facebook
twitter
search
search

Import-export declines slowed in December

Jan. 11, 2013 at 12:44 PM

WASHINGTON, Jan. 11 (UPI) -- U.S. import and export price declines slowed in December, the Labor Department's Bureau of Labor Statistics sad Friday.

Import prices fell 0.1 percent from November, with declines in fuel and non-fuel costs, the Labor Department said.

Export prices also fell 0.1 percent, with a 0.2 percent decline in non-agricultural export prices and a 0.1 percent gain in agricultural exports prices.

November's declines were generally sharper.

Fuel import prices were down 2.8 percent in November and 0.1 lower percent in December.

The decline in export prices was 0.7 percent in November and 0.1 percent in December.

Non-agricultural export price deflation also slowed month-to-month.

An 0.8 percent decline in November slowed to a 0.2 percent drop in December.

From December 2011 to December 2012, import prices dropped 1.5 percent, a turnaround from the prior 12 months, when import prices rose 8.5 percent.

Over the past 12 months, fuel imports followed the same pattern, falling 6.4 percent after rising 24.9 percent from December 2010 to December 2012.

Agriculture export prices have gone the other way over the past 24 months, with prices up 1 percent from December 2010 to December 2011 and up 12.8 percent from December 2011 to December 2012, the bureau said.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Finland orders anti-tank weapon from Saab
Orbital ATK's artillery guidance kit passes milestone test
Fourth MUOS arrives in Florida for August launch
Oil prices drop on Greek, Iran concerns
North Dakota rig data suggests stability