United States Import Price Index y/y

Country:
United States
USD, US dollar
Sector:
Prices
Low 1.1% 1.2%
1.1%
Last release Importance Actual Forecast
Previous
0.7%
1.1%
Next release Actual Forecast
Previous
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  • History
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Import Price Index y/y reflects changes in prices of goods and services that are purchased in the United States, but are produced outside the country, in the given month compared to the same month of the previous year.

The largest part of price data is collected from a survey of US importers. 25% of goods and services of the basket used for the index calculation are revised twice a year. Such revision allows taking into account the appearance of new goods in the market and the reduction of the relative share of existing goods in the trade turnover. Weights are given to all positions in the index calculation. The index is not seasonally adjusted. That is why analysts normally measure the index changes over several months for a proper interpretation.

The index calculation includes all goods, except for military goods, works of art, used items (including the restored and renovated ones), charitable donations, railway equipment and certain types of imports (custom capital equipment). Cargo and passenger air transportation are included in the index calculation.

Imports Price Index is used as a deflator for preparing the national trade statistics. Economists use the index to predict near-term inflation. The index is also used for evaluating the change in the structure of trade flows.

The impact of the index on dollar quotes is associated with inflation evaluation. In general, its growth is seen as positive for the dollar.

Last values:

actual data

forecast

The chart of the entire available history of the "United States Import Price Index y/y" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
May 2024
1.1%
1.2%
1.1%
Apr 2024
1.1%
0.8%
0.4%
Mar 2024
0.4%
-0.1%
-0.8%
Feb 2024
-0.8%
-0.3%
-1.3%
Jan 2024
-1.3%
-1.4%
-1.6%
Dec 2023
-1.6%
-2.0%
-1.4%
Nov 2023
-1.4%
-2.0%
-2.0%
Oct 2023
-2.0%
-0.1%
-1.7%
Sep 2023
-1.7%
-0.2%
-3.0%
Aug 2023
-3.0%
-3.6%
-4.4%
Jul 2023
-4.4%
-6.5%
-6.1%
Jun 2023
-6.1%
-3.6%
-5.9%
May 2023
-5.9%
-5.8%
-4.8%
Apr 2023
-4.8%
-6.3%
-4.6%
Mar 2023
-4.6%
-3.7%
-1.1%
Feb 2023
-1.1%
1.1%
0.8%
Jan 2023
0.8%
2.9%
3.5%
Dec 2022
3.5%
2.7%
2.7%
Nov 2022
2.7%
2.6%
4.2%
Oct 2022
4.2%
4.4%
6.0%
Sep 2022
6.0%
6.1%
7.8%
Aug 2022
7.8%
7.9%
8.8%
Jul 2022
8.8%
10.7%
10.7%
Jun 2022
10.7%
9.6%
11.7%
May 2022
11.7%
12.7%
12.0%
Apr 2022
12.0%
12.7%
12.5%
Mar 2022
12.5%
10.1%
10.9%
Feb 2022
10.9%
8.4%
10.8%
Jan 2022
10.8%
9.3%
10.4%
Dec 2021
10.4%
12.8%
11.7%
Nov 2021
11.7%
11.5%
10.7%
Oct 2021
10.7%
9.1%
9.2%
Sep 2021
9.2%
8.1%
9.0%
Aug 2021
9.0%
7.8%
10.2%
Jul 2021
10.2%
9.3%
11.2%
Jun 2021
11.2%
10.8%
11.3%
May 2021
11.3%
13.1%
10.6%
Apr 2021
10.6%
8.8%
6.9%
Mar 2021
6.9%
5.5%
3.0%
Feb 2021
3.0%
3.4%
0.9%
Jan 2021
0.9%
0.2%
-0.3%
Dec 2020
-0.3%
-1.8%
-1.0%
Nov 2020
-1.0%
-2.9%
-1.0%
Oct 2020
-1.0%
-0.8%
-1.1%
Sep 2020
-1.1%
-0.7%
-1.4%
Aug 2020
-1.4%
-1.0%
-3.3%
Jul 2020
-3.3%
-1.7%
-3.8%
Jun 2020
-3.8%
-6.5%
-6.0%
May 2020
-6.0%
-9.3%
-6.8%
Apr 2020
-6.8%
-6.2%
-4.1%

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