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[IWS] BLS: U.S. IMPORT AND EXPORT PRICE INDEXES - JANUARY 2014 [14 February 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 - JANUARY 2014 [14 February 2014]
[full-text, 16 pages]
Supplemental Files Table of Contents
U.S. import prices rose for the second consecutive month in January advancing 0.1 percent, after a 0.2
percent increase in December, the U.S. Bureau of Labor Statistics reported today. In January, higher nonfuel
prices more than offset declining fuel prices. U.S. export prices also rose in January, increasing 0.2 percent
following a 0.4 percent advance in December.
All Imports: Import prices ticked up 0.1 percent in January following a 0.2 percent rise the previous month.
The January advance was led by higher nonfuel prices, while the increase in December was driven by rising
fuel prices. Despite the recent advances, prices for overall imports declined 1.5 percent for the year ended in
January. Import prices have not recorded a year-over-year increase since a 0.9 percent rise between July
2012 and July 2013.
Fuel Imports: Fuel prices fell for the third time in the past 4 months in January, declining 0.6 percent, after
a 1.3 percent advance in December. The January drop was led by a 1.2 percent decrease in petroleum prices,
which more than offset a 14.1 percent increase in natural gas prices. Natural gas prices rose 67.3 percent
over the past 4 months. Fuel prices also fell over the past year, declining 3.1 percent. The 12-month drop in
fuel prices was driven by a 4.0 percent decrease in petroleum prices, while natural gas prices increased 26.7
percent over the same period.
All Imports Excluding Fuel: The price index for nonfuel imports advanced 0.3 percent in January, after
recording little movement the previous 4 months. The increase was the largest monthly rise in nonfuel
import prices since a 0.4 percent increase in March 2012. In January, higher prices for consumer goods;
capital goods; foods, feeds, and beverages; and nonfuel industrial supplies and materials contributed to the
overall advance in nonfuel import prices. In contrast, automotive vehicle prices decreased in January.
Despite the January increase, nonfuel import prices fell 1.1 percent over the past 12 months.
AND MUCH MORE...including TABLES....
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