US export prices fell by 0.7 per cent in September, after declining by 0.9 per cent in August. Such prices decreased by 1.1 per cent for the third quarter this year, the largest three-month drop since December 2023.
Prices for US imports fell by 0.4 per cent in September—the largest one-month drop since a 0.7-per cent decline in December 2023—following a 0.2-per cent decrease in August, official statistics show.
US export prices fell by 0.7 per cent in September, after declining by 0.9 per cent in August.
Export prices fell by 1.1 per cent for Q3 2024, the largest three-month drop since December 2023.
Lower fuel import prices in September more than offset higher non-fuel prices.
US import prices edged down by 0.1 per cent over the past year, the first 12-month drop since February 2024.
All non-fuel import prices ticked up by 0.1 per cent for the third consecutive month in September. Prices for non-fuel imports have not recorded a monthly decline since May 2024. The price index for US non-fuel imports rose by 1.8 per cent over the past 12 months, the largest over-the-year advance since December 2022.
Import prices for major finished goods import categories were mostly up in September. Consumer goods prices rose 0.2 per cent, after edging down 0.1 per cent in August and July.
Lower prices for non-agricultural exports in September more than offset higher agricultural export prices. The price index for US exports declined by 2.1 per cent over the past year, the largest 12-month decrease since January 2024.
The price index for non-agricultural exports decreased by 0.9 per cent in September, the largest monthly drop since the index fell 0.9 per cent in October 2023, a BLS release said.
Prices for non-agricultural exports declined by 1.8 per cent over the past year, the largest 12-month decrease since December 2023.
Capital goods export prices rose by 0.2 per cent following a 0.2-per cent decline in August.
Fibre2Fashion News Desk (DS)
