Economic News Release

U.S. Import and Export Price Indexes News Release


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                                   U.S. IMPORT AND EXPORT PRICE INDEXES
                                              - AUGUST 2008 -

   The U.S. Import Price Index decreased 3.7 percent in August, the Bureau of Labor Statistics of 
the U.S. Department of Labor reported today, after a revised 0.2 percent advance in July.  A 12.8 percent 
drop in petroleum prices led the August decline.  Prices for overall exports decreased 1.7 percent for the 
month.

                             Percent changes in import and export price indexes
                                           by End Use category
                                       - not seasonally adjusted -
Month IMPORTS EXPORTS
All
imports
Petroleum
imports
Non-
petroleum
imports
All
exports
Agri-
cultural
exports
Non-
agricultural
exports

2007

August

-0.3 -1.5 0.0 0.2 1.0 0.1

September

0.6 3.1 -0.1 0.3 4.2 0.0

October

1.5 5.0 0.6 0.8 3.8 0.5

November

3.2 12.4 0.7 0.9 1.4 0.9

December

-0.2 -1.8 0.4 0.5 2.6 0.3

2008

January

1.5 4.2 0.7 1.2 4.8 0.8

February

0.2 -1.3 0.6 0.9 4.6 0.6

March

3.1 10.1 1.1 1.6 4.7 1.3

April

2.8 8.1 1.3 0.5 -2.0 0.7

May

2.8 (r)9.7 (r)0.7 0.3 0.2 0.4

June

(r)3.1 (r)9.4 (r)0.8 1.0 (r)2.3 0.9

July

(r)0.2 (r)-1.0 (r)0.7 (r)1.5 (r)6.5 (r)0.9

August

-3.7 -12.8 -0.3 -1.7 -9.6 -0.7

Aug. 2006 to 2007

1.9 1.1 2.4 3.7 17.9 2.5

Aug. 2007 to 2008

16.0 52.0 7.5 8.2 24.8 6.7

Footnotes
(r) Revised



Import Goods
   
   Import prices fell 3.7 percent in August, the first decrease since December 2007 and the largest 
one-month decline since the index was first published monthly in December 1988.  Despite the drop, 
import prices rose 16.0 percent over the past year.  The August decrease in import prices was led by a 
12.8 percent decline in petroleum prices, the largest monthly drop since an 18.8 percent decline in April 
2003.  The August decline in petroleum prices followed a revised 1.0 percent decrease in July; however 
the index still rose 52.0 percent over the past 12 months.  Nonpetroleum import prices declined 0.3 
percent in August after a 0.7 percent increase the previous month.  The August decrease was driven by a 
16.4 percent downturn in natural gas prices.  Overall nonpetroleum prices rose 7.5 percent for the year 
ended in August.        
   
   Excluding all fuels, import prices ticked up 0.2 percent in August.  Rising prices for nonfuel 
industrial supplies and materials; foods, feeds, and beverages; and automotive vehicles all contributed to 
the modest increase.  Nonfuel industrial supplies and materials prices advanced 0.4 percent in August as 
higher chemical prices offset declining prices for unfinished metals.  A 0.7 percent increase in foods, 
feeds, and beverages largely resulted from elevated prices for meat, fish, and fruit.  A 0.1 percent up-tick 
in the price index for automotive vehicles also contributed to the increase in nonfuel import prices.         

   Capital goods prices declined in August while prices for consumer goods were unchanged.  The 
0.1 percent decrease in capital goods prices was led by computer prices which continued to trend down 
in August.  The fall in computer prices more than offset a 0.2 percent advance in capital goods prices 
excluding computers. 

 
Export Goods 

   Export prices, down 1.7 percent in August, fell for the first time since October 2006.  The August 
decline was mostly led by a 9.6 percent drop in agricultural prices, although nonagricultural prices also 
fell, decreasing 0.7 percent.  Despite the downturn, export prices rose 8.2 percent for the year ended in 
August.  The decline in agricultural prices in August followed a 6.5 percent advance in July, and was the 
largest one-month drop since the index was first published monthly in December 1988.  The August 
decline was led by sharp decreases in corn, soybeans, and wheat prices, all of which remained up over 
the past 12-months.  The price index for overall agricultural exports rose 24.8 percent over the same 
period.  The August decrease in nonagricultural prices was the first monthly decline since July 2007 and 
the index advanced 6.7 percent over the past year.        
   
   The August decrease in nonagricultural prices resulted from a 2.5 percent downturn in the price 
index for nonagricultural industrial supplies and materials which last recorded a monthly drop in 
September 2007.  Decreasing prices for fuel led the decline.      
   
   In contrast, prices for each of the major finished goods categories increased in August.  
Consumer goods prices rose 0.3 percent for the second consecutive month.  The price indexes for capital 
goods and for automotive vehicles each rose 0.1 percent.  Excluding a 0.5 percent decrease in computer 
prices, prices for capital goods excluding computers advanced 0.3 percent in August.
          
   
Imports by Locality of Origin 
	
   Lower fuel prices impacted the import price indexes from Canada, Mexico, and the European 
Union in August.  Import prices from Canada fell 3.8 percent, the largest one-month drop since a 4.4 
percent decrease in October 2006.  Prices for imports from Mexico declined 3.2 percent while import 
prices from the European Union fell 0.8 percent.  Despite the August decreases, prices for imports from 
Canada, Mexico, and the European Union rose 21.4 percent, 16.7 percent, and 9.2 percent respectively 
over the past 12 months.
   
   Prices for imports from Japan also declined in August, edging down 0.1 percent, which was the 
first monthly downturn for the index since November 2007.  The index rose 1.8 percent over the past 
year.
   
   In contrast, import prices from China continued to rise in August, ticking up a modest 0.1 percent 
after rising 2.1 percent over the previous three months.  Import prices from China increased 4.9 percent 
for the year ended in August.    
   
   
Import and Export Services

   Import air passenger fares fell 3.0 percent in August after rising 4.1 percent and 18.3 percent, 
respectively, in July and June.  The August downturn was led by a 5.7 percent decrease in Asian fares.  
The index for import air passenger fares increased 15.8 percent for the August 2007-2008 period.  
Export air passenger fares rose 5.3 percent in August and 19.8 percent over the past year.  The August 
increase was driven by a 16.1 percent jump in Asian fares.

