Import prices down in February 2006
March 16, 2006
The U.S. Import Price Index declined 0.5 percent in February following a 1.4-percent increase in January.
Decreases for both nonpetroleum prices and petroleum prices, down 0.5 percent and 0.7 percent, respectively, contributed to the overall downward movement in import prices. In contrast to the first three quarters of 2005, petroleum prices declined in four of the past five months, the exception being a 6.9-percent increase in January.
The February decrease in nonpetroleum prices was led by a 2.2-percent decline in the price index for nonpetroleum industrial supplies and materials. That decrease in turn was led by a sharp drop in natural gas prices. Excluding all fuels, import prices increased 0.2 percent and prices for industrial supplies and materials rose 1.4 percent.
Export prices were unchanged in February as a 1.1-percent decline in agricultural prices offset a 0.1-percent uptick in the price index for nonagricultural exports.
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 - February 2006" (PDF) (TXT), news release USDL 06-458.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices down in February 2006 on the Internet at https://www.bls.gov/opub/ted/2006/mar/wk2/art04.htm (visited January 28, 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.