports decreased 1.3 percent in October following a 0.6-percent decline in September, the U.S. Bureau of Labor Statistics reported today. The October drop was mostly led by falling fuel prices. U.S. export prices declined 1.0 percent in October, after falling 0.4 percent in September and 0.5 percent in August. All Imports: Import prices fell 1.3 percent in October, after decreasing 1.6 percent over the previous 3 months. The October decline was the largest monthly drop since a 2.3-percent decrease in June 2012. In October, the drop was led by lower fuel prices, although nonfuel prices fell as well. The price index for overall imports declined 1.8 percent over the past 12 months, the largest year-over-year drop since a 1.8- percent decrease in November 2013. Fuel Imports: The price index for import fuel declined 6.5 percent in October following decreases in each of the previous 3 months.