Import and Export Prices Drop for March


Export and import prices are both down for March, according to a Labor Department report (link opens in PDF) released today.

After bumping up 0.6% in February on high fuel prices, a subsequent 1.9% fuel price drop pushed import prices down 0.5% for March. Export prices also dipped, down 0.4% after February's 0.7% increase.

Market analysts were on the nose for imports, having expected a 0.5% decrease. Exports, however, missed analysts' mark of a 0.1% increase.

On a country-level basis, import prices from China dropped 0.2% for March and are down 1.1% for the last 12 months. European Union import prices fell 0.7% from February.

Agricultural prices have been a major driver behind export price increases over the last year, but a 1.8% slump for March prices was the primary pull behind export's month-over-month price reversal.


The article Import and Export Prices Drop for March originally appeared on

You can follow Justin Loiseau on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.