Thursday, December 11, 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


This service is supported, in part, by donations. Please consider making a donation by following the instructions at





[full-text, 16 pages]


Supplemental Files Table of Contents



U.S. import prices declined 1.5 percent in November, after falling 1.2 percent in October, the U.S. Bureau

of Labor Statistics reported today. Both decreases were driven by declining fuel prices. The price index for

U.S. exports fell 1.0 percent in November following a 0.9-percent drop the previous month.




All Imports: Prices for U.S. imports fell 1.5 percent in November, the largest monthly drop in import prices

since a 2.3-percent decrease in June 2012. Led by lower fuel prices, overall import prices declined in each

of the past 5 months, falling 4.2 percent over that period. The price index for imports fell 2.3 percent over

the past 12 months, the largest year-over-year decline since a 2.7-percent decrease between April 2012 and

April 2013.        


Fuel Imports: Fuel prices decreased 6.7 percent in November, after declining 6.0 percent in October. Those

drops were the largest monthly decreases since the index fell 8.5 percent in June 2012. Both monthly

declines were driven by lower petroleum prices, which fell 6.9 percent in November and 6.4 percent in

October. In November, a 4.6-percent decrease in natural gas prices also contributed to the overall drop in

fuel prices, and followed a 0.4-percent advance the previous month. Fuel prices fell 11.5 percent for the year

ended November, the largest 12-month drop since the index fell 13.4 percent in July 2012. The November

2014 decrease was led by a 12.3-percent drop in petroleum prices, which more than offset a 10.6-percent

increase in natural gas prices over the same period.   


All Imports Excluding Fuel: The price index for nonfuel imports decreased 0.2 percent for the third

consecutive month in November. Prior to the last 3 months, the last time the index fell by more than 0.2

percent was a 0.4-percent decline in July 2013. Lower prices for nonfuel industrial supplies and materials;

foods, feeds, and beverages; and each of the major finished goods categories contributed to the overall

decline. Nonfuel import prices were unchanged over the past 12 months as higher prices for consumer

goods and foods, feeds, and beverages offset falling prices for nonfuel industrial supplies and materials,

automotive vehicles, and capital goods.       


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:

Create a Link

<< Home

This page is powered by Blogger. Isn't yours?