   The price index for import air freight edged down 0.2 percent in August as a 1.7 percent decline 
in Asian air freight prices offset a 1.6 percent increase in European air freight prices.  The August 
downturn in overall import air freight prices followed a 2.6 percent increase the previous month.  In 
contrast, export air freight prices rose 3.6 percent in August after advancing 1.6 percent in July.  Import 
air freight prices rose 21.5 percent over the past 12 months while export air freight prices advanced 25.4 
percent over the same period.  

                                             CONTENTS OF RELEASE

This news release includes the following tables:

Table 1    U.S. Import Price Indexes, by End Use
Table 2    U.S. Export Price Indexes, by End Use
Table 3    U.S. Import Price Indexes, by NAICS
Table 4    U.S. Export Price Indexes, by NAICS
Table 5    U.S. Import Price Indexes, by Harmonized System
Table 6    U.S. Export Price Indexes, by Harmonized System
Table 7    U.S. Import Price Indexes, by Locality of Origin
Table 8    U.S. International Price Indexes for Selected Transportation Services
-------------------------------------------------------------------
Import and Export Price Index data for September are scheduled for release on October 10 at 
8:30 A.M. (EDT)

Table 1. U.S. import price indexes and percent changes for selected categories of goods: August 2007 to August 2008 2000=100, unless otherwise noted
Description End
Use
Relative
import-
ance
July
2008(1)
Index Percent change
July
2008
Aug.
2008
Annual Monthly
Aug.
2007
to
Aug.
2008
Apr.
2008
to
May
2008
May
2008
to
June
2008
June
2008
to
July
2008
July
2008
to
Aug.
2008

All commodities

100.000 145.9 140.5 16.0 2.8 3.1 0.2 -3.7

All imports excluding petroleum

72.881 115.6 115.2 7.5 0.7 0.8 0.7 -0.3

All imports excluding fuels (Dec. 2001=100)

70.389 117.2 117.4 6.6 0.5 0.6 0.6 0.2

Foods, feeds, & beverages

0

4.188 149.7 150.8 15.9 0.9 1.8 1.4 0.7

Agricultural foods, feeds & beverages, excluding distilled beverages

00

3.275 167.9 168.5 18.6 1.5 1.8 1.7 0.4

Nonagricultural foods (fish, distilled beverages)

01

0.913 108.5 110.8 7.4 -1.2 1.9 0.6 2.1

Industrial supplies & materials

1

44.746 283.6 259.8 37.8 6.6 6.9 0.1 -8.4

Industrial supplies & materials excluding petroleum

17.628 176.9 173.9 22.0 2.2 3.1 1.9 -1.7

Industrial supplies & materials excluding fuels (Dec. 2001=100)

15.136 181.7 182.4 19.8 1.4 2.5 1.6 0.4

Industrial supplies & materials, durable

10.119 176.1 176.3 18.8 1.8 2.7 1.4 0.1

Industrial supplies & materials nondurable excluding petroleum

5.017 177.1 169.8 26.3 2.8 3.6 2.5 -4.1

Fuels & lubricants

10

29.611 421.7 367.4 50.6 9.5 9.3 -0.6 -12.9

Petroleum & petroleum products

100

27.119 446.8 389.6 52.0 9.7 9.4 -1.0 -12.8

Crude

10000

20.136 465.3 401.6 52.5 9.8 9.5 -2.1 -13.7

Fuels, n.e.s.-coals & gas

101

2.261 281.8 239.4 63.1 9.0 8.4 4.7 -15.0

Gas-natural

10110

2.116 283.4 236.9 68.7 9.7 9.1 4.9 -16.4

Paper & paper base stocks

11

0.697 119.8 120.6 8.9 0.8 0.7 1.6 0.7

Materials associated with nondurable supplies & materials

12

4.383 155.8 157.3 23.6 0.6 2.0 2.1 1.0

Selected building materials

13

1.636 121.6 122.5 5.2 1.7 2.6 2.0 0.7

Unfinished metals related to durable goods

14

5.089 275.6 273.9 27.2 1.7 3.8 0.8 -0.6

Finished metals related to durable goods

15

1.875 161.3 162.4 19.3 2.8 2.2 1.6 0.7

Nonmetals related to durable goods

16

1.456 110.9 112.1 9.7 1.0 0.4 3.0 1.1

Capital goods

2

18.956 93.4 93.3 1.6 0.3 -0.1 0.2 -0.1

Electric generating equipment

20

2.462 112.7 112.9 6.1 0.2 0.3 0.6 0.2

Nonelectrical machinery

21

15.036 88.4 88.2 0.7 0.5 -0.2 0.2 -0.2

Transportation equipment excluding motor vehicles (Dec. 2001=100)

22

1.458 117.9 118.0 4.1 0.1 0.1 0.2 0.1

Automotive vehicles, parts & engines

3

11.747 108.0 108.1 3.0 0.0 0.1 0.1 0.1

Consumer goods, excluding automotives

4

20.362 105.2 105.2 3.1 0.2 0.1 0.3 0.0

Nondurables, manufactured

40

9.401 108.3 108.6 3.5 0.1 0.0 0.3 0.3

Durables, manufactured

41

9.952 101.8 101.7 2.9 0.2 0.3 0.2 -0.1

Nonmanufactured consumer goods

42

1.009 106.7 106.7 3.2 0.2 0.8 0.1 0.0

Footnotes
(1) Relative importance figures are based on 2006 trade values.

NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available


Table 2. U.S. export price indexes and percent changes for selected categories of goods: August 2007 to August 2008 2000=100, unless otherwise noted
Description End
Use
Relative
import-
ance
July
2008(1)
Index Percent change
July
2008
Aug.
2008
Annual Monthly
Aug.
2007
to
Aug.
2008
Apr.
2008
to
May
2008
May
2008
to
June
2008
June
2008
to
July
2008
July
2008
to
Aug.
2008

All commodities

100.000 128.0 125.8 8.2 0.3 1.0 1.5 -1.7

Agricultural commodities

10.594 207.8 187.8 24.8 0.2 2.3 6.5 -9.6

Nonagricultural commodities

89.406 122.3 121.4 6.7 0.4 0.9 0.9 -0.7

Foods, feeds, & beverages

0

9.687 211.1 188.9 24.8 0.3 2.5 6.6 -10.5

Agricultural foods, feeds & beverages, excluding distilled beverages

00

9.020 218.4 194.0 26.2 0.4 2.6 7.0 -11.2

Nonagricultural foods (fish, distilled beverages)

01

0.667 147.1 145.2 9.8 -0.6 0.4 0.7 -1.3

Industrial supplies & materials

1

31.971 177.9 173.7 16.7 1.0 2.1 2.7 -2.4

Industrial supplies & materials, durable

11.740 174.9 174.6 11.6 -0.6 -0.3 1.2 -0.2

Industrial supplies & materials, nondurable

20.231 180.5 174.0 20.1 2.1 3.6 3.6 -3.6

Agricultural industrial supplies & materials

10

1.574 162.8 161.6 17.6 -0.6 0.7 3.0 -0.7

Nonagricultural industrial supplies & materials

30.397 179.0 174.6 16.7 1.1 2.2 2.7 -2.5

Fuels & lubricants

11

6.066 313.4 275.0 39.3 6.4 7.8 5.4 -12.3

Nonagricultural supplies & materials excluding fuels & building materials

12

23.357 165.0 165.0 13.2 0.0 0.9 2.1 0.0

Selected building materials

13

0.974 113.9 113.9 -0.1 -0.2 -0.1 0.1 0.0

Capital goods

2

37.612 102.0 102.1 2.3 0.1 0.4 0.0 0.1

Electrical generating equipment

20

3.564 108.9 109.2 2.3 -0.1 0.0 0.3 0.3

Nonelectrical machinery

21

26.526 94.1 94.2 1.2 0.0 0.3 -0.1 0.1

Transportation equipment excluding motor vehicles (Dec. 2001=100)

22

7.522 130.6 130.7 6.2 0.5 0.5 0.2 0.1

Automotive vehicles, parts & engines

3

9.265 107.7 107.8 1.5 0.0 0.0 0.2 0.1

Consumer goods, excluding automotives

4

11.465 108.5 108.8 2.4 0.0 0.1 0.3 0.3

Nondurables, manufactured

40

5.379 109.9 110.4 3.0 0.2 0.1 -0.2 0.5

Durables, manufactured

41

5.123 106.0 106.1 1.8 0.0 0.1 0.8 0.1

Footnotes
(1) Relative importance figures are based on 2006 trade values.

NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available


Table 3. U.S. import price indexes and percent changes for selected categories of goods: August 2007 to August 2008 December 2005=100, unless otherwise noted
Description NAICS Relative
import-
ance
July
2008(1)
Index Percent change
July
2008
Aug.
2008
Annual Monthly
Aug.
2007
to
Aug.
2008
Apr.
2008
to
May
2008
May
2008
to
June
2008
June
2008
to
July
2008
July
2008
to
Aug.
2008

Nonmanufactured articles

24.950 204.9 179.6 50.7 9.0 8.7 -0.7 -12.3

Agriculture, forestry, fishing and hunting

11

1.578 141.2 143.0 23.5 1.0 1.6 2.8 1.3

Crop production

111

1.118 144.0 145.9 24.4 0.4 0.6 3.4 1.3

Mining

21

23.372 211.2 183.1 53.1 9.5 9.2 -0.9 -13.3

Mining (except oil and gas) (Dec. 2006=100)

212

0.353 124.0 126.4 23.2 -0.2 -0.1 1.0 1.9

Manufactured articles

74.373 115.9 114.9 8.3 1.1 1.2 0.5 -0.9

Manufactured goods, part 1

31

8.861 110.2 110.4 5.6 0.4 0.6 0.6 0.2

Food manufacturing

311

2.304 131.5 132.0 16.6 1.5 2.2 1.4 0.4

Beverage and tobacco product manufacturing

312

0.727 106.4 106.6 3.3 0.4 0.3 0.5 0.2

Textile mills

313

0.398 113.9 114.6 6.7 1.2 -0.1 0.9 0.6

Textile product mills

314

0.658 101.7 101.8 0.8 0.1 -0.8 0.1 0.1

Apparel manufacturing

315

3.498 102.4 102.4 1.0 -0.3 0.2 0.1 0.0

Leather and allied product manufacturing

316

1.275 105.9 106.0 3.9 0.2 0.1 0.8 0.1

Manufactured goods, part 2

32

17.935 136.9 132.6 20.7 3.3 3.8 1.3 -3.1

Wood product manufacturing

321

1.026 98.3 99.6 4.5 2.5 3.8 1.5 1.3

Paper manufacturing

322

1.163 113.6 115.4 11.1 0.5 0.6 1.5 1.6

Petroleum and coal products manufacturing

324

5.640 196.4 174.2 51.7 9.9 10.0 1.1 -11.3

Chemical manufacturing

325

7.481 126.3 127.1 12.7 0.6 1.0 0.9 0.6

Plastics and rubber products manufacturing

326

1.527 113.5 114.1 9.5 0.9 0.5 2.1 0.5

Nonmetallic mineral product manufacturing

327

1.013 116.3 115.5 7.5 0.9 0.1 3.8 -0.7

Manufactured goods, part 3

33

47.577 110.5 110.3 4.8 0.4 0.5 0.3 -0.2

Primary metal manufacturing

331

5.919 188.2 186.6 25.6 1.8 3.6 1.0 -0.9

Fabricated metal product manufacturing

332

2.379 121.2 121.9 11.2 1.0 1.7 1.1 0.6

Machinery manufacturing

333

5.942 111.2 111.2 4.7 0.5 -0.1 0.5 0.0

Computer and electronic product manufacturing

334

12.126 92.5 92.1 -3.0 0.0 -0.5 -0.6 -0.4

Electrical equipment, appliance, and component manufacturing

335

3.333 113.8 113.8 6.1 0.4 0.5 0.8 0.0

Transportation equipment manufacturing

336

12.426 105.0 105.0 3.2 -0.1 0.2 0.2 0.0

Furniture and related product manufacturing

337

1.344 111.8 112.2 10.4 0.6 0.5 1.6 0.4

Miscellaneous manufacturing

339

4.108 111.4 111.1 3.6 0.0 0.5 0.5 -0.3

Footnotes
(1) Relative importance figures are based on 2006 trade values.

NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available


Table 4. U.S. export price indexes and percent changes for selected categories of goods: August 2007 to August 2008 December 2005=100, unless otherwise noted
Description NAICS Relative
import-
ance
July
2008(1)
Index Percent change
July
2008
Aug.
2008
Annual Monthly
Aug.
2007
to
Aug.
2008
Apr.
2008
to
May
2008
May
2008
to
June
2008
June
2008
to
July
2008
July
2008
to
Aug.
2008

Nonmanufactured articles

7.733 170.5 147.8 24.9 -0.6 2.3 6.4 -13.3

Agriculture, forestry, fishing and hunting

11

6.340 196.9 167.8 29.6 -1.7 2.4 9.1 -14.8

Crop production

111

5.996 206.4 174.3 32.2 -1.8 2.5 9.6 -15.6

Mining

21

1.393 110.2 102.7 9.8 3.9 1.8 -4.3 -6.8

Mining (except oil and gas)

212

0.833 98.8 100.5 1.3 0.3 -0.9 -0.3 1.7

Manufactured articles

89.401 114.5 113.9 7.3 0.5 1.1 1.1 -0.5

Manufactured goods, part 1

31

6.820 126.9 126.7 13.6 1.3 1.5 1.4 -0.2

Food manufacturing

311

4.567 144.4 143.8 20.2 2.1 1.9 1.8 -0.4

Beverage and tobacco product manufacturing

312

0.476 106.6 107.0 4.3 0.1 0.2 -0.2 0.4

Apparel manufacturing

315

0.447 100.9 101.3 0.8 0.0 0.1 -0.2 0.4

Manufactured goods, part 2

32

24.130 131.9 128.7 15.2 1.7 2.8 3.2 -2.4

Wood product manufacturing

321

0.496 111.4 111.4 0.5 0.4 -0.1 -0.5 0.0

Paper manufacturing

322

1.863 116.0 116.1 4.8 0.1 0.3 0.3 0.1

Petroleum and coal products manufacturing

324

4.389 216.0 185.9 51.4 6.9 10.3 7.7 -13.9

Chemical manufacturing

325

14.430 125.8 126.0 13.0 0.9 1.7 2.9 0.2

Plastics and rubber products manufacturing

326

2.090 110.5 111.0 5.4 0.3 1.1 1.0 0.5

Nonmetallic mineral product manufacturing

327

0.777 108.9 109.0 2.2 0.1 0.1 0.3 0.1

Manufactured goods, part 3

33

58.451 107.2 107.4 3.6 0.0 0.3 0.2 0.2

Primary metal manufacturing

331

4.871 154.5 155.2 24.1 -0.5 0.9 1.4 0.5

Fabricated metal product manufacturing

332

2.616 117.6 118.6 5.5 0.3 0.7 1.2 0.9

Machinery manufacturing

333

11.481 110.2 110.8 4.7 0.2 0.2 0.6 0.5

Computer and electronic product manufacturing

334

15.766 95.0 94.8 -1.4 -0.2 0.4 -0.8 -0.2

Electrical equipment, appliance, and component manufacturing

335

3.445 106.9 107.2 2.4 -0.1 -0.1 0.4 0.3

Transportation equipment manufacturing

336

15.740 107.1 107.1 2.6 0.2 0.2 0.2 0.0

Miscellaneous manufacturing

339

4.207 107.8 107.9 3.5 0.4 0.3 0.8 0.1

Footnotes
(1) Relative importance figures are based on 2006 trade values.

NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available


Table 5. U.S. import price indexes and percent changes for selected categories of goods: August 2007 to August 2008 2000=100, unless otherwise noted
Description Harmo-
nized
system
Relative
import-
ance
July
2008(1)
Index Percent change
July
2008
Aug.
2008
Annual Monthly
Aug.
2007
to
Aug.
2008
Apr.
2008
to
May
2008
May
2008
to
June
2008
June
2008
to
July
2008
July
2008
to
Aug.
2008

Live animals; animal products

I

1.053 143.4 149.3 15.8 2.9 1.6 1.3 4.1

Meat and edible meat offal

02

0.248 173.3 182.2 22.8 4.2 3.8 4.6 5.1

Fish and crustaceans, molluscs and other aquatic invertebrates

03

0.503 106.7 110.3 8.8 -1.3 1.9 0.5 3.4

Vegetable products

II

1.257 162.2 164.5 22.3 0.6 1.5 1.8 1.4

Edible vegetables, roots, and tubers

07

0.303 214.0 219.8 8.2 -7.3 -2.7 5.6 2.7

Edible fruit and nuts; peel of citrus fruit or melons

08

0.363 108.3 114.9 28.5 1.1 5.5 -4.0 6.1

Coffee, tea, mate and spices

09

0.239 173.6 173.2 19.9 -0.4 0.1 4.1 -0.2

Prepared foodstuffs, beverages, and tobacco

IV

2.028 142.2 142.3 13.5 1.0 1.7 1.8 0.1

Preparations of cereals, flour, starch or milk; bakers' wares (Dec. 2007=100)

19

0.169 113.9 114.8 - 0.1 1.5 4.8 0.8

Preparations of vegetables, fruit, nuts, or other parts of plants

20

0.212 140.7 139.8 14.1 0.4 -0.4 -0.6 -0.6

Beverages, spirits, and vinegar

22

0.729 120.1 120.2 7.9 0.7 0.8 1.0 0.1

Mineral products

V

29.301 416.9 363.5 51.8 9.4 9.2 -0.5 -12.8

Salt; sulfur; earths and stone; plaster materials, lime & cement (Dec.2007=100)

25

0.188 103.2 103.4 - -0.1 0.2 0.3 0.2

Mineral fuels, oils and residuals, bituminous substances and mineral waxes

27

28.740 419.9 364.9 52.6 9.6 9.4 -0.5 -13.1

Products of the chemical or allied industries

VI

6.756 139.4 140.9 12.1 0.4 0.7 0.5 1.1

Inorganic chemicals

28

0.835 243.3 252.9 9.4 -1.7 -1.9 -1.9 3.9

Organic chemicals

29

2.218 133.4 134.6 11.7 0.2 1.1 0.5 0.9

Pharmaceutical products

30

2.030 114.0 114.1 4.8 0.8 0.0 -0.2 0.1

Tanning & dyeing extracts; dye & pigments; varnish & paints; putty

32

0.146 106.5 106.5 4.2 0.8 0.6 1.2 0.0

Essential oils and resinoids (Dec. 2001=100)

