Wednesday, September 15, 2010
[IWS] BLS: U.S. IMPORT AND EXPORT PRICE INDEXES - AUGUST 2010 [15 September 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 - AUGUST 2010 [15 September 2010]
[full-text, 16 pages]
Supplemental Files Table of Contents
U.S. import prices increased 0.6 percent in August, the U.S. Bureau of Labor Statistics reported today, after
rising 0.1 percent the previous month. Higher fuel and nonfuel prices contributed to the overall advance.
Export prices rose 0.8 percent in August after declining 0.2 percent in July and 0.7 percent in June.
All Imports: Import prices increased for the second consecutive month in August, rising 0.6 percent
following a comparatively modest 0.1 percent advance in July. The price index for overall imports rose 4.1
percent for the year ended in August, the smallest 12-month advance since a 3.4 percent rise for the
November 2008-09 period.
Fuel Imports: Approximately 58 percent of the overall increase in import prices in August was attributable
to a 1.7 percent advance in fuel prices. The August increase in fuel prices followed a 1.0 percent rise the
previous month and was led by a 2.1 percent increase in petroleum prices which more than offset a 3.5
percent decline in natural gas prices. Prices for fuel rose 9.1 percent over the past 12 months; an 8.5 percent
increase in petroleum prices and a 25.0 percent jump in natural gas prices each contributed to the overall
All Imports Excluding Fuel: The price index for nonfuel prices also rose in August, increasing 0.3 percent
following decreases of 0.2 percent in July and 0.5 percent in June. The August increase was primarily driven
by higher prices for finished goods and food, feeds, and beverages. Nonfuel prices advanced 2.9 percent
over the past year. In contrast to the August increase, the annual advance was led by rising nonfuel
industrial supplies and materials prices, up 13.0 percent for the August 2009-10 period.
AND MUCH MORE...including TABLES....
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