Import prices up again in August 2005
September 12, 2005
The price index for U.S. imports increased 1.3 percent in August. Rising petroleum prices led the increase for the third consecutive month.
Following the pattern of the prior two months, the August increase was driven by higher petroleum prices, which rose 7.1 percent. August marked the third consecutive month that the price index for petroleum imports recorded its highest level since the index was first published in 1982. Petroleum prices rose 42.5 percent over the past 12 months.
Nonpetroleum prices were unchanged in August after decreasing 0.2 percent in each of the three preceding months. Despite those recent declines, nonpetroleum prices increased 1.8 percent for the year ended in August.
Prices of exports declined for the third time in the past four months, edging down 0.1 percent in August. Prices for both agricultural and nonagricultural exports contributed to the August decline, decreasing 0.6 percent and 0.1 percent, respectively.
These data are from the BLS International Price program. Import and export price data are subject to revision. Learn more in "U.S. Import and Export Price Indexes - August 2005" (PDF) (TXT), news release USDL 05-1676. Note: Hurricane Katrina struck Florida and the Gulf Coast after the August survey reference period and therefore did not affect the August import and export price indexes.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices up again in August 2005 on the Internet at https://www.bls.gov/opub/ted/2005/sept/wk2/art01.htm (visited January 19, 2018).
Recent editions of Spotlight on Statistics
Industry on Tap: Breweries
A look at employment, wages, and job safety in breweries and producer prices for beer.
Differences in Parents’ Time Use between the Summer and the School Year
A look at how parents of school-age children spend their time in the summer and the school year.
Hispanics in the United States: Celebrating National Hispanic Heritage Month
A look at employment, earnings, consumer spending, time use, and workplace injuries and illnesses for the Hispanic or Latino U.S. population.
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.