Import prices down in October 2005
November 14, 2005
Import prices declined 0.3 percent in October after increasing 2.3 percent in September. A downturn in petroleum prices more than offset higher nonpetroleum prices.
The 0.3-percent decline in the price index of U.S. imports marked the first decrease for the index since May and only the second monthly drop recorded in 2005. Prior to the October decline, import prices rose 6.3 percent between May and September, driven by a 36.2-percent jump in petroleum prices over that period.
In October, petroleum prices decreased 4.4 percent, but still rose 30.9 percent over the past 12 months. In contrast, nonpetroleum prices continued to rise, increasing 0.8 percent last month after advancing 1.0 percent in September. For the year ended in October, prices of nonpetroleum imports rose 3.7 percent while overall import prices increased 8.1 percent.
Export prices increased 0.6 percent in October, as rising prices for both agricultural exports and nonagricultural exports contributed to the advance.
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 - October 2005" (PDF) (TXT), news release USDL 05-2146.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices down in October 2005 on the Internet at http://www.bls.gov/opub/ted/2005/nov/wk2/art01.htm (visited November 26, 2014).
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.