Import prices decline again in September 2008
October 14, 2008
Import prices fell 3.0 percent in September, the largest one-month decline since April 2003. Despite the 5.5-percent drop over August and September, the largest two-month decline since the index was first published monthly in December 1988, import prices were still up 14.5 percent over the past year.
The September decrease in import prices was led by a 9.0-percent decline in petroleum prices, the largest monthly drop since October 2006. The September decline in petroleum prices followed an 8.2-percent decrease in August; however, the index still rose 47.1 percent over the past 12 months.
Nonpetroleum import prices also fell in September, declining 0.9 percent after a 0.5-percent drop in August. Prices for nonpetroleum imports rose 6.5 percent for the year ended in September.
These data are from the BLS International Price program. Import price data are subject to revision. Learn more in "U.S. Import and Export Price Indexes -- September 2008," (PDF) (HTML) news release USDL 08-1424.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices decline again in September 2008 on the Internet at http://www.bls.gov/opub/ted/2008/oct/wk2/art01.htm (visited June 26, 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.