November 2011 U.S. Import and Export Price Indexes — 2011-12-14

Following declines in each of the previous three months, U.S. import prices rose 0.7 percent in November, the U.S. Bureau of Labor Statistics reported today; an upturn in fuel prices more than offset decreasing prices for nonfuel imports. Export prices ticked up 0.1 percent in November, after a 2.1 percent drop in October. All Imports: Import prices rose 0.7 percent in November following declines of 0.5 percent, 0.1 percent, and 0.4 percent the three previous months. The November advance is the largest monthly increase since a 2.6 percent rise in April. Overall import prices increased 9.9 percent for the year ended in November, due primarily to higher prices for the first half of the period. Fuel Imports: A 3.6 percent rise in import fuel prices drove the November increase in overall import prices. The November increase followed declines in five of the six previous months.