Keeping you up to date on the latest data releases.
- Import Prices
Import prices fell 0.3 percent (nonannualized) in February, following a 1.3 percent rise in January, pulling the 12-month growth rate down slightly to 11.2 percent. The series’ first decline in seven months is mainly due to a 2.2 percent drop in petroleum prices, though a 0.8 percent decline in industrial supplies and materials prices also contributed to the drop. Nonpetroleum import prices inched up 0.2 percent, and are up 2.1 percent on a year-over-year basis. Export prices declined 0.5 percent in January, as agricultural commodities prices fell 3.8 percent to their lowest level since April. The 12-month growth rate of export prices slipped from 3.3 percent to 3.1 percent.