February 2011 U.S. Import and Export Price Indexes — 2011-03-15

Note: This release was reissued on March 16, 2011, to change incorrect text references to January on pages 3 and 4. U.S. import prices rose 1.4 percent in February, the U.S. Bureau of Labor Statistics reported today, following a similar 1.3 percent advance in January. The price index for U.S. exports increased 1.2 percent in February after rising 1.3 percent the previous month. Higher agricultural and nonagricultural export prices each contributed to the overall advance in February. All Imports: Prices for imports rose 1.4 percent in February, continuing a five-month trend of monthly increases greater than 1.0 percent. Import prices advanced 6.9 percent for the year ended in February, driven by a 7.0 percent jump for the index over the past five months. The year-over-year rise in February was the largest 12-month advance since an 8.5 percent increase for the year ended in May 2010.