Export prices in March 2008
April 15, 2008
Export prices rose 1.5 percent in March, after advancing 1.1 percent and 1.2 percent for the prior two months.
The rise in the export price index in March was the largest one-month increase for the index since overall export prices were first published monthly in December 1988. The index advanced 7.9 percent over the past year, the largest 12-month advance since an 8.7-percent increase for the September 1987-88 period.
Both the monthly and annual increases were driven by higher agricultural prices, up 4.1 percent in March and 33.4 percent over the past 12 months. Soybeans and corn prices were the largest contributors to the March increases, rising 9.6 percent and 7.9 percent, respectively. In contrast, the increase over the past year was led by a 145.2-percent jump in wheat prices.
Nonagricultural prices advanced 1.2 percent in March which was the largest monthly rise since October 1990. The index increased 5.6 percent over the past year.
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 -- March 2008" (PDF) (HTML), news release USDL 08-0457.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Export prices in March 2008 on the Internet at https://www.bls.gov/opub/ted/2008/apr/wk2/art02.htm (visited January 23, 2018).
Recent editions of Spotlight on Statistics
Industry on Tap: Breweries
A look at employment, wages, and job safety in breweries and producer prices for beer.
Differences in Parents’ Time Use between the Summer and the School Year
A look at how parents of school-age children spend their time in the summer and the school year.
Hispanics in the United States: Celebrating National Hispanic Heritage Month
A look at employment, earnings, consumer spending, time use, and workplace injuries and illnesses for the Hispanic or Latino U.S. population.
Expenditures on Admissions to the Arts, Movies, Sporting Events, and Other Entertainment
A look at consumer spending and attendance at arts, sports, and entertainment events.