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Economy

Economic Data (USA)

Friday, June 12, 2020

Import and Export Price Indexes for May 2020

The Labor Department's Bureau of Labor Statistics this morning released its report on U.S. Import and Export Price Indexes for May 2020:

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Import Prices
Predicted: +0.8%
Actual: +1.0%

Change From 12 Months Previous: -6.0%

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Export Prices
Predicted: +0.7%
Actual: +0.5%

Change From 12 Months Previous: -6.0%

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The above percentages, highlighted in yellow, represent the month-to-month change in prices for:

  • Imports: the cost of goods produced in other countries and sold in the United States.
  • Exports: the cost of goods produced in the USA and sold in other countries.

Together, these indexes offer insight into the status of inflation in the United States, and for the global economy as well. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.


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CHART: Import Price Index - May 2020 Update
CHART: Import Price Index - May 2020 Update

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CHART: Export Price Index - May 2020 Update
CHART: Export Price Index - May 2020 Update

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From Today's Report:


Coronavirus (COVID-19) Pandemic Impact on May 2020 Import and Export Price Index Data

"...The Bureau of Labor Statistics did not make any changes to either the collection method or estimation methodology for the May release of U.S. Import and Export Price Indexes. Survey response rates for May were 4.5 percentage points lower than those in May 2019. A small number of indexes that are normally published were not published in May. Additional information is available at www.bls.gov/covid19/import-export-price-indexes-covid19-impacts-may-2020.htm..."
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