GLOBAL ECONOMY   •  Aug 2016  •  Volume 5 / Number 12

Impact of the strengthening dollar on U.S. import prices in 2015

Impact of the strengthening dollar on U.S. import prices in 2015

The Bureau of Labor Statistics (BLS) import price index measures changes in prices of goods purchased from abroad by residents of the United States. The index declined throughout most of 2015 and ended the year with an 8.3-percent decrease from the December 2014 figure. Declines in prices of commodities such as oil, gold, other precious metals, and copper were an important factor behind the fall in the import price index.

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