Consumer durables prices dropped in 2001
May 28, 2002
In 2001, prices paid by consumers for durable commodities decreased 1.3 percent—the fourth drop in five years. Nondurables prices also fell in 2001, for the first time since 1986.
Examples of consumer durables are furniture, televisions, new vehicles, and personal computers. Furniture prices were down by 3.1 percent and television prices down by 10.8 percent last year. Prices of new vehicles declined 0.1 percent and prices of personal computers and peripheral equipment fell by 30.7 percent.
Nondurable commodities include apparel and energy commodities such as gasoline and fuel oil. Prices for apparel fell 3.2 percent in 2001 and the price index for energy commodities dropped 24.5 percent.
These data are produced by the BLS Consumer Price Index program. Annual percent changes are December-to-December changes. For additional information on consumer price changes in 2001, see "Consumer inflation lower in 2001: energy and apparel prices declined," by Todd Wilson, Monthly Labor Review, March 2002.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer durables prices dropped in 2001 on the Internet at http://www.bls.gov/opub/ted/2002/may/wk3/art05.htm (visited November 21, 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.