Import prices down for third consecutive month
January 11, 2002
The U.S. Import Price Index decreased 0.9 percent in December. The decline followed drops of 1.4 percent and 2.3 percent in November and October, respectively.
The 0.9 percent decrease in prices for imported goods in December continued a year-long downward trend; prices have dropped 4.5 percent over the past three months alone. The ongoing sharp decline for overall imports continued to be led by falling prices for petroleum products, which fell 6.3 percent in December and have fallen 29.7 percent since September 2001. Over the past 12 months, petroleum prices have decreased 38.5 percent.
The index for nonpetroleum import prices also fell in December, down 0.3 percent. This index has decreased in 11 consecutive months and was down 4.4 percent for the year—the largest calendar year decrease for this index since publication began in 1985.
These data are a product of the BLS International Price program. Learn more in "U.S. Import and Export Price Indexes - December 2001," news release USDL 02-20. 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 down for third consecutive month on the Internet at https://www.bls.gov/opub/ted/2002/jan/wk1/art05.htm (visited April 24, 2017).
Recent editions of Spotlight on Statistics
STEM occupations: past, present, and future
A look at employment and wages in science, technology, engineering, and mathematics occupations.
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.