Import prices in the US increased 1.4 percent month-over-month in June 2020, following a 0.8 percent increase in May and easily beating forecasts of a 1.0 percent advance. It was the largest monthly increase in import prices since March 2012 led by a record rise in fuel prices (21.9 percent vs 15.4 percent in May). Prices for import petroleum rose 23.0 percent, after advancing 16.1 percent, and natural gas prices increased 6.8 percent following a 6.4 percent rise the previous month. Nonfuel import prices rose 0.3 percent in June, after a 0.1 percent gain in May. Year-on-year, import prices fell 3.8 percent.

Import Prices in the United States averaged 109.33 points from 1982 until 2020, reaching an all time high of 147.50 points in July of 2008 and a record low of 75 points in March of 1986. This page provides - United States Import Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Import Prices - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: U.S. Bureau of Labor Statistics

Import Prices in the United States is expected to be 124.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Import Prices in the United States to stand at 125.74 in 12 months time. In the long-term, the United States Import Prices is projected to trend around 125.74 points in 2021 and 128.74 points in 2022, according to our econometric models.

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United States Import Prices

Actual Previous Highest Lowest Dates Unit Frequency
120.80 119.10 147.50 75.00 1982 - 2020 points Monthly
NSA, 2000=100


Calendar GMT Actual Previous Consensus TEForecast
2020-06-12 12:30 PM Import Prices YoY May -6% -6.8% -6.5%
2020-06-12 12:30 PM Import Prices MoM May 1% -2.6% 0.6% 0.5%
2020-07-15 12:30 PM Import Prices YoY Jun -3.8% -6.2% -4.3%
2020-07-15 12:30 PM Import Prices MoM Jun 1.4% 0.8% 1% 0.8%


News Stream
US Import Prices Rise the Most in 8 Years
Import prices in the US increased 1.4 percent month-over-month in June 2020, following a 0.8 percent increase in May and easily beating forecasts of a 1.0 percent advance. It was the largest monthly increase in import prices since March 2012 led by a record rise in fuel prices (21.9 percent vs 15.4 percent in May). Prices for import petroleum rose 23.0 percent, after advancing 16.1 percent, and natural gas prices increased 6.8 percent following a 6.4 percent rise the previous month. Nonfuel import prices rose 0.3 percent in June, after a 0.1 percent gain in May. Year-on-year, import prices fell 3.8 percent.
2020-07-15
US Import Prices Rise More than Expected
Import prices in the US increased 1 percent month-over-month in May of 2020, following a 2.6 percent drop in the previous month and above forecasts of a 0.6 percent rise. It is the biggest jump in import prices since February of 2019, mainly driven by a record 20.5 percent surge in prices for fuel, after international WTI prices plunged to record low levels in April. Excluding fuel, import prices ticked up 0.1 percent, following a 0.5 percent drop the previous month as cost of foods, feeds, beverages and consumer goods more than offset declining prices for nonfuel industrial supplies and materials and automotive vehicles. Year-on-year, import prices went down 6 percent.
2020-06-12
US Import Prices Fall 2.6% after Oil Plunge
Import prices in the US fell 2.6 percent from a month earlier in April of 2020, following an upwardly revised 2.4 percent decline in March and compared to market expectations of a 3.1 percent fall. It remains the largest decline in import prices since January of 2015, mainly due to a record 31.5 percent plunge in fuel prices, after WTI oil prices turned negative for the first time in history in April amid storage concerns. Excluding fuel, import prices went down 0.5 percent, driven by lower prices for industrial supplies and materials; foods, feeds, and beverages; and consumer goods, which more than offset rising prices for automotive vehicles and capital goods. Year-on-year, import cost went down 6.8 percent, the biggest anual decline since December of 2015.
2020-05-14
US Import Prices Drop Less than Expected
Import prices in the US fell 2.3 percent from a month earlier in March of 2020, following an upwardly revised 0.7 percent decline in February and compared to market expectations of a 3.2 percent fall. It was the largest decline in import prices since January of 2015, mainly due to a 26.8 percent plunge in fuel prices, namely a 27.8 percent drop in petroleum which was the biggest decline since November of 2008. Excluding fuel, import prices were unchanged in March as lower cost for consumer goods and foods, feeds, and beverages offset advancing prices for automotive vehicles, nonfuel industrial supplies and materials, and capital goods. Year-on-year, import prices dropped 4.1 percent, the biggest decrease since June of 2016.
2020-04-14

United States Import Prices
In the United States, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates.