2014 Economic Calendar
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Import and Export Prices  
Released On 2/14/2014 8:30:00 AM For Jan, 2014
PriorPrior RevisedConsensusConsensus RangeActual
Import Prices - M/M change0.0 %0.2 %-0.1 %-0.2 % to 0.3 %0.1 %
Export Prices - M/M change0.4 %0.4 %0.1 %-0.1 % to 0.3 %0.2 %
Import Prices - Y/Y change-1.3 %-1.5 %
Export Prices - Y/Y change-1.0 %-1.2 %

Highlights
Cross-border price pressures ticked higher in January but remain soft with import prices inching up 0.1 percent while export prices rose 0.2 percent. But year-on-year rates remain well into the negative column, at minus 1.5 percent for import prices and minus 1.2 percent for export prices. The year-on-year rates for import & export prices have been in the negative column since July which is the longest negative run since 2009.

Prices for imported fuel fell 0.6 percent in January for the third decline in four months. Petroleum prices fell 1.2 percent which was offset by another surge in natural gas prices which rose 14.1 percent in the month for a 67.3 percent gain over the past four months. Excluding fuel, import prices did show some life in January, up 0.3 percent which however follows four months of flat readings. Note that the 0.3 percent gain is the largest for this reading since March 2012.

Details on the export side also a little monthly pressure, but again not much. Non-agricultural prices, reflecting higher prices for industrial supplies, capital goods, and vehicles, rose 0.2 percent following a 0.5 percent rise in December. Agricultural prices fell 0.5 percent and are down 5.7 percent year-on-year.

There is some upward movement in this report but from a very low level. Today's data do hint at some pressure for next week's producer and consumer price reports.

Recent History Of This Indicator
Import prices showed no change in December following a downwardly revised 0.9 percent drop in November and a 0.6 percent decline in October. Removing swings tied to oil, the ex-petroleum reading also showed no change in December. Oil-related prices, after steep declines in the two prior months, held steady with imported prices for petroleum products down 0.1 percent in December. Crude prices fell 1.2 percent. In an offset, prices for coal and gas rose sharply in the month though year-on-year rates remain in the negative column. Finished prices continue to be flat with capital goods, motor vehicles, and consumer goods all showing incremental monthly declines with year-on-year rates all in the negative column. Total export prices rose 0.4 percent in the month for a gain tied to a 0.4 percent rise for agricultural prices. Still, the year-on-year price decline for agricultural prices is a very sizable 6.3 percent.

Definition
Import price indexes are compiled for the prices of goods that are bought in the United States but produced abroad and export price indexes are compiled for the prices of goods sold abroad but produced domestically. These prices indicate inflationary trends in internationally traded products.  Why Investors Care
 
[Chart]
Yearly changes in import and export prices reveal long term trends in inflation for tradable goods.
Data Source: Haver Analytics
 
 

2014 Release Schedule
Released On: 1/142/143/134/105/136/127/158/149/1210/1011/1412/11
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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