Import Price Index posts first decline since June 1999
May 12, 2000
The U.S. Import Price Index decreased 1.6 percent in April. The decrease, the first since June 1999, was attributable to a large downturn in petroleum prices.
The 1.6-percent decrease in import prices in April was the largest since December 1992. The decline was attributable to a 12.7-percent drop in petroleum prices in April, the largest decrease posted for this index since it fell 13.3 percent in December 1998. Despite the decrease, imported petroleum prices are still 143.9 percent higher than 16 months ago.
Nonpetroleum import prices continued to move higher in April, edging up 0.1 percent. Over the past year, the nonpetroleum index increased 1.3 percent.
The overall import price index rose 6.3 percent from April 1999 to April 2000.
These data are a product of the BLS International Price program. Learn more in "U.S. Import and Export Price Indexes - April 2000," news release USDL 00-135. Note: import price data are subject to revision in each of the three months after original publication.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import Price Index posts first decline since June 1999 on the Internet at http://www.bls.gov/opub/ted/2000/may/wk2/art05.htm (visited April 01, 2015).
Three recent editions of Spotlight on Statistics
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.