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Import prices up 3.0 percent in 2017

January 16, 2018

Prices for U.S imports increased 3.0 percent in 2017, after advancing 1.9 percent the previous year. The advance in 2017 was the largest calendar-year increase since import prices rose 8.5 percent in 2011.

Over-the-year percent change in U.S. import price indexes for selected categories of goods, December 2017
Category Percent change

Fuels & lubricants


Unfinished metals related to durable goods


Selected building materials


Industrial supplies & materials, durable


Finished metals related to durable goods


Industrial supplies & materials excluding fuels


Industrial supplies & materials excluding petroleum


Materials associated with nondurable supplies & materials


Industrial supplies & materials nondurable excluding petroleum


Paper & paper base stocks


Nonmetals related to durable goods


Nondurables, manufactured consumer goods


Agricultural foods, feeds & beverages, excluding distilled beverages


Nonelectrical machinery


Electric generating equipment


Nonmanufactured consumer goods


Durables, manufactured consumer goods


Transportation equipment excluding motor vehicles


Nonagricultural foods (fish, distilled beverages)


Import fuel prices rose 18.4 percent in 2017, following a 24.7-percent  advance the previous year. Before 2016, import fuel prices had not recorded a calendar-year increase since 2011. In 2017, a 20.6-percent gain in petroleum prices more than offset a 15.7-percent drop in natural gas prices.

Nonfuel import prices increased 1.4 percent in 2017, following a 0.2-percent advance the previous year. In 2017, rising prices for nonfuel industrial supplies and materials; capital goods; consumer goods; and foods, feeds, and beverages all contributed to the advance in nonfuel prices. Of the major import areas, only prices for automotive vehicles decreased in 2017.

These data are from the International Price program. Import and export prices are subject to revision. To learn more, see "U.S. Import and Export Prices — December 2017" (HTML) (PDF). See more charts on import and export price trends in Charts related to the latest “U.S. Import and Export Price Indexes” news release.


Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices up 3.0 percent in 2017 at (visited December 04, 2022).