Import and Export Price Indexes for November 2021

The Labor Department's Bureau of Labor Statistics this morning released its report on U.S. Import and Export Price Indexes for November 2021:

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Import Prices
Predicted: +1.0%
Actual: +0.7%

Change From 12 Months Previous: +11.7%

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Export Prices
Predicted: +1.0%
Actual: +1.0%

Change From 12 Months Previous: +18.2%

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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 2021 Update

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CHART: Export Price Index - November 2021 Update

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From Today's Report:

"...Imports: The price index for U.S. imports rose 11.7 percent over the past 12 months, the largest over-the-year increase since the index advanced 12.7 percent for the year ended September 2011..."

"...Exports: U.S. exports increased 18.2 percent over the past 12 months, the largest over-the-year advance in the series, which was first published in September 1984..."

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• Click here to view the full Labor Department report.

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