Sharp drop in import prices in October
November 09, 2001
The U.S. Import Price Index decreased 2.4 percent in October. The decline, the largest since the Bureau began monthly publication of this index in 1989, was primarily attributable to a sharp decrease in petroleum prices.
October's decline in import prices was led by a 15.7-percent fall in the price index for petroleum and petroleum products, the biggest decline in this component since 1991. Meanwhile, the index for nonpetroleum import prices also fell in October, down 0.4 percent.
The overall decrease in import prices for the 12 months ended in October was 7.4 percent. From October 2000 to October 2001, the petroleum index dropped 32.5 percent. The nonpetroleum index dropped 3.1 percent from October 2000 to October 2001.
Despite the disruption in the metropolitan Washington mail service, response rates for October were not appreciably different from normal levels.
These data are a product of the BLS International Price program. Learn more in "U.S. Import and Export Price Indexes - October 2001," news release USDL 01-403. 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, Sharp drop in import prices in October on the Internet at http://www.bls.gov/opub/ted/2001/nov/wk1/art05.htm (visited October 21, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.