Import prices in March 2007

April 13, 2007

The U.S. Import Price Index rose 1.7 percent in March. The increase followed a 0.1-percent rise in February and was led by an increase in petroleum prices.

Over-the-month percent change in price index for imports, March 2006–March 2007 (not seasonally adjusted)
[Chart data—TXT]

The price index for petroleum increased 9.0 percent in March following a 0.6-percent rise in February, and was the largest one-month jump since April 2006. The two consecutive advances in petroleum prices followed declines in four of the previous five months. Petroleum prices increased 2.4 percent over the past year.

Nonpetroleum prices increased 0.3 percent in March, following a modest 0.1-percent advance in February. The price index for nonpetroleum imports increased 2.9 percent over the past 12 months while overall import prices advanced 2.8 percent for the same period.

The March increase in nonpetroleum prices was led by a 1.3-percent advance in prices for industrial supplies and materials. The increase in industrial supplies and materials was driven by higher metals and natural gas prices. The price index for unfinished metals increased 2.4 percent in March and 25.3 percent over the past 12 months.

Export prices rose 0.7 percent for the second consecutive month, as both agricultural prices and nonagricultural prices contributed to the advance. Agricultural prices increased 2.1 percent for the month and 20.2 percent over the past year. Higher corn, vegetables, meat, and wheat prices all contributed to the increase. Nonagricultural prices rose 0.6 percent for the month and 4.2 percent for the year ended in March. Overall export prices rose 5.3 percent for the March 2006-2007 period, the largest 12-month increase since September 1995.

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 - March 2007" (PDF) (TXT), news release USDL 07-0526.


Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices in March 2007 on the Internet at (visited September 29, 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.