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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 - OCTOBER 2014 [14 November 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

 

The price index for U.S. imports decreased 1.3 percent in October following a 0.6-percent decline in

September, the U.S. Bureau of Labor Statistics reported today. The October drop was mostly led by falling

fuel prices. U.S. export prices declined 1.0 percent in October, after falling 0.4 percent in September and 0.5

percent in August.

 

 

Imports

 

All Imports: Import prices fell 1.3 percent in October, after decreasing 1.6 percent over the previous 3

months. The October decline was the largest monthly drop since a 2.3-percent decrease in June 2012. In

October, the drop was led by lower fuel prices, although nonfuel prices fell as well. The price index for

overall imports declined 1.8 percent over the past 12 months, the largest year-over-year drop since a 1.8-

percent decrease in November 2013.       

 

Fuel Imports: The price index for import fuel declined 6.5 percent in October following decreases in each

of the previous 3 months. The October decline was the largest 1-month drop since the index fell 8.5 percent

in June 2012. In October, a 6.9-percent decrease in petroleum prices led the decline in overall fuel prices. In

contrast, natural gas prices rose 0.8 percent. Fuel prices also fell for the year ended in October, declining

10.1 percent. The price index for petroleum decreased 11.1 percent from October 2013 to October 2014, and

natural gas prices increased 25.4 percent for the same period.   

 

All Imports Excluding Fuel: Prices for nonfuel imports declined 0.2 percent in October, after edging down

0.1 percent the previous month. In October, lower prices for nonfuel industrial supplies and materials,

consumer goods, and capital goods more than offset rising foods, feeds, and beverages prices. Despite the

recent increases, nonfuel import prices increased 0.3 percent over the past year. Higher prices for foods,

feeds, and beverages and consumer goods more than offset falling prices for automotive vehicles, capital

goods, and nonfuel industrial supplies and materials.       

 

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

 

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