U.S. import prices advanced 11.3% for the year ended in May 2021, the largest 12-month rise since a 12.7% increase from September 2010 to September 2011. Prices for U.S. exports rose 17.4% from May 2020 to May 2021, the largest over-the-year increase in the series, which was first published in September 1983. The 12-month advance in May topped the previous high of 14.9% recorded for the year ended in April 2021.
Prices for import fuel rose 109.6% for the year ended in May 2021. Nonfuel import prices rose 6.0% over the past year, the largest 12-month advance since prices increased 6.1% in September 2008.
From May 2020 to May 2021, prices for agricultural exports rose 33.6%, the largest over-the-year increase since prices increased 33.9% from April 2010 to April 2011. Prices for nonagricultural exports rose 15.7% over the past year, the largest 12-month advance in the series, which was first published in March 1985.