Import prices up again in May 2006
June 12, 2006
The U.S. Import Price Index advanced 1.6 percent in May 2006. This followed a 2.1-percent increase in April, and marked the largest 2-month jump for the index since October 1990.
A 5.2-percent rise in petroleum prices and a 0.6-percent advance in nonpetroleum prices both contributed to the overall increase in May.
The advance in petroleum prices was the third consecutive monthly increase for the index, but was less than half the 11.5-percent jump recorded in April. Petroleum prices rose 45.7 percent for the year ended in May.
The 0.6-percent increase in nonpetroleum prices last month was the largest monthly change since October and followed a comparatively modest 0.1-percent advance in April. Over the past 12 months nonpetroleum import prices rose 1.5 percent while overall import prices rose 8.3 percent.
Export prices increased for the sixth consecutive month, rising 0.7 percent in May following a 0.6-percent advance in April. Higher nonagricultural prices and a turnaround in agricultural prices both contributed to the May increase.
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 2006" (PDF) (TXT), news release USDL 06-994.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices up again in May 2006 on the Internet at http://www.bls.gov/opub/ted/2006/jun/wk2/art01.htm (visited October 31, 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.