Import prices in February
March 15, 2002
The U.S. Import Price Index decreased 0.1 percent in February 2002. The decline followed a 0.4-percent increase in January and was attributable to a decline in nonpetroleum prices.
In February, prices for imported goods resumed a long-term downward trend, as the 0.1-percent decline marked the eighth decrease in the past nine months. The February drop was the result of falling nonpetroleum prices, which outweighed petroleum price gains. Prices for nonpetroleum imports resumed a downward trend in February, falling 0.5 percent after edging up 0.1 percent in January.
The nonpetroleum index had dropped in each of the prior 11 months and was down 5.0 percent during the year ended in February. Petroleum prices rose for the second straight month, increasing 2.9 percent in February after rising 5.3 percent in January. Despite the recent increases, petroleum prices fell 30.4 percent over the February 2001-2002 period. Overall import prices also fell for the year ended in February, down 8.2 percent.
These data are a product of the BLS International Price program. Learn more in "U.S. Import and Export Price Indexes - February 2002," news release USDL 02-130. 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 in February on the Internet at http://www.bls.gov/opub/ted/2002/mar/wk2/art05.htm (visited December 18, 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.