Thursday, December 12, 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



U.S. import prices declined 0.6 percent for the second consecutive month in November, the U.S. Bureau of

Labor Statistics reported today, after rising the previous 3 months. The decrease in each of the past 2 months

was led by falling fuel prices. U.S. export prices rose 0.1 percent in November following a 0.6 percent

decline in October.




All Imports: Import prices fell 0.6 percent in November following a 0.6 percent decrease in October. Those

were the first monthly declines for the index since a 0.4 percent drop in June. The price index for U.S.

imports decreased 1.5 percent over the past 12 months, the third consecutive month of declining year-over-

year changes.


Fuel Imports: Fuel prices declined 3.1 percent in November after recording a 2.9 percent decrease in

October. The November decline was the largest downturn since an 8.5 percent drop in June 2012. A 3.5

percent decrease in petroleum prices in November more than offset a 9.4 percent advance in natural gas

prices. Fuel prices dropped 2.7 percent for the year ended in November, driven by a 2.8 percent decline in

petroleum prices. Natural gas prices were unchanged over the past year.


All Imports Excluding Fuel: The price index for nonfuel imports recorded no change in November after

rising 0.1 percent in both October and September. For the year ended in November, nonfuel import prices

fell 1.2 percent led by a drop in the price index for nonfuel industrial supplies and materials. Most of the

major finished goods categories also contributed to the overall 12-month decline as prices for capital goods,

consumer goods, and automotive vehicles all fell over the past year. Nonfuel import prices have not recorded

a year-over-year increase since a 0.1 percent advance between February 2012 and February 2013.


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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