- U.S. IMPORT AND EXPORT PRICE INDEXES - CRASH_GURU, 07.04.2004, 15:25
- Re: ah, nee... - Cosa, 07.04.2004, 15:38
U.S. IMPORT AND EXPORT PRICE INDEXES
-->U.S. IMPORT AND EXPORT PRICE INDEXES
- MARCH 2004 -
The U.S. Import Price Index rose 0.9 percent in March, the Bureau of Labor
Statistics of the U.S. Department of Labor reported today. Higher prices for
both petroleum and nonpetroleum imports contributed to the overall increase.
Export prices also rose 0.9 percent in March, the largest monthly increase in
this index in nine years.
Percent changes in import and export price indexes
by End Use category
-not seasonally adjusted-
IMPORTS EXPORTS
Month Non- Agri- Nonagri-
All Petroleum petroleum All cultural cultural
Imports Imports Imports Exports Exports Exports
2003
March 0.6 -1.1 1.0 0.2 -0.4 0.3
April -3.1 -18.8 -1.0 -0.1 0.4 -0.1
May -0.7 -5.0 -0.2 0.1 2.5 -0.2
June 0.9 5.4 0.4 -0.2 -0.5 -0.1
July 0.5 5.2 0.0 -0.1 -0.1 -0.1
August 0.0 1.8 -0.3 0.0 -1.0 0.1
September -0.5 -5.8 0.3 0.4 5.4 -0.1
October 0.1 1.6 -0.1 0.2 2.4 0.1
November 0.5 2.1 0.2 0.5 4.0 0.1
December 0.7 r 5.1 r 0.3 r 0.3 r 0.4 r 0.3 r
2004
January 1.5 7.4 r 0.8 0.7 r 0.7 r 0.7 r
February 0.4 0.1 r 0.4 0.7 r 1.6 r 0.6
March 0.9 6.1 0.2 0.9 3.3 0.6
March 2002-03 6.8 54.2 2.4 2.2 8.7 1.6
March 2003-04 1.2 1.9 1.0 3.4 20.7 1.9
r = revised to reflect late reports and corrections by respondents.
Import Goods
Import prices continued an upward trend in March, rising 0.9 percent for the
month and 2.9 percent over the first quarter of 2004. Higher prices for import
petroleum accounted for most of the increase, rising 6.1 percent in March.
Petroleum prices have advanced in 9 of the past 10 months, after falling sharply
last spring. Over the past 12 months, the index was up 1.9 percent. Nonpetroleum
import prices were up a modest 0.2 percent in March, after rising 0.4 percent and
0.8 percent in the first two months of 2004. For the year ended in March,
nonpetroleum import prices were up 1.0 percent, while prices of overall imports
rose 1.2 percent.
The March increase in nonpetroleum import prices was led by a continued
advance in the price index for nonpetroleum industrial supplies and materials, up
1.1 percent. Higher prices for building materials and unfinished metals were the
primary contributors to the increase. Nonpetroleum industrial supplies and
materials prices were up 3.8 percent for the year ended in March.
The price index for foods, feeds, and beverages also rose in March, up 0.8
percent. The increase continued a recent upward trend and was led by higher seafood
prices. Foods, feeds, and beverages prices were up 3.1 percent over the past 12
months. Prices for automotive vehicles increased 0.1 percent last month and 1.3
percent over the March 2003-2004 period.
Import prices for capital goods and consumer goods continued to register little
movement, as both were unchanged in March. Over the past year, capital goods prices
fell 0.6 percent, while prices for consumer goods rose 0.8 percent.
Export Goods
Export prices were up 0.9 percent in March and 2.3 percent over the first
quarter of 2004, the largest 3-month jump in export prices since the second quarter
of 1988. Prices for both agricultural and nonagricultural exports contributed to the
recent increase in overall export prices. The price index for agricultural exports
rose 3.3 percent in March, led by a sharp increase in soybean prices. Agricultural
prices have been trending upward since the middle of 2003 and were up 20.7 percent
over the past 12 months. Nonagricultural export prices rose 0.6 percent last month,
following increases of 0.6 percent and 0.7 percent in February and January. Prices
for nonagricultural exports were up 1.9 percent for the year ended in March, while
overall export prices rose 3.4 percent over the same period.
A 1.7 percent increase in the price index for nonagricultural industrial supplies
and materials was the primary contributor to the March increase in export prices.
Nonagricultural industrial supplies and materials prices were up 6.0 percent over the
past three months and 7.5 percent for the year ended in March. Prices for capital
goods, which account for approximately 42 percent of exports, rose 0.3 percent for the
second consecutive month. The increase was mainly attributable to higher prices for
computer peripherals and semiconductors. Notwithstanding the recent increases, capital
goods prices were down 0.2 percent over the past 12 months.
The price indexes for both automotive vehicles and consumer goods were unchanged
in March, and each was up 0.5 percent over the past 12 months.

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