February rise in import prices largest since 1990
March 16, 2000
The U.S. Import Price Index rose 1.9 percent in February. The increase—the largest since October 1990—was primarily led by higher prices for imported petroleum products.
Prices for petroleum imports surged 13.9 percent in February, the largest monthly jump in this component since last April. Non-petroleum import prices rose 0.3 percent in February.
Overall, import prices have risen 9.0 percent for the year ended February. The petroleum index has increased for twelve consecutive months and has advanced 168.4 percent over the past year. In contrast, the non-petroleum index increased 0.1 percent during the February 1999-2000 period.
These data are a product of the BLS International Price program. Learn more in "U.S. Import and Export Price Indexes - February 2000," news release USDL 00-76. Note: import price data are subject to revision in each of the three months after original publication.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, February rise in import prices largest since 1990 on the Internet at https://www.bls.gov/opub/ted/2000/mar/wk2/art04.htm (visited September 27, 2020).
Recent editions of Spotlight on Statistics
- Using BLS Data to Match People with Disabilities with Jobs Presents data that can help increase access and opportunity for people with disabilities in the nation’s labor market.
- How Women and Aging Affect Trends in Labor Force Growth Examines how women’s labor force participation and the aging of the U.S. population affect trends in labor force growth.
- Meal Appeal: Patterns of Expenditures on Food away from Home
Examines spending on food away from home, such as meals or snacks from restaurants, vending machines, employer cafeterias, or other venues.
- Job Flexibilities and Work Schedules in 2017–18
Examines data on job flexibilities, such as working at home, flexible schedules, and shift work.