Import prices decline again in September 2008
October 14, 2008
Import prices fell 3.0 percent in September, the largest one-month decline since April 2003. Despite the 5.5-percent drop over August and September, the largest two-month decline since the index was first published monthly in December 1988, import prices were still up 14.5 percent over the past year.
The September decrease in import prices was led by a 9.0-percent decline in petroleum prices, the largest monthly drop since October 2006. The September decline in petroleum prices followed an 8.2-percent decrease in August; however, the index still rose 47.1 percent over the past 12 months.
Nonpetroleum import prices also fell in September, declining 0.9 percent after a 0.5-percent drop in August. Prices for nonpetroleum imports rose 6.5 percent for the year ended in September.
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 -- September 2008," (PDF) (HTML) news release USDL 08-1424.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices decline again in September 2008 on the Internet at http://www.bls.gov/opub/ted/2008/oct/wk2/art01.htm (visited October 22, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.