January 2015 U.S. Import and Export Price Indexes — 2015-02-13

U.S. import prices fell 2.8 percent in January, after declining 1.9 percent in December and 1.8 percent in November, the U.S. Bureau of Labor Statistics reported today. Decreasing fuel prices drove each of the monthly drops. The price index for U.S. exports decreased 2.0 percent in January, and has not recorded a monthly advance since July. All Imports: The price index for U.S. imports declined 2.8 percent in January. The index has not recorded a monthly advance since June 2014, and the January drop was the largest 1-month decrease since the index fell 4.6 percent in December 2008. U.S. import prices decreased 8.0 percent between January 2014 and January 2015, the largest 12-month decline since the index fell 12.0 percent in September 2009. Fuel Imports: Fuel prices fell 16.9 percent in January following declines of 11.3-percent in December and 9.2-percent in October.