Import and Export Price Indexes for November 2020

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

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Import Prices
Predicted: +0.1%
Actual: +0.1%

Change From 12 Months Previous: -1.0%

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Export Prices
Predicted: +0.5%
Actual: +0.6%

Change From 12 Months Previous: -1.1%

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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 - November 2020 Update

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CHART: Export Price Index - November 2020 Update

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From Today's Report:

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

The Bureau of Labor Statistics did not make changes to either the collection method or estimation methodology for the November release of U.S. Import and Export Price Indexes. Survey response rates for November were 5.6-percentage points lower than those in November 2019. A small number of indexes that are normally published were not published in November. Additional information is available at www.bls.gov/covid19/import-export-price-indexes-covid19-impacts-november-2020.htm...."

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• Click here to view the full Labor Department report.

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