Export prices in January 2008
February 20, 2008
U.S. export prices advanced 1.2 percent in January following a 0.4-percent rise in December.
The 1.2-percent increase in export prices was the largest one-month gain in the index since a 1.2-percent increase in January 1989. Higher prices for both agricultural exports and nonagricultural exports contributed to the advance.
Agricultural prices rose 5.0 percent in January after a 2.8-percent increase in December. Higher prices for corn and soybeans drove the increase in agricultural prices. Over the past 12 months, the price index for agricultural exports rose 28.9 percent.
Nonagricultural prices also increased in January, rising 0.8 percent following a 0.3-percent advance in December. The index rose 4.8 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 -- January 2008" (PDF) (HTML), news release USDL 08-0205.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Export prices in January 2008 on the Internet at https://www.bls.gov/opub/ted/2008/feb/wk3/art02.htm (visited January 18, 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.