Tuesday, January 14, 2014Tweet
[IWS] BLS: U.S. IMPORT AND EXPORT PRICE INDEXES - DECEMBER 2013 [14 January 2014]
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 - DECEMBER 2013 [14 January 2014]
[full-text, 16 pages]
Supplemental Files Table of Contents
U.S. import prices recorded no change in December, the U.S. Bureau of Labor Statistics reported today,
following declines of 0.9 percent in November and 0.6 percent in October. In December, higher fuel prices
offset declining nonfuel prices. U.S. export prices advanced 0.4 percent in December, after edging up 0.1
percent the previous month.
All Imports: Import prices were unchanged in December, after falling 1.6 percent over the previous 2
months. Decreasing fuel prices drove the overall declines in import prices in November and October. The
price index for U.S. imports decreased 1.3 percent in 2013 following a 2.0 percent decline in 2012. Falling
fuel and nonfuel prices contributed to the 2013 decline in overall import prices.
Fuel Imports: The price index for import fuel increased 0.4 percent in December, after declining 4.3
percent in November and 3.3 percent in October. The December upturn in fuel prices was led by a 15.8
percent increase in natural gas prices that more than offset a 0.1 percent drop in petroleum prices. Fuel
prices fell 1.7 percent in 2013 following a 7.9 percent decrease the previous year. The price indexes for both
petroleum and natural gas fell in 2013, declining 1.5 percent and 3.7 percent, respectively. Natural gas
prices fell over the past year despite rising 35.5 percent over the final quarter of 2013.
All Imports Excluding Fuel: Nonfuel import prices edged down 0.1 percent in December, after recording
no change in November. Lower prices for each of the major finished goods categories and nonfuel industrial
supplies and materials contributed to the December drop in nonfuel import prices. Despite movement over
the last 4 months of 2013, the price index for nonfuel imports declined 1.2 percent over the past year, after
recording no change in 2012.
AND MUCH MORE...including TABLES....
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Institute for Workplace Studies
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