November 2016 U.S. Import and Export Price Indexes — 2016-12-13

U.S. import prices fell 0.3 percent in November, the U.S. Bureau of Labor Statistics reported today, following increases of 0.4 percent and 0.1 percent the 2 previous months. The drop in November was primarily led by decreasing fuel prices. U.S. export prices also declined in November, edging down 0.1 percent, after a 0.2-percent increase the previous month. All Imports: The price index for U.S. imports declined 0.3 percent in November, the largest monthly decrease since the index fell 0.5 percent in February. Prior to November, import prices had trended up since February, with the only decline coming in August when the index fell 0.2 percent. Despite rising throughout much of 2016, import prices remained down on a 12-month basis, declining 0.1 percent between November 2015 and November 2016. The last over-the-year advance in import prices was a 0.9-percent increase in July 2014.