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Import prices up in March 2009

April 10, 2009

Import prices increased in March for the first time since July, advancing 0.5 percent after edging down 0.1 percent in February.

Over-the-month percent change in price index for imports, March 2008-March 2009 (not seasonally adjusted)
[Chart data—TXT]

The March advance was led by a 10.5-percent rise in petroleum prices. The price index for petroleum increased for the second consecutive month after falling 69.2 percent from July through January.

In contrast, nonpetroleum prices decreased for the eighth consecutive month, falling 0.7 percent in March. For the year ended in March, petroleum prices fell 52.0 percent and prices for nonpetroleum imports declined 3.7 percent.

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 – March 2009" (PDF) (HTML), news release USDL 09-0363.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices up in March 2009 on the Internet at https://www.bls.gov/opub/ted/2009/apr/wk1/art05.htm (visited February 16, 2020).

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