33

0.365 125.4 126.0 10.7 0.6 0.5 0.1 0.5

Miscellaneous chemical products

38

0.370 101.4 102.1 3.7 1.8 -0.2 0.4 0.7

Plastics and articles thereof; rubber and articles thereof

VII

2.618 135.8 136.5 11.2 1.0 1.0 1.9 0.5

Plastics and articles thereof

39

1.714 132.0 133.0 10.7 0.7 0.5 1.5 0.8

Rubber and articles thereof

40

0.904 143.3 143.5 12.4 1.6 1.7 2.6 0.1

Raw hides, skins, leather, furskins, travel goods, etc

VIII

0.517 113.2 113.3 4.9 -0.1 0.3 0.7 0.1

Articles of leather; travel goods, bags, etc. of various materials

42

0.475 113.8 113.8 5.3 -0.2 0.2 0.9 0.0

Wood, wood charcoal, cork, straw, basketware and wickerwork

IX

1.065 120.4 122.1 4.4 2.3 3.8 1.6 1.4

Woodpulp, recovered paper, and paper products

X

1.295 117.0 118.9 9.8 0.3 0.3 1.2 1.6

Paper and paperboard; articles of paper pulp, paper or paperboard

48

0.897 113.2 116.0 11.8 0.5 0.2 1.7 2.5

Printed matter

49

0.223 118.2 118.2 1.6 0.0 0.1 -0.3 0.0

Textile and textile articles

XI

4.425 104.0 104.3 1.9 -0.2 0.1 0.3 0.3

Articles of apparel and clothing accessories, knitted or crocheted

61

1.603 101.2 101.2 0.7 0.1 0.5 0.2 0.0

Articles of apparel and clothing accessories, not knitted or crocheted

62

1.739 102.5 102.6 1.0 -0.9 0.1 0.1 0.1

Made-up or worn textile articles

63

0.448 95.5 95.5 1.5 0.1 -1.2 0.6 0.0

Headgear, umbrellas, artifical flowers, etc.

XII

1.063 106.3 106.4 4.3 0.3 0.0 0.5 0.1

Footwear and parts of such articles

64

0.891 105.4 105.5 3.5 0.4 0.0 0.7 0.1

Stone, plaster, cement, asbestos, ceramics, glass etc.

XIII

0.870 120.0 119.2 6.6 0.0 0.1 4.0 -0.7

Articles of stone, plaster, cement, asbestos, or mica (Dec. 2001=100)

68

0.322 116.0 115.7 11.3 0.0 -0.1 8.5 -0.3

Ceramic products

69

0.273 125.7 123.4 3.9 0.1 0.6 -0.1 -1.8

Glass and glassware

70

0.275 116.5 116.6 4.2 0.0 -0.2 2.9 0.1

Pearls, stones, precious metals, imitation jewelry, and coins

XIV

2.564 157.2 153.6 14.1 -1.8 1.0 0.1 -2.3

Base metals and articles of base metals

XV

6.987 209.6 210.7 20.9 3.1 3.1 1.2 0.5

Iron and steel

72

2.393 320.1 320.6 53.0 6.8 8.4 3.4 0.2

Articles of iron or steel

73

1.669 164.9 167.1 27.9 3.5 3.5 3.2 1.3

Copper and articles thereof

74

0.791 320.7 325.2 2.7 2.9 -2.2 -1.7 1.4

Aluminum and articles thereof

76

0.941 156.5 158.9 9.3 -0.1 -1.5 0.4 1.5

Tools, implements, cutlery, spoons and forks, of base metal; parts thereof

82

0.323 115.6 116.5 7.6 0.1 0.7 0.4 0.8

Miscellaneous articles of base metal

83

0.402 130.4 130.7 4.1 0.5 0.9 0.8 0.2

Machinery, electrical equipment, TV image and sound recorders, parts, etc.

XVI

21.224 88.8 88.6 0.3 0.2 -0.2 -0.1 -0.2

Machinery and mechanical appliances; parts thereof

84

10.941 89.2 88.9 0.0 0.1 -0.3 -0.1 -0.3

Electrical machinery and equip, sound and TV recorders & reproducers, parts

85

10.283 88.3 88.3 0.7 0.2 -0.1 -0.2 0.0

Vehicles, aircraft, vessels and associated transport equipment

XVII

10.873 109.7 109.8 3.4 -0.1 0.3 0.2 0.1

Motor vehicles and their parts

87

10.079 108.8 108.9 3.3 -0.1 0.3 0.1 0.1

Aircraft, spacecraft, and parts thereof (Dec. 2002=100)

88

0.713 112.1 112.2 2.6 0.1 0.1 0.4 0.1

Optical, photo, measuring, medical & musical instruments; & timepieces

XVIII

2.528 101.5 101.4 2.1 0.4 -0.2 0.2 -0.1

Optical, photographic, measuring and medical instruments

90

2.263 99.4 99.3 1.8 0.4 -0.2 0.1 -0.1

Clocks and watches and parts thereof

91

0.199 121.8 121.9 4.5 0.4 0.2 0.1 0.1

Miscellaneous manufactured articles

XX

3.328 107.4 107.6 6.1 0.4 0.5 0.8 0.2

Furniture & stuffed furnishings; lamps & lighting fittings, nesoi; prefab bldgs

94

1.943 113.2 113.5 8.2 0.5 0.6 1.0 0.3

Toys, games and sports equipment; parts and accessories thereof

95

1.207 99.2 99.4 2.9 0.2 0.2 0.5 0.2

Miscellaneous manufactured articles

96

0.178 113.1 113.3 5.9 0.5 0.1 1.6 0.2

Footnotes
(1) Relative importance figures are based on 2006 trade values.

NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available


Table 6. U.S. export price indexes and percent changes for selected categories of goods: August 2007 to August 2008 2000=100, unless otherwise noted
Description Harmo-
nized
system
Relative
import-
ance
July
2008(1)
Index Percent change
July
2008
Aug.
2008
Annual Monthly
Aug.
2007
to
Aug.
2008
Apr.
2008
to
May
2008
May
2008
to
June
2008
June
2008
to
July
2008
July
2008
to
Aug.
2008

Live animals; animal products

I

1.642 178.3 182.2 14.0 2.3 2.5 2.2 2.2

Meat & edible meat offal (Dec. 2006=100)

02

0.896 148.8 155.6 19.8 3.4 2.4 2.3 4.6

Fish and crustaceans, molluscs and other aquatic invertebrates

03

0.416 149.8 148.8 15.2 -1.1 0.1 0.5 -0.7

Vegetable products

II

5.973 261.0 220.5 33.4 -0.6 2.6 9.1 -15.5

Edible fruit and nuts; peel of citrus fruit or melons

08

0.656 121.2 123.9 3.7 -0.2 0.7 -1.5 2.2

Cereals

10

2.756 322.8 246.3 37.1 -4.0 0.4 9.9 -23.7

Oilseeds and misc. grains, seeds, fruits, plants, straw and fodder

12

1.961 298.9 249.3 50.2 2.0 8.8 15.3 -16.6

Prepared foodstuffs, beverages,and tobacco

IV

2.338 138.5 135.9 11.8 0.0 1.0 1.5 -1.9

Miscellaneous edible preparations

21

0.426 120.6 120.6 4.6 0.2 -0.1 0.2 0.0

Residues and waste from the food industries; prepared animal feed

23

0.625 217.0 197.7 35.6 0.2 3.2 6.4 -8.9

Mineral products

V

6.205 382.5 340.0 43.0 6.0 7.8 6.1 -11.1

Mineral fuels, oils and residuals, bituminous substances and mineral waxes

27

5.644 387.0 339.4 51.5 6.8 8.8 6.9 -12.3

Products of the chemical or allied industries

VI

11.869 149.2 148.0 11.4 0.7 1.9 2.6 -0.8

Inorganic chemicals

28

1.180 197.9 198.4 20.8 1.9 1.5 2.9 0.3

Organic chemicals

29

3.838 173.6 167.8 12.4 1.1 3.4 4.2 -3.3

Pharmaceutical products

30

2.469 119.4 119.6 4.2 0.2 0.0 -0.3 0.2

Tanning or dyeing extracts, dyes, paints, varnish, putty, & inks

32

0.513 113.8 114.9 0.4 -1.7 0.3 -0.8 1.0

Essential oils and resinoids; perfumery cosmetic or toilet preparations

33

0.648 123.1 125.7 6.3 0.1 0.1 0.9 2.1

Soap; lubricants; waxes, polishing or scouring products; candles, pastes

34

0.394 120.0 121.4 4.8 1.4 0.8 1.2 1.2

Miscellaneous chemical products

38

1.608 129.2 129.5 8.1 0.6 0.5 2.7 0.2

Plastics and articles thereof; rubber and articles thereof

VII

5.323 146.8 149.5 12.4 0.8 1.9 3.2 1.8

Plastics and articles thereof

39

4.275 140.9 143.6 11.4 0.6 1.6 2.6 1.9

Rubber and articles thereof

40

1.048 172.9 175.6 16.8 1.5 2.9 5.6 1.6

Raw hides, skins, leather, furskins, travel goods, etc.

VIII

0.381 116.7 116.4 -2.3 0.3 -0.3 -0.5 -0.3

Wood, wood charcoal, cork, straw, basketware and wickerwork

IX

0.614 112.1 112.1 -0.2 1.2 -0.2 -0.2 0.0

Woodpulp, recovered paper, and paper products

X

2.448 118.1 118.3 5.5 -0.8 0.4 0.5 0.2

Woodpulp and recovered paper

47

0.691 130.9 130.9 13.0 -2.2 1.0 2.0 0.0

Paper and paperboard; articles of paper pulp, paper or paperboard

48

1.259 113.1 113.6 4.0 -0.3 0.3 0.5 0.4

Printed material

49

0.498 119.2 118.8 0.3 -0.2 0.3 -1.8 -0.3

Textile and textile articles

XI

2.176 109.8 109.7 5.6 -0.6 0.4 1.7 -0.1

Cotton, including yarns and woven fabrics thereof

52

0.699 114.0 112.8 15.1 -2.3 0.9 3.9 -1.1

Stone, plaster, cement, asbestos, ceramics, glass etc.

XIII

0.762 111.3 111.3 1.1 0.0 0.1 0.2 0.0

Glass and glassware

70

0.410 98.9 98.9 0.1 0.0 -0.7 0.0 0.0

Pearls, stones, precious metals, imitation jewelry, and coins

XIV

3.898 185.9 186.4 18.9 -2.2 -1.7 1.5 0.3

Base metals and articles of base metals

XV

5.914 183.2 182.6 10.9 0.4 0.7 1.1 -0.3

Iron and steel

72

1.629 250.8 249.7 28.5 1.7 2.9 3.1 -0.4

Articles of iron or steel

73

1.405 158.9 161.2 9.4 0.9 2.9 1.5 1.4

Copper and articles thereof

74

0.680 262.3 258.8 4.1 -1.6 -2.2 0.4 -1.3

Aluminum and articles thereof

76

0.981 151.2 148.8 0.9 -0.5 -2.7 0.4 -1.6

Tools, implements, cutlery, spoons and forks, of base metal; parts thereof

82

0.368 118.9 118.9 3.0 0.0 -0.1 0.0 0.0

Miscellaneous articles of base metal

83

0.354 130.3 130.7 2.1 0.6 0.7 0.2 0.3

Machinery, electrical equipment, TV image and sound recorders, parts, etc.

