Import prices in the US rosed 2.68% year-over-year in November 2022.
Import prices increased by an average of 2.68% a month in the last 12 months.
From October to November, the import prices increased by 0.77%.
What is import prices?
Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates.
Import prices in the past 12 months
In the past 12 months import prices peaked at 2.68% in March 2022.
Date
Import prices
Change from prior month
November 2022
2.68%
-0.77%
October 2022
4.24%
-0.21%
September 2022
6.00%
-1.24%
August 2022
7.82%
-1.09%
July 2022
8.77%
-1.41%
June 2022
10.66%
0.20%
May 2022
11.60%
0.47%
April 2022
12.51%
0.48%
March 2022
13.01%
2.95%
February 2022
11.41%
1.78%
January 2022
10.75%
1.97%
December 2021
10.27%
-0.36%
What does this mean?
Import prices on average has gone up 2.68% from November 2021 to 2022. This means for example, imported goods which costed $10 in November 2021 would cost around $10.27 today, an increase of $0.27 year-over-year.
Are you keeping up with import prices?
If you were making $25/hour in November 2021, you would need to be making $25.67/hour today to keep up with import prices.
What import prices looks like
The effect of import prices on the cost of imported goods, assuming a base price of $10.00 in November 2021.
Date
Cost of imported goods
Change from prior month
December 2021
$9.96
-
$-0.04
January 2022
$10.16
+
$0.20
February 2022
$10.34
+
$0.18
March 2022
$10.65
+
$0.31
April 2022
$10.70
+
$0.05
May 2022
$10.75
+
$0.05
June 2022
$10.77
+
$0.02
July 2022
$10.62
-
$-0.15
August 2022
$10.50
-
$-0.12
September 2022
$10.37
-
$-0.13
October 2022
$10.35
-
$-0.02
November 2022
$10.27
-
$-0.08
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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