Import and Export Price Indexes for January 2024

The Labor Department's Bureau of Labor Statistics this morning released its report on U.S. Import and Export Price Indexes for January 2024:

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Import Prices
Previous Reading: -0.7% (revised)
Actual: +0.8%

Change From 12 Months Previous: -1.3%

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Export Prices
Previous Reading: -0.7% (revised)
Actual: +0.8%

Change From 12 Months Previous: -2.4%

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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
January 2024 Update

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CHART: Export Price Index
 January 2024 Update

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• Click here to view the full Labor Department report.

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