Import prices down for third consecutive month
January 11, 2002
The U.S. Import Price Index decreased 0.9 percent in December. The decline followed drops of 1.4 percent and 2.3 percent in November and October, respectively.
The 0.9 percent decrease in prices for imported goods in December continued a year-long downward trend; prices have dropped 4.5 percent over the past three months alone. The ongoing sharp decline for overall imports continued to be led by falling prices for petroleum products, which fell 6.3 percent in December and have fallen 29.7 percent since September 2001. Over the past 12 months, petroleum prices have decreased 38.5 percent.
The index for nonpetroleum import prices also fell in December, down 0.3 percent. This index has decreased in 11 consecutive months and was down 4.4 percent for the year—the largest calendar year decrease for this index since publication began in 1985.
These data are a product of the BLS International Price program. Learn more in "U.S. Import and Export Price Indexes - December 2001," news release USDL 02-20. Note: import price data are subject to revision in each of the three months after original publication.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices down for third consecutive month on the Internet at http://www.bls.gov/opub/ted/2002/jan/wk1/art05.htm (visited August 29, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.