Rises in import prices by locality last month

November 10, 1999

The price index for imports from Japan continued a recent upturn, rising 0.3 percent in October after increasing 0.6 percent the previous month. Over the past 12 months, the index was up 2.5 percent.

Percent change in U.S. Import Price Indexes by locality of origin, September 1999 to October 1999
[Chart data—TXT]

Prices of imports from the Asian Newly Industrialized Countries rose 0.6 percent in October, the largest increase in the index since monthly publication began in October 1992. Despite recording gains in two of the past three months, the index fell 1.4 percent during the year ended in October.

The price indexes for imports from Latin America and Canada rose 1.5 percent and 0.6 percent, respectively, in October. Over the October 1998-99 period, the prices of imports from Latin America rose 10.5 percent, while the prices of imports from Canada were up 4.6 percent.

The price index of imports from the European Union also increased in October, as prices for nonmanufactured goods rose and prices for manufactured goods were unchanged. The overall index for imports from the European Union rose 0.3 percent in October and 0.4 percent for the year ended in October.

These data are a product of the BLS

International Price program. Find out more in "U.S. Import and Export Price Indexes - October 1999," news release USDL 99-318. The Asian Newly Industrialized Countries include Hong Kong, Singapore, South Korea, and Taiwan. Latin America includes Mexico, Central America, South America, and the Caribbean. Note: import price data are subject to revision in each of the three months after original publication.
SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Rises in import prices by locality last month on the Internet at http://www.bls.gov/opub/ted/1999/nov/wk2/art03.htm (visited October 01, 2014).

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