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November 2006

Import price rise in 2005 due to continued high energy prices

Jeffrey Bogen

The Bureau of Labor Statistics' International Price Program tracks price trends for transactions of products and selected services between domestic and foreign parties. This article provides analysis of these price trends during 2005. The rise in energy prices influenced the overall increase for import prices and the rise in soybean prices led the increase in agricultural export prices; Hurricanes Katrina and Rita caused short-term shocks to prices.

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