Import prices drop, export prices rise in May
June 13, 2003
The U.S. Import Price Index decreased 0.3 percent in May, following a record decline of 3.0 percent in April. The U.S. Export Price Index edged up 0.1 percent in May, after declining 0.1 percent the previous month.
The price index for imported petroleum dipped 1.1 percent in May. The price index for nonpetroleum imports decreased 0.2 percent, led by a 0.5-percent drop in prices for nonpetroleum industrial supplies and materials and a 0.4-percent decrease in the price index for imported capital goods. In contrast, prices for imported automotive vehicles edged up in May, increasing 0.1 percent.
Increasing prices for agricultural exports more than offset a small decline in nonagricultural export prices. The price index for agricultural exports increased 2.4 percent in May and was led by higher soybean, wheat, corn, and meat prices. Prices for nonagricultural exports declined 0.1 percent last month as lower prices for industrial supplies and materials and for automotive vehicles more than offset a small increase in prices for capital goods.
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 - May 2003" (PDF) (TXT), news release USDL 03-298.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices drop, export prices rise in May on the Internet at http://www.bls.gov/opub/ted/2003/jun/wk2/art05.htm (visited September 25, 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.