Thursday, March 13, 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 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....






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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