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[IWS] BLS: U.S. IMPORT AND EXPORT PRICE INDEXES - DECEMBER 2012 [11 January 2013]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
U.S. IMPORT AND EXPORT PRICE INDEXES - DECEMBER 2012 [11 January 2013]
[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....
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