Keeping you up to date on the latest data releases.
Import prices rose 0.9 percent (nonannualized) in October following a small 0.1 percent drop in September, and year-over-year growth was little changed, at 3.6 percent. Fuel prices led the overall increase in October, growing 3.0 percent over the month bolstered by petroleum products and crude.
Export prices grew for a third straight month in October, picking up pace from 0.6 percent in September to 0.8 percent growth in October. Export prices have generally ridden upward since March 2009’s cyclical bottom and have risen 5.8 percent since last October. All major components contributed to the overall increase over the month. Prices for foods, feeds, and beverages were up 2.2 percent, industrial supplies and materials increased 1.8 percent, and consumer goods grew 0.9 percent.