Thursday, November 10, 2011
[IWS] BLS: U.S. IMPORT AND EXPORT PRICE INDEXES - OCTOBER 2011 [10 November 2011]
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 2011 [10 November 2011]
[full-text, 16 pages]
Supplemental Files Table of Contents
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.
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
AND MUCH MORE...including CHARTS & TABLES....
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