Wednesday, January 14, 2015



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



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....



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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