December 2020 U.S. Import and Export Price Indexes — 2021-01-14

U.S. import prices advanced 0.9 percent in December, the U.S. Bureau of Labor Statistics reported today, following a 0.2-percent increase the previous month. Higher fuel and nonfuel prices both contributed to the December rise in import prices. Prices for U.S. exports also rose in December, advancing 1.1 percent, after increasing 0.7 percent in November. ____________________________________________________________________________________________________________ Coronavirus (COVID-19) Pandemic Impact on December 2020 Import and Export Price Index Data The Bureau of Labor Statistics did not make changes to either the collection method or estimation methodology for the December release of U.S. Import and Export Price Indexes. Survey response rates for December were 5.3-percentage points lower than those in December 2019. A small number of indexes that are normally published were not published in December. Additional information is available at www.bls.gov/covid19/import-export-price-indexes-covid19-impacts-december-2020.htm. ____________________________________________________________________________________________________________ The price index for U.S. imports rose 0.9 percent in December, after advancing 0.2 percent from August to November.