Import prices in January 2008
February 19, 2008
The U.S. Import Price Index increased 1.7 percent in January, led by a 5.5-percent increase in petroleum prices. The overall increase followed a 0.2-percent decline in December.
The overall index, which had risen 3.1 percent in November and 1.5 percent in October, is up 13.7 percent over the past 12 months, the largest year-over-year increase since the index was first published in September 1982.
The 5.5-percent increase in petroleum prices was the largest contributor to the January increase. Petroleum prices also led the overall increase in import prices over the past year, rising 66.9 percent over that period.
Nonpetroleum prices also advanced in January, rising 0.6 percent. The increase in nonpetroleum prices in January followed increases of 0.3 percent in December and 0.6 percent in November. Over that past 12 months, prices for nonpetroleum imports rose 3.6 percent.
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 -- January 2008" (PDF) (HTML), news release USDL 08-0205.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices in January 2008 on the Internet at http://www.bls.gov/opub/ted/2008/feb/wk3/art01.htm (visited May 24, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
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.