Friday, January 11, 2013



IWS Documented News Service


Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau





[full-text, 16 pages]


Supplemental Files Table of Contents



The price index for U.S. imports edged down 0.1 percent in December, the U.S. Bureau of Labor Statistics

reported today, after declining 0.8 percent the previous month. Falling fuel and nonfuel prices each

contributed to the December decrease. U.S. export prices also fell 0.1 percent in December following a 0.7

percent drop in November.




All Imports: Import prices declined for the second consecutive month in December after increasing the

three months prior to November. Overall, import prices fell 1.5 percent in 2012, the first calendar year

decrease for the index since a 10.1 percent drop in 2008. Import prices had risen 8.5 percent in 2011, 5.3

percent in 2010, and 8.6 percent in 2009.        


Fuel Imports: The price index for import fuel edged down 0.1 percent in December after declining 2.8

percent the previous month. The decrease in both months was led by falling petroleum prices, down 0.8

percent in December and 3.4 percent in November. In contrast, natural gas prices rose 18.4 percent in

December following an 18.0 percent rise in November. Overall fuel prices fell 6.4 percent in 2012 after

increasing 24.9 percent the previous year. The decline over the past 12 months was driven by a 7.1 percent

drop in petroleum prices which more than offset a 14.2 percent increase in natural gas prices.          


All Imports Excluding Fuel: Prices for nonfuel imports also declined 0.1 percent in December following a

0.2 percent decrease in November. Lower prices for capital goods, consumer goods, and foods, feeds, and

beverages all contributed to the December decline. Despite the recent decreases, nonfuel import prices

ticked up 0.1 percent in 2012, after advancing 3.4 percent and 3.0 percent the two previous years. The 2012

increase was led by a 1.9 percent rise in automotive vehicles prices, as all other major categories either

recorded declines or no change for the year. 


AND MUCH MORE...including TABLES....





This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.


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