Import prices decline again in September 2008
October 14, 2008
Import prices fell 3.0 percent in September, the largest one-month decline since April 2003. Despite the 5.5-percent drop over August and September, the largest two-month decline since the index was first published monthly in December 1988, import prices were still up 14.5 percent over the past year.
The September decrease in import prices was led by a 9.0-percent decline in petroleum prices, the largest monthly drop since October 2006. The September decline in petroleum prices followed an 8.2-percent decrease in August; however, the index still rose 47.1 percent over the past 12 months.
Nonpetroleum import prices also fell in September, declining 0.9 percent after a 0.5-percent drop in August. Prices for nonpetroleum imports rose 6.5 percent for the year ended in September.
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 -- September 2008," (PDF) (HTML) news release USDL 08-1424.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices decline again in September 2008 on the Internet at https://www.bls.gov/opub/ted/2008/oct/wk2/art01.htm (visited February 25, 2020).
Recent editions of Spotlight on Statistics
- Labor Market Activity of Blacks in the United States
Examines data on the labor market and related topics for the Black or African American population.
- Workers’ Access to and Use of Leave from Their Jobs in 2017–18
Examines the reasons for which workers can take leave, their use of leave, and the reasons they did not take available leave even when they needed to.
- A look at employment and wages in U.S. establishments with foreign ownership
Examines employment and wages in U.S. establishments that have at least one foreign owner with at least 10 percent ownership.
- 25 years of Worker Injury, Illness, and Fatality Case Data
Examines detailed historical data on work-related injuries, illnesses, and fatal injuries.