Import prices fall in October

November 09, 2000

The U.S. Import Price Index fell 0.5 percent in October. The decrease was attributable to a decline in petroleum import prices.

Over-the-month percent change in import price index, October 1999-October 2000 (not seasonally adjusted)
[Chart data—TXT]

The 0.5 percent decrease in the import price index in October followed five consecutive monthly increases. Imported petroleum prices declined 3.2 percent, after an increase of 11.0 percent in September. Despite the recent drop, petroleum prices rose 43.1 percent for the year ended in October.

Nonpetroleum import prices, on average, continued to register little movement and were unchanged in October, after dipping 0.2 percent in September. From October 1999 to October 2000, nonpetroleum import prices rose 1.1 percent. During the same 12-month period, the price index for all imports—led by the rise in petroleum prices—advanced 5.5 percent.

These data are a product of the BLS International Price program. Learn more in "U.S. Import and Export Price Indexes - October 2000," news release USDL 00-329. 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, Import prices fall in October on the Internet at http://www.bls.gov/opub/ted/2000/nov/wk1/art04.htm (visited August 28, 2016).

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