Friday, November 14, 2014Tweet
[IWS] BLS: U.S. IMPORT AND EXPORT PRICE INDEXES - OCTOBER 2014 [14 November 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
This service is supported, in part, by donations. Please consider making a donation by following the instructions at http://www.ilr.cornell.edu/iws/news-bureau/support.html
U.S. IMPORT AND EXPORT PRICE INDEXES - OCTOBER 2014 [14 November 2014]
[full-text, 16 pages]
Supplemental Files Table of Contents
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.
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....
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.
Links to this post: