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[IWS] BLS: U.S. IMPORT AND EXPORT PRICE INDEXES - DECEMBER 2014 [14 January 2015]
IWS Documented News Service
Institute for Workplace Studies-----------------Professor Samuel B. Bacharach
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U.S. IMPORT AND EXPORT PRICE INDEXES - DECEMBER 2014 [14 January 2015]
[full-text, 16 pages]
Supplemental Files Table of Contents
The price index for U.S. imports fell 2.5 percent in December following a 1.8-percent drop in November
and a 1.4-percent decline in October, the U.S. Bureau of Labor Statistics reported today. Each of the
monthly decreases was driven by lower fuel prices. U.S. export prices declined 1.2 percent in December,
after decreasing 0.8 percent the previous month.
All Imports: U.S. import prices fell 2.5 percent in December, the largest 1-month decline since a 4.6-
percent drop in December 2008. Import prices have not recorded a monthly advance since rising 0.3 percent
in June and fell 7.3 percent over the second half of 2014. The price index for imports decreased 5.5 percent
overall in 2014, the largest calendar-year drop since falling 10.1 percent in 2008.
Fuel Imports: Fuel prices declined 15.1 percent in December following an 8.7-percent decrease in
November and a 6.7-percent drop in October. The December decrease was led by a 16.6-percent decline in
petroleum prices which more than offset a 15.3-percent increase in natural gas prices. Overall fuel prices fell
28.6 percent in 2014, the largest calendar-year decrease since a 47.0-percent drop in 2008. Petroleum prices
decreased 30.1 percent for the year ended in December while prices for natural gas declined 1.6 percent
over the same period.
All Imports Excluding Fuel: The price index for nonfuel imports edged down 0.1 percent in December,
after falling 0.3 percent the previous month. The December drop was driven by lower prices for consumer
goods, nonfuel industrial supplies and materials, and capital goods which more than offset rising foods,
feeds, and beverages prices. Overall nonfuel prices recorded no change in 2014 following a 1.2-percent
decline the previous year. In 2014, lower prices for capital goods, automotive vehicles, and nonfuel
industrial supplies and materials offset higher foods, feeds, and beverages prices and prices for consumer
AND MUCH MORE...including TABLES....
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