Keeping you up to date on the latest data releases.
Import prices were unchanged in December after falling −0.9 percent on a monthly basis in November. Nonpetroleum prices were unchanged as well and petroleum prices edged down −0.1 percent. On a year-over-year basis, import prices fell −1.3 percent, marking the fourth consecutive month of yearly declines. Petroleum prices dropped −1.5 percent on a yearly basis after plummeting −4.3 percent last month. Nonpetroleum prices were down as well by −1.3 percent and marked ten consecutive months of yearly declines. Overall, December’s trade price report extends the weakness seen in October and November.
Export prices rose 0.4 percent in December after increasing 0.1 percent in December. On a year-over-year basis, export prices fell −1.0 percent, marking five months of consecutive declines.