Friday, December 10, 2010
[IWS] BLS: U.S. IMPORT AND EXPORT PRICE INDEXES - NOVEMBER 2010 [10 December 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 - NOVEMBER 2010 [10 December 2010]
[full-text, 16 pages]
Supplemental Files Table of Contents
U.S. import prices increased 1.3 percent in November, the U.S. Bureau of Labor Statistics reported today,
following a 1.0 percent advance the previous month. Rising prices for fuel and nonfuel imports contributed
to both the November and October increases. Prices for U.S. exports also rose in November, increasing 1.5
percent after advancing 0.8 percent in October.
All Imports: Import prices advanced 1.3 percent in November following a 1.0 percent increase in October.
The November rise was the largest monthly advance since a 1.5 percent increase in November 2009 and
marked the first time since May and June 2009 that import prices rose by at least 1.0 percent in consecutive
months. The price index for overall imports increased 3.7 percent over the past 12 months, similar to the
year-over-year increases recorded in each of the three previous months.
Fuel Imports: Fuel prices rose 3.7 percent in November after advancing 3.8 percent the previous month. The
November increase was driven by a 4.1 percent rise in petroleum prices, which more than offset a 3.8 percent
drop in natural gas prices. The price index for fuels advanced 6.3 percent for the year ended in November,
led by a 7.4 percent increase in petroleum prices. In contrast, prices for natural gas declined 15.2 percent
over the past year.
All Imports Excluding Fuel: Prices for nonfuel imports rose 0.8 percent following 0.3 percent advances in
each of the three previous months. The November increase was the largest one-month advance for the index
since a 1.1 percent rise in April 2008. Higher prices for nonfuel industrial supplies and materials were the
largest factor for the overall increase in nonfuel prices; however, increasing finished goods and food prices
also contributed to the November advance. Nonfuel import prices increased 3.0 percent for the November
AND MUCH MORE...including TABLES....
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