IWS Documented News INTERNATIONAL

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
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U.S. IMPORT AND EXPORT PRICE INDEXES - OCTOBER 2011 [10 November 2011]

http://www.bls.gov/news.release/ximpim.nr0.htm

or

http://www.bls.gov/news.release/pdf/ximpim.pdf

[full-text, 16 pages]

and

Supplemental Files Table of Contents

http://www.bls.gov/web/ximpim.supp.toc.htm

U.S. import prices declined 0.6 percent in October, the U.S. Bureau of Labor Statistics reported today, after

recording no change in September. Decreasing prices for both nonfuel and fuel imports contributed to the

October drop. Export prices fell 2.1 percent in October, the largest monthly decline since a 2.2 percent

decrease in December 2008.

Imports

All Imports: Import prices fell for the third time in five months in October, declining 0.6 percent for the

month. The decrease matched a 0.6 percent decline in June, the largest one-month drop since the index fell

1.2 percent in June 2010. The price index for overall imports fell 1.4 percent over the past five months,

primarily driven down over that period by declining fuel prices. Despite the recent decreases, import prices

advanced 11.0 percent over the past year.  

Fuel Imports: Fuel prices fell 1.3 percent in October, following declines of 0.7 percent in September and

2.1 percent in August. Approximately 73 percent of the October decrease was attributable to a 1.0 percent

drop in petroleum prices, and a 10.9 percent decline in natural gas prices was also a contributing factor.

Despite the recent declines, fuel prices increased 33.8 percent for the year ended in October. Petroleum and

natural gas prices advanced 36.0 percent and 1.4 percent, respectively, over the past 12 months.  

All Imports Excluding Fuel: The price index for nonfuel imports declined 0.2 percent in October, the first

monthly decrease in the index since a 0.3 percent drop in July 2010. The October decline followed 0.2

percent increases in each of the previous three months, and was led by falling prices for nonfuel industrial

supplies and materials, capital goods, and foods, feeds, and beverages, which more than offset rising prices

for consumer goods and automotive vehicles. Nonfuel import prices rose 4.9 percent for the year ended in

October.         

AND MUCH MORE...including CHARTS & TABLES....

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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.

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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) 262-6041               
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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