Tuesday, June 15, 2010


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






[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....


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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