Import prices rise in June

July 11, 2003

The U.S. Import Price Index increased 0.8 percent in June, as increases in both petroleum and nonpetroleum import prices contributed to the rise.

Over-the-month percent change in price index for imports, June 2002June 2003 (not seasonally adjusted)
[Chart data—TXT]

The petroleum index rose 4.7 percent in June after falling 5.4 percent in May and 18.7 percent in April. The price index for nonpetroleum imports also recorded a turnaround in June, increasing 0.5 percent after falling 0.3 percent in May and 1.0 percent in April. The June increase in nonpetroleum import prices was led by a 1.4-percent increase in prices for nonpetroleum industrial supplies and materials. Rising natural gas prices and a rebound in prices for unfinished metals led the increase in the nonpetroleum industrial supplies and materials price index.

Export prices fell 0.2 percent in June, after edging up 0.1 percent in May. Both major components of exports contributed to the June decline, as prices for agricultural and nonagricultural imports fell 0.8 percent and 0.1 percent, respectively. Corn, wheat, and soybean prices all contributed to the June downturn in agricultural export prices.

These data are from the BLS International Price program. Import and export price data are subject to revision. Learn more in "U.S. Import and Export Price Indexes - June 2003" (PDF) (TXT), news release USDL 03-370.


Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices rise in June on the Internet at (visited October 01, 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.