US import prices for November MoM 0.1% vs -0.2% estimate. YoY 1.3%
Prior month import prices +0.3% revised to 0.1%Prior month export prices +0.8% revised to 1.0%Import prices YoY 1.3% vs 0.6% last month (revised from 0.8%). Largest since JulyImport prices MoM 0.1% vs -0.2% estimateExport prices MoM 0.0% vs -0.2% estimateImports details:Fuel Imports:Prices increased 1.0% in November (after a 0.8% decline in October).Higher prices for natural gas (+47.4%) and petroleum (+0.4%) contributed to the rise.Year-over-year, fuel prices declined 8.6%, with petroleum prices down 7.6% and natural gas prices down 34.5%.All Imports Excluding Fuel:Prices were unchanged in November (after rising 0.2% in September and October).Higher prices for foods, feeds, beverages, and consumer goods offset declines in nonfuel industrial supplies, capital goods, and automotive vehicles.Prices increased 2.3% over the past 12 months.Foods, Feeds, and Beverages:Prices rose 1.3% in November, the largest monthly increase since July 2024 (+2.0%).The rise was driven by a 13.1% increase in vegetable prices.Nonfuel Industrial Supplies and Materials:Prices declined 0.2% in November (after rising 1.2% in October and 1.0% in September).Lower prices for unfinished metals and chemicals led the decline.Finished Goods:Capital Goods: Prices decreased 0.1%, the first drop since May 2024, due to lower machinery and equipment prices.Automotive Vehicles: Prices fell 0.1%, the first decrease since November 2023, driven by lower prices for non-engine parts.Consumer Goods: Prices increased 0.1% for the third consecutive month.Export details:Agricultural Exports:Prices declined 0.4% in November (previously increased by 1.9% in October, 0.8% in September).Soybean and fruit prices fell, offsetting higher prices for nuts, bakery/confectionery products, and meat.Prices decreased 2.5% over the past 12 months.All Exports Excluding Agriculture:Prices increased 0.1% in November (after a 0.8% rise in October).Higher prices for capital goods and nonagricultural foods offset lower consumer goods prices.Prices for industrial supplies, materials, and automotive vehicles were unchanged.Year-over-year prices rose 1.2%, the largest 12-month gain since July 2024.Nonagricultural Industrial Supplies and Materials:Prices were unchanged in November (following a 1.8% increase in October).A 1.0% drop in chemical prices offset higher prices for nonferrous metals and fuel.Finished Goods:Capital goods prices increased 0.1% in November (following a 0.3% rise in October), driven by electrical generating equipment and tech products.Consumer goods prices fell 0.1%, with declines in manufactured nondurables and durables.Automotive vehicle prices were unchanged; higher prices for new passenger vehicles offset lower prices for goods-transport vehicles. This article was written by Greg Michalowski at www.forexlive.com.
- Prior month import prices +0.3% revised to 0.1%
- Prior month export prices +0.8% revised to 1.0%
- Import prices YoY 1.3% vs 0.6% last month (revised from 0.8%). Largest since July
- Import prices MoM 0.1% vs -0.2% estimate
- Export prices MoM 0.0% vs -0.2% estimate
Imports details:
Fuel Imports:
- Prices increased 1.0% in November (after a 0.8% decline in October).
- Higher prices for natural gas (+47.4%) and petroleum (+0.4%) contributed to the rise.
- Year-over-year, fuel prices declined 8.6%, with petroleum prices down 7.6% and natural gas prices down 34.5%.
All Imports Excluding Fuel:
- Prices were unchanged in November (after rising 0.2% in September and October).
- Higher prices for foods, feeds, beverages, and consumer goods offset declines in nonfuel industrial supplies, capital goods, and automotive vehicles.
- Prices increased 2.3% over the past 12 months.
Foods, Feeds, and Beverages:
- Prices rose 1.3% in November, the largest monthly increase since July 2024 (+2.0%).
- The rise was driven by a 13.1% increase in vegetable prices.
Nonfuel Industrial Supplies and Materials:
- Prices declined 0.2% in November (after rising 1.2% in October and 1.0% in September).
- Lower prices for unfinished metals and chemicals led the decline.
Finished Goods:
- Capital Goods: Prices decreased 0.1%, the first drop since May 2024, due to lower machinery and equipment prices.
- Automotive Vehicles: Prices fell 0.1%, the first decrease since November 2023, driven by lower prices for non-engine parts.
- Consumer Goods: Prices increased 0.1% for the third consecutive month.
Export details:
Agricultural Exports:
- Prices declined 0.4% in November (previously increased by 1.9% in October, 0.8% in September).
- Soybean and fruit prices fell, offsetting higher prices for nuts, bakery/confectionery products, and meat.
- Prices decreased 2.5% over the past 12 months.
All Exports Excluding Agriculture:
- Prices increased 0.1% in November (after a 0.8% rise in October).
- Higher prices for capital goods and nonagricultural foods offset lower consumer goods prices.
- Prices for industrial supplies, materials, and automotive vehicles were unchanged.
- Year-over-year prices rose 1.2%, the largest 12-month gain since July 2024.
Nonagricultural Industrial Supplies and Materials:
- Prices were unchanged in November (following a 1.8% increase in October).
- A 1.0% drop in chemical prices offset higher prices for nonferrous metals and fuel.
Finished Goods:
- Capital goods prices increased 0.1% in November (following a 0.3% rise in October), driven by electrical generating equipment and tech products.
- Consumer goods prices fell 0.1%, with declines in manufactured nondurables and durables.
- Automotive vehicle prices were unchanged; higher prices for new passenger vehicles offset lower prices for goods-transport vehicles.
