Import prices drop, export prices rise in May
June 13, 2003
The U.S. Import Price Index decreased 0.3 percent in May, following a record decline of 3.0 percent in April. The U.S. Export Price Index edged up 0.1 percent in May, after declining 0.1 percent the previous month.
The price index for imported petroleum dipped 1.1 percent in May. The price index for nonpetroleum imports decreased 0.2 percent, led by a 0.5-percent drop in prices for nonpetroleum industrial supplies and materials and a 0.4-percent decrease in the price index for imported capital goods. In contrast, prices for imported automotive vehicles edged up in May, increasing 0.1 percent.
Increasing prices for agricultural exports more than offset a small decline in nonagricultural export prices. The price index for agricultural exports increased 2.4 percent in May and was led by higher soybean, wheat, corn, and meat prices. Prices for nonagricultural exports declined 0.1 percent last month as lower prices for industrial supplies and materials and for automotive vehicles more than offset a small increase in prices for capital goods.
These data are from the BLS International Price program. Import and export price data are subject to revision. Learn more in "U.S. Import and Export Price Indexes - May 2003" (PDF) (TXT), news release USDL 03-298.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices drop, export prices rise in May on the Internet at http://www.bls.gov/opub/ted/2003/jun/wk2/art05.htm (visited October 20, 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.