Wednesday, November 10, 2010
[IWS] BLS: U.S. IMPORT AND EXPORT PRICE INDEXES - OCTOBER 2010 [10 November 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 - OCTOBER 2010 [10 November 2010]
[full-text, 16 pages]
Supplemental Files Table of Contents
U.S. import prices rose 0.9 percent in October, the U.S. Bureau of Labor Statistics reported today, after
edging down 0.1 percent in September. Higher fuel and nonfuel prices contributed to the increase in
October. Export prices advanced for the third consecutive month in October, rising 0.8 percent.
All Imports: The price index for overall imports increased 0.9 percent in October, the largest monthly
advance for the index since a 1.1 percent advance in April. The October rise was also only the second one-
month upturn since the April increase. Despite the downward trend between May and September, import
prices rose 3.6 percent over the past 12 months.
Fuel Imports: A 3.0 percent advance in fuel prices in October accounted for approximately two thirds of
the increase in overall import prices. The October rise in fuel prices was the largest monthly advance since a
4.4 percent increase in January, and was driven by a 3.3 percent advance in petroleum prices, which more
than offset a 2.3 percent drop in the price index for natural gas. Fuel prices increased 7.9 percent for the year
ended in October, while petroleum and natural gas prices rose 7.6 percent and 9.5 percent, respectively, over
the same period.
All Imports Excluding Fuel: Nonfuel prices rose 0.3 percent for the third consecutive month in October.
Rising prices for nonfuel industrial supplies and materials and foods, feeds, and beverages led the advance,
while prices for finished goods were mixed. The price index for nonfuel imports increased 2.5 percent over
the past 12 months, driven by an 11.8 percent jump in the nonfuel industrial supplies and materials prices.
AND MUCH MORE...including TABLES....
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