Tuesday, June 15, 2010
[IWS] BLS: U.S. IMPORT AND EXPORT PRICE INDEXES - MAY 2010 [15 June 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 - MAY 2010 [15 June 2010]
[full-text, 16 pages]
Supplemental Files Table of Contents
U.S. import prices declined 0.6 percent in May, the U.S. Bureau of Labor Statistics reported today, after
rising 1.1 percent in April and 0.4 percent in March. The decrease was led by falling fuel prices, which more
than offset a rise in nonfuel prices. In contrast, the price index for U.S. exports increased 0.7 percent in May
following increases of 1.2 percent and 0.7 percent in April and March, respectively.
All Imports: Import prices fell 0.6 percent in May, the first decline for the index since edging down 0.1
percent in February and the largest monthly drop since a similar 0.6 percent decrease in July 2009. Despite
the May decline, import prices rose 8.6 percent over the past 12 months. Prices of overall imports have been
up on a 12-month basis since declining 5.6 percent for the October 2008-09 period.
Fuel Imports: Fuel prices reversed the recent upward trend, falling 4.9 percent in May. The drop was the
first one-month decrease since a 0.7 percent decline in February and the largest monthly decrease since a
22.2 percent fall in December 2008. The May decline was primarily driven by a 5.0 percent drop in
petroleum prices, which accounted for approximately 95 percent of the decrease; natural gas prices fell as
well, decreasing 3.5 percent. Fuel prices have trended up over most of the past year, rising 33.9 percent. The
price indexes for petroleum and natural gas advanced for the year ended in May, rising 35.9 percent and
17.0 percent, respectively.
All Imports Excluding Fuel: In contrast to fuel prices, nonfuel prices continued to trend up in May, rising
0.5 percent. Nonfuel import prices last recorded a monthly decline in July 2009 and rose 3.6 percent over the
past 12 months. A 1.9 percent increase in nonfuel industrial supplies and materials prices was the largest
contributor to the overall advance, while foods, feeds, and beverages prices and finished goods prices
advanced as well.
AND MUCH MORE...including TABLEs....
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