Friday, February 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 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....




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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