October 16, 2007 (The Editor’s Desk is updated each business day.)

Export prices in September 2007

Prices for overall exports continued an upward trend in September, rising 0.3 percent after a 0.2-percent advance in August.

[Chart data—TXT]

The increase was driven by a 4.1-percent rise in agricultural prices as nonagricultural prices were unchanged. The rise in agricultural prices was the largest one-month increase this year and followed advances of 1.1 percent in August and 1.6 percent in July.

Higher prices for wheat, soybeans, and corn accounted for most of the September increase. Agricultural prices rose 23.3 percent over the past year.

Nonagricultural prices continued to register little movement, recording no change in September after a 0.1-percent rise in August and a 0.1-percent decline in July. The price index for nonagricultural goods advanced 2.9 percent for the year ended in September, while overall export prices rose 4.5 percent for the same period.

These data are from the BLS International Price program. Export price data are subject to revision. Learn more in "U.S. Import and Export Price Indexes -- September 2007" (PDF) (TXT), news release USDL 07-1548. 

 

Related TED article:

• Import prices up in September 2007