XVI

29.238 95.2 95.3 1.1 -0.2 0.2 -0.1 0.1

Machinery and mechanical appliances; parts thereof

84

16.303 104.1 104.3 1.5 -0.1 -0.1 0.4 0.2

Electrical machinery and equipment and parts and accessories thereof

85

12.935 85.5 85.5 0.5 -0.5 0.7 -0.7 0.0

Vehicles, aircraft, vessels and associated transport equipment

XVII

13.417 116.8 116.9 2.4 0.3 0.3 0.2 0.1

Motor vehicles and their parts

87

7.909 106.9 106.9 1.1 0.2 0.0 0.2 0.0

Optical, photo, measuring, medical & musical instruments; & timepieces

XVIII

5.824 107.1 107.4 3.4 0.3 0.1 0.0 0.3

Miscellaneous manufactured articles

XX

1.377 108.8 108.9 3.3 0.4 0.0 0.0 0.1

Furniture; stuffed furnishings; lamps and lighting fittings nesoi;

94

0.730 116.7 116.8 2.8 0.3 0.0 -0.3 0.1

Toys, games and sports equipment; parts and accessories thereof

95

0.501 95.4 95.5 4.9 0.4 -0.1 0.4 0.1

Footnotes
(1) Relative importance figures are based on 2006 trade values.

NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available


Table 7. U.S. import price indexes and percent changes by locality of origin: August 2007 to August 2008 2000=100, unless otherwise noted
Description Percent
of
U.S.
imports(1)
Index Percent change
July
2008
Aug.
2008
Annual Monthly
Aug.
2007
to
Aug.
2008
Apr.
2008
to
May
2008
May
2008
to
June
2008
June
2008
to
July
2008
July
2008
to
Aug.
2008

Industrialized Countries(2)

42.888 140.4 137.5 14.4 1.8 1.8 0.6 -2.1

Nonmanufactured articles

4.201 339.8 295.8 53.2 8.5 6.8 -1.9 -12.9

Manufactured articles

38.251 125.5 125.4 9.5 0.6 1.0 1.0 -0.1

Other Countries(3)

57.112 147.8 141.2 17.2 3.5 3.7 0.3 -4.5

Nonmanufactured articles

12.058 399.9 352.7 49.4 8.8 9.3 -0.9 -11.8

Manufactured articles

44.837 112.7 111.6 7.1 1.3 1.3 0.8 -1.0

Canada

16.032 170.6 164.2 21.4 3.3 3.4 -0.2 -3.8

Nonmanufactured articles

3.711 339.5 293.8 56.3 8.4 7.0 -1.5 -13.5

Manufactured articles

12.028 137.8 139.2 11.0 1.0 1.9 0.2 1.0

European Union(4)

17.355 134.1 133.0 9.2 0.8 0.8 0.2 -0.8

Nonmanufactured articles

0.249 403.3 358.8 48.0 12.7 2.7 0.8 -11.0

Manufactured articles

16.987 130.3 129.6 8.4 0.5 0.7 0.2 -0.5

France (Dec. 2003=100)

1.844 120.4 121.2 10.6 0.3 0.4 0.9 0.7

Germany (Dec. 2003=100)

4.732 113.1 112.8 4.0 0.2 -0.1 0.1 -0.3

United Kingdom (Dec. 2003=100)

2.684 143.1 138.3 14.5 2.3 1.2 0.4 -3.4

Latin America(5)

18.032 197.0 186.7 24.2 4.1 4.2 1.5 -5.2

Nonmanufactured articles

5.151 414.1 367.6 51.2 9.1 8.9 1.2 -11.2

Manufactured articles

12.786 148.7 147.0 11.4 1.2 1.3 1.8 -1.1

Mexico (Dec. 2003=100)

10.710 155.2 150.3 16.7 2.7 3.1 0.6 -3.2

Pacific Rim (Dec. 2003=100)(6)

33.822 103.4 103.4 4.3 0.6 0.4 0.7 0.0

China (Dec. 2003=100)

15.926 103.6 103.7 4.9 0.7 0.6 0.8 0.1

Japan

8.032 95.6 95.5 1.8 0.0 0.2 0.5 -0.1

Asian NICs(7)

5.887 92.4 93.4 5.3 0.6 0.1 1.4 1.1

ASEAN (Dec. 2003=100)(8)

6.041 102.7 101.8 4.0 1.5 0.7 -0.4 -0.9

Asia Near East (Dec. 2003=100)(9)

3.928 317.9 283.3 39.8 7.0 6.9 1.1 -10.9

Footnotes
(1) Percentage of trade figures are based on 2006 trade values.
(2) Includes Western Europe, Canada, Japan, Australia, New Zealand and South Africa.
(3) Includes Eastern Europe, Latin America, OPEC countries, and other countries in Asia, Africa and the Western Hemisphere.
(4) Includes European Union countries.
(5) Includes Mexico, Central America, South America and the Caribbean.
(6) Includes China, Japan, Australia, Brunei, Indonesia, Macao, Malaysia, New Zealand, Papua New Guinea, Philippines and Asian Newly Industrialized Countries.
(7) Asian Newly Industrialized Countries. Includes Hong Kong, Singapore, South Korea and Taiwan.
(8) Association of Southeast Asian Nations. Includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.
(9) Includes Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen.

NOTES: Data may be revised in each of the three months after original publication.
Regions are not mutually exclusive.
Dash = Not available


Table 8. U.S. international price indexes and percent changes for selected transportation services: August 2007 to August 2008 2000=100, unless otherwise noted
Description Relative
import-
ance
July
2008(1)
Index Percent change
July
2008
Aug.
2008
Annual Monthly
Aug.
2007
to
Aug.
2008
Apr.
2008
to
May
2008
May
2008
to
June
2008
June
2008
to
July
2008
July
2008
to
Aug.
2008

Air Freight

Import Air Freight

100.000 163.2 162.8 21.5 4.4 1.1 2.6 -0.2

Europe (Dec. 2003=100)

30.274 180.0 182.9 35.3 4.6 0.6 3.0 1.6

Asia

58.225 132.5 130.2 12.6 2.1 0.7 1.9 -1.7

Export Air Freight

100.000 143.1 148.3 25.4 2.0 2.5 1.6 3.6

Europe (Dec. 2006=100)

43.826 138.8 142.1 39.6 3.2 3.7 2.4 2.4

Inbound Air Freight

100.000 155.6 156.3 20.8 3.0 1.5 2.1 0.4

Europe (Dec. 2003=100)

32.185 169.6 172.4 32.1 3.0 1.7 2.7 1.7

Asia

55.111 125.9 125.2 13.6 1.7 1.0 1.6 -0.6

Outbound Air Freight

100.000 149.3 150.7 29.7 3.8 4.7 4.0 0.9

Europe (Dec. 2003=100)

