Import prices up again in May 2006
June 12, 2006
The U.S. Import Price Index advanced 1.6 percent in May 2006. This followed a 2.1-percent increase in April, and marked the largest 2-month jump for the index since October 1990.
A 5.2-percent rise in petroleum prices and a 0.6-percent advance in nonpetroleum prices both contributed to the overall increase in May.
The advance in petroleum prices was the third consecutive monthly increase for the index, but was less than half the 11.5-percent jump recorded in April. Petroleum prices rose 45.7 percent for the year ended in May.
The 0.6-percent increase in nonpetroleum prices last month was the largest monthly change since October and followed a comparatively modest 0.1-percent advance in April. Over the past 12 months nonpetroleum import prices rose 1.5 percent while overall import prices rose 8.3 percent.
Export prices increased for the sixth consecutive month, rising 0.7 percent in May following a 0.6-percent advance in April. Higher nonagricultural prices and a turnaround in agricultural prices both contributed to the May increase.
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 2006" (PDF) (TXT), news release USDL 06-994.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices up again in May 2006 on the Internet at http://www.bls.gov/opub/ted/2006/jun/wk2/art01.htm (visited October 28, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.