Oil import prices advance in August
September 12, 2003
The U.S. Import Price Index increased 0.2 percent in August. The advance was attributable to a continued rise in petroleum prices, which more than offset a decline in prices for nonpetroleum imports.
The 0.2 percent rise in import prices in August followed increases of 0.5 percent in July and 0.8 percent in June. The increase continued to be led by higher prices for imported petroleum, which rose 3.9 percent. Petroleum prices were up 14.0 percent over the past three months and 13.6 percent for the year ended in August. Partially offsetting last month’s increase in petroleum prices, the price index for nonpetroleum imports fell 0.2 percent after having been flat in July and up 0.4 percent in June.
For the August 2002-2003 period, nonpetroleum import prices were up 0.8 percent. Overall import prices rose 2.1 percent over the same period.
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 - August 2003" (PDF) (TXT), news release USDL 03-470.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Oil import prices advance in August on the Internet at http://www.bls.gov/opub/ted/2003/sept/wk2/art05.htm (visited September 01, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
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.