August 2010 U.S. Import and Export Price Indexes — 2010-09-15

U.S. import prices increased 0.6 percent in August, the U.S. Bureau of Labor Statistics reported today, after rising 0.1 percent the previous month. Higher fuel and nonfuel prices contributed to the overall advance. Export prices rose 0.8 percent in August after declining 0.2 percent in July and 0.7 percent in June. All Imports: Import prices increased for the second consecutive month in August, rising 0.6 percent following a comparatively modest 0.1 percent advance in July. The price index for overall imports rose 4.1 percent for the year ended in August, the smallest 12-month advance since a 3.4 percent rise for the November 2008-09 period. Fuel Imports: Approximately 58 percent of the overall increase in import prices in August was attributable to a 1.7 percent advance in fuel prices.