Export prices rose 0.3% in March, led by Agriculture, especially soybeans and wheat.
The BLS reports U.S. Import Prices Record No Change in March; Export Prices up 0.3%.
Import Prices
All Imports: Import prices recorded no change in March following rises of 0.3 percent in February and 0.8 percent in January. The index has not declined on a monthly basis since decreasing 0.2 percent in July 2017. Prices for U.S. imports rose 3.6 percent between March 2017 and March 2018. The last 12-month decline in import prices was a 0.2-percent drop for the period ended October 2016.
Fuel Imports: Fuel prices fell for the second consecutive month, declining 1.6 percent in March following a 1.0-percent drop in February. The March decrease was the largest monthly decline since the index dropped 3.6 percent in June 2017. Lower prices for both petroleum and natural gas drove the decline in fuel prices. Prices for imported petroleum declined 1.3 percent and natural gas fell 9.5 percent. Despite the decrease in March, fuel import prices advanced 18.7 percent between March 2017 and March 2018. The price index for petroleum imports rose 19.4 percent over the past 12 months. Prices for imported natural gas increased 20.0 percent over the same period.
All Imports Excluding Fuel: Prices for nonfuel imports rose 0.2 percent in March, following increases of 0.5 percent in February and January. Contributing to the March advance were higher import prices for nonfuel industrial supplies and materials; capital goods; and foods, feeds, and beverages, which more than offset declining prices for automotive vehicles and consumer goods. Nonfuel import prices advanced 2.1 percent on a 12-month basis for the second consecutive month, the largest over-the-year increases since a 2.4-percent advance in February 2012. An 8.0-percent rise in nonfuel industrial supplies and materials prices drove the 12-month advance in March.
Export Prices
