Petroleum import prices fell 55 percent in past 12 months
February 19, 2009
Petroleum import prices fell 69.1 percent over the past six months and 55.0 percent over the past year, the largest 12-month decline since the index was first published in June 1982.
For the sixth consecutive month, petroleum import prices and nonpetroleum import prices decreased, falling 2.4 percent and 0.8 percent, respectively, in January 2009. Prices for overall imports fell 1.1 percent in January.
However, prices for both overall imports and petroleum decreased at a smaller rate in January than in each of the previous five months since prices last rose in July.
Nonpetroleum prices decreased 5.7 percent over the past six months and 0.6 percent over the past year.
Overall, import prices fell 12.5 percent for the year ended in January, the largest 12-month decline since the index was first published in September 1982.
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 – January 2009" (PDF) (HTML), news release USDL 09-0169.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Petroleum import prices fell 55 percent in past 12 months on the Internet at http://www.bls.gov/opub/ted/2009/feb/wk3/art03.htm (visited December 04, 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.