Import prices fall in October
November 09, 2000
The U.S. Import Price Index fell 0.5 percent in October. The decrease was attributable to a decline in petroleum import prices.
The 0.5 percent decrease in the import price index in October followed five consecutive monthly increases. Imported petroleum prices declined 3.2 percent, after an increase of 11.0 percent in September. Despite the recent drop, petroleum prices rose 43.1 percent for the year ended in October.
Nonpetroleum import prices, on average, continued to register little movement and were unchanged in October, after dipping 0.2 percent in September. From October 1999 to October 2000, nonpetroleum import prices rose 1.1 percent. During the same 12-month period, the price index for all imports—led by the rise in petroleum prices—advanced 5.5 percent.
These data are a product of the BLS International Price program. Learn more in "U.S. Import and Export Price Indexes - October 2000," news release USDL 00-329. 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 prices fall in October on the Internet at http://www.bls.gov/opub/ted/2000/nov/wk1/art04.htm (visited November 27, 2015).
Recent editions of Spotlight on Statistics
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.