Export prices in January 2009
February 27, 2009
Export prices rose 0.5 percent in January after declining in each of the previous five months.
The increase was driven by a 6.2-percent rise in agricultural prices as nonagricultural prices were unchanged. The rise in agricultural prices followed decreases in four of the previous five months. Higher prices for corn, soybeans, and wheat accounted for the increase in January. Despite the January increase, agricultural prices fell 9.7 percent over the past 12 months.
Nonagricultural prices recorded no change in January after falling in each of the previous five months. The price index for nonagricultural exports declined 2.9 percent for the year ended in January, the largest 12-month decrease since a 2.9-percent drop for the February 2001-2002 period. Similarly, overall export prices fell 3.6 percent over the past year, the largest 12-month decrease since the index fell 3.8 percent for the year ended in November 1998.
These data are from the BLS International Price program. Export 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, Export prices in January 2009 on the Internet at http://www.bls.gov/opub/ted/2009/feb/wk4/art05.htm (visited April 29, 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.