Import prices in July 2008
August 14, 2008
Import prices increased 1.7 percent in July after rising between 2.8 and 3.1 percent in each of the previous four months. Prices for overall imports jumped 21.6 percent for the year ended in July, the largest 12-month increase for the index since first publication in September 1982.
Petroleum prices continued to trend upward, although the 4.0-percent advance in July was comparatively smaller than the average monthly increases recorded between February and June when petroleum prices rose 42.1 percent overall. The price index for petroleum advanced 79.2 percent over the past year.
Nonpetroleum prices also contributed to the July increase in overall import prices, rising 0.9 percent for the second consecutive month. Prices for nonpetroleum imports increased 8.0 percent over the past 12 months.
These data are from the BLS International Price program. Import price data are subject to revision. Learn more in "U.S. Import and Export Price Indexes -- July 2008," (PDF) (HTML) news release USDL 08-1143.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices in July 2008 on the Internet at http://www.bls.gov/opub/ted/2008/aug/wk2/art04.htm (visited March 31, 2015).
Three recent editions of Spotlight on Statistics
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
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.