Friday, September 12, 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


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[full-text, 16 pages[


Supplemental Files Table of Contents



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.




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....



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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