May 2021 U.S. Import and Export Price Indexes — 2021-06-16

Prices for U.S. imports increased 1.1 percent in May, after a 0.8-percent advance the previous month, the U.S. Bureau of Labor Statistics reported today. Higher prices for fuel and nonfuel imports contributed to both the May and April rises. U.S. export prices increased 2.2 percent in May following a 1.1-percent advance in April. ____________________________________________________________________________________________________________ Coronavirus (COVID-19) Pandemic Impact on May 2021 Import and Export Price Index Data U.S. import prices continued to trend up in May, rising 1.1 percent following increases of 0.8 percent in April, 1.5 percent in March, and 1.2 percent in February. Prices for U.S. imports have not recorded a decline since the index edged down 0.1 percent in October. The price index for U.S. imports advanced 11.3 percent for the year ended in May, the largest 12-month rise since a 12.7-percent increase from September 2010 to September 2011.