Import prices decline in June
July 11, 2002
The U.S. Import Price Index decreased 0.6 percent in June. The decline was attributable to a turnaround in prices for imported petroleum, which were down 6.6 percent in June.
The drop in the price index for imported petroleum was the first decline in this component since December 2001; during the first five months of 2002, the index had jumped 47.1 percent. For the 12 months ended in June, however, petroleum prices were down 7.9 percent.
The June increase in the price index for nonpetroleum imports was the third rise over the past four months. For the year ended in June, however, the index was down 2.6 percent.
These data are a product of the BLS International Price program. Learn more in "U.S. Import and Export Price Indexes - June 2002," (PDF) (TXT) news release USDL 02-385. 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 decline in June on the Internet at http://www.bls.gov/opub/ted/2002/jul/wk2/art04.htm (visited December 19, 2014).
Three recent editions of Spotlight on Statistics
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.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.