IWS Documented News DAILY POSTINGS

IWS Documented News Service

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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

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U.S. IMPORT AND EXPORT PRICE INDEXES - FEBRUARY 2013 [13 March 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 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

January.

 

Imports

              

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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