January 2008 U.S. Import and Export Price Indexes — 2008-02-15

The U.S. Import Price Index increased 1.7 percent in January, the Bureau of Labor Statistics of the U.S. Department of Labor reported today, led by a 5.5 percent increase in petroleum prices. The overall increase followed a 0.2 percent decline in December. U.S. export prices advanced 1.2 percent in January following a 0.4 percent rise in December. - Due to budget constraints, beginning with the January 2008 release, the price series for export postsecondary education services, export travel and tourism services, inbound ocean liner freight, and inbound tanker freight will no longer be published. Percent changes in import and export price indexes by End Use category - not seasonally adjusted - The January increase in overall imports resumed the upward trend of the past year after a 0.2 percent decrease in December.