Home / Knowledge / News / Textiles / Price indexes for imports from EU & Canada up in Jan
Price indexes for imports from EU & Canada up in Jan
16
Feb '08
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, 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.

Import Goods:
The January increase in overall imports resumed the upward trend of the past year after a 0.2 percent decrease in December. The index, which had risen 3.1 percent in November and 1.5 percent in October, is up 13.7 percent over the past 12 months, the largest year-over-year increase since the index was first published in September 1982. The 5.5 percent increase in petroleum prices was the largest contributor to the January increase, although nonpetroleum prices also advanced, rising 0.6 percent.

Petroleum prices also led the overall increase in import prices over the past year, rising 66.9 percent over that period. The increase in nonpetroleum prices in January followed increases of 0.3 percent in December and 0.6 percent in November. Over the past 12 months, prices for nonpetroleum imports rose 3.6 percent.

The January increase in nonpetroleum prices was primarily driven by a 2.2 percent rise in the price index for nonpetroleum industrial supplies and materials. That increase followed advances of 0.7 percent in December and 2.3 percent in November and was led by higher prices for chemicals and natural gas.

The price indexes for consumer goods also increased in January. Consumer goods prices advanced 0.3 percent for the month and 1.6 percent over the past year. In contrast, capital goods prices fell 0.2 percent in January as a decline in computer prices more than offset a 0.2 percent increase in prices for capital goods excluding computers.

Export Goods:
The 1.2 percent increase in export prices was the largest one-month gain in the index since a 1.2 percent increase in January 1989. Higher prices for both agricultural exports and nonagricultural exports contributed to the advance. Agricultural prices rose 5.0 percent in January after a 2.8 percent increase in December. Higher prices for corn and soybeans drove the increase in agricultural prices.


Must ReadView All

VF Corporation to split into two independent companies

Apparel/Garments | On 14th Aug 2018

VF Corporation to split into two independent companies

VF Corporation, a global leader in branded lifestyle apparel,...

Courtesy: Good On You

Apparel/Garments | On 14th Aug 2018

Good On You in Oz adds 500 European brands to rating app

Australia-based Good On You’s brand-rating app has recently added 500 ...

Courtesy: USDA/FAS

Textiles | On 14th Aug 2018

US cotton exports in 2017-18 highest in over a decade

Cotton exports from the US in 2017-18 reached their highest level...

Interviews View All

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search