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 April 24, 2017).
Recent editions of Spotlight on Statistics
STEM occupations: past, present, and future
A look at employment and wages in science, technology, engineering, and mathematics occupations.
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.