Import Prices Steady as Exports Gain 0.4% for December

Import prices stayed steady as export prices rose for December, according to a Labor Department report (link opens as PDF) released today.

After a steep revised 0.9% drop in November, import prices remained the same for the last month of 2013. Analysts had expected a 0.4% uptick. While fuel prices headed 0.4% higher, nonfuel prices declined 0.1% to keep imports unchanged.

Source: Labor Department. 

Export prices increased 0.4% for the second month of gains, beating out analyst expectations of a 0.1% increase. Both agricultural and non-agricultural prices rose, adding on 0.4% and 0.3%, respectively. 

Source: Labor Department. 

In the last year, import prices have dropped 1.3% as exports slumped a slightly smaller 1%, pushed down by a 6.3% drop in agricultural export prices. 

On a regional basis, 2013 import prices from China fell 0.8% after dropping 0.6% in 2012. 2013's decrease was the largest since 2009, and Japan's 0.3% dip was the largest since 1997.


The article Import Prices Steady as Exports Gain 0.4% for December originally appeared on

Try any of our Foolish newsletter services free for 30 days. We Fools don't 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 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.