Keeping you up to date on the latest data releases.
Import prices increased by 0.6 percent in March, representing the fourth consecutive month of increases. Nonpetroleum prices increased by 0.6 percent in March, while petroleum prices ticked up 0.1 percent. On a year-over-year basis, import prices decreased −0.6 percent, marking the seventh consecutive month of declines. Petroleum prices fell by −2.4 percent on a yearly basis, after falling −2.6 percent in February. Nonpetroleum imports increased by 0.1 percent in March, which was the first year-over-year increase since February of 2013. Firmer nonpetroleum prices suggest a slight reversal of the softening in prices prevalent throughout the second half of 2013.
Export prices increased by 0.8 percent in March, marking five months of consecutive increases. On a year-over-year basis, export prices increased 0.2 percent, making the first increase since June of 2013.