January 2021 U.S. Import and Export Price Indexes — 2021-02-18

Prices for U.S. imports increased 1.4 percent in January, after rising 1.0 percent in December, the U.S. Bureau of Labor Statistics reported today. The January advance was the largest 1-month rise since the index increased 1.4 percent in March 2012. U.S. export prices increased 2.5 percent in January following advances of 1.3 percent and 0.7 percent the 2 previous months. The January increase was the largest advance since the index was first published on a monthly basis in December 1988. ____________________________________________________________________________________________________________ Coronavirus (COVID-19) Pandemic Impact on January 2021 Import and Export Price Index Data The price index for U.S. imports rose 1.4 percent in January following a 1.0-percent increase the previous month. Higher fuel and nonfuel prices both contributed to the advances in January and December. U.S.