41.772 170.5 173.2 31.8 3.4 5.4 3.4 1.6

Asia

40.973 134.2 133.6 26.2 4.5 4.6 4.7 -0.4

Air Passenger Fares

Import Air Passenger Fares

100.000 178.6 173.3 15.8 1.3 18.3 4.1 -3.0

Europe

46.632 191.3 188.0 20.8 0.5 27.0 2.6 -1.7

Asia

25.077 155.5 146.6 4.4 2.7 20.9 4.0 -5.7

Latin America/Caribbean

11.964 155.8 154.2 25.0 4.4 4.2 5.7 -1.0

Export Air Passenger Fares

100.000 182.1 191.8 19.8 3.5 8.2 6.2 5.3

Europe

32.836 238.8 239.2 18.1 3.5 16.2 6.2 0.2

Asia

32.761 143.4 166.5 25.9 3.1 2.2 5.1 16.1

Latin America/Caribbean

19.421 176.4 179.4 9.3 4.4 3.2 6.3 1.7

Footnotes
(1) Relative importance figures for Air Passenger Fares Indexes are based on 2006 trade values, while the relative importance figures for the Air Freight Indexes are based on 2005 trade values.

NOTES: Data may be revised in each of the three months after original publication.
Dash = Not available



                                             TECHNICAL NOTE


Import and Export Merchandise and Services Price Indexes -- All indexes use a modified Laspeyres 
formula and are not seasonally adjusted.  Price indexes for merchandise goods are reweighted annually, 
with a two-year lag in the weights.  Published series use a base year of 2000=100 where possible.  More 
detailed index series and additional information may be obtained at http://www.bls.gov/mxp, or by 
calling (202) 691-7101.

Merchandise Goods Classification Systems -- The merchandise price indexes are published using 
three classification systems.  Items are classified by end use according to the Bureau of Economic 
Analysis Classification System, by industry according to the North American Industry Classification 
System (NAICS), and by product category according to the Harmonized System (HS).  While 
classification by end use and product category are self-explanatory, some notes are in order for 
classifying items by industry.  In the NAICS imports and exports tables, items are classified by output 
industry, not input industry.  As an example, NAICS import index 326 (plastics and rubber products 
manufacturing) include outputs such as manufactured plastic rather than inputs such as petroleum.  The 
NAICS classification structure also matches the classification system used by the PPI (Producer Price 
Index) to produce the NAICS primary products indexes.

Import Price Indexes -- Products have been classified by the Harmonized Tariff Schedule of the United 
States Annotated (TSUSA).  Import prices are based on U.S. dollar prices paid by the U.S. importer.  
The prices are generally either "free on board" (f.o.b.) foreign port or "cost, insurance, and freight" 
(c.i.f.) U.S. port transaction prices, depending on the practices of the individual industry.  The index for 
crude petroleum is calculated from data collected by the U.S. Department of Energy.  

Export Price Indexes -- Products have been classified by the Harmonized Schedule B classification 
system of the U.S. Bureau of the Census.  The prices used are generally either "free alongside ship" 
(f.a.s.) factory or "free on board" (f.o.b.) transaction prices, depending on the practices of the individual 
industry.  Prices used in the grain index, excluding rice, are obtained from the U.S. Department of 
Agriculture.

Services Price Indexes -- The Import Air Passenger Fares Indexes are calculated from data obtained 
from a commercial airline reservation system.  These data exclude frequent flyer tickets and those sold 
by consolidators.  The Export Air Passenger Fares Indexes are calculated from data collected directly 
from airlines.  These data include frequent flyer tickets and those sold by consolidators.  Taxes and fees 
are excluded from both the Import and Export Air Passenger Fares Indexes.  The Air Freight Indexes are 
calculated from data collected directly from companies.  These data exclude mail and passenger 
baggage.  The scope of the service being priced is the movement of freight from airport to airport only, 
and does not include any ground transportation or port service.  The Air Freight Indexes are presented 
using two definitions: Balance of Payments (which represent transactions between U.S. and foreign 
residents) and International (which represent transactions inbound to and outbound from the U.S.).  Fact 
sheets specifying detailed information for each services industry are available at http://www.bls.gov/mxp 
under "Publications and Other Documentation."

Import Indexes by Locality of Origin -- Prices used in these indexes are a subset of the data collected 
for the Import Price Indexes.  Beginning with January 2002, the indexes are defined by locality of origin 
using a nomenclature based upon the North American Industry Classification System (NAICS).  
Nonmanufactured goods are defined as NAICS 11 and 21 and manufactured goods are defined as 
NAICS 31-33. 
 
Revision Policy -- To reflect the availability of late reports and corrections by respondents, monthly data 
may be revised in each of the three months after original publication.  After three months, no further data 
revisions take place.  So, for example, data released in the January release will be subject to revision in 
the releases for February, March, and April.

Uses of the Data -- The primary use of the indexes is to deflate trade statistics, notably the foreign trade 
sector of the National Income and Product Accounts constructed by the Department of Commerce.  
Other published indexes are useful for general market analysis.  For trade in international services, 
Balance of Payments indexes are used for deflating National Income and Product Accounts, while 
International indexes are more appropriate for market analysis.  Merchandise and services indexes also 
can be used to study U.S. competitiveness and to compute price elasticities, and the merchandise import 
indexes by country or region of origin are useful in terms of trade analysis.

E-Mail Subscription -- The IPP news release is available through an e-mail subscription service at 
(http://www.bls.gov/mxp) or (http://www.bls.gov/bls/newsrels.htm).
 
Additional Information -- More detailed IPP data are available on the IPP home page at 
(http://www.bls.gov/mxp).  Flat Files and the FTP server are available for users requiring access to 
either a large volume of time series data or other IPP-related documentation. The FTP site can be 
accessed at ftp://ftp.bls.gov.   For technical assistance in using the BLS Internet site, send e-mail to 
(labstat.helpdesk@bls.gov).  For IPP data requests, send e-mail to (mxpinfo@bls.gov). 

Information from this release will be made available to sensory impaired individuals upon request.  
Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339.



Last Modified Date: September 11, 2008
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