July 13, 2009
U.S. import prices increased 3.2 percent in June, the largest monthly advance since a 3.2-percent rise in November 2007. Import prices have risen for each of the past four months but decreased overall for the year ended in June, declining 17.4 percent.
The June increase in import prices was driven by a 20.3-percent jump in petroleum prices, the largest monthly advance for that index since a 20.5-percent increase in April 1999. Petroleum prices have risen 69.5 percent since January but, despite the recent advances, fell 45.9 percent over the past 12 months.
Nonpetroleum import prices ticked up 0.2 percent in June, and decreased 6.5 percent over the past year. The advance in nonpetroleum prices was led by a 0.7-percent increase in the price index for nonpetroleum industrial supplies and materials.
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 – June 2009" (HTML) (PDF), news release USDL 09-0779.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import prices up in June 2009 on the Internet at http://www.bls.gov/opub/ted/2009/jul/wk2/art01.htm (visited January 29, 2015).
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