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February 21, 2002

s Measured in current dollars, U.S. exports of goods and services
totaled $77.9 billion in December, up 0.2 percent from November.
By contrast, imports of goods and services fell 2.9 percent in
December to $103.2 billion. Accordingly, the U.S. goods and
services trade deficit totaled $25.3 billion in December. For the
year, the trade deficit totaled $346.3 billion, down $29.5 billion
from a year earlier.
s The Conference Board reported that the index of leading economic
indicators, after gains of 0.8 percent in November and 1.3 percent
in December 2001, rose 0.6 percent in January. The leading
indicators index has risen four months in a row.
s In January, the consumer price index (CPI) rose 0.2 percent, or at
a 2 percent annual rate. Excluding food and energy prices, the CPI
rose at a 1.9 percent rate. Measured from a year earlier, the total
CPI is up 1.1 percent, while the so-called core CPI is up 2.6 percent.
Effective with January 2002 data, the CPI is now constructed using
expenditure weights for the 1999-2000 period. These weights replace
the 1993-95 weights, which were introduced in January 1998.

NOTE: The U.S. Treasury Department announced that the 30-year
constant maturity series listed on page 7 was discontinued as of
Feb. 18. In its place, we will begin listing the Treasury long-term
average rate, which is an unweighted average of yields on all outstanding fixed-coupon bonds with 25 years or more remaining to maturity.
For more information, see <>.
All data are seasonally adjusted unless otherwise indicated.
U.S. Financial Data is published weekly by the Research Division of the Federal Reserve Bank of
St. Louis. For more information on data, please call (314) 444-8590. To be added to the mailing
list, please call (314) 444-8809.
Information in this publication is also included in the Federal Reserve Economic Data (FRED) data base
on the internet at

Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102