Import prices down again in November

December 13, 2001

The U.S. Import Price Index decreased 1.6 percent in November. The decline followed a 2.4-percent decrease in October and reflected continuing drops in both petroleum and nonpetroleum prices.

Over-the-month percent change in price index for imports, November 2000-November 2001 (not seasonally adjusted)
[Chart data—TXT]

The sharp declines for overall imports in the past two months were led by falling prices for petroleum and petroleum products. This index fell 10.8 percent in November, after falling 15.9 percent in October. The index for nonpetroleum import prices also fell in October and November, down 0.6 percent in each month.

The decline for imported goods for the 12 months ended in November was 8.9 percent. Over the past 12 months, petroleum prices fell 40.8 percent. The nonpetroleum index has decreased in 10 consecutive months and was down 3.6 percent for the year.

These data are a product of the BLS International Price program. Learn more in "U.S. Import and Export Price Indexes - November 2001," news release USDL 01-465. Note: import price data are subject to revision in each of the three months after original publication.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices down again in November on the Internet at http://www.bls.gov/opub/ted/2001/dec/wk2/art04.htm (visited August 28, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • Employment and Wages in Healthcare Occupations
    Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.

  • 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.