Export prices in the US rosed 6.35% year-over-year in November 2022.
Export prices increased by an average of 6.35% a month in the last 12 months.
From October to November, the export prices decreased by 0.19%.
What is export prices?
Export Prices correspond to the rate of change in the prices of goods and services sold by residents of that country to foreign buyers. Export Prices are heavily affected by exchange rates.
Export prices in the past 12 months
In the past 12 months export prices peaked at 6.35% in May 2022.
Date
Export prices
Change from prior month
November 2022
6.35%
0.19%
October 2022
6.87%
-0.58%
September 2022
9.52%
-0.82%
August 2022
10.74%
-1.74%
July 2022
12.95%
-3.72%
June 2022
18.56%
1.09%
May 2022
18.63%
2.68%
April 2022
18.18%
1.01%
March 2022
18.39%
3.92%
February 2022
16.79%
3.24%
January 2022
14.97%
2.77%
December 2021
14.90%
-1.57%
What does this mean?
Export prices on average has gone up 6.35% from November 2021 to 2022. This means for example, exported goods which costed $10 in November 2021 would cost around $10.63 today, an increase of $0.63 year-over-year.
Are you keeping up with export prices?
If you were making $25/hour in November 2021, you would need to be making $26.59/hour today to keep up with export prices.
What export prices looks like
The effect of export prices on the cost of exported goods, assuming a base price of $10.00 in November 2021.
Date
Cost of exported goods
Change from prior month
December 2021
$9.84
-
$-0.16
January 2022
$10.12
+
$0.27
February 2022
$10.44
+
$0.33
March 2022
$10.85
+
$0.41
April 2022
$10.96
+
$0.11
May 2022
$11.26
+
$0.29
June 2022
$11.38
+
$0.12
July 2022
$10.96
-
$-0.42
August 2022
$10.76
-
$-0.19
September 2022
$10.68
-
$-0.09
October 2022
$10.61
-
$-0.06
November 2022
$10.63
+
$0.02
Impact of inflation on the cost of goods and services
The change in cost of $100 worth of goods and services over the last 12 months.
Jing Jun Ma is a tech and data expert with more than a decade of experience in digital marketing and programming. He wrangles data to make it useful for consumers facing a decision.
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