Tuesday, April 13, 2010
[IWS] BLS: U.S. IMPORT AND EXPORT PRICE INDEXES - MARCH 2010 [13 April 2010]
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
U.S. IMPORT AND EXPORT PRICE INDEXES - MARCH 2010 [13 April 2010]
[full-text, 16 pages]
Supplemental Files Table of Contents
The U.S. Import Price Index rose 0.7 percent in March, the U.S. Bureau of Labor Statistics reported today.
The increase was attributable to higher prices for both fuel and nonfuel imports and followed a 0.2 percent
decline in February. Export prices also rose 0.7 percent in March after declining 0.4 percent the previous
All Imports: In March, import prices increased for the seventh time in the past eight months, rising 0.7
percent. The March upturn followed a 0.2 percent decline in February and was largely driven by a
turnaround in fuel prices, which accounted for approximately 80 percent of the increase. Import prices
advanced 11.4 percent for the year ended in March after decreasing 14.9 percent for the March 2008-09
Fuel Imports: Import fuel prices resumed an upward trend in March, rising 2.9 percent following a 1.2
percent drop in February. A 4.0 percent increase in petroleum prices was slightly offset by a 12.4 percent
decline in natural gas prices, which decreased for the first time in six months. Over the past year, the price
index for petroleum increased 70.2 percent and natural gas prices rose 19.0 percent, driving overall fuel
prices up 63.3 percent for the same period. The 12-month increase in fuel prices followed a 50.7 percent
drop for the March 2008-09 period.
All Imports Excluding Fuel: Prices for nonfuel imports rose for the eighth consecutive month, advancing
0.2 percent. The increase was led by higher prices for nonfuel industrial supplies and materials, consumer
goods, and foods, feeds, and beverages. Lower prices for capital goods and automotive vehicles partly
offset the overall advance. Over the past 12 months, nonfuel import prices rose 2.7 percent, the largest 12-
month increase since the index went up 4.8 percent for the October 2007-2008 period.
AND MUCH MORE...including TABLES....
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