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 June 28, 2016).
Recent editions of Spotlight on Statistics
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.
- A look at pay at the top, the bottom, and in between
The Spotlight examines how earnings and wages have changed over time and how they differ within a geographic area, industry, or occupation.