December 2013 U.S. Import and Export Price Indexes — 2014-01-14

U.S. import prices recorded no change in December, the U.S. Bureau of Labor Statistics reported today, following declines of 0.9 percent in November and 0.6 percent in October. In December, higher fuel prices offset declining nonfuel prices. U.S. export prices advanced 0.4 percent in December, after edging up 0.1 percent the previous month. All Imports: Import prices were unchanged in December, after falling 1.6 percent over the previous 2 months. Decreasing fuel prices drove the overall declines in import prices in November and October. The price index for U.S. imports decreased 1.3 percent in 2013 following a 2.0 percent decline in 2012. Falling fuel and nonfuel prices contributed to the 2013 decline in overall import prices. Fuel Imports: The price index for import fuel increased 0.4 percent in December, after declining 4.3 percent in November and 3.3 percent in October.