Import prices advance in January
February 14, 2003
The U.S. Import Price Index increased 1.5 percent in January, after rising 0.6 percent in December. The increase was primarily attributable to a continued rise in petroleum prices.
The 1.5-percent increase in overall import prices last month was the largest advance since the index rose 1.6 percent in April 2002. Over the past 12 months, the index increased 5.5 percent.
Prices for imported petroleum rose 12.4 percent in January after a 6.2-percent increase in December. Petroleum prices jumped 68.6 percent from January 2002 to January 2003, and are at the highest level since November 2000. The price index for nonpetroleum imports was up 0.2 percent for the second consecutive month in January, and 0.6 percent over the past year.
In January, the Export Price Index increased 0.4 percent after declining 0.2 percent in December.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices advance in January on the Internet at http://www.bls.gov/opub/ted/2003/feb/wk2/art05.htm (visited August 30, 2016).
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.