Friday, January 11, 2013
Tweet[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
Cornell University
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]
http://www.bls.gov/news.release/ximpim.nr0.htm
or
http://www.bls.gov/news.release/pdf/ximpim.pdf
[full-text, 16 pages]
and
Supplemental Files Table of Contents
http://www.bls.gov/web/ximpim.supp.toc.htm
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.
Imports
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.