Import prices in July 2008
August 14, 2008
Import prices increased 1.7 percent in July after rising between 2.8 and 3.1 percent in each of the previous four months. Prices for overall imports jumped 21.6 percent for the year ended in July, the largest 12-month increase for the index since first publication in September 1982.
Petroleum prices continued to trend upward, although the 4.0-percent advance in July was comparatively smaller than the average monthly increases recorded between February and June when petroleum prices rose 42.1 percent overall. The price index for petroleum advanced 79.2 percent over the past year.
Nonpetroleum prices also contributed to the July increase in overall import prices, rising 0.9 percent for the second consecutive month. Prices for nonpetroleum imports increased 8.0 percent over the past 12 months.
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 -- July 2008," (PDF) (HTML) news release USDL 08-1143.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices in July 2008 on the Internet at https://www.bls.gov/opub/ted/2008/aug/wk2/art04.htm (visited September 24, 2020).
Recent editions of Spotlight on Statistics
- 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.
- Job Flexibilities and Work Schedules in 2017–18
Examines data on job flexibilities, such as working at home, flexible schedules, and shift work.