Import prices in January 2007
February 16, 2007
The U.S. Import Price Index decreased 1.2 percent in January.
The decline followed a 1.1-percent rise in December and was led by a 7.3-percent downturn in petroleum prices. Petroleum prices resumed a recent downward pattern after increasing 4.6 percent in December.
Nonpetroleum prices were unchanged in January after a 0.5-percent advance the previous month. Prices for nonpetroleum imports rose 1.6 percent over the 12 months ended n January.
Changes in prices for nonpetroleum imports were highlighted by a turnaround in the index for nonpetroleum industrial supplies and materials prices, which declined 1.0 percent. The January decrease followed increases of 1.7 percent and 4.1 percent, respectively, in December and November.
Export prices increased 0.3 percent in January as higher prices for both agricultural and nonagricultural exports contributed to the rise. The advance in the prices for overall exports followed increases of 0.7 percent and 0.4 percent, respectively, in December and November. For the year ended in January, export prices rose 4.1 percent.
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 - January 2007," (PDF) (TXT) news release USDL 07-0246.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices in January 2007 on the Internet at http://www.bls.gov/opub/ted/2007/feb/wk2/art05.htm (visited May 22, 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.