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The U.S. Import Price Index decreased 0.4 percent in January. The decline followed a 0.8-percent decrease in the previous month and was largely attributable to a drop in petroleum prices.
The January decrease for overall import prices was led by a 5.0-percent decline for imported petroleum prices, which had dropped 10.8 percent in the previous month. The index for nonpetroleum import prices rose 0.3 percent in January, following a 0.9-percent increase in the previous month.
Overall import prices rose 2.3 percent for the 12 months ended in January.
These data are a product of the BLS International Price program. Learn more in "U.S. Import and Export Price Indexes - January 2001," news release USDL 01-43. 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, Import prices fall again at https://www.bls.gov/opub/ted/2001/feb/wk2/art05.htm (visited April 01, 2023).