March 16, 2000 (The Editor’s Desk is updated each business day.)
February rise in import prices largest since 1990
The U.S. Import Price Index rose 1.9 percent in
February. The increase—the largest since October 1990—was primarily
led by higher prices for imported petroleum products.
[Chart data—TXT]
Prices for petroleum imports surged 13.9 percent in February, the
largest monthly jump in this component since last April. Non-petroleum
import prices rose 0.3 percent in February.
Overall, import prices have risen 9.0 percent for the year ended
February. The petroleum index has increased for twelve consecutive months
and has advanced 168.4 percent over the past year. In contrast, the
non-petroleum index increased 0.1 percent during the February 1999-2000
period.
These data are a product of the BLS International
Price program. Learn more in "U.S.
Import and Export Price Indexes - February
2000," news release USDL 00-76. Note: import price data are
subject to revision in each of the three months after original
publication.
Of interest
Spotlight on Statistics: National Hispanic Heritage Month
In this Spotlight, we take a look at the Hispanic labor force—including labor force participation, employment and unemployment, educational attainment, geographic location, country of birth, earnings, consumer expenditures, time use, workplace injuries, and employment projections.
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