Import prices in May 2009
June 15, 2009
Prices of U.S. imports rose 1.3 percent in May, the third consecutive increase and largest monthly advance since a 1.4-percent advance in July 2008.
The May increase was led by an 8.3-percent gain in petroleum prices which followed a 28.6-percent increase from January through April. Despite the recent jump in petroleum prices, the index fell 51.4 percent over the past year.
Nonpetroleum prices rose 0.2 percent in May, the first increase for the index since July 2008. Prices for nonpetroleum imports decreased 5.8 percent for the year ended in May and overall import prices fell 17.6 percent for the same period.
The rise in nonpetroleum prices was driven primarily by a 0.6-percent advance in prices for nonpetroleum industrial supplies and materials, the first increase for that index since July 2008. The increase was led by higher prices for nonferrous metals and chemicals, which more than offset lower iron and steel mill product prices.
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 – May 2009" (PDF) (HTML), news release USDL 09-0635.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices in May 2009 on the Internet at http://www.bls.gov/opub/ted/2009/jun/wk3/art01.htm (visited May 28, 2016).
Recent editions of Spotlight on Statistics
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.