US export prices remained unchanged in November following a 1-per cent rise the previous month, and declining by 0.6 per cent in September and by 0.7 per cent in August. Higher non-agricultural export prices in November offset lower agricultural export prices.
Import prices rose by 1.3 per cent from November 2023 to November 2024, the largest over-the-year rise since the index increased by 1.7 per cent for the year ended July 2024.
Prices for US imports increased by 0.1 per cent for the second consecutive month in November and October this year after declining by 0.4 per cent in September and by 0.3 per cent in August.
US export prices remained unchanged in November following a 1-per cent rise the previous month, and declining by 0.6 per cent in September and by 0.7 per cent in August.
Import prices of fuel rose by 1 per cent in November following a 0.8-per cent decline the previous month.
Prices of non-fuel imports were unchanged in November, after advancing by 0.2 per cent in each of the two previous months. Non-fuel import prices have not declined on a monthly basis since a 0.2-per cent drop in May 2024. The price index for such imports rose by 2.3 per cent over the past 12 months.
Prices for the major finished goods import categories were mixed in November. Capital goods prices edged down by 0.1 per cent in the month, the first monthly decrease since May 2024.
In contrast, the price index for consumer goods imports ticked up by 0.1 per cent for the third consecutive month in November.
US export prices rose by 0.8 per cent over the past year, the largest 12-month advance since a 1.2-per cent increase from July 2023 to July 2024, a BLS release said.
Agricultural export prices declined by 0.4 per cent in November following increases of 1.9 per cent in October and 0.8 per cent in September. Such prices decreased by 2.5 per cent over the past 12 months.
The price index for non-agricultural exports ticked up by 0.1 per cent in November after increasing by 0.8 per cent in October.
Higher prices for exports of capital goods and non-agricultural foods in November more than offset lower prices for export of consumer goods.
Prices for export of non-agricultural industrial supplies and materials were unchanged in November following a 1.8-per cent advance the previous month.
Prices for the major finished goods export categories were mixed in November. The price index for export capital goods ticked up 0.1 per cent following a 0.3-per cent advance in October.
Consumer goods export prices fell by 0.1 per cent in November, after decreasing by 0.2 per cent the previous month. Lower prices for manufactured non-durables and durables in November each contributed to the decline.
Fibre2Fashion News Desk (DS)
