November 2013 U.S. Import and Export Price Indexes — 2013-12-12

U.S. import prices declined 0.6 percent for the second consecutive month in November, the U.S. Bureau of Labor Statistics reported today, after rising the previous 3 months. The decrease in each of the past 2 months was led by falling fuel prices. U.S. export prices rose 0.1 percent in November following a 0.6 percent decline in October. All Imports: Import prices fell 0.6 percent in November following a 0.6 percent decrease in October. Those were the first monthly declines for the index since a 0.4 percent drop in June. The price index for U.S. imports decreased 1.5 percent over the past 12 months, the third consecutive month of declining year-over- year changes. Fuel Imports: Fuel prices declined 3.1 percent in November after recording a 2.9 percent decrease in October. The November decline was the largest downturn since an 8.5 percent drop in June 2012.