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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

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U.S. IMPORT AND EXPORT PRICE INDEXES - AUGUST 2014 [12 September 2014]

http://www.bls.gov/news.release/ximpim.nr0.htm

or

http://www.bls.gov/news.release/pdf/ximpim.pdf

[full-text, 16 pages[

and

Supplemental Files Table of Contents

http://www.bls.gov/web/ximpim.supp.toc.htm

 

 

Prices for U.S. imports decreased 0.9 percent in August following a 0.3-percent decline in July, the U.S.

Bureau of Labor Statistics reported today. Both the August and July drops in overall import prices were

driven by lower fuel prices. U.S. export prices declined 0.5 percent in August, after ticking up 0.1 percent

the previous month.

 

Imports

 

All Imports: Prices for overall imports declined 0.9 percent in August, the largest monthly drop in import

prices since a 0.9-percent decrease in November 2013; those were the largest declines since a 2.3-percent

drop in June 2012. The August 2014 decrease resulted from lower fuel prices which more than offset a 0.1-

percent increase in nonfuel prices. The price index for overall imports fell 0.4 percent for the year ended in

August, the first 12-month decline since a 0.4-percent decrease in April.      

 

Fuel Imports: Import fuel prices fell 4.6 percent in August following a 1.7-percent decline in July. The

August drop in fuel prices was the largest 1-month decrease for the index since an 8.5-percent decline in

June 2012. Both petroleum and natural gas prices contributed to the decrease in August fuel prices,

declining 4.4 percent and 11.6 percent, respectively. Prices for imported fuel decreased 4.5 percent over the

past year, after rising 4.1 percent between August 2012 and August 2013. The 12-month decrease for fuel

prices in August was led by a 5.3-percent drop in petroleum prices which more than offset a 35.4-percent

jump in natural gas prices.  

 

All Imports Excluding Fuel: The 0.1-percent advance in nonfuel prices in August was the first monthly

uptick in the price index for nonfuel imports since a 0.3-percent rise in March. Higher prices for foods,

feeds, and beverages; nonfuel industrial supplies and materials; and automotive vehicles all contributed to

the August increase. The price index for nonfuel imports rose 0.7 percent over the past year.      

 

AND MUCH MORE...including TABLES....

 

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