Import prices up in December
January 15, 2003
The U.S. Import Price Index increased 0.7 percent in December. The increase was largely attributable to an upturn in petroleum prices.
The index for imports, which recorded only two monthly decreases in 2002, resumed an upward trend in December. Led by volatile petroleum prices, overall import prices rose 0.7 percent last month after falling 1.0 percent in November.
The petroleum index, which had decreased in the previous two months, rose 7.4 percent in December. Last month’s increase was the largest since the index rose 12.7 percent in April. The price index for nonpetroleum imports also increased in December, edging up 0.1 percent after dipping the same amount in November.
The Export Price Index decreased 0.2 percent in December, after rising 0.1 percent in the previous month.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices up in December on the Internet at http://www.bls.gov/opub/ted/2003/jan/wk2/art03.htm (visited February 01, 2015).
Three recent editions of Spotlight on Statistics
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.