The U.S. Import Price Index increased 0.3 percent in September. The increase followed three consecutive monthly declines and was primarily attributable to a rise in petroleum prices.
The index covering all import prices rose for the second time in the past 12 months. Over the past year, the index dropped 5.2 percent.
The September advance was led by a 2.6 percent increase in prices for imported petroleum, which had gained 1.7 percent in August. Despite the recent gains, petroleum prices fell 21.1 percent over the past 12 months.
Meanwhile, nonpetroleum import prices recorded no change in September, after declining for seven consecutive months. The index declined 2.6 percent over the year.
These data are a product of the BLS International Price program. Learn more in "U.S. Import and Export Price Indexes - September 2001," news release USDL 01-346. Note: import price data are subject to revision in each of the three months after original publication.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices up in September at https://www.bls.gov/opub/ted/2001/oct/wk2/art04.htm (visited January 29, 2023).