The U.S. Import Price Index increased 0.7 percent in September following a 0.3-percent rise in August. The increase was the sixth monthly gain in the past seven months.
Petroleum prices were up 6.0 percent last month after gaining 2.8 percent in August and 3.8 percent in July. The petroleum index, which increased in eight of the past nine months, has advanced 61.1 percent since December 2001. The price index for nonpetroleum imports also rose in September, increasing 0.2 percent after no change in August.
Led by the continued rise in agricultural export prices, the index for overall exports rose 0.2 percent in September.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import and export prices advance in September at https://www.bls.gov/opub/ted/2002/oct/wk1/art05.htm (visited November 27, 2022).