Tuesday, January 14, 2014



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 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....




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.



Stuart Basefsky                  

Director, IWS News Bureau               

Institute for Workplace Studies

Cornell/ILR School                       

16 E. 34th Street, 4th Floor            

New York, NY 10016                       


Telephone: (607) 262-6041              

Fax: (607) 255-9641                      

E-mail: smb6@cornell.edu                 



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