February 18, 2005
Prices for imports from the European Union increased 1.3 percent in January 2005, which was the largest monthly gain for the index since January 2004. European import prices were up 6.8 percent over the past 12 months.
The price indexes for imports from Mexico and from Canada both rose last month, increasing 0.8 percent and 0.3 percent, respectively. For the year ended in January, import prices from Mexico were up 4.1 percent and prices of imports from Canada increased 10.3 percent.
In contrast, import prices from Japan and from China declined in January, decreasing 0.2 percent and 0.1 percent, respectively. Over the past year, import prices from Japan were up 0.7 percent, whereas prices for imports from China fell 0.7 percent.
These data on import prices are from the BLS International Price program. For additional information on prices of imports and exports, see "U.S. Import and Export Price Indexes, January 2005" (PDF) (TXT), news release USDL 05-265. Data are subject to revision. With this news release, the list of localities for the Import Price Indexes by Locality of Origin has been expanded to include the following areas: France, Germany, the United Kingdom, Mexico, the Pacific Rim, China, the Association of Southeast Asian Nations, and the Asia Near East Countries. Each new index series has been published back to December 2003, which equals 100.