Export prices in January 2009
February 27, 2009
Export prices rose 0.5 percent in January after declining in each of the previous five months.
The increase was driven by a 6.2-percent rise in agricultural prices as nonagricultural prices were unchanged. The rise in agricultural prices followed decreases in four of the previous five months. Higher prices for corn, soybeans, and wheat accounted for the increase in January. Despite the January increase, agricultural prices fell 9.7 percent over the past 12 months.
Nonagricultural prices recorded no change in January after falling in each of the previous five months. The price index for nonagricultural exports declined 2.9 percent for the year ended in January, the largest 12-month decrease since a 2.9-percent drop for the February 2001-2002 period. Similarly, overall export prices fell 3.6 percent over the past year, the largest 12-month decrease since the index fell 3.8 percent for the year ended in November 1998.
These data are from the BLS International Price program. Export price data are subject to revision. Learn more in "U.S. Import and Export Price Indexes — January 2009" (PDF) (HTML), news release USDL 09-0169.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Export prices in January 2009 on the Internet at http://www.bls.gov/opub/ted/2009/feb/wk4/art05.htm (visited May 29, 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.