Import prices up in December
January 15, 2003
The U.S. Import Price Index increased 0.7 percent in December. The increase was largely attributable to an upturn in petroleum prices.
The index for imports, which recorded only two monthly decreases in 2002, resumed an upward trend in December. Led by volatile petroleum prices, overall import prices rose 0.7 percent last month after falling 1.0 percent in November.
The petroleum index, which had decreased in the previous two months, rose 7.4 percent in December. Last month’s increase was the largest since the index rose 12.7 percent in April. The price index for nonpetroleum imports also increased in December, edging up 0.1 percent after dipping the same amount in November.
The Export Price Index decreased 0.2 percent in December, after rising 0.1 percent in the previous month.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices up in December on the Internet at https://www.bls.gov/opub/ted/2003/jan/wk2/art03.htm (visited September 24, 2017).
Recent editions of Spotlight on Statistics
Expenditures on Admissions to the Arts, Movies, Sporting Events, and Other Entertainment
A look at consumer spending and attendance at arts, sports, and entertainment events.
Profile of the labor force by educational attainment
A look at the educational attainment of the U.S. labor force and how it has changed over time.
Women in the workforce before, during, and after the Great Recession
A look at trends and projections in the labor force participation of women from the 1950s to 2024.
Employer-sponsored healthcare coverage across wage groups
A look at the relationship between employee wages and access to, participation in, and costs of employer-sponsored medical, dental, and vision care benefit plans.