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[IWS] BLS: U.S. IMPORT AND EXPORT PRICE INDEXES - FEBRUARY 2013 [13 March 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 - FEBRUARY 2013 [13 March 2013]
[full-text, 16 pages]
Supplemental Files Table of Contents
The price index for U.S. imports rose 1.1 percent in February, the U.S. Bureau of Labor Statistics reported
today, after increasing 0.6 percent the previous month. The February and January rises were both driven by
higher fuel prices. U.S. export prices advanced 0.8 percent in February following a 0.3 percent increase in
All Imports: Import prices increased 1.1 percent in February, the largest monthly advance since a 1.2
percent rise in August 2012. The advance followed a 0.6 percent increase in January, after import prices fell
the final quarter of 2012. Despite the February advance, import prices fell 0.3 percent over the past year, and
have not recorded a year-over-year increase since April 2012.
Fuel Imports: The price index for import fuel rose 4.9 percent in February after advancing 2.6 percent in
January. The February increase was the largest 1-month advance since a 6.1 percent rise in August 2012, and
was driven by a 5.2 percent increase in petroleum prices. The increase in petroleum prices followed a 3.0
percent advance the previous month. In contrast, natural gas prices fell for the second consecutive month,
declining 2.3 percent in February after a 6.0 percent drop the previous month. Despite the February increase,
import fuel prices fell 0.6 percent over the past year, as a 1.4 percent decrease in petroleum prices more than
offset a 29.7 percent advance in natural gas prices.
All Imports Excluding Fuel: Nonfuel import prices were unchanged in February following a 0.2 percent
increase the previous month. In February, higher prices for foods, feeds, and beverages; consumer goods;
and nonfuel industrial supplies and materials offset lower prices for import capital goods. The price index for
nonfuel imports was also unchanged over the past 12 months, the third consecutive month the index has
recorded no change on a 12-month basis.
AND MUCH MORE...including TABLES....
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