Keeping you up to date on the latest data releases.
- Import Prices
Import prices rose 0.7 percent (nonannualized) in March, following a 0.2 percent decline in February. The series’ 12-month growth rate remained relatively stable for the third straight month, at 11.4 percent. Since its recent low in January 2009, the index has been climbing at a fairly steady pace and now sits at nearly the same level as it did at the start of the recession. A 4.0 percent leap in petroleum prices drove the increase in import prices, as nonpetroleum import prices declined 0.2 percent. Despite the drop, year-over-year growth of nonpetroleum import prices climbed for the eighth month in a row, to 2.8 percent. Export prices rose 0.7 percent for the third time in four months, led by a 1.5 percent increase in industrial supplies and materials. The 12-month growth rate of export prices jumped to 4.6 percent after slipping to 3.2 percent in February.