Import prices rise in July

August 13, 2004

The U.S. Import Price Index rose 0.2 percent in July 2004. The increase resumed the upward trend in the index, following a modest 0.1-percent decrease in June.

Over-the-month percent change in price index for imports, July 2003–July 2004 (not seasonally adjusted)
[Chart data—TXT]

Import petroleum prices advanced 0.9 percent in July, contributing to the overall increase in import prices and reversing the 0.9-percent downturn for the index in June. Prices for petroleum imports were up 29.5 percent over the past 12 months.

Nonpetroleum prices also rose in July, edging up 0.1 percent. Prices for nonpetroleum imports have not declined since October and were up 2.6 percent for the year ended in July. Overall, import prices rose 5.5 percent over the same period.

Export prices rose 0.4 percent in July, as higher prices for nonagricultural exports more than offset a decline in the price index for agricultural exports.

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 - July 2004" (PDF) (TXT), news release USDL 04-1520.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices rise in July on the Internet at http://www.bls.gov/opub/ted/2004/aug/wk2/art05.htm (visited July 30, 2016).

OF INTEREST

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.