Export prices fall more than expected

U.S. import prices declined 0.5 percent in February, the U.S. Bureau of Labor Statistics reported today, after 
ticking up 0.1 percent in January. In February, falling import fuel prices more than offset higher prices for 
nonfuel imports. Prices for U.S. exports decreased 1.1 percent in February, after advancing 0.6 percent the 
previous month.

Imports

Import prices declined 0.5 percent in February, after rising 0.1 percent in January and 0.2 percent in 
December. The decline in February was the largest decrease since the index fell 0.6 percent in August. 
Prices for U.S. imports decreased 1.2 percent from February 2019 to February 2020, as declining prices for 
both nonfuel and fuel imports contributed to the movement.

Exports 

U.S. export prices decreased 1.1 percent in February, the largest monthly decline since the index fell 1.1 
percent in December 2015. In February, falling prices for both agricultural and nonagricultural exports 
contributed to the overall decrease. Prices for exports declined 1.3 percent on a 12-month basis in February, 
after rising 0.4 percent from January 2019 to January 2020.