Import prices in November
December 13, 2007
The U.S. Import Price Index increased 2.7 percent in November 2007.
The increase was the largest monthly advance since October 1990 and was led by a 9.8-percent rise in petroleum prices.
Over the past 12 months, the price index for petroleum imports was up 53.0 percent, while overall import prices increased 11.4 percent, the largest annual advance since the index was first published in September 1982.
While the rise in petroleum prices was the largest contributor to the November increase, nonpetroleum prices also advanced, rising 0.7 percent. The increase in nonpetroleum prices in November followed a 0.5-percent rise in October. Nonpetroleum prices advanced 3.0 percent over the past year.
These data are from the BLS International Price program. Import price data are subject to revision. Learn more in "U.S. Import and Export Price Indexes -- November 2007" (PDF) (TXT), news release USDL 07-1884.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices in November on the Internet at https://www.bls.gov/opub/ted/2007/dec/wk2/art04.htm (visited October 22, 2020).
Recent editions of Spotlight on Statistics
- 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.
- Meal Appeal: Patterns of Expenditures on Food away from Home
Examines spending on food away from home, such as meals or snacks from restaurants, vending machines, employer cafeterias, or other venues.