Continued downward trend in import prices
July 13, 2001
The U.S. Import Price Index decreased 0.5 percent in June. The decline, the fourth in the past five months, was attributable to falling prices for both petroleum and nonpetroleum imports.
The 1.3 percent decrease in petroleum prices in June followed a 4.6 percent rise in the previous month. Nonpetroleum import prices also declined in June, down 0.4 percent, the fifth consecutive monthly decrease.
The decline in overall import prices in June continued a downward trend for this index, which has increased only once since September 2000.
Over the past 12 months, imported petroleum prices fell 12.7 percent, and prices for nonpetroleum imports decreased 1.1 percent. Over the same time period, the price index for overall imports declined 2.6 percent.
These data are a product of the BLS International Price program. Learn more in "U.S. Import and Export Price Indexes - June 2001," news release USDL 01-212. 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, Continued downward trend in import prices on the Internet at https://www.bls.gov/opub/ted/2001/july/wk2/art05.htm (visited January 23, 2021).
Recent editions of Spotlight on Statistics
- Occupational Employment and Wages in Metro and Nonmetro Areas
Examines similarities and differences in employment and wages between metro and nonmetro areas.
- Gulf War Era Veterans in the Labor Force
Examines the demographic, employment, and unemployment characteristics of civilians who served in the U.S. military during Gulf War era.
- 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.