Friday, September 11, 2009

[IWS] BLS: U.S. IMPORT AND EXPORT PRICE INDEXES - AUGUST 2009 [11 September 2009]

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
________________________________________________________________________

U.S. IMPORT AND EXPORT PRICE INDEXES - AUGUST 2009 [11 September 2009]
http://www.bls.gov/news.release/ximpim.nr0.htm
or
http://www.bls.gov/news.release/pdf/ximpim.pdf
[full-text, 16 pages]


The U.S. Import Price Index increased 2.0 percent in August, the U.S. Bureau of Labor Statistics reported
today, driven primarily by a 9.8 percent advance in fuel prices. Import prices fell 0.7 percent in July. Prices
for U.S. exports rose 0.7 percent in August after falling 0.3 percent the previous month.

Imports

All Imports: Import prices increased for the fifth time in the past six months in August, rising 2.0 percent
for the month. Despite the recent advances, the price index for overall imports fell 15.0 percent over the past
year and the decline was led by a 21.0 percent decrease for the index between August 2008 and January
2009. Import prices subsequently rose 7.6 percent from January 2009 to August 2009.

Fuel Imports: Volatile fuel prices were the primary contributor to both the August increase and 12-month
decrease in overall import prices. The price index for import fuel advanced 9.8 percent in August and
declined 39.6 percent for the August 2008-2009 period, though prices rose 61.5 percent from January to
August.

All Imports Excluding Fuel: Prices for imports excluding fuel increased 0.4 percent in August following a
0.2 percent decline the previous month. The August increase was the largest monthly advance since a 0.6
percent increase in July 2008 and was led by higher prices for industrial supplies and materials. Despite the
increase in August, prices for imports excluding fuel remain down 5.1 percent over the past 12 months,
similar to the 5.3 percent decrease recorded for the year ended in July, which was the largest 12-month drop
since the index was first published in December 2001.

AND MUCH MORE...including CHARTS & 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.

****************************************
Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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