Export prices in March 2008
April 15, 2008
Export prices rose 1.5 percent in March, after advancing 1.1 percent and 1.2 percent for the prior two months.
The rise in the export price index in March was the largest one-month increase for the index since overall export prices were first published monthly in December 1988. The index advanced 7.9 percent over the past year, the largest 12-month advance since an 8.7-percent increase for the September 1987-88 period.
Both the monthly and annual increases were driven by higher agricultural prices, up 4.1 percent in March and 33.4 percent over the past 12 months. Soybeans and corn prices were the largest contributors to the March increases, rising 9.6 percent and 7.9 percent, respectively. In contrast, the increase over the past year was led by a 145.2-percent jump in wheat prices.
Nonagricultural prices advanced 1.2 percent in March which was the largest monthly rise since October 1990. The index increased 5.6 percent over the past year.
These data are from the BLS International Price program. Export price data are subject to revision. Learn more in "U.S. Import and Export Price Indexes -- March 2008" (PDF) (HTML), news release USDL 08-0457.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Export prices in March 2008 on the Internet at https://www.bls.gov/opub/ted/2008/apr/wk2/art02.htm (visited January 22, 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.