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[IWS] BLS: U.S. IMPORT AND EXPORT PRICE INDEXES - NOVEMBER 2013 [12 December 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 - NOVEMBER 2013 [12 December 2013]
[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-
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....
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