Thursday, March 13, 2014Tweet
[IWS] BLS: U.S. IMPORT AND EXPORT PRICE INDEXES - FEBRUARY 2014 [13 March 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 - FEBRUARY 2014 [13 March 2014]
[full-text, 16 pages]
Supplemental Files Table of Contents
U.S. import prices increased 0.9 percent in February following a 0.4 percent advance the previous month,
the U.S. Bureau of Labor Statistics reported today. The February advance was led by higher fuel prices
which more than offset declining nonfuel prices. U.S. export prices rose 0.6 percent in February, after
increasing 0.2 percent in January.
All Imports: Import prices rose for the third consecutive month in February, increasing 0.9 percent. Despite
the recent increases, prices for overall imports decreased 1.1 percent for the year ended in February, after
declining 0.6 percent from February 2012 to February 2013.
Fuel Imports: The price index for import fuel increased 5.1 percent in February, the largest monthly
advance for fuel prices since the index rose 6.1 percent in August 2012. A 4.4 percent increase in petroleum
prices and a 22.4 percent jump in natural gas prices both contributed to the overall advance in fuel prices.
Natural gas prices have risen 120.5 percent since September 2013. Despite the February increase, import
fuel prices fell 0.5 percent over the past year. A 2.6 percent drop in petroleum prices more than offset a 70.6
percent rise in natural gas prices.
All Imports Excluding Fuel: In contrast to fuel prices, nonfuel import prices declined 0.2 percent in
February following a 0.3 percent increase in January. Lower prices for capital goods and foods, feeds, and
beverages drove the February decline in nonfuel prices, while prices for nonfuel industrial supplies and
materials ticked up 0.1 percent and the price indexes for consumer goods and automotive vehicles were
unchanged. Nonfuel import prices also declined over the past 12 months, decreasing 1.2 percent. Lower
prices over the past year for nonfuel industrial supplies and materials, automotive vehicles, and capital
goods all contributed to the decrease in overall nonfuel prices.
AND MUCH MORE...including TABLES....
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