Import prices up in June 2009

July 13, 2009

U.S. import prices increased 3.2 percent in June, the largest monthly advance since a 3.2-percent rise in November 2007. Import prices have risen for each of the past four months but decreased overall for the year ended in June, declining 17.4 percent.

Over-the-month percent change in price index for imports, June 2008-June 2009 (not seasonally adjusted)
[Chart data—TXT]

The June increase in import prices was driven by a 20.3-percent jump in petroleum prices, the largest monthly advance for that index since a 20.5-percent increase in April 1999. Petroleum prices have risen 69.5 percent since January but, despite the recent advances, fell 45.9 percent over the past 12 months.

Nonpetroleum import prices ticked up 0.2 percent in June, and decreased 6.5 percent over the past year. The advance in nonpetroleum prices was led by a 0.7-percent increase in the price index for nonpetroleum industrial supplies and materials.

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 – June 2009" (HTML) (PDF), news release USDL 09-0779.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices up in June 2009 on the Internet at http://www.bls.gov/opub/ted/2009/jul/wk2/art01.htm (visited July 29, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • 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.