Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Import prices in July 2008

August 14, 2008

Import prices increased 1.7 percent in July after rising between 2.8 and 3.1 percent in each of the previous four months. Prices for overall imports jumped 21.6 percent for the year ended in July, the largest 12-month increase for the index since first publication in September 1982.

Over-the-month percent change in price index for imports, July 2007-July 2008 (not seasonally adjusted)
[Chart data—TXT]

Petroleum prices continued to trend upward, although the 4.0-percent advance in July was comparatively smaller than the average monthly increases recorded between February and June when petroleum prices rose 42.1 percent overall. The price index for petroleum advanced 79.2 percent over the past year.

Nonpetroleum prices also contributed to the July increase in overall import prices, rising 0.9 percent for the second consecutive month. Prices for nonpetroleum imports increased 8.0 percent over the past 12 months.

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 -- July 2008," (PDF) (HTML) news release USDL 08-1143.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices in July 2008 at https://www.bls.gov/opub/ted/2008/aug/wk2/art04.htm (visited March 29, 2024).

OF INTEREST
spotlight
Recent editions of Spotlight on Statistics


triangle